There was a single released in the early 90's called "On the Way Up".
It was by a female singer and the chorus went something like:

"I'm on the way up
Got it all together
...
Tell me what you think about that."

The video clip showed the singer dancing in a red dress.

So, who's the singer, and what's the album?

Hello,

Here's what I found when searcing for information about the song "On
the Way Up".

The singer is Elisa Fiorillo and the album is titled "I Am".

Helpful Link(s):
NPG Music Club
http://www.npgmusicclub.com/npgmc/features/discography/relatedsingles/onthewayup.html

Elisa Fiorillo Home Page
http://www.elisafiorillo.com/music.htm
** Click on the link for the song "On the Way Up" near the bottom of
the page on the above link - you have to save it to disk and manually
rename the file as an .rm file, it tries to open it as a .txt file if
left to it's own devices. I listened to the song and it has all the
lyrics you listed in your question. The single was released in 1990.
**

Google Search Term(s):
"On the way up" +single +"Elisa Fiorillo"

Resulting Google Search URL:
://www.google.com/search?hl=en&lr=&ie=UTF8&oe=UTF8&q=%22On+the+way+up%22+%2Bsingle+%2B%22Elisa+Fiorillo%22&btnG=Google+Search

I hope this answers if satisfactory, if you have any questions at all
or need any clarification feel free to ask and I'll get back to you as
soon as I am able! Also, as always, feel free to rate this answer.

Regards,
Dandrick-ga

Fantastic. Fast, comprehensive, and right! What more can you ask for?