The entrepreneur always searches for change, responds to it, and exploits it as an opportunity.
Entrepreneurship is neither a science nor an art. It is a practice.
The best way to predict the future is to create it.
Innovation is the specific instrument of entrepreneurship. The act that endows resources with a new capacity to create wealth.
Planning is actually incompatible with an entrepreneurial society and economy. Planning is the kiss of death of entrepreneurship.
What we need is an entrepreneurial society in which innovation and entrepreneurship are normal, steady and continuous.
Entrepreneurship rests on a theory of economy and society. The theory sees change as normal and indeed as healthy. And it sees the major task in society – and especially in the economy – as doing something different rather than doing better what is already being done. This is basically what Say, two hundred years ago, meant when he coined the term entrepreneur.
Management and entrepreneurship are only two different dimensions of the same task. An entrepreneur who does not learn how to manage will not last long. A management that does not learn to innovate will not last long.
[Entrepreneurship] is by no means hunch or gamble. But it also is not precisely science. Rather, it is judgment.
If you're not living life on the edge, you're taking up too much space. The best way to predict the future is to create it.
Entrepreneurship is “risky” mainly because so few of the so-called entrepreneurs know what they are doing.
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