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Race and Entrepreneurial Success

Author: Robert W. Fairlie

Publisher: MIT Press

Published: 2010-08-13

Total Pages: 253

ISBN-13: 0262260670

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A comprehensive analysis of racial disparities and the determinants of entrepreneurial performance—in particular, why Asian-owned businesses on average perform relatively well and why black-owned businesses typically do not. Thirteen million people in the United States—roughly one in ten workers—own a business. And yet rates of business ownership among African Americans are much lower and have been so throughout the twentieth century. In addition, and perhaps more importantly, businesses owned by African Americans tend to have lower sales, fewer employees and smaller payrolls, lower profits, and higher closure rates. In contrast, Asian American-owned businesses tend to be more successful. In Race and Entrepreneurial Success, minority entrepreneurship authorities Robert Fairlie and Alicia Robb examine racial disparities in business performance. Drawing on the rarely used, restricted-access Characteristics of Business Owners (CBO) dataset compiled by the U.S. Census Bureau, Fairlie and Robb examine in particular why Asian-owned firms perform well in comparison to white-owned businesses and black-owned firms typically do not. They also explore the broader question of why some entrepreneurs are successful and others are not. After providing new comprehensive estimates of recent trends in minority business ownership and performance, the authors examine the importance of human capital, financial capital, and family business background in successful business ownership. They find that a high level of startup capital is the most important factor contributing to the success of Asian-owned businesses, and that the lack of startup money for black businesses (attributable to the fact that nearly half of all black families have less than $6,000 in total wealth) contributes to their relative lack of success. In addition, higher education levels among Asian business owners explain much of their success relative to both white- and African American-owned businesses. Finally, Fairlie and Robb find that black entrepreneurs have fewer opportunities than white entrepreneurs to acquire valuable pre-business work experience through working in family businesses.

Book Synopsis Race and Entrepreneurial Success by : Robert W. Fairlie

Download or read book Race and Entrepreneurial Success written by Robert W. Fairlie and published by MIT Press. This book was released on 2010-08-13 with total page 253 pages. Available in PDF, EPUB and Kindle. Book excerpt: A comprehensive analysis of racial disparities and the determinants of entrepreneurial performance—in particular, why Asian-owned businesses on average perform relatively well and why black-owned businesses typically do not. Thirteen million people in the United States—roughly one in ten workers—own a business. And yet rates of business ownership among African Americans are much lower and have been so throughout the twentieth century. In addition, and perhaps more importantly, businesses owned by African Americans tend to have lower sales, fewer employees and smaller payrolls, lower profits, and higher closure rates. In contrast, Asian American-owned businesses tend to be more successful. In Race and Entrepreneurial Success, minority entrepreneurship authorities Robert Fairlie and Alicia Robb examine racial disparities in business performance. Drawing on the rarely used, restricted-access Characteristics of Business Owners (CBO) dataset compiled by the U.S. Census Bureau, Fairlie and Robb examine in particular why Asian-owned firms perform well in comparison to white-owned businesses and black-owned firms typically do not. They also explore the broader question of why some entrepreneurs are successful and others are not. After providing new comprehensive estimates of recent trends in minority business ownership and performance, the authors examine the importance of human capital, financial capital, and family business background in successful business ownership. They find that a high level of startup capital is the most important factor contributing to the success of Asian-owned businesses, and that the lack of startup money for black businesses (attributable to the fact that nearly half of all black families have less than $6,000 in total wealth) contributes to their relative lack of success. In addition, higher education levels among Asian business owners explain much of their success relative to both white- and African American-owned businesses. Finally, Fairlie and Robb find that black entrepreneurs have fewer opportunities than white entrepreneurs to acquire valuable pre-business work experience through working in family businesses.

