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Now, without exaggerating the virtues of these gentlemen, it will be conceded by everybody except perhaps those veteran German Social-Democrats who have made a cult of obsolescence under the name of Marxism, that the modern entrepreneur is not to be displaced and dismissed so lightly as Alberic is dismissed in The Ring. They are really the masters of the whole situation.
By today's standards, Marconi can be said to have been a highly successful entrepreneur. He had the great knack of selecting the right man for the job, and inspired deep loyalty in his staff. He regarded himself as an 'amateur' and often paid tribute to the work of radio experimenters.
"None right now," Alexander said obliquely, "and since we've shown we can handle ourselves there probably won't be any more." "You must raise some pretty valuable stock if the competition tried to rustle them in the face of that armament." "We do." Alexander said. "Now if you'll follow me" the entrepreneur opened the cabin door letting in a blast of heat and a flood of yellow sunlight.
Have you push-pull projectors, atomic warheads? All of these weapons Alexander can command. Don't you realize he's an entrepreneur? one of the most powerful men in this sector?" Copper shook her head. "No," she said in a small voice. "I know nothing about these things."
An entrepreneur is a person who is gifted at identifying the unsatisfied needs of a market, at mobilizing and organizing the resources required to satisfy those needs and at defining a long-term strategy of development and marketing. As the enterprise grows, two processes combine to denude the entrepreneur of some of his initial functions.
Thus, the entrepreneur may contribute some capital himself, or several entrepreneurs may seek the aid of the same capitalist, or several capitalists may jointly supply the capital required by the entrepreneur. Thus there are dreams produced by more than one dream-wish, and many similar variations which may readily be passed over and are of no further interest to us.
Outworld Enterprises is far bigger than Flora and I was busy. Galactic trade is a snake-pit. And, after all, there was Douglas's death and the Family with their never-ending clamor for money and their threats when it didn't come promptly. I like being an entrepreneur, but until I made Outworld independent of Family control, I couldn't do anything except run the business to their wishes.
I have to rebuild my reputation not from scratch, but still reestablishing it is a struggle. It ain't easy." "Get a job." "No, I detest jobs especially professional jobs. I would rather be an automaton in a factory than a paper pusher or a money hording entrepreneur. All of them have such wasted lives." He laughed. "I have such a wasted life then."
Then he says "to pursue the analogy the profit which remains to the lessee after the payment of ground-rent, answers to that portion of the profit on capital which remains to the entrepreneur who operates with borrowed capital after the interest on the borrowed capital has been paid."
Economic enterprise is subject to information asymmetry: we know nothing about the future and everything about the past. This asymmetry is known as "investment risk". Society compensates the entrepreneur with one type of asymmetry exclusive ownership for assuming another, the investment risk.
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