Sacrifice and Risk: The Journey of an Entrepreneur

Kathy's journey from being the only woman of color in her field to revolutionizing radio is marked by resilience and innovation. She overcame financial challenges, created the successful Quiet Storm format, and built a media empire. Her story highlights the importance of perseverance, finding market gaps, and the power of community support.

What was a significant challenge Kathy faced as she pursued her entrepreneurial dreams?

• Lack of support from family

• Difficulty in finding investors

• Being the only woman of color in her field

• Inability to secure a radio station

What was the name of the successful radio format Kathy created at Howard University?

• FM Fusion

• Radio Revolution

• Quiet Storm

• Urban Beat

How did Kathy contribute to the rise of FM radio?

• By creating a popular AM radio show

• By developing a successful FM radio format

• By investing in FM radio stations

• By promoting FM radio through advertisements

What drastic measure did Kathy take to keep her radio station running?

• She borrowed money from friends

• She sold her house

• She moved into the radio station

• She took a second job

What did Kathy's lenders suggest she do to make her radio station more affordable?

• Reduce broadcasting hours

• Sell the station

• Hire more staff

• Switch back to a music format

What is one key insight Kathy shares about the entrepreneurial journey?

• Focus only on short-term goals

• Be ready and resourceful

• Rely solely on personal savings

• Avoid taking risks

According to Kathy, what is often a responsive way to raise capital?

• Crowdfunding

• Family and friends

• Venture capital

• Bank loans