The big increase among women
Between 2007 and 2012, the number of women-owned businesses in the U.S. increased by 27.5 percent. When those numbers are broken down by ethnic group the numbers become even more impressive. For example: (numbers based on period 2007 - 2012)
- White women-owned businesses - increased 10 percent
- Asian women-owned businesses - increased 44 percent
- Black women-owned businesses - increased 65 percent
- Hispanic women-owned businesses - increased 87 percent
The reasons vary from minority women forced to create their own businesses in order to survive in a recession, to supplementing the family income, or women who just have a stronger desire to become entrepreneurs. The bottom line is that the reasons are not as important as the resulting numbers. Women-owned businesses are here to stay, and eventually take over.
Read more at money.cnn.com/2015/08/19/smallbusiness/minority-women-entrepreneur/