Friday, April 16, 2010

A Potential downfall for Black Business



One of the most important determinants of success in business is access to startup capital. That's true for all entrepreneurs, not just true for minority entrepreneurs [Startup capital] was the most important factor for determining why Asians do well in business, and it's the most important factor for why African-American businesses are not doing as well Wealth inequality is transferring into business performance inequality. The groups that seem to have a lot of wealth are able to start better capitalized, faster-growing firms that do well. The ethnic and racial groups that don't have that access to capital because of low wealth — they're struggling.


Race's Role in Startup Success. By: Blacks, John Tozzi, BusinessWeek Online, 9/15/2008


No comments:

Post a Comment