Background Information
There are over four million registered small businesses that are owned by people from minority communities in the United States of America. Since 2007, these businesses have provided employment opportunities for over 4.5 million people. Additionally, the small businesses owned by people from minority communities have generated over 660 billion dollars in terms of revenue (Minority Business Development Agency, 2010). Many of the studies on entrepreneurship focus on the success of businesses even though little information of business failure exists (Arasti & Zandi, 2010). By inference, an individual’s knowledge on entrepreneurship is incomplete if it lacks the acknowledgment of Continue reading...