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Title: The Entrepreneur in Economics

Essay Details

Subject: History
Author: Clarence B
Date: October 13, 2011
Level: University
Grade: A
Length: 5 / 1305
No of views: 0
Essay rating: good 0, average 0, bad 0 (total score: 0)

Essay text:

500 companies, where an Inc. 500 company grows its sales on average by 170 percent per year from 1983 ? 1988, Bhide found that they have a low scale for profitable operation, in most cases less than $10,000. With low fixed costs and a small profitable scale, the risk of failure is minimized and the expected distribution of profits is skewed...

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By starting a company with a small scale of profitable operation, they faced a "heads I win, tails I don't lose much" scenario. If they failed, they could place the attempt on their resume. Entrepreneurs are not betting the family fortune or making their years spent earning an MBA worthless; instead, we find that an Inc...

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