Race and Entrepreneurial Success

Race and Entrepreneurial Success PDF Author: Robert W. Fairlie
Publisher: MIT Press
ISBN: 0262260670
Category : Business & Economics
Languages : en
Pages : 253

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Book Description
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.

Race and Entrepreneurial Success

Race and Entrepreneurial Success PDF Author: Robert W. Fairlie
Publisher: MIT Press
ISBN: 0262260670
Category : Business & Economics
Languages : en
Pages : 253

Get Book Here

Book Description
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.

Leapfrog

Leapfrog PDF Author: Nathalie Molina Niño
Publisher: Penguin
ISBN: 0525503927
Category : Business & Economics
Languages : en
Pages : 258

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Book Description
For women entrepreneurs (and anyone sick of the status quo), this smart, unapologetic collection delivers fifty proven hacks to leapfrog over obstacles and succeed in business. "A must-read for any woman who has a great idea and the nagging thought that doors are closed to her; Molina Niño helps to blow them open."--Publishers Weekly Think the most critical factor for becoming a great entrepreneur is grit, risk-taking, or technical skills? Think again. Despite what every other business book might say, historical data show the real secret ingredients to getting ahead in business are being rich, white, and male. Until now. Leapfrog is the decades-overdue startup bible for the rest of us. It's filled with uncompromising guidance for winning at business, your way. Leapfrog is for entrepreneurs of all stripes who are fed up with status quo advice--the kind that assumes you have rich friends and family and a public relations team. Refreshingly frank and witty, author Nathalie Molina Niño is a serial tech entrepreneur, the founder and CEO of BRAVA Investments, and a proud daughter of Latinx immigrants. While teaching budding entrepreneurs at Barnard College at Columbia University and searching the globe for investment-worthy startups, she has met or advised thousands of entrepreneurs who've gone from zero to scalable business. Here she shares their best secrets in the form of fifty "leapfrogs"--clever loopholes and shortcuts to outsmart, jump over, or straight up annihilate the seemingly intractable hurdles facing entrepreneurs who don't have family money, cultural capital, or connections.

Success Runs in Our Race

Success Runs in Our Race PDF Author: George C. Fraser
Publisher: Harper Collins
ISBN: 0061927023
Category : Business & Economics
Languages : en
Pages : 420

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Book Description
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.

Entrepreneurship and Self-Help among Black Americans

Entrepreneurship and Self-Help among Black Americans PDF Author: John Sibley Butler
Publisher: State University of New York Press
ISBN: 0791486044
Category : Social Science
Languages : en
Pages : 418

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Book Description
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.

Race and Retail

Race and Retail PDF Author: Mia Bay
Publisher: Rutgers University Press
ISBN: 0813575354
Category : Social Science
Languages : en
Pages : 487

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Book Description
Race has long shaped shopping experiences for many Americans. Retail exchanges and establishments have made headlines as flashpoints for conflict not only between blacks and whites, but also between whites, Mexicans, Asian Americans, and a wide variety of other ethnic groups, who have at times found themselves unwelcome at white-owned businesses. Race and Retail documents the extent to which retail establishments, both past and present, have often catered to specific ethnic and racial groups. Using an interdisciplinary approach, the original essays collected here explore selling and buying practices of nonwhite populations around the world and the barriers that shape these habits, such as racial discrimination, food deserts, and gentrification. The contributors highlight more contemporary issues by raising questions about how race informs business owners’ ideas about consumer demand, resulting in substandard quality and higher prices for minorities than in predominantly white neighborhoods. In a wide-ranging exploration of the subject, they also address revitalization and gentrification in South Korean and Latino neighborhoods in California, Arab and Turkish coffeehouses and hookah lounges in South Paterson, New Jersey, and tourist capoeira consumption in Brazil. Race and Retail illuminates the complex play of forces at work in racialized retail markets and the everyday impact of those forces on minority consumers. The essays demonstrate how past practice remains in force in subtle and not-so-subtle ways.

The Hour a Day Entrepreneur

The Hour a Day Entrepreneur PDF Author: Henry J. Evans
Publisher: Advantage Media Group
ISBN: 1599322951
Category : Business & Economics
Languages : en
Pages : 241

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Book Description
A guide to entrepreneurial freedom with only one focused hour a day, covering time management, marketing, business assets, and more.

