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Professor Devin Robinson Looks To Improve Black Business Survival
Nationwide -- One of the biggest reactions to our nation’s current administration has been a rise in entrepreneurship attempts particularly among African Americans. A 2016 study in Babson College's Global Entrepreneurship Monitor, found black business owners are creating businesses at a higher rate than their white counterparts and other minorities.
While black entrepreneurs are eagerly attempting start-ups, the Babson study also showed their businesses fail at a much higher rate and ultimately "don't stick around as long" as their entrepreneurial counterparts. Economic activist and best-selling author Professor Devin Robinson studies these trends, but realized there were additional variables lending to the failure of African American entrepreneurs that were omitted from present research. He comments, "There are a unique set of rules black entrepreneurs are forced to play by.
When these rules are not understood and mastered, black entrepreneurs can find themselves coming up short of business success. Blacks must first master black entrepreneurship before we can expect to conquer entrepreneurship." He also cited that, "Black entrepreneurs lead the statistics of CEOs of one-man companies", companies where they are the only employee."
