Category Archives: Entrepreneurship

How Occupational Licensing Hinders Low-Income Entrepreneurship

Occupational Licensing Is a Scam – Foundation for Economic Education Through occupational licensing, politicians get to impose “fees” in exchange for letting people practice their professions. And interest groups get to impose barriers that limit competition, a win-win situation, unless you are taxpayer or a consumer. Or a poor person who wants to get a job. “In the 1950s only

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How Entrepreneurs and Low Taxes Create Economic Growth

Entrepreneurs + Risk Capital + Low Taxes = Economic Growth For nearly every entrepreneur, access to private equity capital, or risk capital, is a key ingredient to successful business growth. For a business to grow it needs to be nurtured in an environment that supports entrepreneurial capitalism. “Capital is like oil; it’s stored energy. It’s the fruits of someone else’s

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Lessons From South Africa – Solving the Entrepreneurial Bottleneck in Developing Communities

Over the last few years we have seen how valuable Lean tools have become in the entrepreneurial development process. Eric Rees has provided us with an understanding relating to minimum viable product based on creating value rather than waste, Alexander Osterwalder has shown us the importance of visualising your business model and Ash Maurya has provided us with a process

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HBS Working Paper – Immigrant Entrepreneurship

Immigrant entrepreneurship is a topic of key policy interest but one with few facts. The authors construct a data platform using US Census Bureau administrative data to provide new statistics on the patterns of business formation by immigrant entrepreneurs and on the medium-term success of those businesses. Immigrants account for around a quarter of US entrepreneurs, and this share has

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Levelling Up – We Grow Slowly Into Greatness

New challenges present themselves, only because one has risen to be able to face them. Think about it — If you hadn’t come this far already, there wouldn’t be your latest, greatest challenge looming ahead of you. You would never know it, and would never have the opportunity to grow through the series of experiences that lead to you your current situation.

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Edmund Hillary Climbing Mt Everest on May 29 1953 – Climb Your Mountain and Plant Your First Prover Flag

For an entrepreneur, when times are good, cash flow is the oil that keeps a venture running smoothly. But cash is like oxygen at the summit of Mt. Everest, run out of cash and trouble brews really fast. Every entrepreneur planning a new venture faces the same dilemma: – What are the critical capital resources? – How much cash (financial

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Walmart’s Open Call For Entrepreneurs – Bo Jackson Pitches To Get His Products in the Stores

Walmart, the world’s largest retailer, sells as many as 142,000 different items in its largest Super-Center stores. Walmart has what’s known as their “Open Call” day where the company puts out an invitation to any and all vendors, in this case those who sell “Made in the USA” products, to come to Bentonville one day in June. Some 1,200 vendors

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Presidential candidates should discuss how they will support entrepreneurship

There are more than 3,000 counties in the United States, yet only 20 of them managed to combine for half of America’s net new business formation in the first five years of this economic recovery, according to a new analysis of Census data by the Economic Innovation Group in Washington, DC. Those 20 counties include parts of Silicon Valley, Southern

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Andrew Grove – Leading the Commoditization of the Microprocessor at Intel

In 1957 Grove immigrated to the United States, a poor immigrant from Budapest, Hungary who barely escaped Nazi occupation. A decade later he managed the launch of Intel, the chipmaker that would help invent the Personal Computer (PC) industry. He was Intel’s President in 1979 and CEO in 1987. He served as Chairman of the Board from 1997 to 2005. While he

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NFAP Study – Immigrants Founded 51% of U.S. Billion-Dollar Startups

Immigrants play a key role in creating new, fast-growing companies, as evidenced by the prevalence of foreign-born founders and key personnel in the nation’s leading privately-held companies. Immigrants have started more than half (44 of 87) of America’s startup companies valued at $1 billion dollars or more and are key members of management or product development teams in over 70

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