Author Archives: Robert W Price

What is an entrepreneur?

Entrepreneur is a word borrowed from the French words entreprendre, “one who undertakes”—that is, a “manager.” In fact, the word entrepreneur was shaped probably from celui qui entreprend, which is loosely translated as “those who get things done.” In the early eighteenth century, a group of thinkers called the Physiocrats surfaced in France around a school of new economic theory.

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What Do Entrepreneurs Need to Know About BitCoin?

The spectacular rise late last year in the price of Bitcoin, the dominant virtual currency, has attracted much public attention as well as scholarly interest. This policy report discusses how some features of Bitcoin, as designed and executed to date, have hampered its ability to perform the functions required of a fiat money––as a medium of exchange, unit of account,

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Why do entrepreneurs need a strategic vision?

Research has shown that successful entrepreneurs create visions of the future, which inspires others to get involved in the venture. As an entrepreneur leading a start-up it is important to have these discussions about “blueprinting your strategic architecture” today. Entrepreneurial success depends on the ability to think strategically, have a clear strategic vision, and achieve results quickly. Richard Siegelman, general

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Why is an exit strategy important for entrepreneurs?

Harvesting from Your Venture’s Value This Article supports our belief that having a harvest goal in mind and creating an exit strategy to achieve it are what separate successful entrepreneurs from the rest. Clearly, the main objective of professional entrepreneurs is to create economic value. It is unfortunate that little attention in the entrepreneurial world has been given to exiting a business

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