Black female entrepreneurs are taking the entrepreneurial world by storm. From small businesses to large corporations, black women are creating jobs and opportunities for others.
In our recently published report titled "State of Black-Women Owned Businesses in 2022" we surveyed Black women entrepreneurs across the United States to understand the kind of business model they operate going by their reach, target audience, industry, location, company size as well as monthly contractor hire. These were the insights we gathered:
50% of Black women-owned businesses reported having businesses that have nation-wide reach
63% - the percentage of Black women-owned businesses that are business-to consumer
75% run e-commerce or online only businesses
50% have only one employee
31.3% hire at least one contractor per month
To get more detailed insights about the state of Business Models of Black women-owned businesses across the United States plus other key topics we cover in the report, you can download the full report for free today!