114. Pete Farner on Investable Businesses and Investable Entrepreneurs
Veteran venture capital investor Pete Farner distills experience from four decades of entrepreneurship and investing on the Economics For Business Pod…
Podcast Show: Economics for Business
113. Jacqui Boland’s Entrepreneurial Journey on a Red Tricycle
This week on the Economics For Business Podcast we were gifted the opportunity of reviewing and assessing a completed entrepreneurial journey, courtes…
112 Peter Klein: When Policy-Makers Discover The Benefits of Entrepreneurship, They Can’t Resist Intervening
A recent special issue of the Strategic Entrepreneurship Journal, a top journal for which our friend Peter Klein sits on the editorial board, examined…
111: Shawn Needham: How Consumers and Entrepreneurs Co-navigate Value Uncertainty in Healthcare
The market for healthcare provides us with a pertinent example of co-navigation of radical value uncertainty. For consumers, there is no certainty ava…
110: Yousif Almoayyed: Apply Economic Thinking To Better Manage Your Technology Projects
Does economic knowledge help you manage complex IT projects? Yousif Almoayyed thinks it does.
109: Desmond Ng: Entrepreneurial Empowerment and the Austrian Approach to Value-Generating Organizational Design
Austrian economics offers a wide range of knowledge and applications for better business performance. One of them is the design of high-value organizations Download The…
108. Per Bylund and Mark Packard: Radically Reshaping Business Thinking via Subjective Value
In a recently published paper titled “Subjective Value In Entrepreneurship,” Professors Bylund and Packard apply the principle of subjective value…
107. Ivan Jankovic: The Special Understanding of Entrepreneurship by Americans of the Austrian School
Austrian economics has always been on the leading edge of innovative thinking applicable to business. Back in the last century, there was a group of…
106. Mauricio Miller: Entrepreneurship as the Path Upwards From Anywhere, for Anyone
Social services are the worst policy for such people. Entrepreneurship will open up the pathway out of the neighborhoods and out of the traps of low i…
105. Per Bylund: Austrian Economics is the Science of Business Success
For any size and any type of business, the generation of value requires more than strategy, planning, and executional excellence. It calls for the establishment,…
104. Professor Mohammad Keyhani on Generativity, The New Digital Pathway to Business Growth
We see business through the lens of entrepreneurship, defined as the intentional pursuit of new economic value. A reasonable proxy metric we can use i…
103. Steven Phelan: Embrace Complexity, Pursue Continuous Innovation, Don’t Waste Time on Planning
A rapidly advancing strand of theory has enabled great advances in the understanding of complex adaptive systems. Austrian economics is quintessential complexity theory; Austrians recognize…
102. Dale Caldwell: Entrepreneur Zones Will Drive Accelerated Growth For Cities
Can entrepreneurship be a collaborative undertaking across multiple firms? Entrepreneur Zones are an idea from Dale Caldwell to boost the economic per…
101. Per Bylund: Silicon Valley Is Bad At Entrepreneurship.
Our goal at Economics For Business is to help entrepreneurs and their businesses succeed. Per Bylund and Hunter Hastings discuss the true implicatio…
100. Jeff Deist: Animating Economics to Serve Real People and Real Businesses
Economics is treated by many as an arid field of mathematical modeling. Human beings are treated as data in the model, almost the way physics regards …
99. Scott Livengood Reframes Entrepreneurship for New Audiences
Why isn’t everyone an entrepreneur? Perhaps we don’t explain it well enough or in language that lets everyone in on the wonders and the thrills of…
98. Mark Packard’s Empathic Mental Model for Predicting Future Customer Value
Empathy, properly employed, is a robust business tool that smart entrepreneurs use to design winning value propositions. Download The Episode Resource Empathy As A Process…
97. John Boles: How Austrian Is Your Business? Continuous Value Perception Monitoring is One Measure.
With the development of the Austrian Business Paradigm and the Austrian Business Model, and tools such as the "Value Learning Process," businesses of …
96. Vishal Gupta and the Nobel Prize For Entrepreneurship Research
Researchers into entrepreneurship have a powerful incentive to identify new insights about how businesses grow and thrive.
