Friday, July 25

Black Women Entrepreneurs On The Rise

by: April D. Byrd

We suppose the reports are just catching up with the facts because, Black Women have been taking charge for a while now. Over the last 17 years to be exact, according to a report by KTHV. An increasing number of minority women are starting businesses 6 times more than the national average. There are more than one million African-American female business owners in the U.S.

At this time the rise may be becoming too phenomenal to ignore. According to Bruce James Dean of Business at Philander Smith College: "As more and more African-American women obtain higher degree levels they are more likely to start their own business because they feel that they are better prepared to do so."

James issued that "one of the greater issues with not being successful for minorities and women in general is being under-capitalized when they start their business ventures". However, thanks in part to social online tools crowdfunding, millennials and minorities are overcoming the gap. One recent example is Demajali West, a young women who greatly exceeded a $17,000 Kickstarter campaign goal, for her original "hookie-do" trademark.  Many women still face obstacles in the work place dealing with double-standards, office politics, etc and have decided to take matters into their own hands.

A recent report released on the State of Black Women in 2014 revealed that black women led in labor participation rates, and were overwhelmingly likely to work, even as mothers of small children. Little Rock's KTHV, interviewed entrepreneur Cushina Scott  for a recent women's week segment,  Scott stated: " at the end of the day I'm all about women empowerment, she has everything, she can have everything. She can be what she wants to be."

We concur.

check out Scott's KTHV Interview below:

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