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Diverse entrepreneurs face challenges that other companies don’t. But with passion and persistence, it’s still possible for dreamers and doers to build inspiring companies.
Starting a new business takes vision, perseverance and a willingness to work longer and harder than most people can imagine — traits that all of these diverse entrepreneurs happen to share. Because of their efforts, these business leaders have created companies that brought amazing new products onto the market. Along the way, they have overcome doubts and challenges that would have stopped others cold.
Did you know that Daymond John, CEO of men’s apparel brand FUBU, was rejected by 27 banks? Still, he found a way to bring his vision to life. FUBU has now sold billions of dollars of clothing, and John is a regular on ABC’s “Shark Tank.”
Or how about Sal Khan, the founder of Khan Academy? Khan left the safety of a job in finance to build his instructional video business — and spent the next 10 months living off savings, wondering if he’d made a terrible mistake.
Minority- and women-owned businesses often face challenges that other companies don’t, whether that’s limited access to capital or a smaller network of connections. But it’s still possible for diverse entrepreneurs to win. The following stories are proof.
For most of the entrepreneurs profiled here, it took years for them to secure the financial backing that their companies needed to grow. They had many other advantages, however. Those included:
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