June 12, 2005
Written by C.N.
Fresh on the heels of stories proclaiming that college-educated Asian American women make more than White women, as reported by The Arizona Republic, the Center for Women’s Business Research notes that the number of Asian women-owned small businesses have surged in recent years:
Nationally, the number of Asian women-owned businesses surged 69 percent between 1997 and 2004. That’s about twice as fast as other minority groups. Sales and employment also have soared. Meanwhile, overall business numbers grew 9 percent.
Asian women become entrepreneurs for the reasons others do: to boost their earnings potential, to balance work and home life or to pursue an idea, experts say. But the top reason is that they desire independence.
The article notes, and as I’ve found out in my own research on Asian American self-employment, there are a variety of reasons why Asian American men and women go into business for themselves. Some of it is opportunism, while others are of a last resort. Whatever the motivation, it’s encouraging to see Asian American women taking the initiative to work toward their success.
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Suggested reference: Le, C.N. . "Asian Women Small Businesses" Asian-Nation: The Landscape of Asian America. <http://www.asian-nation.org/headlines/2005/06/asian-women-small-businesses/> ().
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