Success in Ethnic Entrepreneurship

Tolu Olarewaju ()
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Tolu Olarewaju: Keele University

Chapter Chapter 6 in Entrepreneurship as a Route out of Poverty, 2023, pp 117-127 from Springer

Abstract: Abstract Entrepreneurship is an important route out of poverty for ethnic minority individuals, particularly for foreign-born migrants and recent arrivals in developed countries. Early-stage entrepreneurial activity among ethnic minority individuals is twice that of the local population in many countries. Ethnic minority entrepreneurs (EMEs) in countries have been responsible for innovative businesses; but they usually face significant challenges, including the lack of financial and social capital, an unfamiliarity with regulations and the host country’s labour market, poor management and communication skills, and the liability of outsidership. Thus, while ethnic minority individuals are already a socioeconomically disadvantaged group, ethnic entrepreneurs are in an even more precarious situation. EMEs are traditionally associated with low-skilled, lower growth, and hence low-return sectors such as retailing, restaurants, fast-food provision, and personal services. This chapter will examine the challenges faced by ethnic minority individuals who want to go into entrepreneurship and how those challenges can be overcome.

Keywords: Ethnic entrepreneurship; Entrepreneurial success; Work; Income; Migrant entrepreneurship (search for similar items in EconPapers)
Date: 2023
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-031-38359-5_6

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DOI: 10.1007/978-3-031-38359-5_6

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