After reading an article from Black Enterprise covering a survey on female entrepreneurs, I figured it would be a good idea to inform my audience of the information presented.
Over 500 female entrepreneurs surveyed by the advocacy group Small Business Majority, revealing that women of color believe that access to birth control has a positive effect on achieving business success. According to the survey, “65% of African American and 64% of Latina small business owners say access to birth control, and the freedom to decide if and when to have children, has impacted their bottom lines as a business owner.”
The latest US Census numbers showed that “black female-owned businesses rose nearly 67% to 1.5 million in 2012 from 900,000 in 2007.” This growth rate is the fastest in any segment and shows the need for women to increase their time focusing on themselves and their business may be growing as well. Interestingly the belief in a need for birth control does differ among race as “the latest poll found most African American and Latina women say access to contraceptives helped them advance their education, whereas only half of the white women entrepreneurs” agree.
These numbers are not just for female entrepreneurs either, but for women in general. From a pure numbers perspective, women “of color who own small businesses feel strongly that access to birth control has allowed them to advance their career (71% of African American women and 69% of Latinas agree). In addition, some “62% of younger business owners and 56% of all respondents agree their ability to access birth control and to decide if and when to have children allowed them to advance in their career and start their business.”
Support for women in health is another big proponent of increasing revenue among female-led businesses and is something rarely discussed. In addition to investing financially in women, it appears investing in women’s health is another aspect very much needed to achieve success.