Only 3% of Black women are running mature businesses, a number Dr. Novellus is looking to grow:
Dr. Novellus is no stranger to gaining access to resources. She is one of very few Black women founders who has raised over $1M in venture capital. But her journey toward economic empowerment and leveraging the power of investments began when she was just 15 years old. Recognizing that she would require a strategic plan to reach her goals, Dr. Novellus raised over $600,000 in scholarships to fund 11 years of higher education.
Much of her determination and advocacy for economic equality began with the conversations held in her household growing up. Defying common misconceptions about women and their perceived lack of financial knowledge, Dr. Novellus was taught differently, “My mother always told me that women were the best at managing money and managing finances, even though other people often tell us otherwise. Women are the best because they typically have to manage all the money in every household.” Dr.
Prior to starting EnrichHER, Dr. Novellus owned a tax and accounting firm where she recognized that the businesses she served all faced the same issue - attaining more financial capital to build and thrive. I asked her to speak on the financial barriers that Black women owners face and the strategic approach she takes to help overcome these hurdles. Here’s what she had to say:Dr.
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