Money Glow Up with Tiffany Aliche What is the real cost of entrepreneurship?
With 33 million small businesses in the US employing 46.4% of all private sector employees, entrepreneurs make up the backbone of American business. But is entrepreneurship all that it's cracked up to be? Does running a small business fast-track you to personal wealth? Do legacy entrepreneurs have it easy?
"The Budgetnista" Tiffany Aliche chats with Elegant Eyes Head of Business Growth and Operations Cabral Miller about his unique journey with entrepreneurship. As not only a child of a legacy business, but a grandchild as well, Miller has spent his whole life learning first-hand what it takes to make a small business succeed—and what it takes to fail.
Miller discussed how entrepreneurism is not a golden ticket to success. "It comes with a lot of blood, sweat, and tears. I remember days of sleeping in the store because I knew I had so much to do. I knew I didn't have anybody who I could afford to pay to do it. I remember weeks and months of no pay. Those are misconceptions of entrepreneurialism," Miller explained.
Tiffany Aliche creates a space to share real and inspiring money stories, learn financial fundamentals, and build your future. Step into the classroom with Money Glow Up with Tiffany Aliche—aka The Budgetnista—to jump-start your financial journey.
Have a money story of your own? Questions? Fan mail? Email us at yfpodcasts@yahooinc.com.
Find this episode's transcripts and more episodes of Money Glow Up at http://finance.yahoo.com/videos/series/money-glow-up/.
00:00-Cabral Miller joins Money Glow Up
00:50-Entrepreneurship; the backbone of American economy
03:00-Origins of the family business
09:23-Is a small business a fast way to make money?
15:16-Extracting wealth from your business
17:30-Does entrepreneurship automatically equal wealth
Cabral Miller is a legacy entrepreneur. His family started, Elegant Eyes in Newark, NJ in the 60’s, passed it down to his mother, who then passed it down to he and his sister. They survived through the Newark Riots, The Great Recession, Covid and so much more.
Yahoo Finance's Money Glow Up is hosted by Tiffany Aliche, and created and produced by Rachael Lewis-Krisky.
Money Glow Up is produced by Rachael Lewis-Krisky.