Quotes about entrepreneur (126 quotes) | Quotes of famous people

“Every entrepreneur is either a socialist, anarchist, or a communist. Meaning, you are not willing to depend upon an individual who tells you what to do and how to live your life. Your boss represent the capitalist regime.”

Mwanandeke Kindembo (1996) Congolese author

Dependency , Life

“An entrepreneur is the first enemy of capitalism.”

Mwanandeke Kindembo (1996) Congolese author

“The sport is more important than anything. More important than any of the people in it. Of course I say what I think. I always have, even if it upsets people like Ecclestone and Balestre. Why should I be afraid of them? The fans aren't here to see politicians and manipulators. They're here to see me. I am very secure in my feelings about racing. I make a lot of money from it, but one thing I can tell you for sure: if the money disappeared overnight, I would still be in racing, because I love it. The entrepreneurs would be gone.”

Gilles Villeneuve (1950–1982) Canadian racecar driver

Interview during the driver's strike at the 1982 South African Grand Prix, Donaldson, pg. 297

Love , Money , People , Feeling

“The Fascist State directs and controls the entrepreneurs, whether it be in our fisheries or in our heavy industry in the Val d'Aosta. There the State actually owns the mines and carries on transport, for the railways are state property. So are many of the factories… We term it state intervention… If anything fails to work properly, the State intervenes. The capitalists will go on doing what they are told, down to the very end. They have no option and cannot put up any fight. Capital is not God; it is only a means to an end.”

Benito Mussolini (1883–1945) Duce and President of the Council of Ministers of Italy. Leader of the National Fascist Party and subsequen…

As quoted in Talks with Mussolini, Emil Ludwig, Boston, MA, Little, Brown and Company (1933), pp. 153-154, Interview took place between March 23 and April 4, 1932
1930s

God , Fight

“A firm consist of the system of relationships which comes into existence when the direction of resources is dependent on an entrepreneur.”

Ronald H. Coase (1910–2013) British economist and author

Source: 1930s-1950s, "The Nature of the Firm" (1937), p. 393

Dependency

“Entrepreneurs and their small enterprises are responsible for almost all the economic growth in the United States.”

Ronald Reagan (1911–2004) American politician, 40th president of the United States (in office from 1981 to 1989)

“We are joined today by inspiring entrepreneurs from more than 120 countries and many from across Africa. And all of you embody a spirit that we need to take on some of the biggest challenges that we face in the world -- the spirit of entrepreneurship, the idea that there are no limits to the human imagination; that ingenuity can overcome what is and create what needs to be. And everywhere I go, across the United States and around the world, I hear from people, but especially young people, who are ready to start something of their own -- to lift up people’s lives and shape their own destinies. And that’s entrepreneurship. Entrepreneurship creates new jobs and new businesses, new ways to deliver basic services, new ways of seeing the world -- it’s the spark of prosperity. It helps citizens stand up for their rights and push back against corruption. Entrepreneurship offers a positive alternative to the ideologies of violence and division that can all too often fill the void when young people don’t see a future for themselves. Entrepreneurship means ownership and self-determination, as opposed to simply being dependent on somebody else for your livelihood and your future. Entrepreneurship brings down barriers between communities and cultures and builds bridges that help us take on common challenges together. Because one thing that entrepreneurs understand is, is that you don't have to look a certain way, or be of a certain faith, or have a certain last name in order to have a good idea.”

Barack Obama (1961) 44th President of the United States of America

Remarks by President Obama at the Global Entrepreneurship Summit at United Nations Compound in Nairobi, Kenya (July 25, 2015) https://www.whitehouse.gov/the-press-office/2015/07/25/remarks-president-obama-global-entrepreneurship-summit
2015

People , World , Faith , Way

“Schumpeter’s approach has an important implication for political behavior. If the constellation of economic interests regularly changes because of innovation and entry, politicians face a fundamentally different world than those in a natural state: open access orders cannot manipulate interests in the same way as natural states do. Too much behavior and formation of interests take place beyond the state’s control. Politicians in both natural states and open access orders want to create rents. Rent-creation at once rewards their supporters and binds their constituents to support them. Because, however, open access orders enable any citizen to form an organization for a wide variety of purposes, rents created by either the political process or economic innovation attract competitors in the form of new organizations. In Schumpeterian terms, political entrepreneurs put together new organizations to compete for the rents and, in so doing, reduce existing rents and struggle to create new ones. As a result, creative destruction reigns in open access politics just as it does in open access economies. Much of the creation of new interests is beyond the control of the state. The creation of new interests and the generation of new sources of rents occur continuously in open access orders.”

Douglass C. North (1920–2015) American Economist

Source: Violence and Social Orders (2009), Ch. 1 : The Conceptual Framework

World , Way , Behavior , Support

“So the future of this region, your region, is not going to be determined by dictators or by armies, it's going to be determined by entrepreneurs and inventors and dreamers and people who are doing things in the community. And you're going to be the leaders who make that happen. Your generation has greater potential to shape society than any generation that's come before because you have the power to get knowledge from everywhere, and you have more sophistication and experiences than your parents or your grandparents. And you have now the chance to share knowledge and experiences with other young people all across this region and around the world. And that wasn't true 20 years ago or 50 years ago.”

Barack Obama (1961) 44th President of the United States of America

2014, Young Southeast Asian Leaders Initiative Town Hall Speech (November 2014)

People , World , Communication , Knowledge

“Outside the firm, price movements direct production, which is co-ordinated through a series of exchange transactions on the market. Within a firm, these market transactions are eliminated and in place of the complicated market structure with exchange transactions is substituted the entrepreneur-coordinator, who directs production. It is clear that these are alternative methods of coordinating production. Yet, having regard to the fact that, if production is regulated by price movements, production could be carried on without any organization at all might we ask, why is there any organization?”

Ronald H. Coase (1910–2013) British economist and author

Source: 1930s-1950s, "The Nature of the Firm" (1937), p. 388

“Our best corporate citizens are also our most creative… Sixty years ago, when the Russians beat us into space, we didn’t deny Sputnik was up there. We didn't argue about the science, or shrink our research and development budget. We built a space program almost overnight, and twelve years later, we were walking on the moon. That spirit of discovery is in our DNA. We're Thomas Edison and the Wright Brothers and George Washington Carver. We're Grace Hopper and Katherine Johnson and Sally Ride. We're every immigrant and entrepreneur from Boston to Austin to Silicon Valley racing to shape a better world. And over the past seven years, we've nurtured that spirit.”

