This study set out to take a definitive look at African Caribbean entrepreneurship by delineating the broad spectrum of historical and contemporary theories of ethnic entrepreneurship. It also looked in particular on the phenomenon of African Caribbean entrepreneurship through the lens of Pentecostalism, which is the most popular religious expression of African Caribbean peoples in the UK. The extent to which the socio‐cultural and psycho‐religious underpinnings of the African Caribbean person are amenable to entrepreneurial engagement was also subjected to analysis. This analysis focused on themes and perspectives, which are general to African Caribbean experience – individual, family and community. They were presented as age, gender or sex, education, family structure, motivation, and funding of entrepreneurial ventures. Also in connection with these were a number of factors, which operate at the nexus of African Caribbean Pentecostalism and entrepreneurship. These include historical antecedents, socioeconomic situations up to the 1950s, the ambiguity of Scriptures towards wealth as well as the impact of the psychology of time on the African Caribbean mind. All these provide a framework in which the existential and transcendental interact in the community of faith.