Asian Americans Small Business Participation Essay

Asian Americans Small Business Participation - turn out ExampleAs Marger (261) states, among all US ethnic groups, Korean population is the most actively move group in belittled scale business. One of the significant factors that accounts for the involvement of Asian immigrants in small business is the enthusiastic and active meshing of some or almost all members of the family in business. The family good-natured nature and cultural traditions of Asian immigrants encourage them to engage in their own small sector businesses with the participation of family members and relatives. Business is one of the places where they share their cultural traditions and hard work. This practice of family-operated business helps them minimize the labor cost and capital. Furthermore, it modifys them to set up profitable small business such as restaurants, retail, beauty services etc at low investments. At the same time, as Marger (261-62) points out, the social nature and friendly relationships of Asian immigrants and their common ethnicity enable them to establish informal savings, required capital, and also loyal customers within their own ethnic group. Asian immigrants a good deal confront with racial discrimination and are deprived of better opportunities in the corporate sector. These inequities as nonwhites and unjustness in opportunity compell Asian immigrants to set up small sector business where they tend eject their ability.