B. Maul Speaks
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Business Minded: Black Entrepreneurship
Over 81% of businesses are owned by White entities in the United States according to Rolling Out. The next 15% are owned by Asians and Hispanics. That means that almost less than 5% of businesses are owned by Black people. According to Fortune, Black people make up about 14% of the population and have around $1.2 Trillion in spending power. But what this really means is that we are investing in other companies other than our own considering we only own about 5% of the business market. Why aren’t more Black people in business and when they are, why do they fail?