Barack Obama (1961) 44th President of the United States of America

2016, State of the Union address (January 2016)

World , Science , Past

“I became an entrepreneur by mistake. Ever since then I've gone into business, not to make money, but because I think I can do it better than it's been done elsewhere. And, quite often, just out of personal frustration about the way it's been done by other people.”

Richard Branson (1950) English business magnate, investor and philanthropist

As stated in an interview with Martyn Lewis in his book, Reflections on Success (1997)

Money , People , Way , Business

“Explaining economic growth - The achievement motive : how it is measured and its economics effects - Achieving societies in the modern world - Achieving societies in the past - Other psychological factors in economic development - Entrepreneurial behavior - Characteristics of entrepreneurs - The spirit of Hermes - Sources of n achievement - Accelerating economic growth.”

David C. McClelland (1917–1998) American psychological theorist

Book abstract
The Archiving Society, 1961

World , Behavior , Motivation , Past

“In countries held together by borders drawn by colonial powers, with ethnic enclaves and tribal divisions, politics and elections can sometimes appear to be a zero-sum game. And so, given the difficulty in forging true democracy in the face of these pressures, it’s no surprise that some argue the future favors the strongman, a top-down model, rather than strong, democratic institutions. […] I believe the road of true democracy remains the better path. I believe that in the 21st century, economies can only grow to a certain point until they need to open up -- because entrepreneurs need to access information in order to invent; young people need a global education in order to thrive; independent media needs to check the abuses of power. Without this evolution, ultimately expectations of people will not be met; suppression and stagnation will set in. And history shows that strongmen are then left with two paths -- permanent crackdown, which sparks strife at home, or scapegoating enemies abroad, which can lead to war.”

Barack Obama (1961) 44th President of the United States of America

2016, United Nations Address (September 2016)

War , People , Education , Democracy

“Why… are there any market transactions at all? Why not all production carried on by one big firm?… First, 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… Second, it may be that as the transactions which are organized increase, the entrepreneur fails to place the factors of production in the uses where their value is greatest, that is, fails to make the best use of the factors of production… Finally, the supply price of one or more of the factors of production may rise, because the "other advantages" of a small firm are greater than those of a large firm.”

Ronald H. Coase (1910–2013) British economist and author

Source: 1930s-1950s, "The Nature of the Firm" (1937), p. 394-5

“These citizens remind us why civil society is so essential. When people are free to speak their minds and hold their leaders accountable, governments are more responsive and more effective. When entrepreneurs are free to create and develop new ideas, then economies are more innovative, and attract more trade and investment, and ultimately become more prosperous. When communities, including minorities, are free to live and pray and love as they choose; when nations uphold the rights of all their people -— including, perhaps especially, women and girls -— then those countries are more likely to thrive. If you want strong, successful countries, you need strong, vibrant civil societies. When citizens are free to organize and work together across borders to make our communities healthier, our environment cleaner, and our world safer, that's when real change comes.”

Barack Obama (1961) 44th President of the United States of America

2014, Remarks at Clinton Global Initiative (September 2014)

Love , Women , People , World

“The interventionists do not approach the study of economic matters with scientific disinterestedness. Most of them are driven by an envious resentment against those whose incomes are larger than their own. This bias makes it impossible for them to see things as they really are. For them the main thing is not to improve the conditions of the masses, but to harm the entrepreneurs and capitalists even if this policy victimizes the immense majority of the people.”

Ludwig von Mises book Socialism

Socialism (1922), Epilogue (1947)

People , Study

“I'm convinced that about half of what separates the successful entrepreneurs from the non-successful ones is pure perseverance. It is so hard.”

Steve Jobs (1955–2011) American entrepreneur and co-founder of Apple Inc.

The Computerworld Smithsonian Awards Program Oral History Interview http://americanhistory.si.edu/comphist/sj1.html, Advice for Future Entrepreneurs (20 April 1995)
1990s
Context: I'm convinced that about half of what separates the successful entrepreneurs from the non-successful ones is pure perseverance. It is so hard. You put so much of your life into this thing. There are such rough moments in time that I think most people give up. I don't blame them. Its really tough and it consumes your life. If you've got a family and you're in the early days of a company, I can't imagine how one could do it. I'm sure its been done but its rough. Its pretty much an eighteen hour day job, seven days a week for awhile. Unless you have a lot of passion about this, you're not going to survive. You're going to give it up. So you've got to have an idea, or a problem or a wrong that you want to right that you're passionate about otherwise you're not going to have the perseverance to stick it through. I think that's half the battle right there.

Success , Perseverance

“There are any number of reasons America emerged from its humble beginnings as a cluster of colonies to become the most prosperous, most powerful nation on earth. There is the hard work, the resilience, and the character of our people. There is the ingenuity and enterprising spirit of our entrepreneurs and innovators. There are the ideals of opportunity, equality, and freedom that have not only inspired our people to perfect our own union, but inspired others to perfect theirs as well. But from the very start, there was also something more. A steadfast commitment to serve, to fight, and if necessary, to die, to preserve America and advance the ideals we cherish. It’s a commitment witnessed at each defining moment along the journey of this country. It’s what led a rag-tag militia to face British soldiers at Lexington and Concord. It’s what led young men, in a country divided half slave and half free, to take up arms to save our union. It’s what led patriots in each generation to sacrifice their own lives to secure the life of our nation, from the trenches of World War I to the battles of World War II, from Inchon and Khe Sanh, from Mosul to Marja.”

Barack Obama (1961) 44th President of the United States of America

2010, Weekly Address (May 29, 2010)

Freedom , Country , War , People

“In economic terms, we can do little but we are contributing to the formation of a new class of managers and entrepreneurs for the future development of Namibia.”

Liborius Ndumbukuti Nashenda (1959) Roman Catholic archbishop

President of the Episcopal Conference: "Namibia is a stable Country, but the gap between rich and poor increases" http://www.fides.org/en/news/37685-AFRICA_NAMIBIA_President_of_the_Episcopal_Conference_Namibia_is_a_stable_Country_but_the_gap_between_rich_and_poor_increases (24 April 2015)

Future

“The problem with the French is that they don't have a word for "entrepreneur."”