Minority Business Success

Author: Leonard Greenhalgh

Publisher: Stanford University Press

Published: 2011-02-28

Total Pages: 192

ISBN-13: 0804777470

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In Minority Business Success, authors Leonard Greenhalgh and James Lowry chart a path for the full participation of minority businesses in the U.S. economy. Today, minorities are well on their way to becoming the majority of our workforce and a large part of our entrepreneurial endeavors; their full contribution is essential to national competitive advantage in a global economy. The beginning of this book summarizes demographic changes in America and shows why it's in the national interest to foster the survival, prosperity, and growth of minority-owned businesses. The authors outline why these businesses are vital to the solution to our current economic woes. Next, the book turns to what minority firms must do to take their place in major value chains, and, finally, the book examines what governments, corporations, and support organizations ought to be doing to foster minority inclusion. In total, Greenhalgh and Lowry lay out a new paradigm for developing minority businesses so that they can fully contribute to our national competitive advantage and prosperity.

Book Synopsis Minority Business Success by : Leonard Greenhalgh

Download or read book Minority Business Success written by Leonard Greenhalgh and published by Stanford University Press. This book was released on 2011-02-28 with total page 192 pages. Available in PDF, EPUB and Kindle. Book excerpt: In Minority Business Success, authors Leonard Greenhalgh and James Lowry chart a path for the full participation of minority businesses in the U.S. economy. Today, minorities are well on their way to becoming the majority of our workforce and a large part of our entrepreneurial endeavors; their full contribution is essential to national competitive advantage in a global economy. The beginning of this book summarizes demographic changes in America and shows why it's in the national interest to foster the survival, prosperity, and growth of minority-owned businesses. The authors outline why these businesses are vital to the solution to our current economic woes. Next, the book turns to what minority firms must do to take their place in major value chains, and, finally, the book examines what governments, corporations, and support organizations ought to be doing to foster minority inclusion. In total, Greenhalgh and Lowry lay out a new paradigm for developing minority businesses so that they can fully contribute to our national competitive advantage and prosperity.

Race for Success

Author: George C. Fraser

Publisher: Harper Perennial

Published: 1999-02-01

Total Pages: 416

ISBN-13: 9780380729890

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Aims to help African Americans live well, earn more, and be successful in business by offering advice and information about careers and business trends

Book Synopsis Race for Success by : George C. Fraser

Download or read book Race for Success written by George C. Fraser and published by Harper Perennial. This book was released on 1999-02-01 with total page 416 pages. Available in PDF, EPUB and Kindle. Book excerpt: Aims to help African Americans live well, earn more, and be successful in business by offering advice and information about careers and business trends

Successful Black Entrepreneurs

Author: Steven S. Rogers

Publisher: John Wiley & Sons

Published: 2022-02-15

Total Pages: 359

ISBN-13: 1119806739

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Learn about the successes of Black entrepreneurs through a collection of unique case studies Successful Black Entrepreneurs is an insightful collection of Harvard Business School case studies about Black entrepreneurs succeeding in a variety of industries and through different routes, including start-ups, franchising, and acquisitions. The book also recognizes and celebrates Black entrepreneurial excellence, as it takes the reader through the stages of entrepreneurship, including ideation, raising capital, growing the company, and taking it public. In addition to identifying the positive aspects of Black entrepreneurship, the book also uses data, research, and anecdotes to highlight the challenges faced by Black entrepreneurs, including: An inability to access capital from traditional financial institutions like banks and private equity firms The requirement to practice “racial concealment” in the company of White customers in order to achieve success Perfect for students, aspiring entrepreneurs, and established business leaders, Successful Black Entrepreneurs provides practical perspectives from Black entrepreneurs about what it takes to succeed in business.

Book Synopsis Successful Black Entrepreneurs by : Steven S. Rogers

Download or read book Successful Black Entrepreneurs written by Steven S. Rogers and published by John Wiley & Sons. This book was released on 2022-02-15 with total page 359 pages. Available in PDF, EPUB and Kindle. Book excerpt: Learn about the successes of Black entrepreneurs through a collection of unique case studies Successful Black Entrepreneurs is an insightful collection of Harvard Business School case studies about Black entrepreneurs succeeding in a variety of industries and through different routes, including start-ups, franchising, and acquisitions. The book also recognizes and celebrates Black entrepreneurial excellence, as it takes the reader through the stages of entrepreneurship, including ideation, raising capital, growing the company, and taking it public. In addition to identifying the positive aspects of Black entrepreneurship, the book also uses data, research, and anecdotes to highlight the challenges faced by Black entrepreneurs, including: An inability to access capital from traditional financial institutions like banks and private equity firms The requirement to practice “racial concealment” in the company of White customers in order to achieve success Perfect for students, aspiring entrepreneurs, and established business leaders, Successful Black Entrepreneurs provides practical perspectives from Black entrepreneurs about what it takes to succeed in business.

