How do we Succeed in our Businesses?

Recent data on black and white-owned firms from the Current Population Survey, the American Community Survey, the Economic Census, and the Survey of Business Owners indicate
that there are systematic differences between white and black-owned entrepreneurial
new ventures with respect to growth rate, profitability and number of employees (SBA 2007). For example, the number of black-owned start-ups increased by 45.4 percent (the highest
percent increased compared to other ethnic groups) between 1997 and 2002 (SBA 2007). However, despite the impressive growth in the number of black-owned firms, they own only five percent of all U.S. firms with more than five employees (Fairlie and Robb 2008;Rogers et al. 2001). In addition, blackowned firms have the lowest four-year survival rate (35 percent) compared with a 48 percent average for all firms (Robb 2002).

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Start-up Motivations and Growth Intentions of
Minority Nascent Entrepreneursjsbm_291 174..196
by Linda F. Edelman, Candida G. Brush, Tatiana S. Manolova, and Patricia G. Greene