95. Martin Lünendonk: How To Make The Customer Your Boss
Consumer sovereignty is a principle of Austrian economics. Here’s how entrepreneurs apply the principle in business, as told by Martin Lünendonk, c…
94. Peter Klein on the Advantaged Business Insights of the Austrian School
Six ways — selected from many — that businesspeople can derive more insightful knowledge and perspective from Austrian economics than from traditi…
93. Ramon Ray’s Entrepreneurial Communities
“Small business” is just a government classification. Entrepreneurial businesses serving well-defined communities via creative specialization exhibit enormous economic productivity, energy and dynamism. Such businesses can…
92. Clay Miller: 5 Austrian Principles Applicable to Your Business Today
Principles of Austrian economics have immediate applications in business. Clay Miller, a deeply experienced and highly successful global tech entrepre…
91. Curt Carlson on Innovation Champions
Austrian economics sees an economy in motion, perpetually renewing itself. Economic agents (firms, customers, investors) constantly change their actio…
90. Per Bylund On A New Austrian Business Paradigm: Facilitation Of Value
In our project to make a useful link between Austrian economic theory and business practice, we earlier introduced the Austrian Business Model. This i…
89. Jeff Booth: How Entrepreneurs Can Harness The Power Of Technological Deflation
What is technological deflation, and how can entrepreneurs take advantage of it? By combining already available and easily accessible technologies to …
88. David K. Hurst: Managing People-As-Ends and not People-As-Means.
In many situations, the complexities in managing a diverse and layered team of people is to view individuals as ends and not means.
87. Professor Matthew McCaffrey: The Austrian Definition of Capital and its Application for the Health of Your Business
Key Takeaways and Actionable Insights An understanding of the Austrian definition of capital is tremendously useful to all business owners and managers. What is capital?…
86. Allan Branch: Entrepreneurs Are Authors Writing Their Own Story
"Entrepreneurship is like sailing through changing weather, winds, waves and tides.” - Allan Branch
85. Dr. Per Bylund on the Austrian School versus Business School
Why do business schools exist? Dr. Bylund wonders if business schools are facing an existential problem.
84. Bob Luddy: Five Active Processes of Austrian Economics That Helped Me Build One of America’s Most Successful Entrepreneurial Businesses
Bob Luddy is founder and CEO of CaptiveAire (CaptiveAire.com), the US market leader in commercial kitchen ventilation systems. It’s a $500MM+ busin…
83. Clay Miller: An Entrepreneurial Journey to New Lands, New Organizational Designs and New Value
Clay Miller got a Commodore 64 (you can look it up!) when he was 11 years old, and his interest in computing, software and writing code started there.
82. David K. Hurst: Business School Fallacies and Acting Your Way to Better Thinking
At E4E, we believe that Austrian economics can guide business execs and entrepreneurs to better thinking about how to manage businesses that thrive. Business educator…
81. Dr. Keith Smith: The Free Market Medical Association Brings Entrepreneurship to Medical Services
Dr. Keith Smith, Co-Founder of the The Free Medical Association (FMMA.org), is an entrepreneur and free market warrior who is undaunted by the seeming…
80. Clay Routledge and John Bitzan: Entrepreneurship Brings Meaning and Purpose to Life
The entrepreneurial life is a life of meaning and purpose. We believe that strongly, and our belief is anchored in the ethic of entrepreneurship: to s…
79. Steven Phelan on the Many Different Entrepreneurial Journeys
Steve Phelan has spent a lifetime in entrepreneurship, as a student, a researcher, a teacher, an investor, an innovator and a practitioner. He found t…
78. Per Bylund Introduces the Austrian Business Model
Dr. Per Bylund joined us on the Economics For Entrepreneurs podcast to provide an exposition and explanation of the core structure of the Austrian Bus…
77. Ralph Welborn on the Ecosystem-Based Strategy
Business strategy and business model design has traditionally been firm-centric. Entrepreneurs are called upon to establish firms, to make the firm th…
76. S-E-R-V-I-C-E Warriors and the Individual Economy, with Jeff Saperstein
Entrepreneurship is the new strategy – for companies big and small, new and old, for individuals and particularly for regulation-compromised institutions like education and healthcare.…
75. Jason Whitlock: A Values-Driven Entrepreneur Shares Ten Principles for Success in the Highly Competitive World of Sports Content
Jason Whitlock shares with us many principles of his success. We highlight just a few of them here to whet your appetite for the podcast.
