Women who have migrated from India and other parts of world are one of the fastest growing segments of small business owners in the US.
Robert Fairlie, an economist observed that in the past three years, 310 of every 100,000 immigrant women created a business, in comparison against 220 of 100,000 native women. The reasons for initiating ones own business are for child rearing, to avoid barriers that come with traditional jobs or their skills do not translate well into Corporate America.
Small businesses make use of a little more than half of all US private-sector workers and these women are venturing their place in the economy as job creators. Immigrant women are prone to taking risks, stated Farhana Huq, of CEO Women, a San Francisco NGO that helps low-income immigrant women start businesses.
Thus, three trends are coming up across the US, the changing face of small business, the rise of personal business and the emergence of entrepreneurial education.
American entrepreneurship will reflect a huge upswing in the number of women. The glass ceiling that has limited women’s growth in traditional corporate career paths will send a rich talent pool to the small business sector.
