The Booming Trend For Women
Sidepreneurs” is a new term to me, but it’s getting traction in the realm of female entrepreneurs.
For the first time, the annual American Express report on women-owned businesses in America looked at “sidepreneurs,” part-time entrepreneurs who work fewer than 20 hours per week on their businesses. What it found was pretty stunning.
The 2019 State of Women-Owned Business Report said the growth rate of sidepreneurship for women between 2014 and 2019 has been far greater than for all women-owned businesses: 39% vs. 21%.
The Growth of Sidepreneurship for Women
It’s also been stronger than for all adult sidepreneurs (32%). And it was twice as high for minority women-owned businesses than all sidepreneur businesses (65%). By far, the highest growth rate in the number of sidepreneur ventures has been among African-American women — triple that for all businesses.