Business - African American Nation

Abstract: "African American–owned businesses lag substantially behind [other] businesses in sales, profits, employment, and survival. Black business owners are much less likely than [other] owners to have had a self-employed family member owner prior to starting their business and less likely to have worked in that family member’s business. Using a nonlinear decomposition technique, Fairlie and Robb [cite] the lack of prior work experience in a family business among black business owners, perhaps by limiting their acquisition of general and specific business human capital, negatively affects black business outcomes [as leading causes]." Fairlie, Robert W., and Alicia M. Robb. "Why Are Black Owned Businesses Less Successful than White Owned Businesses? The Role of Families, Inheritances, and Business Human Capital." Journal of Labor Economics 25.2. University of Chicago Press. The University of Chicago, Apr. 2007. The IAAC will discuss its practical approach, the need for strategy and policies of creating access, opportunity and deals in business. Join the think tank. We welcome your questions, thoughts and solutions.