The Faith of Entrepreneurs

[via Atanu] Llewellyn H. Rockwell, Jr. writes:

“What distinguishes the successful entrepreneur and promoter from other people,” writes Mises, “is precisely the fact that he does not let himself be guided by what was and is, but arranges his affairs on the ground of his opinion about the future. He sees the past and the present as other people do; but he judges the future in a different way.”

It is for this reason that an entrepreneurial habit of mind cannot be implanted through training or education. It is something possessed and cultivated by an individual. There are no entrepreneurial committees, much less entrepreneurial planning boards.

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