74. Raushan Gross on The Inspiring Life and Beneficial Impact of Entrepreneurs
Raushan Gross is one of the outstanding writers on the subject of entrepreneurship. In his latest e-book, The Inspiring Life and Beneficial Impact of…
73. Mark Packard on the Right Decision Logic for the Customer’s Learning Process
In E4E episode #73 with Mark Packard, we review three elements of new product / new service launching decision making.
72. Peter Klein: Four Considerations for the Delegation of Derived Judgment
Business books and business school courses tend to think of organization design as the structuring of a hierarchy, or the linkages of nodes in a netwo…
71. Sanjay Yadav on the Process-Based Skills of Negotiation
Negotiation is an important economic process. The results of negotiation can significantly influence outcomes for all businesses. There are costs to a…
70. Per Bylund: How Entrepreneurs Build Businesses That Are Beautiful Islands Of Specialization
Per Bylund discusses the distinctive Austrian theory of the firm on this week’s Economics for Entrepreneurs podcast. He captures his unique business…
69. Mark Packard’s Value Learning Process: The Two Kinds of Knowledge Entrepreneurs Must Have
Mark Packard has a big insight about how entrepreneurs manage innovation. Producers don’t innovate, customers do. That may sound a little odd, but M…
68. Steve Phelan Explains Why Entrepreneurial Intelligence Beats Artificial Intelligence
Artificial Intelligence promises cognitive augmentation for business practitioners. Professor Steven Phelan’s research reveals that Entrepreneurial…
67. Trini Amador: The Business Tools to Shift Customer Behavior in Your Favor
Every successful business is built on empathic understanding of customers’ preferences. As we know from the theories of Austrian economics, the pref…
66. John Tamny On America’s Uniquely Productive Entrepreneurial Flywheel
The flywheel is a robust and powerful mechanism so long as restrictive regulation by government and failures of imagination by capitalists do not slow…
65. David Bienstock on the Business of Politics
When we talk about entrepreneurial alertness to opportunity, it can sound pretty vague. What exactly does that mean? How is alertness translated into …
64. Per Bylund: Avoid The Errors of UNtrepreneurship.
Per Bylund warns us that there is some entrepreneurial advice and some proposed business models that are misleading. They amount to what he calls UNtr…
63. Dusty Wunderlich on FinTech Financing: Entrepreneurs Helping Entrepreneurs
FinTech sounds like the latest over-hyped tech bubble. But it has a much more fundamental importance in entrepreneurial economics. It brings entrepren…
62. Mark Packard: The Customer’s Value Learning Process
Innovation and marketing are the two most important functions of entrepreneurial business: bringing innovative new goods and services to market, and c…
61. Yousif Almoayyed: Good Business Ethics Are Simply Good Business
Austrians maintain an active focus on business ethics. Why? It’s simple self-interest. As entrepreneurs, we want to succeed; individuals can’t do …
60. Rory Sutherland: How The Austrian Approach Helps Entrepreneurs Multiply Value. It’s Alchemy.
In episode 60, we are joined by Rory Sutherland, Vice Chairman of Ogilvy, one of the world’s largest advertising and marketing agencies, one with a …
59. Sean Ring: What Successful Entrepreneurs Understand About Iteration
Sean offers additional insights, as we’ll see below, but the power of iteration is his number one: doing things over and over, with a view to improv…
58. John Cox: Facilitating Value Through Skilled Orchestration
There’s a skill that can turn any individual entrepreneur or small business into a global powerhouse exhibiting the highest quality service levels t…
57. Per Bylund on Coronapreneurs: How Austrian Entrepreneurs Manage An Exogenous Shock To The System
What’s the ecosystem in which you operate? How does your business fit in? How can you systematically adapt to the changes going on upstream, downstr…
56. Steven Phelan on Building Trust and Exerting Control in Collaborative Business Relationships
In today’s interconnected economy, more and more elements of your business model are provided by relationship partners. It’s wise to recognize dow…
55. Dr. Mark Packard On The Tools You Need To Make The Value Learning Process Work For Your Business
In this week’s Economics for Entrepreneurs podcast, Dr. Mark Packard tells us more about his research into the value learning process, and reveals t…
