We define entrepreneurship in terms of people working creatively to make others’ lives better.
About Hunter Hastings
Hi, Hunter Hastings here - I'm an economist by education, a marketer in my professional track, a venture capitalist in my current business life, an Individualist in philosophy, and a passionate supporter of entrepreneurship in whatever form I can practice it, support it and advance it.
In the last century, mathematics has been the dominant language of economics, ruining the science and rendering it useless. That era is now over.
Business is a form of applied economics. Its purpose is to make people’s lives better. Profit is the signal from society that business is doing a good job in the customer’s estimation.
How do new markets form? When consumers change their tastes and preferences and behaviors, how are the markets to serve them activated? The markets don’t yet exist — entrepreneurial action is required to create them.
Every business should have an exit plan in mind from Day 1. Why? Because it’s impossible to control the timing of an exit or the changes in circumstances that might precipitate it.
Scientists have come up with a new science: complexity theory. It’s the theory that we don’t understand systems any more, and never can and never will.