The African American Entrepreneur: Then and Now

The African American Entrepreneur: Then and Now

The African American Entrepreneur: Then and Now

The African American Entrepreneur: Then and Now

Excerpt

Entrepreneurial firms have been responsible for creating nearly 80 percent of all new jobs in the United States over the past 20 years. President Barack Obama acknowledged the significance of entrepreneurship to job creation in a speech he gave on regulatory reform on June 17, 2009. The president, in that speech, stated in relevant part:

I believe that jobs are best created not by government, but by businesses
and entrepreneurs who are willing to take a risk on a good idea. I believe
that our role is not to disparage wealth, but to expand its reach; not to sti
fle the market, but to strengthen its ability to unleash the creativity and
innovation that still make this nation the envy of the world.

Implicit in the president’s remarks is the recognition that entrepreneurs are continually discovering opportunities to provide new and innovative services, products, and methods of doing things to the consuming public. In bringing these services and products to the marketplace, the entrepreneur creates wealth for himself. Eventually, these businessmen and women hire employees as their firms grow in order to meet the increased demand for the goods and services their businesses produce.

Sometimes, the only alternative for persons who experience persistent difficulty in finding employment is to start a business and employ themselves. But many individuals lack the confidence, the capital, or the knowledge to start, operate and grow a new firm.

Part I of this book attempts to inspire readers to adopt an entrepreneurial mindset by highlighting the amazing success stories of black . . .

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