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- W1528109745 abstract "Certain barriers limit access to capital and industry markets as well as access to skills and work experience that facilitate proper business development and sustainability. Merely starting up a business does not mean it will fare well and lead to sustainable self-employment. Notwithstanding an unmistakable boost in minority business start-ups and the fact that entrepreneurial activity is fifty percent greater among black Americans as compared to whites, black-owned firms have lower survival rates than nonminority firms. A contributing cause of this disparity has been, and continues to be, connected to the barriers and challenges rooted in our nation’s not-long-past racial-caste system and oppression of blacks. Inequity between the races has created a social condition that directly affects an entrepreneur’s access to social capital, which is vital to the successful emergence and continued advancement of one’s business.This Article considers social etiquette practices in the United States and suggests that these practices have infected our free-enterprise system with racial bias. By considering socio-racial inequities against the general framework of social capital, the reader will better understand socioeconomic challenges that face black entrepreneurs. Access to social capital (i.e., access to people who build business capacity, networks, and opportunity) and meaningful engagement in this valuable social business construct is more arduous for black entrepreneurs than it is for their white counterparts. Limited social capital translates into limited opportunities for black entrepreneurs to convert valuable social business relationships into financial support that will ultimately fuel successful market entry and growth." @default.
- W1528109745 created "2016-06-24" @default.
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- W1528109745 date "2010-01-01" @default.
- W1528109745 modified "2023-09-25" @default.
- W1528109745 title "Racial Etiquette and Social Capital: Challenges Facing Black Entrepreneurs" @default.
- W1528109745 hasPublicationYear "2010" @default.
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