Entrepreneurship+Defined


 * "The process of creating a self-owned sustainable business/organization that recognizes opportunities disguised as problems, solves them and thereby adds value to scarce resources for the purpose of generating profit and/or value to society. The entrepreneur accepts the risks associated with the starting up process. **
 * Analysis: ** The ability of the entrepreneur to thrive and take risks is deeply rooted in the concept of private ownership of property. This combined with a free market, democracy and personal virtue provided fertile ground for the economic miracle of the United States. While we are sometimes criticized for excesses and abuse (perhaps rightfully so) it can be said without contradiction that 100’s of millions of people have a quality of life that would not have been possible otherwise. Indeed, the whole world has benefited from the economic resources the US and countries like it that foster free enterprise and the entrepreneurial spirit. In order for a free and virtuous society to continue, there must remain assurance of private ownership (taxes are a form of confiscation), freedom from oppressive regulation/manipulation, and a culture that recognizes the value of the free enterprise initiative as the sustaining force of society
 * Analysis: ** The ability of the entrepreneur to thrive and take risks is deeply rooted in the concept of private ownership of property. This combined with a free market, democracy and personal virtue provided fertile ground for the economic miracle of the United States. While we are sometimes criticized for excesses and abuse (perhaps rightfully so) it can be said without contradiction that 100’s of millions of people have a quality of life that would not have been possible otherwise. Indeed, the whole world has benefited from the economic resources the US and countries like it that foster free enterprise and the entrepreneurial spirit. In order for a free and virtuous society to continue, there must remain assurance of private ownership (taxes are a form of confiscation), freedom from oppressive regulation/manipulation, and a culture that recognizes the value of the free enterprise initiative as the sustaining force of society