George W. Bush (1946) 43rd President of the United States

Shirley Williams, Baroness Williams of Crosby, described this as a remark to Tony Blair in a discussion of the French economy during the G8 Summit, according to Jack Malvern (9 July 2002), "Bush and Blair, The Times. Alastair Campbell, Blair's director of communications, later said that Blair never heard Bush say this and never told Baroness Williams that he said it. See Lloyd Grove (2002-07-10) "The Reliable Source," Washington Post.
Attributed, Disputed

Problem

“This defines entrepreneur and entrepreneurship - the entrepreneur always searches for change, responds to it, and exploits it as an opportunity.”

Peter F. Drucker (1909–2005) American business consultant

Source: Innovation and Entrepreneurship: Practice and Principles

Search , Change

“A work-in-progress generates its own energy field. You, the artist or entrepreneur, are pouring love into the work; you are suffusing it with passion and intention and hope.”

Steven Pressfield (1943) United States Marine

Source: Do the Work

Love , Hope , Passion

“An entrepreneur in debt is an entrepreneur in business.”

Duncan Bannatyne (1949) Scottish entrepreneur, philanthropist and author

Anyone Can Do It

Business

“If you want to understand the entrepreneur, study the juvenile delinquent. The delinquent is saying with his actions, "This sucks. I'm going to do my own thing.”

Yvon Chouinard (1938) American mountain climber

Source: Let My People Go Surfing: The Education of a Reluctant Businessman

Understanding , Study

“The worker is no longer the slave to his reproductive urge. He is a free bargaining agent who enters the market to dispose of the one commodity he commands — labor power — and if he gets a rise in wages he will not be so foolish as to squander it in a self-defeating proliferation of his numbers.
The capitalist faces him in the arena. His greed and lust for wealth are caustically described in those chapters that leave the abstract world for a look into 1860 England. But it is worth noting that he is not money hungry from mere motives of rapacity; he is an owner-entrepreneur engaged in an endless race against his fellow owner-entrepreneurs; he must strive for accumulation, for in the competitive environment in which he operates, one accumulates or one gets accumulated.
The stage is set and the characters take their places. But now the first difficulty appears. How, asks Marx, can profits exist in such a situation? If everything sells for its exact value, then who gets an unearned increment?”

Robert L. Heilbroner book The Worldly Philosophers

Source: The Worldly Philosophers (1953), Chapter VI, Karl Marx, p. 148

Money , World , Motivation , Appearance

“Herbert Casson was a highly prolific writer on management, with a career as a management guru spanning some four decades. A skilled writer who was also a successful entrepreneur, he used his own experiences and acute observations of the world around him to develop a philosophy of management based on the concept of ‘efficiency’. He published more than seventy books, which by the time of his death had sold more than half a million copies around the world. Something of a maverick, he was never really accepted by the business academic community in either Britain or America. His books were popular and populist, highly entertaining and full of penetrating insight.”

Morgen Witzel (1960) Canadian historian, business theorist

Source: Fifty key figures in management, 2004, p. 42

Death , Books , World , Communication

“Just look at the strengths we bring as Americans to meet these challenges. We have the most dynamic and diverse people in the world. We have the most tolerant and generous young people we've ever had. We have the most powerful military. The most innovative entrepreneurs. The most enduring values.”

Hillary Clinton (1947) American politician, senator, Secretary of State, First Lady

Presidential campaign (April 12, 2015 – 2016), (July 28, 2016)

People , World

“[These entrepreneurs] were writing their stories in a subgenre of contemporary fiction, the business plan, and populating them with characters endowed with deeply implausible personalities, an oversight which would eventually be punished not by a scathing review, … but by a lack of custom.”

Alain de Botton (1969) Swiss writer

Source: The Pleasures and Sorrows of Work (2009), p. 287.

Business , Personality

“We investigate how the degree to which credit markets are centralized affects efficiency when there is asymmetric information. Specifically, we argue that decentralization of credit may promote efficient project selection when creditors are not fully informed ex ante about project quality.
Our starting point is the idea that, although an entrepreneur (project manager) may have a relatively good idea of her project's quality from the outset, creditors acquire this information only later on, by which time the criteria for profitability may have changed. Thus, a poor project (one whose completion time is too long to be profitable ex ante) may nevertheless be financed, since a creditor cannot distinguish it at the time from a good (quick) project.”

Eric Maskin (1950) American Nobel laureate in economics

Mathias Dewatripont and Eric Maskin. " Credit and efficiency in centralized and decentralized economies http://www.sef.hku.hk/~cgxu/0601/ECON0601/Dewatripont-Maskin_SBC_RES95.pdf." The Review of Economic Studies 62.4 (1995): 541-555.

Idea , Change , Time

“Since as we have seen the entrepreneurial qualification is something which, like many other qualities, is distributed in an ethnically homogeneous group according to the law of error, the number of individuals who satisfy progressively diminishing standards in this respect continually increases. Hence, neglecting exceptional cases — of which the existence of a few Europeans in a negro population would be an example — with the progressive lightening of the task continually more people can and will become entrepreneurs, wherefore the successful appearance of an entrepreneur is followed by the appearance not simply of some others, but of ever greater numbers, though progressively less qualified.”

Joseph Alois Schumpeter The Theory of Economic Development

The Theory of Economic Development (1934), Ch. 6 : The Business Cycle

People , Law , Error , Appearance

“The market is sovereign and in the magic economy of the small entrepreneur there is no authoritarian center… in the political sphere… the equilibrium of powers prevails, and hence there is no chance of despotism.”

C. Wright Mills book The Power Elite

Source: The Power Elite (1956), P. 242, describing the view commonly held in the eighteenth century.

Chance

“Even a child can see that an industrial enterprise would have neither net profits nor profits in general without the participation of the worker. Why does he receive only a wage from the entrepreneur instead of a share in the profits? There is no other reason other than the fact that the means of production are the private property of the entrepreneur. … This inequality and dependence is precisely the injustice that we don't want.”

Karl Barth (1886–1968) Swiss Protestant theologian

Source: "Jesus Christ and the Movement for Social Justice" (1911), p. 44

Dependency

“The trouble with most entrepreneurs is that they would rather be ruined by praise than saved by criticism.”

Jay Samit (1961) American businessman

Source: Disrupt You! (2015), p.115

“Even the slave owner is restricted in his ability to manipulate his labor supply, for he must protect his investment in slaves by feeding them during times when they do not labor. In contrast, capitalist entrepreneurs can hire and fire laborers or very their wages in response to changing circumstances.”

Eric Wolf (1923–1999) American anthropologist

Source: Europe and the People Without History, 1982, Chapter 12 The New Laborers, p. 356.

