The surging growth of minority women-owned businesses in the last 15 years tells a mixed story about the American workforce.
Minority women-owned firms grew 156 percent from 1997 to 2013 and now account for one in three women-owned firms in the U.S., according to a 2013 report by American Express on the State of Women-Owned Businesses. In contrast, non-minority women-owned firms grew 32 percent during the same period.
Dr. Sharon Freeman writes a series of books to share gems of wisdom from different industries that are offered by the AASBEA. She also recommends the websites of the Minority Business Development Agency (MBDA), the SBA, and SCORE. But the best knowledge comes from the lessons learned by other entrepreneurs, Freeman says. “The secrets to success are not general, they’re specific,” she said.