Introduction

For hundreds of years in America and throughout the world, business success has been one of the best ways to measure overall wellbeing as a society. In our world today, racial minorities have not had the opportunity to achieve the kind of success as business owners needed to truly prosper. Because of factors that in many instances are almost entirely out of their control, these groups of people are under-equipped to enter into business ownership, and because they don’t have the necessary skills, they have little impetus to try and improve themselves. The major factors that prevent more minorities from becoming entrepreneurs and that limits the ones who do own businesses from being more successful are a lack of education and training for the skills needed to own a business, limited access to some of the different sources of financial assistance that are needed to successfully get a business off the ground, and the inability of prospective minority business owners to create meaningful and helpful networking connections that can be vital in the success of a new business.