The number of female Asian entrepreneurs is set to dramatically rise over the next few years, a new report suggests.
The latest London Annual Business Survey found that 8.9% of all London businesses are Asian-owned, and more than one in every ten of these firms is run by Asian women.
The survey results suggested that this percentage is likely to rise based on the findings that female business ownership amongst Asians increased by from 4% to 6% in 2004, then doubled to 12% in 2005.
“Asian women are often at the heart of family-operated businesses, but traditionally few have been entrepreneurs,” said Keith Gilbey of Business Link for London.
“The [survey] figures suggest that this traditional model is set to change with more and more women choosing to run their own business.”
Dr Shaheena Janjuha-Jivraj, senior lecturer at Brunel Business School agreed that the survey suggested increased potential for the level of women-owned Asian start-ups.
“We are likely to see a surge in female entrepreneurship within the Asian community in the future, as this group has a strong presence in educational achievement.
“Consequently, many of the younger female generation will look to create businesses on their terms and more importantly, with themselves at helm, rather than silently supporting their partners’ endeavours.”
© Crimson Business Ltd. 2007
