Why aren't more philosophers interested in Entrepreneurship?
Just to be clear about who I’m talking about when it comes to entrepreneurs. Entrepreneurs exist all over the world in incredibly varied circumstances. I would hazard a guess that it’s the entrepreneurial spirit that keeps many families in India housed and fed. Their business might be in translating letters, or riding bikes, selling second hand phones or fruit at a roadside stall.
Closer to home; a couple or individual decide they want to open a cafe. They borrow money from the bank and contribute their own savings towards the investment. They find a space and sign a long term agreement, they fit out the space, buy the equipment and hire staff. Or they borrow more money and buy an existing cafe. Whatever the profits they make each week they pay the staff, rent and utilities first. They take a wage themselves and they reinvest everything they make. Generally no one expects to do well in the first year, they just want to survive. But whatever the ups and down the bank still expects their payments to be made, the landlord expects his rent, the energy company expects their payments, the good suppliers expect theirs. There’s no charity. In time things even out a bit more. They might grow the business, employ more staff, take on a chef to create a new menu, create a bigger customer base, and finally begin to make some money. What’s wrong with any of this? If they can’t deliver the goods the customers stop coming. Then everyone loses. Who are the risk takers here?