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| 1 minute read

The Future is Yours: Are You Ready to Build a Startup as an LGBTQ+ Founder?

Starting a business is a big step, and it can be even more daunting for members of the LGBTQ+ community. Despite progress in recent years, discrimination and prejudice can still be a reality for many LGBTQ+ entrepreneurs. However, this should not discourage anyone from pursuing their entrepreneurial dreams. In fact, starting a business can provide a unique opportunity for LGBTQ+ individuals to create a space for themselves and others in the community, and to build something truly meaningful and impactful.

Here are a few tips for LGBTQ+ individuals who are interested in launching a startup company:

  1. Find a supportive community: Joining an LGBTQ+ entrepreneur group, such as Out in Tech or StartOut, can provide valuable support, resources, and guidance. Having a network of like-minded individuals to turn to for advice and support can make all the difference.

  2. Identify your strengths and passions: Starting a business can be challenging, but it is much easier when you are doing something you are passionate about and have a clear understanding of what you are good at. Take some time to reflect on your skills, interests, and goals to determine the best business idea for you.

  3. Conduct market research: Before you launch your business, it is important to understand your target market and determine if there is a demand for your product or service. Research your competition and look for gaps in the market that you can fill.

  4. Build a solid business plan: A solid business plan will help you clarify your goals, target market, and revenue projections. It will also help you secure funding from investors and lenders.

  5. Seek out resources and funding: There are a growing number of resources and organizations that support LGBTQ+ entrepreneurs, including venture capital firms and business incubators such as Raleigh, North Carolina's, Seen: An LGBT+ Coworking Community. Take advantage of these resources and network with other LGBTQ+ entrepreneurs to find out about funding opportunities.

  6. Be authentic and proud: Don't be afraid to be yourself and be open about your identity as an LGBTQ+ entrepreneur. This can help you connect with other members of the community and build a loyal customer base.

Starting a business is never easy, but for LGBTQ+ individuals, it can provide a unique opportunity to create a positive impact in their communities and build something truly meaningful and impactful. With hard work, determination, and a supportive community, LGBTQ+ individuals have the potential to build successful startups and make a real difference in the world.

Signore plans to expand her operation this year, adding more services and expanding her network of nonprofits to partner with. She looks forward to giving back to her West Michigan LGBTQ community, in the same way it supported her when Lilith’s Lair was only an idea.


lgbt, entrepreneurship