Black Wealth

Author: Robert L. Wallace

Publisher:

Published: 2000-05-04

Total Pages: 312

ISBN-13:

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Geared to African Americans who want to achieve wealth through entrepreneurship, this book opens with extensive statistics on black wealth and offers case studies of approximately 10 entrepreneurs and how they overcame obstacles in their businesses.

Book Synopsis Black Wealth by : Robert L. Wallace

Download or read book Black Wealth written by Robert L. Wallace and published by . This book was released on 2000-05-04 with total page 312 pages. Available in PDF, EPUB and Kindle. Book excerpt: Geared to African Americans who want to achieve wealth through entrepreneurship, this book opens with extensive statistics on black wealth and offers case studies of approximately 10 entrepreneurs and how they overcame obstacles in their businesses.

Entrepreneurship and Self-Help among Black Americans

Author: John Sibley Butler

Publisher: State University of New York Press

Published: 2012-02-01

Total Pages: 418

ISBN-13: 0791486044

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Since its publication in 1991, Entrepreneurship and Self-Help among Black Americans has become a classic work, influencing the study of entrepreneurship and, more importantly, revitalizing a research tradition that places new ventures at the very center of success for black Americans. This revised edition updates and enhances the work by bringing it into the twenty-first century. John Sibley Butler traces the development of black enterprises and other community organizations among black Americans from before the Civil War to the present. He compares these efforts to other strong traditions of self-help among groups such as Japanese Americans, Jewish Americans, Greek Americans, and exciting new research on the Amish and the Pakistani. He also explores how higher education is already a valued tradition among black self-help groups—such that today their offspring are more likely to be third and fourth generation college graduates. Butler effectively challenges the myth that nothing can be done to salvage America's underclass without a massive infusion of public dollars, and offers a fresh perspective on those community based organizations and individuals who act to solve local social and economic problems.

Book Synopsis Entrepreneurship and Self-Help among Black Americans by : John Sibley Butler

Download or read book Entrepreneurship and Self-Help among Black Americans written by John Sibley Butler and published by State University of New York Press. This book was released on 2012-02-01 with total page 418 pages. Available in PDF, EPUB and Kindle. Book excerpt: Since its publication in 1991, Entrepreneurship and Self-Help among Black Americans has become a classic work, influencing the study of entrepreneurship and, more importantly, revitalizing a research tradition that places new ventures at the very center of success for black Americans. This revised edition updates and enhances the work by bringing it into the twenty-first century. John Sibley Butler traces the development of black enterprises and other community organizations among black Americans from before the Civil War to the present. He compares these efforts to other strong traditions of self-help among groups such as Japanese Americans, Jewish Americans, Greek Americans, and exciting new research on the Amish and the Pakistani. He also explores how higher education is already a valued tradition among black self-help groups—such that today their offspring are more likely to be third and fourth generation college graduates. Butler effectively challenges the myth that nothing can be done to salvage America's underclass without a massive infusion of public dollars, and offers a fresh perspective on those community based organizations and individuals who act to solve local social and economic problems.

