Gender Inequality Led to the Rise of Women Entrepreneurs
Monday, April 15, 2019
The fastest-growing segment of start-up companies are women-owned businesses, with businesses owned by black women have a larger share of black-owned businesses than white women have in white-owned businesses (Inman, 2016).
Why has there been such an increase in women entrepreneurs, particularly women of color? Many women start their own businesses in order to break free from social constraints (Goffee & Scase, 2015). By being business owners, women can achieve financial independence without relying on the status quo. In addition, when a woman runs her own business, she has a reduced chance of being harassed or attacked. She is able to have more control and influence over what happens in her life–which is the definition of power and independence.