’Eric Collins is one of the most powerful business people in Britain.’ The Times
Eric Collins, host of The Money Maker, a new Channel 4 reality business show, started his career seeking venture capital investment back in the late nineties. Then, less than 1 per cent of the investable capital controlled by white fund managers was invested in Black entrepreneurs, and less than 4 per cent in female led companies. That number has not changed in over a generation. Which means that although women, especially Black women, make up the fastest growing entrepreneurial demographic, funding for the businesses they start is very limited.
At a time when half of Black households in the UK live in persistent poverty – over twice as many as their white counterparts – We Don’t Need Permission! argues that investing in Black and under-represented entrepreneurs in order to create successful businesses is the surest, fastest socio-economic gamechanger there is. Durable empowerment – from education to health outcomes – is key to solving the multiple problems that result from systemic racism and sexism. Durable empowerment can permanently close the inequality gaps that have hampered and continue to hinder Black people and women alike.
Covering twelve key principles of successful, transformative entrepreneurship, We Don’t Need Permission! reveals how it’s possible to change a system that has helped some, while holding others back. It’s time to stop waiting for someone else to give permission, Collins tells us, and start boldly making the world we want to see.