http://www.blackwealthsuccess.com Although consistent efforts have been under way to bring minorities in the US to the mainstream social structure, lack of practical endeavor still marks the tragic absence of African-American entrepreneurs from the business arena. Although bids are consistently invited from black-owned enterprises (a step towards achieving racial fairness), African-Americans, who account for nearly 13.4% of the entire US populace, hardly own 5% American businesses, accounting for less than 0.5% of the total business financially.
It is a reality, even today, that African-American entrepreneurs obtain fewer opportunities and face more challenges in the business sector than the other minorities do. This definitely has a long history to it, dating back to the nineteenth century and is beyond simplistic calculations. To make things worse, a bias against black-owned businesses for not being competent is prevalent all the time, readily ignoring the statistically proven fact that such businesses do help one achieve better returns.
However, consistent efforts are needed to realize African-American freedom – not only at the theoretical level, but also to a practical ground. One obvious way to achieve this objective is to encourage racial equality from a very young age. In addition to this, supporting business education and development among African-Americans is also essential. As more and more people turn to schools and colleges for business education and development, the new generation of black-owned business enterprises would be able to navigate their way easily and efficiently to the next level of achievement in American business.
Not only entrepreneurial education, but well-directed skill-set education also is an absolute necessity. Moreover, every individual of the community should do their part in helping themselves come at par with the mainstream society. http://www.blackwealthsuccess.com
Rating: User: blackwealth777 2008-05-19T09:48:04.007Z
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