Category Archives: Free Market

Attended a local school board for a charter school

Image representing Steve Jobs as depicted in C...

Image via CrunchBase

I just got back from a charter school presentation in my local Public School system. It seems like that were a few “plants” in the crowd, and I don’t use the political term here, although it could apply because I was not able to find out where some of them worked and why they asked such poor questions of the potential school board. But the “plants” I’m referring to are those individuals who are mentally “planted” in one place and do NOT want to move. They refused to change, to improve, to do better than what is currently happening.

Why do I consider the parents questions poor and while the “plants” need to drop a few new seeds on the ground and let these new seeds sprout? Well, let’s allow Steve Jobs give an answer to what I saw.

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Tale of the Slave, or the Sliding Scale of Statism

When someone wants to start a business and become an entrepreneur, there are a number of things that go through their head, the least of which is: What portion of my labor will or must the state take?

An interesting take is when one looks at slavery, where the Master takes 100% of the labor of an individual to do with the production as the Master sees fit.

Here’s an interesting video explaining this issue.

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Ethics of the Entrepreneur

Here’s a great video regarding entrepreneurship.

Israel Kirzner is an Austrian economist and one of the world’s foremost experts on Ludwig von Mises’s methodology and thought.

In this lecture given at a seminar in Aix-en-Provence, France in 1993, Kirzner talks about ethics, entrepreneurship, and how wealth is created in society. He also describes the distinction he made between two kinds of ignorance: ignorance of specific knowledge but having the knowledge of how specific knowledge may be obtained, and sheer ignorance — not knowing how to access specific knowledge because we don’t know what we don’t know. Kirzner says that sheer ignorance requires an entrepreneurial role to overcome it, which allows entrepreneurs to discover demand for products and services that consumers didn’t even know they needed or wanted. Watch the video below.

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What kind of CEO do you want to be?

A few years ago I found a comment by a millionaire that at first I thought was a great idea, how do you define what a CEO is and does?

Not a bad question, right? Especially when it comes to being a startup.

Normally the CEO moniker, Chief Executive Officer, used in big Fortune 500 companies and even some startups that want the same prestige might work, but as a startup, it just doesn’t quite fit, do you see the same thing?

I have a friend that has a startup and she uses the CEO title on her business card and her web site. She’s a startup. But seeing it on her card it just sounds so old fashion and stuffy, as if “bestowed” by oneself for others to see how you want to project your image. But is that the true focus of a business? To make yourself look good?

Not so accurate.

So, here’s my attempt in our current business climate to get to the heart of what a business CEO title is about.

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“Too big to fail” from the 1850s

"Cornelius Vanderbilt, head-and-shoulders...

Image via Wikipedia

When you hear about entrepreneurs who start up new companies, you may not realize that our US history has stories to tell of entrepreneurs and what they went through. Below is an hour long speech about the supposed “Robber Barons” regarding steamships and railroads and both the US government’s subsidies of them and what it cost the US taxpayers. In some cases Congress STILL considered that some companies were “too big to fail” and kept using taxpayer money to keep thing afloat, but in the end, entrepreneurs won out.

If you want to read about Vanderbilt or Rockefeller, read the books “The First Tycoon: The Epic Life of Cornelius Vanderbit” and Titan: The Life of John D. Rockefeller.” On page 200 in the biography about Vanderbilt you see how investing in steam engine technology called the “walking beam engine” affected both fuel consumption and hull design, and with a smaller engine he was able to save valuable operating expenses and thus lower is costs thereby make more profit and/or lower prices to gain more market share.

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