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Richelle Shaw

The $100 million woman.

Bio

Richelle is the leading expert and authority in building successful million dollar businesses. Richelle’s experience comes from building her first business to $36 million, losing it all after the 9/11 World Trade Center Tragedies, then, successfully rebuilding her million dollar company in approximately 5 months. As the only female African American public utility owner in the nation, Richelle has won local and national awards including Top Woman Entrepreneur of the Year 2010, Woman Marketer of the Year 2010 from Glazer-Kennedy Insider’s Circle of 20,000 members and Unstoppable Woman for the Women’s Leadership Counsel. She was named one of the Top 25 People to Follow on Twitter from Become Your Own Boss Network and one of the Top 10 African Americans to Follow on Twitter 2011 from Black Enterprise Magazine. She was also nominated for the GreenLeaf Award, Top 50 Collection Professionals and the Top 40 Under 40 when she was 27.
After writing the book, How to Build A Million Dollar Business in Las Vegas- Without the Casinos, Richelle set on a journey to help entrepreneurs build their own million dollar businesses. Since 2007, Richelle has successfully mentored over 12,140 men and women in her international coaching program designed to help take business ideas and make them a business reality.
Richelle’s first consulting client after writing her book, was an OB/GYN. Richelle resisted by saying, who wakes up and says, I can’t wait to go to the gynecologist? BUT, as an outsider Richelle was able to see things others didn’t. She created over 38 systems in his business to increase revenue from $384k to $1.2 million in 9 months.
Richelle is also a mentor for Make Mine A Million, an expert content contributor on multiple internet sites and featured in over 30 publications including Inc, Entrepreneur, Black Enterprise, Smart Money, plus the covers of Collection Advisor, Mom’s In Business and MOMEO Magazines.
June, 2012 Richelle became the President of the National Association for Moms In Business and is now the featured Money expert for Fox local affiliate MORE Show.

Her current book, The Million Dollar Equation is a best seller helping entrepreneurs reach the million dollar level and more.

Recent Answers

Entrepreneurship

(Physical product) How/when/why did you know your 1st, 2nd etc. successful business would scale and not only appeal to a few hundred paying customers?


Richelle Shaw

The $100 million woman.

I started my second business which was a pre-paid telephone service and products to credit challenged customers. To answer your question, after I researched to find that there was a market for my product, I also looked at is that market reachable? How would I be able to reach it effectively with my current limited budget. At that point, to be completely honest, I had no idea. BUT, I decided to give it a shot. I then, created partnerships that did not require any money. I partnered with a business who also targeted my specific market. I began selling my product and services to those clients without it costing me any money. I believe that big money should be used for investing in proven concepts so it is important that you do test and get some revenue as soon as possible. It will not only create a proven model, but will also prove it to yourself. I would love to answer any more questions for you if you would like to set up a call. Good Luck!

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MarketingEntrepreneurshipPublic SpeakingCoachingSmall BusinessStrategic PlanningNew Business DevelopmentPhysicians