Change , Time

“I grew up believing that one person could make a difference. In Indiana, you saw that with basketball. The small town could beat the big town, like in the movie Hoosiers. That is one of the things that attracts me to entrepreneurs.”

Mary Meeker (1959) American venture capitalist and securities analyst

Interview with Wired: "The Indomitable Mary Meeker" https://www.wired.com/2012/09/mf-mary-meeker/ (21 September 2012)

Personality

“Let’s free entrepreneurs to do what they do best – innovate, grow, and hire.”

Hillary Clinton (1947) American politician, senator, Secretary of State, First Lady

Presidential campaign (April 12, 2015 – 2016), Speech in Warren, Michigan (August 11, 2016)

“The more the process of development becomes familiar and a mere matter of calculation to all concerned, and the weaker the obstacles become in the course of time, the less the “leadership” that will be needed to call forth innovations. Hence the less pronounced will become the swarm-like appearance of entrepreneurs and the milder the cyclical movement.”

Joseph Alois Schumpeter The Theory of Economic Development

The Theory of Economic Development (1934), Ch. 6 : The Business Cycle

Appearance , Time

“For Schumpeter the most important firms are those that serve as the vehicles for action of the real drivers of the system — the innovating entrepreneurs.”

Richard Rumelt (1942) American economist

Source: "Towards a strategic theory of the firm." 1997, p. 134

“In Silicon Valley, we have a special word for a failed entrepreneur – it’s called experienced.”

Steve Blank (1953) American businessman

University of Minnesota commencement speech, FounderLY http://www.founderly.com/2013/05/university-of-minnesota-commencement-speech. May 06, 2013.

“It saddens me to see the entrepreneurial world in Brazil, because it's a misfortune to be a boss in our country, with so many labor laws. […] Between a man and a young woman, what will the entrepreneur think? 'Damn, this woman's got a ring on her finger, she'll be pregnant soon, she'll be on maternity leave for six months…' […] Who's going to pay the bill? The employer. In the end it's deducted from social security but he says "the work rhythm is broken. And when she returns, she'll take a month-long vacation. In the end, she works five months in one year." […] I'm a liberal. If I want to hire you at my company paying you R$ 2,000.00 a month and Ms. Mary paying her R$ 1,500.00, and if Ms. Mary doesn't want to earn that amount, she must look for another job! If you think you also are not earning so much, look for another job. It is I who am paying you; I am the boss.”

Jair Bolsonaro (1955) Brazilian president elect

In an interview with Zero Hora newspaper https://gauchazh.clicrbs.com.br/politica/noticia/2014/12/bolsonaro-diz-que-nao-teme-processos-e-faz-nova-ofensa-nao-merece-ser-estuprada-porque-e-muito-feia-cjkf8rj3x00cc01pi3kz6nu2e.html on 10 December 2014. Brazil presidential candidate Bolsonaro's most controversial quotes https://www.yahoo.com/news/brazil-presidential-candidate-bolsonaros-most-controversial-quotes-012652084.html. Yahoo!, 29 September 2018.

World , Law , Thinking , Maternity

“Number one is "Do you have curiosity?" Number two is "Does it translate to imagination?" But number three is "Did it translate to action?" That’s the difference between someone with an idea and someone who is an entrepreneur.”

Steve Blank (1953) American businessman

Interview with Harvard Business Review, https://hbr.org/ideacast/2017/08/when-startups-scrapped-the-business-plan.html.3 August 2017

Imagination , Idea

“By default, we have created a "system" of nursing-home care for the aged in which middle-class people pay exorbitant rates to for-profit nursing-home entrepreneurs - and then when private resources are consumed and the patient qualifies as a pauper, the nursing home begins billing Medicaid. This is precisely the antithesis of social citizenship; instead of the poor being accorded the dignity associated with the middle class, equality of treatment is achieved by making the middle class undergo pauperization.”

Robert Kuttner (1943) American journalist

Source: The Economic Illusion (1984), Chapter 6, Welfare, p. 239

People , Age , Home

“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 Joseph (1918–1994) British barrister and politician

in 1986 introduction to Self-Help, Samuel Smiles originally published in 1859.
1980s

Women , Men , Money , Home

“The critical ingredient is getting off your butt and doing something. It's as simple as that. A lot of people have ideas, but there are few who decide to do something about them now. Not tomorrow. Not next week. But today. The true entrepreneur is a doer, not a dreamer.”

Nolan Bushnell (1943) American entrepreneur

attributed in Entrepreneurship - In Cup of Tea, 2004-12-12 http://www.buzzle.com/editorials/12-10-2004-62751.asp,; and in Decision and Action http://www.topachievement.com/chuckgallozzi.html by Chuck Gallozzi,
but also attributed to Robert Browning in On business, brands and marketplace success http://www.acleareye.com/sandbox_wisdom/2005/01/robert_browning.html.

People , Idea

“In my view—and that of most contemporary economists, I believe—Schumpeter’s most original and most lastingly significant book was Theory of Economic Development, which appeared in 1911 (and was translated into English in 1934). It was at the University of Czernowitz, not far from the beginning of his career as an economist, that he worked out his conception of the entrepreneur, the maker of “new combinations,” as the driving force and characteristic figure of the fits-and-starts evolution of the capitalist economy. He was explicit that, while technological innovation was in the long run the most important function of the entrepreneur, organizational innovation in governance, finance, and management was comparable in significance.”

Robert Solow (1924) American economist

"Heavy Thinker" (2007)

Books , Universe , Appearance

“Democratization of commerce is based on everyone having the right to exercise their roles as micro consumers, micro producers, micro entrepreneurs, micro investors, and micro innovators. Access to information removes the first impediment to building this brave, new world. Information asymmetry has always been at the heart of poverty.”

C.K. Prahalad book The Fortune at the Bottom of the Pyramid

Source: The Fortune at the Bottom of the Pyramid, 2009, p. 22

World , Exercises , Heart

“The basic hypothesis is that, while the total supply of entrepreneurs varies among societies, the productive contribution of the society's entrepreneurial activities varies much more because of their allocation between productive activities such as innovation and largely unproductive activities such as rent seeking or organized crime. This allocation is heavily influenced by the relative payoffs society offers to such activities. This implies that policy can influence the allocation of entrepreneurship more effectively than it can influence its supply. Historical evidence from ancient Rome, early China, and the Middle Ages and Renaissance in Europe is used to investigate the hypotheses.”

