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Source link: http://archive.mises.org/10953/entrepreneurs-the-real-peace-prize-winners/

Entrepreneurs: The Real “Peace Prize” Winners

November 2, 2009 by

The true promoters of peace need attention, for they will never likely receive such ostentatious recognition for their noble efforts. They take risks in a world of uncertainty, and save or borrow capital to start a business. FULL ARTICLE by Chris Brown

{ 5 comments }

Eugenia Kaneshige November 2, 2009 at 9:34 am

I couldn’t agree with your article more, Chris. I only wish I lived in Australia so I could share my experiences as an entrepreneur with your students.

It’s very hard work; there’s always another tax or licensing fee, and we all know that 40% of businesses go out of business in the first year; 80% in the first five years; and another 80% in the second five years. When Obama talked about increasing taxes on Joe the plumber who made $250,000 in profits, he didn’t take into account that on average successful entrepreneurs start 7 companies before they become very successful.

If you’re a corporation, none of the losses from the first 6 businesses can be written off from 7th, so Joe isn’t really $250,000 ahead.

The most disheartening thing about being a small business owner is that most people today believe we are all “greedy, rotten, capitalists.” That’s why it’s so important that you have a passion for what you do. You have to believe in yourself and in what you’re doing. Today, I coach people on finding their calling and finding a job. It is my 6th entrepreneurial venture and something I would do for free if I were independently wealthy. In the beginning, psychic rewards are all you will be getting, so make sure they will be there for you. It will make the job a lot easier.

Abhilash Nambiar November 2, 2009 at 10:40 am

Mises put it this way: “Ownership of the means of production is not a privilege, but a social liability.”

And Shakespeare put it this way: “Uneasy lies the head that wears a crown.”

Mill Town November 2, 2009 at 3:12 pm

“for they will never likely receive such ostentatious recognition for their noble efforts.”

Successful entreprenors reap the following benefits:

Accomplishment, profits, sense of fulfilled duty, making a positive difference, furthering one’s career, sharpening one’s talent, embettering one’s resume.

Who needs a worthless nobel peace prize anyways ?

Mill Town November 2, 2009 at 3:16 pm

“President Obama is awarded the Nobel Peace Prize while his war efforts intensify.”

That’s because Peace now means Socialist.

Obama was awarded the Nobel Socialist Prize, that’s about it.

Mike November 2, 2009 at 7:42 pm

Hmm, here I had always thought Gore’s was the Nobel Consolation Prize.

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