. Entrepreneurs are reshaping the business environment, creating a world in which their companies play an important role in the … great potential lies in applying business principles within existing organizations. …

Using confidential microdata from the Characteristics of Business Owners, we examine why African-American owned … businesses lag substantially behind white-owned businesses in sales, profits, employment, and survival.  Black business owners … are much less likely than white owners to have had a self-employed family member owner prior to starting their business …