1 Women and Minority Entrepreneurship ---EEE 3033--- August, 2011 Elizabeth M Payne, J.D. Department of Entrepreneurship Spears School of Business Oklahoma State University http://www.youtube.com/watch?v=8wgmNtcRmu8 Entrepreneurship –What is it? A Revolution A Real Dynamic A Philosophy of Life -Dr. Michael Morris Entrepreneurship –Why do you care? 10% of Americans are actively engaged in starting a business or are the owner/manager of a business that is less than three years old. Small Business represents 99.7% of all employers
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2 Why Study Women and Minorities? Minorities currently represent approximately 28 percent of the U.S. population and own 15 percent of all U.S. businesses. Though the ownership figures may seem low at first glance, they represent significant progress Why Study Women and Minorities? Between 1982 and 1997, the number of minority-owned firms increased at a rate of 8.5 percent per year - three times that of U.S. business overall, according to the Census Bureau. Why Study Women and Minorities? Revenues from minority-owned firms increased at an annual rate of 10 percent per year.