The Entrepreneurs

The Entrepreneurs PDF Author: Kip Marlow
Publisher: Createspace Independent Publishing Platform
ISBN: 9781482023831
Category : Entrepreneurship
Languages : en
Pages : 0

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Book Description
What does it really take to become a successful entrepreneur? Just ask those who have succeeded. 'The Entrepreneurs: Success and Sacrifice' is author Kip Marlow's inspiring new book that gathers the success stories of small business owners who have transformed small businesses into highly lucrative enterprises through vision, persistence, and plenty of sweat. Culled from Marlow's interviews on his popular radio show, "Entrepreneurs Club Radio," this highly motivational collection is an invaluable learning tool for anyone who wants to get ahead in their own business. There's Scott Marincik, the founder of Solv-All cleaning products and services, who went from maxed-out credit cards to revenues in excess of one hundred million dollars. Or John Allin, founder of Snow Management Group and Snow Dragon Snowmelters, who turned the accumulation of snow into a sizable slush fund. Equally impressive is Cathy Horton, founder of Nutek & Renegade Brands, who developed green products that outpaced the leading brands. You'll also find stirring accounts such as the rags-to-riches tale of Diana Richards, founder of Vacuum Systems International, who went from near homelessness to cleaning up by way of an invaluable service for vacuum maintenance. In The Entrepreneurs, each featured businessperson tells his or her own story about starting and growing their businesses, while sharing the lessons they learned, the strategies they employed, and the secrets of their success. The book also expands upon the art of being flexible and changing when the market changes. In aggregate, these candid profiles paint a vivid picture of the characteristics and habits of the visionary risk-takers who shrug off nay-sayers and embrace the unsure waters of forging new businesses. Now more than ever, start-up companies are the key to a robust American economy. By taking cues from individuals who have overcome lean times, lack of support, and uncharted territory, others who aspire to launch or expand a small business will have the information and inspiration they need to hit the ground running and stay the course until they have turned potential into profit. With clarity, focus, and determination, anyone with a concept and some conviction can join the ranks of the entrepreneurs. Take it from the shining examples celebrated in this indispensable business book: There's plenty of room at the top! "A retired entrepreneur and business radio show host offers thumbnail profiles of entrepreneurs in an engaging format that makes for light, quick reading. Here the business-owner wannabe will read about 22 self-made men and women who overcame all sorts of odds to build their own successful companies. For instance, Scott Marincek developed an environmentally safe cleaning liquid in his mother's kitchen, turning it into a $100 million business. Arline Kneen got interested in business in her early 40s and today, at 96, she continues to work as an independent travel consultant. Each of these stories is a little nugget of encouragement for those with a burning desire to strike out on their own. The tales are cautionary as well: Many of the individuals speak candidly about facing widespread skepticism and starting seriously underfunded businesses. The commonality, however, is the entrepreneurs' passion to pursue their dreams and do whatever it takes to succeed. Readers looking for a do-it-yourself game plan will not find it here; rather, they'll get a taste of the trials and tribulations of successful people who forged their paths in diverse industries. -Kirkus Indie Review

The Family Edge

The Family Edge PDF Author: Gibb Dyer
Publisher: Abrams
ISBN: 1641702036
Category : Business & Economics
Languages : en
Pages : 244

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Book Description
What's the most important asset any entrepreneur or business owner needs to succeed? After more than thirty years consulting for Fortune 100 companies, international organizations, and family businesses around the world, Gibb Dyer confirms that the secret ingredient to business and entrepreneurial success is not an MBA from a great school, a fantastic marketing plan, or even a blue ocean strategy. It's access to three types of capital: financial, social, and human. Dyer's three decades worth of research and data conclude statistically that the most effective and successful entrepreneurs have immediate access to these three—all within their family. A groundbreaking book for any business owner, family business, or budding entrepreneur, The Family Edge provides clear evidence and powerful tools to help you leverage the asset you need but have probably not paid enough attention to: family capital.

The Entrepreneur's Success Kit

The Entrepreneur's Success Kit PDF Author: Kaleil Isaza Tuzman
Publisher: Macmillan
ISBN: 9780312329457
Category : Business & Economics
Languages : en
Pages : 184

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Book Description
Respected entrepreneur Tuzman has created a five-step lesson plan and spiritual guide to help readers create and grow their own businesses.

Minority Business Success

Minority Business Success PDF Author: Leonard Greenhalgh
Publisher: Stanford University Press
ISBN: 0804777470
Category : Business & Economics
Languages : en
Pages : 190

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Book Description
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.