189. James Kent: Carving A Differentiated Growth Space In A Well-Established Market
Entrepreneurs always generate new value for customers; that’s what they get paid for. It’s not always necessary to create a new market; there are …
eGPS Pin: Imaginary Construct
The first step in the development of a new business, new firm, new product or service, new brand, or new initiative of any kind is to construct its business model in the entrepreneur’s imagination. Imagination is a powerful weapon for entrepreneurs.
187. Per Bylund: The Austrian School Approach to Business versus the Business School Approach
Business is a form of applied economics. Its purpose is to make people’s lives better. Profit is the signal from society that business is doing a go…
158. Mark Romera’s Globally Orchestrated Entrepreneurial Design Journey
Entrepreneurship-as-design is brought to life in a wonderful conversation with Mark Romera, who conceived, designed and brought to market a values-dri…
156. Yousif Almoayyed: How Austrian Economics Helps Me Make Best Use of All My Business Knowledge
Business success is a function of knowledge — the right knowledge at the right time applied in the right way. But knowledge is always scarce and inc…
How Ideas Emerge And Flourish
By Bruce Koerber Entrepreneurs’ ideas are imagined and emergent. How do they become material? Through the entrepreneurial design process. Bruce Koerber depicts this process for…
151. Mark Packard On Entrepreneurial Imagination: You Can’t Do Business Without It
agination is the first stage of any value generation journey — starting a development project, enhancing the customer experience, embarking on innov…
134. Per Bylund: The Unrealized
Understanding The Unrealized requires us as entrepreneurial businesspeople to think better, and to resist settling for what is merely feasible in a re…
Knowledge Entrepreneurship
The Entrepreneurial Method. This unfolding timeline is an excellent example of the entrepreneurial method at work. Start with what you know Find motivation in what…
Capitalism vs. Cronyism
Learn the definitions of capitalism and cronyism. Learn the definitions of capitalism and cronyism.
How Economics Drives Entrepreneurship
Ask these five questions from the chart. Ask these five questions from the chart.
Entrepreneurship Research
Focus on facilitating value for customers instead of shareholders. Focus on facilitating value for customers instead of shareholders.
5 Austrian Principles
Read, learn about and apply these five Austrian principles. 1. Too much aggregation can obscure important data. 2. Gather as much feedback from your customers…
Imaginary Construct
The entrepreneur constructs an imaginary business model of consumers experiencing new value, willingness to pay, imputed revenue streams, and assembled resources to generate the valued…
Entrepreneurship Brings Meaning and Purpose to Life
Focus on brainstorming ways to make meaningful contributions to your community. Focus on brainstorming ways to make meaningful contributions to your community.
The Role Of Imagination In Business
Pictures of some future states of the world are created by individuals through mental representation. It is a pragmatic process that unfolds in time i…
Needs Knowledge and Technical Knowledge
Think like a customer and a producer, then combine and compound your knowledge.
Entrepreneurship in Theory and in Practice
What theories are you applying in your business design? It’s important to have them clear in your mind. Begin with the assumptions that are inherent…
A Path to a Better Life
Learn these principles then pass it on via practical business application in your community, and serving your friends and neighbors.
Economic Opportunities Don’t “Exist”. Entrepreneurs Create Them.
Economists have only a very misty view of entrepreneurship, even though it’s the force that drives economic growth. Not only can they not measure its…
The N-A-B-C
Curt Carlson is the world’s leading expert practitioner in innovation. He is the founder and CEO of Practice Of Innovation, LLC, and was President of…
Build a Global Business
Do your research to find a promising industry, find customer problems to solve, and create a value proposition. Do your research to find a promising…
Seeing the Business World More Clearly
Use this as a guide to help you build your entrepreneurial journey to success. Use this as a guide to help you build your entrepreneurial…
Entrepreneurial Leadership via Understanding Economics
Use this as inspiration for starting your entrepreneurial journey. Use this as inspiration for starting your entrepreneurial journey.
113. Jacqui Boland’s Entrepreneurial Journey on a Red Tricycle
This week on the Economics For Business Podcast we were gifted the opportunity of reviewing and assessing a completed entrepreneurial journey, courtes…
Value Is A Process – the Essence Of Entrepreneurship.
What is the value of a pizza?
If you asked a standard economist, they might—thinking themself quite clever—ask in return, “well, what would you…
How To Think Like A Successful Entrepreneur.
Successful entrepreneurs think about their business in value terms, and they recognize that they do not themselves determine the value of their offering — the…
106. Mauricio Miller: Entrepreneurship as the Path Upwards From Anywhere, for Anyone
Social services are the worst policy for such people. Entrepreneurship will open up the pathway out of the neighborhoods and out of the traps of low i…
An Economist Uncovers A New Market Trend: The Rise of the DIY Consumer-Entrepreneur.
[postintro]This article continues the occasional series from Professor Raushan Gross on The Institutions Of Entrepreneurship. Entrepreneurship is a powerful pathway to innovation, growth, prosperity, and…
The Epic Calling Of The Entrepreneur.
Many of us feel the pull of contributing to something “bigger than ourselves”. It could be a cause, a charity, a movement, a great project.…
86. Allan Branch: Entrepreneurs Are Authors Writing Their Own Story
"Entrepreneurship is like sailing through changing weather, winds, waves and tides.” - Allan Branch
83. Clay Miller: An Entrepreneurial Journey to New Lands, New Organizational Designs and New Value
Clay Miller got a Commodore 64 (you can look it up!) when he was 11 years old, and his interest in computing, software and writing code started there.
81. Dr. Keith Smith: The Free Market Medical Association Brings Entrepreneurship to Medical Services
Dr. Keith Smith, Co-Founder of the The Free Medical Association (FMMA.org), is an entrepreneur and free market warrior who is undaunted by the seeming…
78. Per Bylund Introduces the Austrian Business Model
Dr. Per Bylund joined us on the Economics For Entrepreneurs podcast to provide an exposition and explanation of the core structure of the Austrian Bus…
Entrepreneurship Brings Us Optimism For The Future, Despite The Depredations Of Government.
Jeff Deist recently argued the case for economics over politics in his talk “Markets vs. Mobs.” I believe markets will prevail, and here’s why. Our…
37. Curt Carlson’s Systematic, Repeatable Process to Generate Customer Value
Is successful value creation through innovation the product of genius? Or of luck? No, it’s the product of a system, applied with discipline. Utiliz…
Value Innovation Pathways
Creating a company culture centered around values and integrity increases consumer value. Create a company culture centered around values and integrity. Draft a list of…
Introducing Economics for Entrepreneurs
The Mises Institute is launching a new podcast with the title Economics For Entrepreneurs. Why should you listen?
