The black entrepreneurship
and its importance for the
national market
November 20th, Black Awareness Day
On November 20th, the states of Alagoas, Amazonas, Amapá, Mato Grosso, São Paulo and Rio de Janeiro celebrate Black Consciousness Day, and although it is not official at national level, it is important to remember and reflect on the daily struggles and histories of more than half of the Brazilian population. This date not only highlights its roots and pride in its origins, but is also an important space to bring to light the debate around structural racism and inequalities present both domestically and internationally.
Black entrepreneurship
On this important day, not only must we rethink within society, but also in the business world. Therefore, it is extremely important to address black entrepreneurship, an issue that is relevant, given that 56% of the population are black. Furthermore, according to the National Household Sample Survey (Pnad), 52% of entrepreneurs are part of this minority group.
Black entrepreneurship has been gaining prominence as a crucial topic in contemporary discussions about equity and inclusion, as it is present daily for the population. In contemporary international times, black entrepreneurs have faced significant challenges, but also notable achievements, contributing to the diversification and strengthening of the economic fabric.
Despite advances, black entrepreneurship still faces significant obstacles. Lack of access to finance is a substantial barrier, with black entrepreneurs often finding it difficult to obtain loans or investments. Furthermore, racial discrimination persists, affecting everything from obtaining business opportunities to interacting with customers and suppliers.
The fight should not be remembered only in November
Awareness about the importance of black entrepreneurship has expanded, influencing consumers, investors and legislators. Recognition of the need to promote equal opportunities in the business environment is driving significant changes, both in public policies and corporate practices. The racial debate ends up being made invisible by other agendas in other periods of the year, perpetuating structural racism, making reflections and debates essential, which end up boosting diversity, strengthening dialogues and bonds between professionals.
By Giulia Cabete on 20/11/2023
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