Women Entrepreneurs Across Racial Lines

Author: Andrea Smith-Hunter

Publisher: Edward Elgar Publishing

Published: 2006-01-01

Total Pages: 272

ISBN-13: 1847201822

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One of the strengths of this book lies in the admirable literature reviews throughout the volume. The authors reviews vast amounts of literature on women entrepreneurs, and more specifically, studies involving women minority entrepreneurs. The nature of this task should not be underestimated, given the ever-expanding academic field of entrepreneurship and women s entrepreneurship in particular. I read this book as an academic, and would argue that it is of most use for academics (students and professors), and provides an up-to-date and well-researched portrait of women entrepreneurs in the USA and beyond. . . this book fills an important gap in the literature, not only because there is a growing population of women entrepreneurs, but also because of the growing number of minority women entering entrepreneurship. Jodyanne Kirkwood, Women in Management Review This book serves an important purpose. It draws attention to the need for further research on ethnic minority women entrepreneurs. Anne de Bruin, International Small Business Journal This monograph provides a very comprehensive study of women entrepreneurs in the US and in many industrialized and developing countries. . . Recommended. General readers; all levels of students; faculty and professionals. E.P. Hoffman, Choice In this book Andrea E. Smith-Hunter interweaves quantitative findings with qualitative depth, resulting in an informative and objective report of explanatory variables, differences and similarities among women entrepreneurs from unlike racial backgrounds. Among others, she develops models of human capital dimensions, network structures, and entrepreneurial success. Léo-Paul Dana, Journal of International Entrepreneurship Women entrepreneurs command an increasingly large presence at the international and national levels. A significant part of this impact is due to growing numbers of minority women becoming entrepreneurs. This volume provides some of the most comprehensive data to date on the topic of women entrepreneurs across racial lines. It offers a systematic and conceptual framework for understanding issues of network structures and human and financial capital, analyzed through a comparative analysis of minority and white women entrepreneurs. The book begins by looking at the historical and current contributions of women in the labor market, as well as literature related to women entrepreneurs. Subsequent chapters take a critical and in-depth look at white and minority entrepreneurs. Later chapters examine the status of women entrepreneurs in the US, followed by various analyses of their position in the global marketplace. The book concludes with a set of action tools to aid women entrepreneurs as they navigate the road to economic success. Through a well-chosen sample, rich analysis and insightful accounts, Andrea E. Smith-Hunter compellingly details the challenges and opportunities faced by women entrepreneurs in today s marketplace. Government agencies, researchers, entrepreneurs and those involved with the financial aspects of entrepreneurial ventures will find this volume of great interest.

Book Synopsis Women Entrepreneurs Across Racial Lines by : Andrea Smith-Hunter

Download or read book Women Entrepreneurs Across Racial Lines written by Andrea Smith-Hunter and published by Edward Elgar Publishing. This book was released on 2006-01-01 with total page 272 pages. Available in PDF, EPUB and Kindle. Book excerpt: One of the strengths of this book lies in the admirable literature reviews throughout the volume. The authors reviews vast amounts of literature on women entrepreneurs, and more specifically, studies involving women minority entrepreneurs. The nature of this task should not be underestimated, given the ever-expanding academic field of entrepreneurship and women s entrepreneurship in particular. I read this book as an academic, and would argue that it is of most use for academics (students and professors), and provides an up-to-date and well-researched portrait of women entrepreneurs in the USA and beyond. . . this book fills an important gap in the literature, not only because there is a growing population of women entrepreneurs, but also because of the growing number of minority women entering entrepreneurship. Jodyanne Kirkwood, Women in Management Review This book serves an important purpose. It draws attention to the need for further research on ethnic minority women entrepreneurs. Anne de Bruin, International Small Business Journal This monograph provides a very comprehensive study of women entrepreneurs in the US and in many industrialized and developing countries. . . Recommended. General readers; all levels of students; faculty and professionals. E.P. Hoffman, Choice In this book Andrea E. Smith-Hunter interweaves quantitative findings with qualitative depth, resulting in an informative and objective report of explanatory variables, differences and similarities among women entrepreneurs from unlike racial backgrounds. Among others, she develops models of human capital dimensions, network structures, and entrepreneurial success. Léo-Paul Dana, Journal of International Entrepreneurship Women entrepreneurs command an increasingly large presence at the international and national levels. A significant part of this impact is due to growing numbers of minority women becoming entrepreneurs. This volume provides some of the most comprehensive data to date on the topic of women entrepreneurs across racial lines. It offers a systematic and conceptual framework for understanding issues of network structures and human and financial capital, analyzed through a comparative analysis of minority and white women entrepreneurs. The book begins by looking at the historical and current contributions of women in the labor market, as well as literature related to women entrepreneurs. Subsequent chapters take a critical and in-depth look at white and minority entrepreneurs. Later chapters examine the status of women entrepreneurs in the US, followed by various analyses of their position in the global marketplace. The book concludes with a set of action tools to aid women entrepreneurs as they navigate the road to economic success. Through a well-chosen sample, rich analysis and insightful accounts, Andrea E. Smith-Hunter compellingly details the challenges and opportunities faced by women entrepreneurs in today s marketplace. Government agencies, researchers, entrepreneurs and those involved with the financial aspects of entrepreneurial ventures will find this volume of great interest.

