The number of women-owned businesses grew by 74% between 1997 and 2015–a rate that’s 1.5 times the national average, according to the recently published 2015 State of Women-Owned Businesses Report commissioned by American Express Open. Women now own 30% of all businesses in the U.S., accounting for some 9.4 million firms.
Women are proving every day that we have the ability to do anything we set our minds to achieve. I got a chance to speak with a pioneering woman; Charmaine Nichelle C.E.O of XoXo Kalani to hear why she choose entrepreneurship.
1. Why do you think Black Women are the fasting growing group of entrepreneurs?
I personally became an entrepreneur in order to pursue my innovative desires. It is such a great blessing to have the ability to be a stay-at-home mom, but in my case, that just wasn’t enough. I have to stay busy. My mind is always working and I am constantly coming up with solutions to needs that I have as a stay-at-home mom and as a consumer. Perhaps many of the other women of color, entrepreneurs, are like me and simply want to get paid for their creative ideas and turn them into lucrative businesses. The ability to create your own schedule is also extremely appealing to women like me because we already have so much going on, so being able to run your business on your time, make money, and still run the show at home is for me a win-win.
Continue reading “Woman Entrepreneur Spotlight w/ XoXo Kalani”
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