The entrepreneurial spirit is alive and well in the black community. For decades, entrepreneurship was frowned upon by the older generation, who saw it as a tool of oppression for whites to control blacks. However, today’s black entrepreneurs are finding ever-increasing opportunities to start their own businesses.
Black entrepreneurs are creative thinkers who have found new ways to succeed in this tough economic climate–often through starting their own businesses.
Many African Americans wish to be self-employed. And for good reason too. A new study found that black entrepreneurs are more likely to succeed than their white counterparts. The study, conducted by the University of California, Berkeley, examined 20 years of data on the socioeconomic outcomes of self-employed African Americans and African immigrants in New York City.
Opportunities for black entrepreneurship
For many African Americans, entrepreneurship is an opportunity for upward social mobility. It can offer individuals the chance to escape poverty and move into the middle class, as well as the opportunity for valuable life experiences that will help them stand out in their professional careers.
Since the election of Donald Trump as President of the United States, there has been a rise in black entrepreneurship. This increase can be attributed to two major factors: 1) The current political climate and 2) the population’s reaction to America’s lack of diversity in business ownership.
Black Americans have a history of being exploited and oppressed. Now, more opportunities have arisen for black entrepreneurship.
What can be done?
While I agree that everyone deserves equal treatment, it is a fact that blacks have been treated poorly in the past. The black community has been stereotyped and discriminated against. This means that they need to be treated differently so that their situation can improve.
Blacks are facing an unemployment rate of 12% compared to 4% for the rest of the US population. The incarceration rate for blacks is 8 times higher than the rate for whites, and 70% of black children live in poverty. These facts show that blacks need to be treated differently because they are not given the same opportunities as others.