William J. Baumol (1922–2017) American economist

Source: "Entrepreneurship: Productive, unproductive, and destructive," 1996, p. 3

Age

“The innovation is hazardous, impossible for most producers. But if someone establishes a business having regard to this source of supply, and everything goes well, then he can produce a unit of product more cheaply, while at first the existing prices substantially continue to exist. He then makes a profit. Again he has contributed nothing but will and action, has done nothing but recombine existing factors. Again he is an entrepreneur, his profit entrepreneurial profit. And again the latter, and also the entrepreneurial function as such, perish in the vortex of the competition which streams after them. The case of the choice of new trade routes belongs here.”

Joseph Alois Schumpeter The Theory of Economic Development

The Theory of Economic Development (1934), Ch. 4 : Entrepreneurial Profit

Business

“We want L. A. to be the leading destination for people starting new businesses, and there are no better guides for our efforts than successful entrepreneurs themselves.”

Eric Garcetti (1971) American politician

quoted by Rick Orlov of the Los Angeles Daily News https://www.dailynews.com/2014/05/02/city-of-los-angeles-now-has-entrepreneurs-in-residence/ (May 2, 2014)
2014

People , Business , Effort , Success

“Entrepreneurs are artists and I mean “artists” in the true sense of the word: they see something no one else does.”

Steve Blank (1953) American businessman

Steve Blank in interview with Jake Cook, "Steve Blank: Lessons From 35 Years of Making Startups Fail Less" http://99u.com/articles/7256/steve-blank-lessons-from-35-years-of-making-startups-fail-less, U99 website, 2013.

Sense

“In the journey of an entrepreneur, the most important thing is self-belief and the ability to convert that belief into reality.”

Mukesh Ambani (1957) Indian business magnate

Always invest in businesses of the future and in talent

Reality

“Now, there are some, and I don’t just mean Communists like you, but thinking men of all political parties, who think that not many of these gods actually exist. Some believe that ‘’none’’ of them exist. There’s just us and an ocean of darkness around us. I’m no philosopher or poet, how would I know the truth? It’s true that all these gods seem to do awfully little work—much like our politicians—and yet keep winning reelection to their golden thrones in heaven, year after year. That’s not to say that I don’t respect them, Mr. Premier! Don’t you ever let that blasphemous idea into your yellow skull. My country is the kind where it pays to play it both ways: the Indian entrepreneur has to be straight and crooked, mocking and believing, sly and sincere, at the same time.”

Aravind Adiga book The White Tiger

The First Night.
The White Tiger (2008)

Men , God , Truth , Way

“Let's bear in mind that the chances to multiply wealth are unlimited. All people can become rich. There is an error in our understandings - that all people cannot become equally rich. Wealth can not exist where the people are busy with mutual cheating, have no time for creating values and wealth. It is remarkable that we can find the greatest number of wealthy tradesmen and a population on a high standard of living in countries with a high level of business morality. On the other hand, we can find poor tradesmen and entrepreneurs and an impoverished population in countries with a low standard of business morality. This is natural because these people concentrate on cheating one another instead of trying to create value.
We are granting you the profit share not because we feel a need to give money to the people just out of the goodness of the heart. No, we are aiming at other goals by this step. By this measure we want to reach a further decrease of production costs. We want to reach the situation that the shoes are cheaper and workers earn even more. We think that our products are still too expensive and worker's salary too low.”

Tomáš Baťa (1876–1932) Czech businessman

Attributed to Tomáš Baťa in: Rybka, Zdeněk. Principles of the Bata Management System. Tomas Bata University, Faculty of Management and Economics, 2013.
Attributed to Tomas Bata

Money , People , Shoe , Error

“In the countries of Europe, one after another, the gentleman has been ousted by politicians and entrepreneurs, as materialism has given rewards to the sort of cunning incompatible with any kind of idealism.”

Richard M. Weaver (1910–1963) American scholar

Source: Ideas have Consequences (1948), p. 55.

Country

“"Speed to Fail" should be every entrepreneur's motto. When you finally find the one idea that can't be killed, go with it.”

Jay Samit (1961) American businessman

Source: Disrupt You! (2015), p.101

Idea , Speed

“The great investors are almost entirely clueless as to what their supposed “employees,” the corporation managers are doing. The CEOs are almost entirely clueless as to what the branch and facility managers are doing. And the management of each facility are almost entirely clueless as to what is going on within the black box of the actual production process. In the light of this reality, Mises’ “entrepreneur”—so carefully and closely involved in the minutiae of choosing between technical possibilities of production, a brooding omnipresence guiding the efforts of every employee—is largely a construction of fantasy. It’s quite ironic, in fact, considering that Mises starts out the block quote above with the announcement that the entrepreneur is not omnipresent.”

Kevin Carson (1963) American academic

Organization Theory: A Libertarian Perspective (2008), Chapter 7
Organization Theory: A Libertarian Perspective (2008)

Quotes , Reality , Effort , Light

“Industrial history shows that in modern competitive industry the motive of personal gain is most wastefully applied. On the one hand, the great mass of intelligent workers have no opportunity of securing an adequate reward for any special application of intelligence in mechanical invention or other improvement of industrial arts. Few great modern inventors have made money out of their inventions. On the other hand, the entrepreneur, with just enough business cunning to recognise the market value of an improvement, reaps a material reward which is often enormously in excess of what is economically required to induce him to apply his "business" qualities to the undertaking.”

J.A. Hobson (1858–1940) English economist, social scientist and critic of imperialism

The Evolution of Modern Capitalism: A Study of Machine Production (1906), Ch. XVII Civilisation and Industrial Development

Money , Art , History , Intelligence

“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”

Kenneth E. Boulding (1910–1993) British-American economist

Source: 1940s, The theory of the firm in the last ten Years, 1942, p. 793 cited in: Pedro Garcia Duarte (2010) " A Path through the Wilderness: Time Discounting in Growth Models http://public.econ.duke.edu/~staff/wrkshop_papers/2009-2010_Papers/PGDuarte_Path_Through_Wilderness.pdf"

Question , Time

“Schumpter's daring and dashing entrepreneur is now a legendary figure from the distant past - if not from the mythology of capitalism - or is to be found only in the demimonde of business, founding new ice cream parlors or "deep freeze subscription clubs."”

