Opportunity as friendship

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Entrepreneurship is typically defined as the pursuit of opportunities. But what is an opportunity? Let’s answer this question by trying to construct one. As a basic minimum we need three things: (1) a product or service, (2) one or more agents who consume it, and (3) one or more agents who produce it. But just […]

Sticking with the good ideas; abandoning the bad ones

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Entrepreneurship is exciting: it makes life dynamic and, when used to harness inventions and new technologies, changes both its daily nature and quality. But in becoming an entrepreneur one is humbled by the impossibility of knowing whether the business idea at hand is the “right one”. It just does not have the aura of inevitability […]