5 facts about entrepreneurship
1. It’s safer to start a business than stay in a job.
2. Less than 1 percent came from extremely rich or extremely poor backgrounds.
3. Only 4.5 percent said the inability to find traditional employment was an important factor in starting a business.
4. 70% of founders are married when they start up, and 60% have at least one child.
5. Balanced teams of 2 are the best combination. They raise 30% more money, have almost 3X the user growth.
Entrepreneurship and Liberty
How does entrepreneurship contribute to liberty?
The word “entrepreneur” originates from a thirteenth-century French verb, entreprendre, meaning “to do something" or "to undertake." Apart from the obvious advantage entrepreneurship has, given the current gridlock within most bureaucracies, entrepreneurship as a bottom-up approach to problem solving, provides a complement or even a healthy alternative within society to solve problems without creating more liberty impeding "red tape."
Some would go so far as to say in fact that this top down mode of problem solving has led to over-organization and that our institutional and political bodies are beginning to resemble those of the dinosaurs. Could we be approaching the point where we have made more laws than the laws of physics and red taped liberty into a corner?
If you ask someone what is something they wish to see change in the world and outline a plan to do it... The answers you get are not entrepreneurial. They are top-down mode solutions (i.e. "the president should do this" the IRS shouldn't do that, I wish God would do this.)
The word "policy" has the same origin as the word "police." The "new Policy" approach to change is more than just customary, for many it has become the dominant mode of problem solving, a way of thinking that results in ever increasing red tape and restrictions within society. New policy as a mode of problem solving also puts the responsibility of coming up with creative solutions on a few top positions of authority which results in blanket policies, half baked solutions and ultimately less liberty. That's where entrepreneurship comes in to play.
An "entrepreneur," is defined as an "agent of change," " who assumes the risk and the management of a business" (Mills). Entrepreneurship in general decentralizes management and creative processes involved in responding to many various and dynamic needs, allowing not only more risky but a number of niche solutions as opposed to more red tape and blanked policies.
Historically, American entrepreneurship was the child of Liberty. Yet in the words of small business advocate Jim Blasingame, entrepreneurship can often be the "veiled precursor to liberty..." In countries where individual liberties are even more suppressed than in the US, the minority of the individual has often found refuge in entrepreneurship. This because it is "typically not seen as a political statement" and thus "practical and safer."
Also, often large companies dependent on the success of their product or service are unable to change to meet fluxing dynamic needs, leading to superfluous or even a negative value in the marketplace. Entrepreneurship not only can act as a "disruptive force in the economy" (Schumpeter) as an independent stream of income to fall back on, it provides employees with an alternative to employment that is no longer doing a service to humanity.
Entrepreneurship is extremely healthy in the promotion/protection of individual liberty as an alternative to participation in community disservices, reducing red tape and blanket policies, and in the decentralization of creative solution processes. It is by far one of the greatest liberty alternatives and liberty enhancing tools at our disposal and with high means of production, advanced modes of transportation, access to a wide international market via the Internet, the time has never been more ripe for using it as a liberty enhancing technology.