Paul A. Baran (1909–1964) American Marxist economist

Source: The Political Economy Of Growth (1957), Chapter Three, Standstill And Movement Under Monopoly Capitalism, I, p. 77

Business , Distant , Past

“Optimism is normal, but some fortunate people are more optimistic than the rest of us. If you are genetically endowed with an optimistic bias, you hardly need to be told that you are a lucky person -- you already feel fortunate. Optimistic people play a disproportionate role in shaping our lives. Their decisions make a difference; they are inventors, entrepreneurs, political and military leaders -- not average people. They got to where they are by seeking challenges and taking risks. They are talented and they have been lucky, almost certainly luckier than they acknowledge.”

Daniel Kahneman (1934) Israeli-American psychologist

Bias, Blindness and How We Truly Think (Part 1): Daniel Kahneman, bloomberg.com, 24 October 2011, 15 May 2014 http://www.bloomberg.com/news/2011-10-24/bias-blindness-and-how-we-truly-think-part-1-daniel-kahneman.html,
"Bias, Blindness and How We Truly Think" (2011)

People , Feeling , Optimism , Decision

“Entrepreneurs often are organizational products… The capital required, human resources, space, information, permits and licenses are all provided, perhaps grudgingly, by existing organizations.”

John H. Freeman (1944–2008) (1944-2008) US-American sociologist and organizational theorist

John H. Freeman, "Entrepreneurs as Organizational Products: Semiconductor Firms and Venture Capital Firms," Advances in the Study of Entrepreneurship, Innovation, and Economic Growth, 1 (1986): 33-52

“There are several generations of Silicon Valley CEOs who "pay-it-forward." It’s an understood, underground thing you don’t talk about. You give back to younger founders and entrepreneurs without asking for anything. The goal is to pass on what we learned to make our startup ecosystem better.”

Steve Blank (1953) American businessman

Interview with Steve Blank (2013)

Learning

“[On the victims of the hurricane Katrina] "Here in Idaho, we couldn't understand how people could sit around on the kerbs waiting for the federal government to come and do something. We had a dam break in 1976, but we didn't whine about it. We got out our backhoes and we rebuilt the roads and replanted the fields and got on with our lives. That's the culture here. Not waiting for the federal government to bring you drinking water. In Idaho there would have been entrepreneurs selling the drinking water."”

Jim Risch (1943) American politician

Quoted in Guardian, August 31, 2007. http://commentisfree.guardian.co.uk/mark_schmitt/2007/08/the_real_hypocrisy_of_idaho_co.html

People , Drink , Understanding , Water

“It seems like the right thing to do is tackle problems other people aren’t working on. Part of the challenge of being an entrepreneur, if you’re going for a really huge opportunity, is trying to find problems that aren’t quite on the radar yet and try to solve those.”

Sean Parker (1979) American internet technology entrepreneur

TechCrunch: <nowiki>"Sean Parker and Shawn Fanning Hint At The Future Of Airtime [TCTV https://techcrunch.com/2012/06/05/sean-parker-airtime-app-platform-cool/"</nowiki>] (5 June 2012)

People , Problem , Parting

“One of the most powerful engines of development and prosperity is trade and investment, which create new opportunities for entrepreneurs, and help people rise out of poverty, and reinforce fundamental values like transparency and rule of law. For all these reasons, many in these chambers have conducted free trade agreements at bilateral and regional levels. The most effective step of all would be an agreement that tears down trade barriers at the global level. The recent impasse in the Doha round is disappointing, but that does not have to be the final word. I urge every nation to seize this opportunity to lift up economies around the world and reach a successful Doha agreement as soon as possible. Beyond Doha, our nations must renew our commitment to open economies, and stand firm against economic isolationism. These objectives are being tested by turbulence in the global financial markets. Our economies are more closely connected than ever before, and I know that many of you here are watching how the United States government will address the problems in our financial system.”

George W. Bush (1946) 43rd President of the United States

2000s, 2008, Address to the United Nations General Assembly (September 2008)

People , World , Law , Disappointment

“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 D. Schiff (1963) American entrepreneur, economist and author

Authors@Google: Peter Schiff (2009)

Money , Loss

“A good way of finding out who won a war, who lost a war, and what the war was about, is to ask who's cheering and who's depressed after it's over - this can give you interesting answers. So, for example, if you ask that question about the Second World War, you find out that the winners were the Nazis, the German industrialists who had supported Hitler, the Italian Fascists and the war criminals that were sent off to South America - they were all cheering at the end of the war. The losers of the war were the anti-fascist resistance, who were crushed all over the world. Either they were massacred like in Greece or South Korea, or just crushed like in Italy and France. That's the winners and losers. That tells you partly what the war was about. Now let's take the Cold War: Who's cheering and who's depressed? Let's take the East first. The people who are cheering are the former Communist Party bureaucracy who are now the capitalist entrepreneurs, rich beyond their wildest dreams, linked to Western capital, as in the traditional Third World model, and the new Mafia. They won the Cold War. The people of East Europe obviously lost the Cold War; they did succeed in overthrowing Soviet tyranny, which is a gain, but beyond that they've lost - they're in miserable shape and declining further. If you move to the West, who won and who lost? Well, the investors in General Motors certainly won. They now have this new Third World open again to exploitation”

Noam Chomsky (1928) american linguist, philosopher and activist

and they can use it against their own working classes. On the other hand, the workers in GM certainly didn't win, they lost. They lost the Cold War, because now there's another way to exploit them and oppress them and they're suffering from it.
Forum with John Pilger and Harold Pinter in Islington, London, May 1994 https://web.archive.org/web/20000823015510/http://www.redpepper.org.uk/cularch/xalmeida.html.
Quotes 1990s, 1990-1994

War , People , World , Dreams

“The most important prerequisite for becoming an entrepreneur is the ownership of capital.”

