All the advantages entrepreneurs enjoy as individual economic actors can now be augmented. We all have far more individual economic power than we cold ever have imagined.
About Hunter Hastings
Hunter Hastings is the Executive Director at Center for Individualism. He's an economist, venture capitalist, and lifelong advocate for liberty, economic freedom, and individual entrepreneurship.
Hunter’s current research is focused on the intersection of 21st century individualism, emerging technology and the radical decentralization that is freeing markets and creating a new spectrum of individual opportunity. His newest book is The Interconnected Individual, co-authored with Jeff Saperstein, to be published by Business Expert Press in 2018.
Hierarchies are power structures in which you don’t have any power. To join a hierarchy is to abase oneself. Replace hierarchical power relationships by quality of connection in networks of your choice. How much value are you giving and how much are you getting in return?
The Entrepreneurial attitude is active management of your life path while bearing the future uncertainty, whether as business owner / founder or in another role. You will actively navigate your own career, making frequent changes and taking new pathways as you pursue new opportunities.
The idea that government can determine the opportunities for all, and especially that it can ensure that they are the same for all, is in conflict with the whole rationale of a free society.
Entrepreneurs should seek unique knowledge, make a unique benefit promise to customers, identify a niche that no-one else has identified, and generally be comfortable with being the only occupier of a commercial space. Initially they might be viewed as crazy or taking excessive risk or out on a limb.
The unit of analysis for economics is the individual. If economics is to be a useful science, it will help individuals to make better decisions for themselves, in the context of productive collaboration with others. Let’s just help shed light on good economic decision making.
Is it possible to live the entrepreneurial life when employed by a firm? Yes (despite what Taleb believes) because the entrepreneurial life is an attitude and a style and a way of managing the future that you can bring to any context.
Taking responsibility, including moral and ethical responsibility as well as financial responsibility, for the downside risk of one’s entrepreneurial efforts is what holds society together. It is transparency and honesty and authenticity. It is the honorable life, the only one worth living.
The output of a service is an experience. What you actually receive is a feeling that your life is better as a result. In order to produce this result, service providers must be highly empathetic.
There is not a single trade that is not governed by legislation, bureaucratic rule making, taxes, tariffs or subsidies or political adjustments of some kind. No boat can sale, no plane can fly, no truck can deliver without political permission. Giant global bureaucracies make sure that not a single transaction can be made without a specific permission within their rule making.
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