School of Business

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In the United States (U.S.) small businesses create job opportunities for millions of citizens and non-citizens authorized to work in the U.S. In recent decades, female-owned businesses failed within the first few years of start-up because of a lack of capital (U.S. Census Bureau, 2006). A quantitative research methodology was employed to determine a correlation of human, financial and social capital (independent variables) and capital resources (networks to access capital for business, e.g. professional relationships, mentoring/support groups, social networks, events, organizations, institutions, venture capitalist, et al.) (dependent variable) needed for starting a business. The study focused on current and aspiring ethnic (African American & Hispanic) female entrepreneurs seeking capital for start-up businesses; and to determine general self-efficacy. The results of the study revealed a statistical significant relationship exists between human, financial, and social capital and capital resources.



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