Ya gotta love it! The story you’re about to read here is proof that a drive to succeed, and being passionate about the pursuit of happiness are among the most important components of entrepreneurship in business. Those things don’t require a particular color of skin, or depend on having “higher education”, but more the determination people possess to make the world a little better place to live, both for themselves and for those close to them. For many years the push has been to finish high school and then go on to college. I found out a long time ago that college professors at any major “approved” institution have VERY socialistic points of view (for the most part, with a few exceptions at some non-state-run institutions) and follow a socialistic agenda. Socialism and entrepreneurship are very much at odds with one another.
African American business owners are on the rise. According to the Minority 2018 Small Business Trends survey, the number of black-owned small businesses in the U.S. increased by a staggering 400% in a year-over-year time period from 2017 to 2018.
The new survey, which was conducted by Guidant Financial and LendingClub, interviewed more than 2,600 business owners and aspiring entrepreneurs. It found that 45% of all small business in the country were owned by minority ethnic groups in 2018. This is a dramatic uptick from 2015 when the total percentage of minority business owners was 15%. The largest minority group of respondents were African American at 19%, followed by Hispanic at 14%, Asian at 8%, and Native American at 4%.
Of the African American small business owners surveyed, 63% identified as men and 38% as women. Most fell between the ages of 40 to 49 with 28%, while 25% were between 50 and 59 years old, and 22% are 30 to 39. The research also showed that the highest volume of African American entrepreneurs lives in Texas, followed by Georgia, California, Florida, and North Carolina.
David Nilssen, CEO of Guidant Financial, said in a statement that he is excited about the rise of minority small business owners around the nation. “Growth amongst all minorities including women is promising in America as small business ownership becomes more favorable and easier to attain. We anticipate and hope to see a continued increase as the impact of tax reform and economic growth shape small business ownership moving forward.”
Congratulations to those who have fought their way off the “plantation” that has been foisted on us by the socialistic Democrats for the past several decades! I applaud your determination and resourcefulness, and most of all for your determination to succeed in the face of the hurdles that are placed in your path. I owned and operated my own business for a number of years, and it is not for the faint of heart! I can relate to your difficulties and appreciate your success from a first-person point of view, because I know as a business owner I never worked harder in my life. Working for someone else for wages is FAR easier, but the trade off is that you have to live with the restrictions imposed by the company for whom you work, and the “sameness” of doing any job is a factor in why I believe so many people “live for the weekend”. Business ownership is satisfying for the person with the right attitude, and has with it the potential for great success if approached with the appropriate measure of desire to succeed.
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