The discounting presumably is to be done for each period of time at that rate of interest which represents the alternative cost of employing capital in the occupation in question; that is, at the rate which the entrepreneur could obtain in other investments
There are no checks and balances if the gov is wrong, if a private entrepreneur makes a mistake, he goes bankrupt, the losses are cut, if he bets wrong, he loses, if the gov bets wrong, they just get bigger, they just appropriate more money, it's a bottomless pit, because they either get it from the tax payers or run it off a printing press.peter schiff
A firm consist of the system of relationships which comes into existence when the direction of resources is dependent on an entrepreneur... As a firm gets larger, there may be decreasing returns to the entrepreneur function, that is, the costs of organizing additional transactions within the firm may rise.ronald coase
It was somewhere between the interview with the Indian entrepreneur who wanted to do my taxes from Bangalore and the one who wanted to write my software from Bangalore, and the one who wanted to read my x-rays from Bangalore, and the one who wanted to trace my lost luggage from Bangalore...I was realizing that, while I had been sleeping, while I had been off covering the 9/11 wars, I had missed something really fundamental in this globalization story. I had lost the thread, and I found it in Bangalore.Thomas Friedman, "The World is Flat: A Brief History of the Twenty-First Century".
I think that people have the idea of an entrepreneur being the sort of stereotype person who treads all over everybody and bullies their way to the top. There certainly are people like that, and they have managed to get away with it, but they generally get their come-uppance in the end.Sir Richard Branson. From his interview with Martyn Lewis, as recorded in Lewis’ book, Reflections on Success (1997)
To any potential entrepreneur I would say, don't go with the wave; find something unique.James Caan [Nazim Khan] (b.1960), Pakistan-born British Businessman, entrepreneur. , Dragons' Den: Success from Pitch to Profit (2007), Part 2: Inside the Den, p 203
I don’t believe there are any free lunches. There is no easy ride to success. The journey is what it is and you have to accept that if you want to be a successful entrepreneur.James Caan [Nazim Khan] (b.1960), Pakistan-born British businessman. Interview for Director Magazine, May 2008.
The true entrepreneur is one who thinks laterally, about how to make a second business out of the first.Evan Davis (British economist, journalist and presenter), Dragons’ Den: Success from Pitch to Profit (2007), Part 3: Know the Business, p. 245
I see an entrepreneur as the chief designer of a business that works better than any other.Michael E. Gerber (b.1936), American small business guru and author, ‘A Conversation with Michael Gerber’, from an interview posted on Businessweek.com website, 24 March 2008
The entrepreneur is the person who seeks to identify what consumers, at home or abroad or both, want and would be willing to buy at a profitable price. These entrepreneurs are the job-creators because it is they who gather the men and women, the material, the machinery, and the money to turn the vision of a market into a reality.Keith Sinjohn Joseph, Baron Joseph (1918–1994), British barrister and politician. ‘Introduction’, Self-Help (1859) by Samuel Smiles, from the reprinted edition by Sidgwick & Jackson (1986)
Napoleon said Britain is a nation of shopkeepers and a shopkeeper is an entrepreneur he or she is a small business person. That’s exactly what we are.Theo Paphitis, Greek Cypriot born British entrepreneur. ‘Theo Pathitis: Business Adventurer’, an interview on The Open University’s website, open2.net, published on 23 December 2009
An entrepreneur is very enthusiastic and dances to a different drum beat, but never considers success as something which equates to personal wealth.Dame Anita Roddick (1942–2007), British businesswoman. From her interview with Martyn Lewis, as recorded in his book, Reflections on Success (1997)
We [entrepreneurs] have incredible enthusiasm, and I think part of the success of any entrepreneur is energy. Entrepreneurs have this real belief that their lives are about service and leadership.Dame Anita Roddick. From her interview with Martyn Lewis, as recorded in his book, Reflections on Success (1997)