{"id":2127,"date":"2016-02-24T20:50:20","date_gmt":"2016-02-24T20:50:20","guid":{"rendered":"http:\/\/www.firstfinancialsecurity.com\/?p=2127"},"modified":"2020-09-28T16:21:34","modified_gmt":"2020-09-28T16:21:34","slug":"minority-women-business-ownership","status":"publish","type":"post","link":"https:\/\/agents.firstfinancialsecurity.com\/FFSBB\/2016\/02\/24\/minority-women-business-ownership\/","title":{"rendered":"Business Ownership Increases for Minority Women"},"content":{"rendered":"<h3>When sources of traditional employment dry up, minority women turn to building their own successful businesses.<\/h3>\n<p>Nearly 10 years after the Great Recession rocked the world, the global economy is still unsettled. Unemployment has declined, but people have found very different types of work situations rising in its place. There are the underemployed \u2013 people working in jobs for less pay than they previously were paid and in positions far below their skill levels \u2013 and the contract laborers \u2013 people working in jobs with a finite timeframe and without benefits.<\/p>\n<p>Is it any wonder that Americans, especially minority women, are turning to <a href=\"https:\/\/www.youtube.com\/watch?v=dDqD0vAc1O8\" target=\"_blank\" rel=\"noopener noreferrer\">starting their own businesses<\/a> to meet their financial needs now and for the future?<\/p>\n<p><a href=\"http:\/\/www.firstfinancialsecurity.com\/wp-content\/uploads\/2016\/02\/Women-in-Financial-Services-Minority-Women-Business-Owners-First-Financial-Security.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-2135 alignleft\" src=\"http:\/\/www.firstfinancialsecurity.com\/wp-content\/uploads\/2016\/02\/Women-in-Financial-Services-Minority-Women-Business-Owners-First-Financial-Security-1024x683.jpg\" alt=\"Hispanic, African American and Latina Women Business owners through First Financial Security, Inc.\" width=\"386\" height=\"258\" srcset=\"https:\/\/agents.firstfinancialsecurity.com\/FFSBB\/wp-content\/uploads\/2016\/02\/Women-in-Financial-Services-Minority-Women-Business-Owners-First-Financial-Security-1024x683.jpg 1024w, https:\/\/agents.firstfinancialsecurity.com\/FFSBB\/wp-content\/uploads\/2016\/02\/Women-in-Financial-Services-Minority-Women-Business-Owners-First-Financial-Security-scaled-600x400.jpg 600w, https:\/\/agents.firstfinancialsecurity.com\/FFSBB\/wp-content\/uploads\/2016\/02\/Women-in-Financial-Services-Minority-Women-Business-Owners-First-Financial-Security-300x200.jpg 300w, https:\/\/agents.firstfinancialsecurity.com\/FFSBB\/wp-content\/uploads\/2016\/02\/Women-in-Financial-Services-Minority-Women-Business-Owners-First-Financial-Security-768x512.jpg 768w, https:\/\/agents.firstfinancialsecurity.com\/FFSBB\/wp-content\/uploads\/2016\/02\/Women-in-Financial-Services-Minority-Women-Business-Owners-First-Financial-Security-1536x1024.jpg 1536w, https:\/\/agents.firstfinancialsecurity.com\/FFSBB\/wp-content\/uploads\/2016\/02\/Women-in-Financial-Services-Minority-Women-Business-Owners-First-Financial-Security-2048x1366.jpg 2048w\" sizes=\"auto, (max-width: 386px) 100vw, 386px\" \/><\/a>Entrepreneurialism has been on the rise since 2008. Nowhere is that more evident than with minority women business owners. The Center for Women\u2019s Business Research found that the number of Hispanic and African-American female entrepreneurs is growing at rates of 133.3% and 191.4% respectively across the country.<sup>1<\/sup> While Asian-American women have not seen the growth rates of their counterparts, they still experienced a \u201c44% increase in business ownership from 2007 to 2012, particularly in California.\u201d<sup>2<\/sup><\/p>\n<p><a href=\"http:\/\/www.firstfinancialsecurity.com\/\">First Financial Security\u2019s<\/a> empowering <a href=\"http:\/\/www.firstfinancialsecurity.com\/about-first-financial-security\/ffs-opportunity\/\">entrepreneurial opportunity<\/a> has helped hundreds of minority women, including African-Americans, Asian-Americans and Latinas, start their own successful FFS businesses. These new entrepreneurs value the importance of providing clients not just with products, but also with the financial education to understand how money works.<\/p>\n<p>These First Financial Security associates are leveraging LiSA Initiative\u2019s <a href=\"http:\/\/www.lisainitiative.com\/it-takes-a-village\/\">financial literacy curriculum<\/a> to bring financial education to their communities. <a href=\"http:\/\/www.lisainitiative.com\/\" target=\"_blank\" rel=\"noopener noreferrer\">LiSA Initiative<\/a>, created and sponsored by First Financial Security, seeks to inform, educate and empower all women to take control of their financial futures and build successful businesses that will help them achieve financial security.