Michał Kalecki (1899–1970) Polish economist

Source: Theory of Economic Dynamics (1965), Chapter 8, Entrepreneurial Capital and Investment, p. 95

“Competition has been curtailed by larger corporations; it has been sabotaged by groups of smaller entrepreneurs acting collectively. Both groups have made clear the locus of liberalism's rhetoric of small business and family farm.The character and ideology of the small entrepreneur and the facts of the market are selling the idea of competition short. These liberal heroes, the small businessmen and the farmer, do not want to develop their characters by free and open competition; they do not believe in competition, and they have been doing their best to get away from it.When the small businessmen are asked whether they think free competition is…a good thing, they answer…, 'Yes, of course—what do you mean?' … Finally: 'How about here in this town in furniture?'—or groceries, or whatever the man's line is. Their answers are of two sorts: 'Yes, if it's fair competition,' which turns out to mean: 'if it doesn't make me compete.' … The small businessman, as well as the farmer, wants to become big, not directly by eating up others like himself in competition, but by the indirect ways means practiced by his own particular heroes—those already big. In the dream life of the small entrepreneur, the sure fix is replacing the open market.But if small men wish to close their ranks, why do they continue to talk…about free competition? The answer is that the political function of free competition is what really matters now…[f]or, if there is free competition and a constant coming and going of enterprises, the one who remains established is 'the better man' and 'deserves to be where he is.' But if instead of such competition, there is a rigid line between successful entrepreneurs and the employee community, the man on top may be 'coasting on what his father did,' and not really be worthy of his hard-won position. Nobody talks more of free enterprise and competition and of the best man winning than the man who inherited his father's store or farm. …… In Congress small-business committees clamored for legislation to save the weak backbone of the national economy. Their legislative efforts have been directed against their more efficient competitors. First they tried to kill off the low-priced chain stores by taxation; then they tried to eliminate the alleged buying advantages of mass distributor; finally they tried to freeze the profits of all distributors in order to protect their own profits from those who could and were selling goods cheaper to the consumer.The independent retailer…has been pushing to maintain a given margin under the guise of 'fair competition' and 'fair-trade' laws. He now regularly demands that the number of outlets controlled by chain stores be drastically limited and that production be divorced from distribution. This would, of course, kill the low prices charged consumers by the A&P;, which makes very small retail profits, selling almost at cost, and whose real profits come from the manufacturing and packaging.…Under the threat of 'ruinous competition,' laws are on the books of many states and cities legalizing the ruin of competition.”

C. Wright Mills book White Collar: The American Middle Classes

Section One: The Competitive Way of Life.
White Collar: The American Middle Classes (1951)

Life , Men , Books , Family

“Such terms as tycoon, media baron, captain of industry, industrial magnate, financial speculator, or boss were dropped in favour of entrepreneur, now seen as the benign improver of society and the kind of person we could all aspire to being.”

Marnie Holborow Irish academic

Source: Language and Neoliberalism (2015), p. 74

Personality

“In business the 80/20 principle is behind any innovation, any extra value. It is an entrepreneurial principle, a formula for value creation utilized not only by entrepreneurs, but by most managers and organizations.”

Richard Koch (1950) German medical historian and internist

Source: The 80/20 Individual (2003), Chapter: The 80/20 Principle Is at the Heart of Creation

Business

“If organized team sports develop managerial skills for a corporate setting, pickup team sports are more like training to be an entrepreneur… Pickup team sports are still about 99% male. That is, this form of preparation to be an entrepreneur is about 99% male socialization. I believe this is one of many contributors to why men who run their own business earn twice what their female counterparts earn.”

Warren Farrell (1943) author, spokesperson, expert witness, political candidate

Source: Why Men Earn More (2005), p. 156.

Men , Business , Sport , Training

“Public administration as an American profession originated in the early twentieth century with urban reformers advocating the application of scientific and business practices to rehabilitate corrupt city governments. That approach transformed governance in the United States but also guaranteed recurrent debate over the proper role of public administrators, who must balance the often contradictory demands of efficiency and politically defined notions of the public good. Currently the business approach holds sway. Legitimated by Al Gore's National Performance Review, the New Public Management movement promotes entrepreneurs over civil servants, performance over process, decentralization over centralization, and flexibility over rules. John Rohr demurs, arguing that the movement goes too far in downplaying the distinctively American challenges arising from the separated powers principle. Consequently, the NPM alienates public management from its natural home -- a nation-state established within a constitutional order.”

John Rohr (1934–2011) American political scientist

Abstract
Civil servants and their constitutions, 2002

Home , Business , Nature

“Most startup failures result from entrepreneurs who are better at making excuses than products.”

Jay Samit (1961) American businessman

Source: Disrupt You! (2015), p.128

Failure

“Finnish society could not serve as a blueprint for the United States. National differences matter. Ours is a society driven by money, blessed by huge private philanthropy, cursed by endemic corruption and saddled with deep mistrust of government and other public institutions. Finns have none of those attributes. Nor do they tune in to American individualism. Groupthink seems to be fine with most Finns; con-formity is the norm, risk-taking is avoided — a problem now, when entrepreneurs are so needed. I was bothered by a sense of entitlement among many Finns, especially younger people.”

Robert G. Kaiser (1943) American journalist

2000s, "Why can't we be more like Finland?" (2005)

Money , People , Problem , Sense

“Where do ideas about economics come from? They come, of course from economists—where by an "economist" I mean someone who thinks and writes regularly about economic issues. But not all economists are alike, and in fact the genus includes two radically distinct species: The professors and the policy entrepreneurs.”

Paul Krugman book Peddling Prosperity

Introduction: Looking for Magicians
Peddling Prosperity (1994)

Idea , Thinking

“Our careers aren't paths so much as landscapes that are navigated. We're free agents, entrepreneurs, intrapreneurs -- each with our own unique brand.”

Keith Ferrazzi (1966) American businessman and writer

pg. 17
Never Eat Alone

“[Institutional entrepreneurs must] size up the condition of the organizational field and figure out what kinds of action make sense.”

Neil Fligstein (1951) American sociologist

Source: "Social skill and institutional theory." 1997, p. 398

Sense

“Somewhere in the past. organizations were quite simple, and 'doing business' consisted of buying raw material from suppliers, converting into products, and selling it to customers… For the most part owner-entrepreneurs founded such simple business and worked along with members of their families. The family-dominated business still accounts for a large portion of the business start today.”

R. Edward Freeman (1951) American academic

Source: Strategic Management: A Stakeholder Approach, 2007, p. 5

Family , Business , Past , Parting

“If your aspirations are not greater than your resources, you’re not an entrepreneur.”

C.K. Prahalad (1941–2010) Indian academic

C.K. Prahlad in: Art Kleiner, " The Life’s Work of a Thought Leader http://www.strategy-business.com/article/00043?gko=bcd57," in: Strategy & Business, August 9, 2010.

“We need to create an enterprise culture, a society where successful entrepreneurs are respected and admired, not treated with suspicion and disdain. And in which we see less envy of other peoples' achievements and mistrust of commerce, and a greater readiness to get out there and join in the process.”

