I like this feature on John Scharffenberger in this week’s U.S. News and World Report. It captures in anecdotal form almost all of the ingredients in entrepreneurial success. There is disregard for “conventional wisdom” and there is hard work and dedication. The author doesn’t articulate it this way, but there is also an ethical concern for quality product and the good of the customer. Entrepreneurial success isn’t as simple as all that, however. There is also “luck and timing,” and, without explicitly drawing attention to the fact, there is also the assistance of existing financial resources to draw on. The story is at once edifying and realistic, an excellent piece of business journalism by Kim Clark.
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Kevin Schmiesing Kevin Schmiesing, Ph.D., is a research fellow for the research department at the Acton Institute. He is a frequent writer on Catholic social thought and economics, is the author of American Catholic Intellectuals, 1895-1955 (Edwin Mellen Press, 2002) and is most recently the author of Within the Market Strife: American Catholic Economic Thought from Rerum Novarum to Vatican II (Lexington Books, 2004). Dr. Schmiesing holds a Ph.D. in American history from the University of Pennsylvania, and a B.A. in history from Franciscan University ofSteubenville. Author of Within the Market Strife and American Catholic Intellectuals, 1895—1955 (2002), he serves as Book Review Editor for the Journal of Markets & Morality. He is also executive director of CatholicHistory.net.