<\/p>\n<p>First Financial Security\u2019s business model is a good fit for women without the means to purchase a franchise or sustain a small business. An FFS entrepreneurial business requires nominal, upfront capital, and there\u2019s no inventory to buy or stock.<\/p>\n<p>Through its campaign to <a href=\"http:\/\/www.firstfinancialsecurity.com\/about-first-financial-security\/changing-the-face-of-insurance\/\">change the face of insurance<\/a>, First Financial Security, Inc., is dedicated to bringing diversity and innovation to the financial services industry. First Financial Security has found that the best way to get financial education and innovative products to underserved communities is through women and men reaching out and connecting with their families, friends and neighbors \u2013 in their own communities. At the same time they\u2019re helping other families achieve financial security and peace of mind, they\u2019re doing the same for their own families.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignright wp-image-2139 size-medium\" src=\"http:\/\/www.firstfinancialsecurity.com\/wp-content\/uploads\/2016\/02\/Minority-Women-Entrepreneurs-Women-of-Color-Who-Own-Businesses-Changing-the-Face-of-Insurance-First-Financial-Security-Inc.-300x200.jpg\" alt=\"Minority Women Entrepreneurs Women of Color Who Own Businesses Changing the Face of Insurance First Financial Security, Inc.\" width=\"300\" height=\"200\" srcset=\"https:\/\/agents.firstfinancialsecurity.com\/FFSBB\/wp-content\/uploads\/2016\/02\/Minority-Women-Entrepreneurs-Women-of-Color-Who-Own-Businesses-Changing-the-Face-of-Insurance-First-Financial-Security-Inc.-300x200.jpg 300w, https:\/\/agents.firstfinancialsecurity.com\/FFSBB\/wp-content\/uploads\/2016\/02\/Minority-Women-Entrepreneurs-Women-of-Color-Who-Own-Businesses-Changing-the-Face-of-Insurance-First-Financial-Security-Inc.-scaled-600x400.jpg 600w, https:\/\/agents.firstfinancialsecurity.com\/FFSBB\/wp-content\/uploads\/2016\/02\/Minority-Women-Entrepreneurs-Women-of-Color-Who-Own-Businesses-Changing-the-Face-of-Insurance-First-Financial-Security-Inc.-1024x683.jpg 1024w, https:\/\/agents.firstfinancialsecurity.com\/FFSBB\/wp-content\/uploads\/2016\/02\/Minority-Women-Entrepreneurs-Women-of-Color-Who-Own-Businesses-Changing-the-Face-of-Insurance-First-Financial-Security-Inc.-768x512.jpg 768w, https:\/\/agents.firstfinancialsecurity.com\/FFSBB\/wp-content\/uploads\/2016\/02\/Minority-Women-Entrepreneurs-Women-of-Color-Who-Own-Businesses-Changing-the-Face-of-Insurance-First-Financial-Security-Inc.-1536x1024.jpg 1536w, https:\/\/agents.firstfinancialsecurity.com\/FFSBB\/wp-content\/uploads\/2016\/02\/Minority-Women-Entrepreneurs-Women-of-Color-Who-Own-Businesses-Changing-the-Face-of-Insurance-First-Financial-Security-Inc.-2048x1365.jpg 2048w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/>Want to read more? <a href=\"http:\/\/www.financialsecurityfirst.com\/2016\/02\/24\/business-ownership-grows-for-minority-women\/\" target=\"_blank\" rel=\"noopener noreferrer\">Click here.<\/a><\/p>\n<p>&nbsp;<\/p>\n<p><sup>1<\/sup> Meghan Casserly. \u201cMinority Women Entrepreneurs: Go-getters without Resources.\u201d Forbes.com &gt; Entrepreneurs. Aug. 28, 2013. <a href=\"http:\/\/www.forbes.com\/sites\/meghancasserly\/2013\/08\/28\/minority-women-entrepreneurs-go-getters-without-resources\/#5f77e1d84a22\">http:\/\/www.forbes.com\/sites\/meghancasserly\/2013\/08\/28\/minority-women-entrepreneurs-go-getters-without-resources\/#5f77e1d84a22<\/a><\/p>\n<p><sup>2 <\/sup>Tanzina Vega. \u201cU.S. Sees Big Spike in Black and Hispanic Women Entrepreneurs.\u201d CNNMoney &gt; American Opportunity. Aug. 29, 2015. <a href=\"http:\/\/money.cnn.com\/2015\/08\/19\/smallbusiness\/minority-women-entrepreneur\/\">http:\/\/money.cnn.com\/2015\/08\/19\/smallbusiness\/minority-women-entrepreneur\/<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>When sources of traditional employment dry up, minority women turn to building their own successful businesses. Nearly 10 years after [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":6521,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[62],"tags":[58,108,90,109,63],"class_list":["post-2127","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ffs-news","tag-business-opportunity","tag-business-ownership","tag-changing-the-face-of-insurance","tag-entrepreneurship","tag-the-ffs-opportunity"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\r\n<title>First Financial Security, Inc. | Minority Women in Business<\/title>\r\n<meta name=\"description\" content=\"When sources of traditional employment dry up, women, especially minority women, turn to building and owning their own businesses.\" \/>\r\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, 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