54. Steve Mariotti: Teaching Entrepreneurship as the Universal Route to a Better Life.
Can entrepreneurship be learned? We’d like to believe it can, since entrepreneurs drive economic growth – creating tomorrow as Per Bylund puts i…
53. The Entrepreneurial Ethic: What Drives Entrepreneurs to Create the Future?
Non-one has thought more deeply about the entrepreneurial ethic than Per Bylund. The subject is critical for understanding the source of energy in the…
52. Mark Schaefer: The Future of Marketing Is Austrian – How Human-Centered Marketing Can Fix A Business Function That Has Lost Its Way.
This week I spoke with Mark Schaefer about his iconoclastic and deeply insightful book Marketing Rebellion, in which he expounds the solution to moder…
51. David Rapp on Harnessing Accounting To Your Purpose
Accounting is a tool for entrepreneurs to achieve their business goals. There are plenty of options for you in how you use it to serve…
50. John Rossman on the Principles And Mechanisms Of Business Growth
Principles are the guiding cultural lights illuminating for employees and partners how your company thinks about its mission and about customers and c…
49. Paul Tenney’s Global Entrepreneurial Journey Leads To Database Technology Success in Asia
On this week’s Economics For Entrepreneurs podcast, Paul Tenney describes and explains the 8 stages of his international journey to start, grow and manage a customer-success…
48. Chris Casey’s Journey To A Distinctively Austrian Financial Services Business
Learn how directly Austrian Economics can be applied in entrepreneurial business design. A creative founder of a financial services firm demonstrates …
47. John Chisholm’s Tools And Techniques For Success In The Entrepreneurial Process
In this episode, Hunter Hastings talks to John Chisholm, author of Unleash Your Inner Company: Use Passion And Perseverance To Build Your Ideal Busine…
46. 8 Austrian Actions for 2020
Entrepreneurship is action. It’s a process in which the actions of the entrepreneur are decisive. In the final podcast of 2019, we suggest 8 action steps you can…
45. 2019 In Review: Four Principles Of Austrian Economics You Can Usefully Apply To Your Business
In an attenuated Christmas Eve podcast, we highlighted four of the useful principles we covered during 2019. Principle 1: Customer Sovereignty – Which Means Putting…
44. Mark Packard on The Value Learning Process
Entrepreneurs are redrawing the Customer Journey Map. Based on the latest knowledge from both economics and neuroscience, Dr. Mark Packard explains th…
43. Can You Answer The Bar Fight Question? Vito Bialla Defines A Core Attribute Of Entrepreneurship
When is entrepreneurship like being in a bar fight? Vito Bialla describes his own entrepreneurial experience and tells us how he assesses start-up CE…
42. Per Bylund on Economics of Value vs. Economies of Scale
Good economic theory predicts effective, cutting edge business practices. For example, the dynamic flexibility of capital resource allocation predict…
41. Stephen Denning: There’s A Revolution In Value – It’s Austrian And It’s Agile.
Austrian economics emphasizes the delivery of value for consumers and customers. Only they can define value, because it’s their subjective experience that is valuable to…
40. Peter Klein: 10 Fundamentals Of Economics On Which To Build A Successful Customer-First Business
Our proposition is that the fundamentals of economics – a special humanistic, individualistic, entrepreneurial economics we call Austrian – can be…
39. Rick Rule: Deep Understanding of Markets Opens a Pathway to Entrepreneurial Leadership
Rick Rule is CEO at Sprott US Holdings. His lifetime focus on natural resources finance enabled him to carve a unique pathway to entrepreneurial succe…
38. Per Bylund on The Laws Of Agile: A welcome step towards the Austrian vision, but not quite all the way there.
The laws of Agile are a welcome step towards the Austrian vision, but not quite all the way there.
