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Women share biz barriers
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April 29, 1998: 2:33 p.m. ET
New survey shows some must climb more hurdles to become entrepreneurs
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NEW YORK (CNNfn) - Despite the fact that women entrepreneurs make up one of the fastest-growing segments of the economy, a new survey shows they are still likely to face greater barriers than their male counterparts.
According to a survey released this week by the National Foundation for Women Business Owners, African-American women are confronted with unique challenges that make it more difficult to become entrepreneurs.
The survey shows less than 50 percent of African-American women have bank credit compared to 60 percent of white women.
African- and Native-American women business owners were also more likely to have been turned down for a loan when starting a business.
Black and Hispanic women also said they were very concerned about their ability to keep up with rapidly changing technology.
Despite all those challenges, however, a majority of women in all ethnic groups said if they had to do it all over again, they would still become entrepreneurs.
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