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A long custom of educational research explores the experiences and strategies of ethnic entrepreneurs as they try to integrate economically into mainstream U.S. or European society. Classic circumstances embody Jewish merchants and tradespeople in massive U.S. cities in the nineteenth and early 20th centuries in addition to Chinese and Japanese small business homeowners on the West Coast. In the 2010s, ethnic entrepreneurship has been studied within the case of Cuban business owners in Miami, Indian motel owners of the U.S. and Chinese business owners in Chinatowns across the United States. While entrepreneurship presents these groups many alternatives for economic development, self-employment and enterprise possession in the United States remain inconsistently distributed alongside racial/ethnic traces. Despite numerous success stories of Asian entrepreneurs, a latest statistical evaluation of U.S. census data exhibits that whites are extra doubtless than Asians, African-Americans and Latinos to be self-employed in excessive status, lucrative industries. In recent years, entrepreneurship has been claimed as a serious driver of economic progress in both the United States and Western Europe.

The founder/CEO of a profitable startup may earn a lucrative annual earnings, combining a salary and dividends. Perhaps even more appealing to founders, it has the potential to generate wealth that can be handed on to at least one’s kids and grandchildren or given to advance philanthropic pursuits. An entrepreneur might choose her personal success by commercializing a product that improves lives, supplies employment to dozens or tons of of individuals, or creates financial security and prosperity for the entrepreneur … Read More