37. Curt Carlson’s Systematic, Repeatable Process to Generate Customer Value
Is successful value creation through innovation the product of genius? Or of luck? No, it’s the product of a system, applied with discipline. Utiliz…
36. Professor Arthur Diamond on Sustaining Innovative Dynamism
This week, while keeping our eye on our highest value - entrepreneurial success - we raised our focus to the system level and the meta-ideas that sust…
35. Chris Wilton’s Recipe for Success
Is there a recipe for entrepreneurial success? Chris Wilton has established a successful and growing catering business, and the recipe he developed ha…
34. Peter Klein on Pricing
Pricing is fundamental to business success - to generating transactions, to cash flow and to profitable operations. There’s a lot of uncertainty for…
33. Isabel Aneyba: Listening From the Heart and the Techniques of Empathy
Isabel Aneyba, an expert in the techniques of empathic diagnosis that yield the understanding of the mind of the customer, shares these practical tech…
32. James Beardsley: Seeing the Business World More Clearly
James Beardsley owns and runs a law practice. He decided from the outset that he would run it like a business — not all lawyers do — and, once he …
31. Per Bylund on Big Data vs. Big Ideas
Wouldn’t it be nice to predict the future? It’s tempting to reach for the analytical tools and big data sets that are newly available and for whic…
30. Trini Amador on Brand Building
Every entrepreneurial firm can be a brand owner. In the next episode of Economics For Entrepreneurs podcast, we describe in detail a process for build…
29. Per Bylund on the Critical Importance of Executional Excellence and How To Achieve It
Have you heard about the Knowing-Doing Gap? It’s the gap between a firm knowing what needs to be done, and executing with excellence to get it done.…
28. Steve Phelan on Negotiation As A Core Capability For Entrepreneurial Success
Negotiation is a capability that entrepreneurs use almost all the time. It’s an area of entrepreneurial performance where an understanding and appli…
27. Cheryl and Cliff Pia on the Economics of Creativity
Every entrepreneurial initiative is creative. There’s also an entire creative industry in which entrepreneurs can participate and succeed. Today we …
26. Per Bylund on the Entrepreneurial Opportunity of B2B versus B2C
Dr. Bylund observes that students, when selecting entrepreneurial projects for his course, lean heavily towards consumer products and services. Does t…
25. Peter Klein on Organizational Designs
Organization can make a crucial difference to entrepreneurial success. Ideas alone are not enough – execution is needed and the details of execution…
24. Dr. Smita Bakshi: An engineer, passionate about her mission, makes an impact by combining what the world needs and what the world will pay for.
What is the nature of the journey from growing up in India and Africa, to an education in America and the successful founding, growing and managing a …
23. Per Bylund on Entrepreneurial Strategy
Business strategy in books and business schools has tended to towards metaphors of sports or war. There are playing fields or battlefields, and the st…
22. Steven Phelan on Managing Expectations
Entrepreneurs operate in the future. They imagine a future where lives are improved because dissatisfactions are removed and there’s greater well-being to enjoy. Everyone can…
21. Peter Klein on Transaction Costs
Are you transaction cost-savvy? Peter Klein explains why it’s important.
20. Dr. Keith Smith on How Austrian Economics Helped Me Innovate
Dr. Keith Smith is an anesthesiologist and founder of both the Surgery Center of Oklahoma and the Free Market Medical Association. Surgery Center o…
19. Per Bylund: ACT! How To Apply Austrian Capital Theory In Modern Organizational Design, Contemporary Business Structure, and A High Response Business Model
Austrian Capital Theory (ACT) sounds arcane, academic and complicated. In fact, it’s the key to modern organizational design, cutting edge business …
18. Steven Phelan on How To Assemble A Winning Combination Of Resources
Austrian Capital Theory holds that capital assets are heterogeneous and complementary. In business language, that means an entrepreneur can assemble s…
17. Yousif Almoayyed on How Austrian Economics Can Make You A Better Businessperson
Yousif Almoayyed runs a concrete business based in Bahrein, part of a family conglomerate of businesses. Part of his self-directed business education …
16. David Nordfors on the Huge Entrepreneurial Opportunity of the People-Centered Economy.
David Nordfors is CEO and co-founder of IIIJ and the co-chair of the i4j – Innovation For Jobs - Summit together with Vint Cerf. He was previously c…
15. Jeremy Vesta On How To Create Differentiated Value In Seemingly Undifferentiated Markets.
Jeremy Vesta is a partner in Vesta Holdings, and a manager of Harmony Beef, a greenfield start-up in the fresh beef industry. Fresh beef might be thou…
