5 Reasons Black Business Owners Should Incorporate Now
Starting a business doesn’t automatically equate to success for anyone – but Black businesses owners face additional challenges compared to businesses started by other racial and ethnic groups, like: Lack of Funding: This is a common issue across the board for start-ups and new entrepreneurs, but because black business owners are also experiencing the racial wage gap and – according to the U.S. Census – have the lowest average American household income by race, they’re often subject to even more financial strain. Lack of Mentorship and Social Capital: Research has long suggested that mentoring can make a massive impact
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