Norman Tebbit (1931) English politician

Speech to the Institute of Directors' Annual Conference (26 February, 1985).

People , Success , Envy

“Great entrepreneurs are revolutionaries. They speak truth to power. They change the status quo. They rebel against what exists. If you want to see what country will create the next Steve Jobs or Elon Musk, see how they treat their dissidents.”

Steve Blank (1953) American businessman

Interview with Steve Blank (2013)

Truth , Change , Country

“I was bothered by a sense of entitlement among many Finns, especially younger people. Sirpa Jalkanen, a microbiologist and biotech entrepreneur affiliated with Turku University in that ancient Finnish port city, told me she was discouraged by "this new generation we have now who love entertainment, the easy life." She said she wished the government would require every university student to pay a "significant but affordable" part of the cost of their education, "just so they'd appreciate it."”

Robert G. Kaiser (1943) American journalist

As quoted in "Ten Reasons We Can't, and Shouldn't, Be Nordic" https://www.nationalreview.com/2018/03/ten-reasons-we-cant-and-shouldnt-be-nordic/ (12 March 2018), by Jim Geraghty, National Review
2000s, "Why can't we be more like Finland?" (2005)

Love , Life , People , Education

“Xiaomi, founded in Beijing in 2010 by Lei Jun, a computer scientist and charismatic serial entrepreneur now in his mid-forties, has accomplished a lot in half a decade. Even just looking at its sales figures, the superlatives pile up. In its short life, it has gone from a startup focused on making a new mobile phone interface to beating Samsung as the number one phone vendor in the largest market in the world in 2014. Its products are so popular in China that it has become the third largest ecommerce firm there just selling its own products, after the general marketplace sites Alibaba and JD. com, and ahead of Amazon. cn.”

Clay Shirky (1964) American technology writer

Little Rice: Smartphones, Xiaomi, and the Chinese Dream (2015)

Life , World

“I think I’m starting to resolve a puzzle that’s been bugging me for awhile.
Pop economists (or, at least, pop micro-economists) are often making one of two arguments:1. People are rational and respond to incentives. Behavior that looks irrational is actually completely rational once you think like an economist.
2. People are irrational and they need economists, with their open minds, to show them how to be rational and efficient.
Argument 1 is associated with “why do they do that?” sorts of puzzles. Why do they charge so much for candy at the movie theater, why are airline ticket prices such a mess, why are people drug addicts, etc. The usual answer is that there’s some rational reason for what seems like silly or self-destructive behavior.
Argument 2 is associated with “we can do better” claims such as why we should fire 80% of public-schools teachers or Moneyball-style stories about how some clever entrepreneur has made a zillion dollars by exploiting some inefficiency in the market.
The trick is knowing whether you’re gonna get 1 or 2 above. They’re complete opposites!”

Andrew Gelman (1965) American mathematician

“One of the easiest ways to differentiate an economist from almost anyone else in society” http://andrewgelman.com/2011/07/19/one_of_the_easi/ (19 July 2011)

People , School , Behavior , Thinking

“Now the salient characteristic of the decision tools employed in management science is that they have to be capable of actually making or recommending decisions, taking as their inputs the kinds of empirical data that are available in the real world, and performing only such computations as can reasonably be performed by existing desk calculators or, a little later electronic computers. For these domains, idealized models of optimizing entrepreneurs, equipped with complete certainty about the world - or, a worst, having full probability distributions for uncertain events - are of little use. Models have to be fashioned with an eye to practical computability, no matter how severe the approximations and simplifications that are thereby imposed on them…
The first is to retain optimization, but to simplify sufficiently so that the optimum (in the simplified world!) is computable. The second is to construct satisficing models that provide good enough decisions with reasonable costs of computation. By giving up optimization, a richer set of properties of the real world can be retained in the models… Neither approach, in general, dominates the other, and both have continued to co-exist in the world of management science.”

Herbert A. Simon (1916–2001) American political scientist, economist, sociologist, and psychologist

Source: 1960s-1970s, "Rational decision making in business organizations", Nobel Memorial Lecture 1978, p. 498; As cited in: Arjang A. Assad, ‎Saul I. Gass (2011) Profiles in Operations Research: Pioneers and Innovators. p. 260-1.

World , Fashion , Optimism , Decision

“As an entrepreneur you have responsibilities in trying to operate well in what you have to do. There is a positive effect if you end up doing that. That’s where I try to spend most of my efforts.”

John Elkann (1976) Italian businessman

"Fiat's John Elkann shares family business views" http://www.fbn-i.org/dec-10/article1.html, FBNenews, 12-15-2010

Effort

“In all the talk in the Principles (as opposed to the formal analysis) it is not the saving of rentiers but the energy of entrepreneurs which governs accumulation.”

Joan Robinson (1903–1983) English economist

Source: Economic Heresies (1971), Chapter I, Stationary States, p. 14

“Apparently, sir you Chinese are far ahead of us in every respect, except that you don’t have entrepreneurs. And our nation, though it has no drinking water, electricity, sewage system, public transportation, sense of hygiene, discipline, courtesy, or punctuality, ‘’does’’ have entrepreneurs. Thousands and thousands of them. Especially in the field of technology. And these entrepreneurs—’’we’’ entrepreneurs—have set up all these outsourcing companies that virtually run America now.”

Aravind Adiga book The White Tiger

The First Night.
The White Tiger (2008)

Drink , Sense , Water

“You have not become an entrepreneur to fill in forms full time.”

Rita Verdonk (1955) Dutch politician

Slogan used on Rita Verdonk's weblog http://www.ritaverdonk.net/ retrieved 25 November 2007.

Time

“The idea to say that Steve Jobs didn't build Apple, that Henry Ford didn't build Ford Motor, that Papa John didn't build Papa John Pizza, that Ray Kroc didn't build McDonald's, that Bill Gates didn't build Microsoft, you go on the list, that Joe and his colleagues didn't build this enterprise, to say something like that is not just foolishness, it is insulting to every entrepreneur, every innovator in America and it's wrong.”

Mitt Romney (1947) American businessman and politician

2012-07-17
http://hotair.com/archives/2012/07/17/videos-romney-on-the-attack-after-obamas-you-didnt-build-that-remark/
Videos: Romney on the attack after Obama’s “You didn’t build that” remark
Hot Air
referring to Barack Obama's statement, "Somebody invested in roads and bridges — if you've got a business, you didn't build that; somebody else made that happen."
2012

Idea