Most Americans have received a stimulus check at one point or another in the last year or so when the Covid-19 pandemic started in 2020. What exactly have you done with that money? Most have used it to pay off some bills. Some may have used it to save up for a much needed vacation. Other's like my husband & myself have used it to invest in stocks or you could be just like this single mom who turned her $1,200 into a MILLION dollar business...
From Black Enterprise:
Millennial mom Ellie Diop used her $1200 stimulus check as capital to start her coaching business. Ten months later, her business hit the seven-figure revenue mark, Business Insider reports.
“I leveraged my experience in the corporate world to get started,” Diop toldBusiness Insider. “I spent 45 days scrolling through Instagram every day, researching, following hashtags, before making my first post. It is important to look at who is having success in the field, analyze what they are doing that is working, and identify which needs they are not meeting.”
From Stimulus Check to Seven Figure Business
In 2019, Diop was laid off from her job. After applying to over 50 jobs and seeing no progress, she realized it was time to take full ownership of her career to support her family.
Unfortunately, the pandemic made job hunting even more challenging. After a year of being unemployed, Diop flirted with the idea of entrepreneurship. Managing a family on top of funding startup costs seemed impossible during a pandemic.
Fortunately, the Coronavirus Aid, Relief, and Economic Security Act (CARES ACT)provided relief that helped millions of families cope during the pandemic: stimulus checks. This financial boost was exactly what Diop needed to invest in her business.