[three_fourth padding=”0 15px 0 0px”]Unstacking the Deck For African-American Entrepreneurs
DERRECK MUHAMMAD & LAUREN WILLIAMS | HUFFINGTON POST
America consistently hails the iconic entrepreneur: We perpetuate a lofty, myopic, unrealistic standard of entrepreneurial success defined by trendy inventions, fast-paced growth and billion dollar profits. But by painting this whitewashed picture of entrepreneurism, we delude ourselves about the reality of American business ownership. Tiny, lower-revenue businesses are the norm for most entrepreneurs.
U. S. City – U.S. State of Michigan
Detroit is the most populous city in the U.S. state of Michigan, the fourth-largest city in the Midwest and the largest city on the United States–Canada border. It is the seat of Wayne County, the most populous county in the state. Detroit’s metropolitan area, known as Metro Detroit, is home to 4.3 million people, making it the fourteenth-most populous metropolitan area in the United States and the second-largest in the Midwestern United States (behind Chicago).
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Eighty percent of all firms and 79% of white-owned firms have no paid employees at all; a whopping 96% of Black-owned businesses have no paid employees.
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