My Journal is finally available – Yippee!!...

I founded and academic journal which focuses on creating value. It is published by Inderscience and is called – The International Journal of Business Venturing. The journal’s name relates to the Harvard Business School’s understanding of “The Entrepreneurial Venture” (Sahlmann/Stevenson/Roberts/Bhidé), i.e. the concept of entrepreneurship not only being limited to new ventures and start-ups,...

Entrepreneur Teacher...

Tom Farber is demonstrating the resourcefulness that may very well be the key attribute of an entrepreneur. Tom is a calculus teacher, who likes to give his students lots of practice tests. However when his school district in a suburb of San Diego informed him that they were slashing spending on school supplies, he had a big problem. His copying budget was being reduced to only $316, which is at least $200 too low. With...

Beg, borrow and steal...

This past Saturday I was a featured speaker at the Stockholm School of Entrepreneurships’s Start-Up Day. My session was titled – Informal Resource Acquisition. The conclusion was the level of resourcefulness of the entrepreneur and his or her team is a key determinant in entrepreneurial success. Further, the fewer resources (including money) that you have to get from external parties (investors, banks, etc.),...

An update to my old technique...

So you have an idea for a new high priced newsletter or magazine. You can line up your writers and editors, rent some facilities and then try to line up the financing before you go totally broke. Then you spend months creating the first issue. All this time you have no idea if anyone will really buy it. Well that is certainly one way to enter the publishing business. However, a smarter way may be this. You develop the...

What is entrepreneurship?...

It is the process of coordinating resources to take advantage of or exploit opportunities that exist in the environment or that are created through innovation in an attempt to create value. So this could mean a start-up or not. It could involve a new venture or not. It could take place in a non-profit organization or not. The point is that it is a process that involves the coordination of resources with the ultimate aim...