Report: Black Women Make Up 46 Percent of Black Entrepreneurs

Black Local and National News

by BA 63 Views

(Photo: YouTube) Women make up forty six percent of Black entrepreneurs, according to findings from the latest Small Business Trends report released by Guidant Financial. The report’s findings are based on the annual Small Business Trends survey conducted by the Small Business Trends Alliance (SBTA), a group of companies dedicated to supporting small business with data insights. The SBTA teamed up to conduct a joint survey of over 2,400 current and aspiring small business owners across the nation.Women make up 46 percent of Black entrepreneurs, one of the highest percentages of female small business owners of any segment.The plurality (33 percent) of surveyed Black small business owners had Bachelor’s degrees. The next most common level of education was Master’s degrees, at 26 percent.36 percent of Black entrepreneurs opened their business because they were ready to become their own boss. Twenty-four percent wanted to pursue their passion, 17 percent were inspired with a new business idea, and 17 percent were dissatisfied with corporate America.The plurality (42 percent) of Black entrepreneurs are very happy as small business owners.