Success Runs in Our Race

Author: George C. Fraser

Publisher: Harper Collins

Published: 2009-05-05

Total Pages: 416

ISBN-13: 0061927023

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A completely updated and revised edition of a bestselling book that has helped tens of thousands of people learn how to network effectively, Success Runs in Our Race is more important than ever in this fluctuating economy. With scores of anecdotes taken from interviews with successful African Americans -- from Keith Clinkscales, founder and former CEO of Vanguarde Media, to Oprah Winfrey -- Fraser shows how to network for information, for influence, and for resources. Readers will learn, among other things, how to cultivate valuable listening skills, which conferences blacks are most likely to attend when looking to build their business network, and how to effectively circulate a résumé. More than a guide for personal achievement, this is an information-packed bible of networking that also seeks to inspire a social movement and a rebirth of the "Underground Railroad," in which successful African Americans share the lessons of self-determination and empowerment with those still struggling to scale the ladder of success.

Book Synopsis Success Runs in Our Race by : George C. Fraser

Download or read book Success Runs in Our Race written by George C. Fraser and published by Harper Collins. This book was released on 2009-05-05 with total page 416 pages. Available in PDF, EPUB and Kindle. Book excerpt: A completely updated and revised edition of a bestselling book that has helped tens of thousands of people learn how to network effectively, Success Runs in Our Race is more important than ever in this fluctuating economy. With scores of anecdotes taken from interviews with successful African Americans -- from Keith Clinkscales, founder and former CEO of Vanguarde Media, to Oprah Winfrey -- Fraser shows how to network for information, for influence, and for resources. Readers will learn, among other things, how to cultivate valuable listening skills, which conferences blacks are most likely to attend when looking to build their business network, and how to effectively circulate a résumé. More than a guide for personal achievement, this is an information-packed bible of networking that also seeks to inspire a social movement and a rebirth of the "Underground Railroad," in which successful African Americans share the lessons of self-determination and empowerment with those still struggling to scale the ladder of success.

Entrepreneurs and the Search for the American Dream

Author: Zulema Valdez

Publisher: Routledge

Published: 2015-12-08

Total Pages: 62

ISBN-13: 1317413296

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The book's central focus explores several "myths" associated with American entrepreneurship: the idea that small business owners are "job creators"; that entrepreneurs are the "backbone" or "engine" of the economy; that entrepreneurship provides a path of economic mobility for immigrants, ethnic and racial minorities, and women; that the Horatio Algiers "rags to riches" story is possible for anyone willing to work hard. Instead, I provide a critical perspective that challenges these myths of American enterprise, arguing that successful entrepreneurship requires access to social and economic capital resources and support that are often distributed along the lines of race, class, and gender in the highly stratified American economy and society.

Book Synopsis Entrepreneurs and the Search for the American Dream by : Zulema Valdez

Download or read book Entrepreneurs and the Search for the American Dream written by Zulema Valdez and published by Routledge. This book was released on 2015-12-08 with total page 62 pages. Available in PDF, EPUB and Kindle. Book excerpt: The book's central focus explores several "myths" associated with American entrepreneurship: the idea that small business owners are "job creators"; that entrepreneurs are the "backbone" or "engine" of the economy; that entrepreneurship provides a path of economic mobility for immigrants, ethnic and racial minorities, and women; that the Horatio Algiers "rags to riches" story is possible for anyone willing to work hard. Instead, I provide a critical perspective that challenges these myths of American enterprise, arguing that successful entrepreneurship requires access to social and economic capital resources and support that are often distributed along the lines of race, class, and gender in the highly stratified American economy and society.