Posts tagged with: entrepreneurship

When we think of markets, we may conjure up a picture of goods and services production, supply and demand economics, and freedom of exchange. This of course is an accurate depiction, but what if in addition to this, the marketplace is actually divinely inspired and can be utilized to fulfill God’s mission?

In the upcoming AU Online four-part lecture series, Building a Marketplace Theology: From Conception to Execution of an Evangelistic Marketplace Practicum, serial entrepreneur David Doty will explore this idea. The series is scheduled for January 22 through January 31. Online sessions will be held at 6 pm EST on Tuesdays and Thursdays. Visit auonline.acton.org for more information and to register.

For additional material on the marketplace as a reflection of God’s plan and its effectiveness as a poverty alleviation tool, check out the newly released PovertyCure DVD Series, a project of the Acton Institute.

The Good Rich and What They Cost Us, Robert Dalzell Jr.In a new book, The Good Rich and What They Cost Us, Robert Dalzell Jr. aims to address “a great paradox at the core of the American Dream: a passionate belief in the principles of democracy combined with an equally passionate celebration of wealth.”

In a review for the Wall Street Journal, Amity Shlaes notes that although the book provides an in-depth look at the history of American philanthropy, the author’s own personal prescriptions lend too high a trust to government redistribution:

“The Good Rich” starts out like a tour through a portrait gallery, describing rather than judging. For much of his narrative, Mr. Dalzell refrains from giving his own opinion explicitly and reports merely that the rich have often blamed themselves for their lapses or oversize good fortune, or that their peers did.

Toward the book’s end, though, Mr. Dalzell drops his own screen, putting forward a familiar argument: that democracy suffers unless wealth and philanthropy are redistributed to reduce economic inequality. Even the “good rich” cost us: They don’t give wisely, Mr. Dalzell contends, spending too much on “elite institutions like Harvard, Yale, MIT and Princeton, which seems unlikely to reduce the income gap by much.” …For the sake of the public good, then, the rich must fashion better charity projects while handing over more of their money to the government.

Such philanthropic efforts deserve to be thoroughly examined. Likewise, from the poorest of us to the wealthiest, we should be energetic in examining our own activities, using discernment and wisdom in how we use our resources. But as Shlaes indicates, if it’s difficult for we individuals to wrestle with these deep questions about stewardship — particularly when we’re calling on the Divine for wisdom, as many philanthropists under Dalzell’s microscope claim to have done — how much more difficult will it be for a bloated government machine to utilize proper discernment? (more…)

Young African American men, especially ex-offenders, face high obstacles to employment. City Startup Labs hopes to help change that by teaching them the skills necessary to become entrepreneurs:

This new non-profit was created to take at-risk young African American men, including ex-offenders, and teach them entrepreneurship, while creating a new set of role models and small business ambassadors along the way. City Startup Labs contends that an alternative education that prepares these young men to launch their own businesses can have far more impact with this population than other traditional forms of job readiness or workforce training.

Today’s economic climate allows employers their pick of candidates, leaving few options for anyone with a record. Young black men, who’ve had no brushes with the law, still routinely face real barriers in getting on a job ladder’s lowest rung.

According to a 2005 Princeton study, “Discrimination in Low Wage Labor Markets,” young white high school graduates were nearly twice as likely to receive positive responses from employers as equally qualified black job seekers. Even without criminal records, black applicants had low rates of positive responses – about the same as the response rate for white applicants with criminal records.

This is where entrepreneurship comes in. For example, a report done by the Justice Policy Institute states that, “…recidivism is higher for those persons who are unable to obtain employment after leaving prison and imposes a high cost on society; and yet employment opportunities are especially limited for ex-convicts. Thus self-employment would be a viable alternative for ex-offenders, at least for those with above average entrepreneurial aptitude…”

Read more . . .

solar light, developing worldOver a billion people are still using kerosene as a primary fuel source, with over 1.5 million dying annually from issues related to indoor air pollution and kerosene fires. For many in the developing world, solar lamps are a new, inexpensive solution to the problem. A recent piece in The Economist hails solar lamps as the next “mobile phone” for the poor, noting that “its spread is sustainable because it is being driven by market forces, not charity.”

In an article for Christianity Today’s This is Our City project, HOPE International‘s Chris Horst interviews two business leaders from the industry who share how their purpose and direction in providing these products stems from a strong missional orientation toward work and a belief in the power of markets.

For Brian Rants, vice president of marketing for Nokero, a leading solar light company, involvement in the industry came after a fundamental transformation in his thinking:

“I am very surprised to find myself in business,” Rants says. “Business seemed to be a backup plan to being a missionary. Or being a pastor like I thought I would be. It seemed like businesspeople were just ‘extras’ in God’s story, rather than lead or even supporting actors.”

Over the past ten years, Rants worked for a number of nonprofits and churches. After going through graduate school, however, he began to discover the ways enterprise is improving the lives of the poor around the world. Rants excitedly joined Nokero, equipped with a restored vision of vocation. Through leveraging his knack for marketing, Rants fights poverty not just through his volunteerism and philanthropy, but inherently through his work in business. (more…)

Alexandre Havard leading a recent “Virtuous Leadership” seminar with CEOs and entrepreneurs in Latvia, one of the most industrialized and wealthy republics of the former Soviet Union

The Acton Institute’s Rome office led its recent Campus Martius Seminar with Alexandre Havard, the Russian-French author of Virtuous Leadership (2007),  Created for Greatness: The Power of Magnanimity (2011) and founder of the Moscow- and Washington, D.C.-based Harvard Virtuous Leadership Institute.

Havard, speaking with Zenit’s Ed Pentin in an article following the seminar, said that during today’s economic crisis aspiring and veteran entrepreneurs alike are suffering from an improper understanding of the intimate union between humility and magnanimity, even the most religious and virtuous of them:

It’s much easier to say to God: ‘Do the work in me and I just do nothing. But God very often tells us: ‘I will not do it because I have already given you talents through nature; you have to discover those things and do it …Humility is to say: ‘I have gifts, I have talents, and they come from God.’ You recognize that you have not produced those talents, that they are a gift from him to you. Then magnanimity is to say: ‘I have them but I have to make them fructify, I must develop them and multiply them, and put them at the service of the community and the common good.  So you see these two things come together. [Talents] are not mine. I have been given them and this is my humility; my magnanimity tells me to multiply them and use them.

Havard agreed to sit down with me recently and talk about the moral and character pitfalls in both the East and the West as well as the inspiration for his virtuous leadership training program. (more…)

Our world desperately needs heroic people—people who shape events, who act rather than watch, who are creative and brave. Such people are needed in every field, in every realm of life—not only in law enforcement and disaster response but also in science, education, business and finance, health care, the arts, journalism, agriculture, and—not least—in the home.

Rev. Robert Sirico and Jeff Sandefer, in their about-to-be-released book, have written a “blueprint” to the heroic life. The two joined Acton last week to talk about their endeavor (listen to the podcast here), and discuss some of the themes of this book. Both stressed the need for people of all ages to strive for living not just a good life, but a heroic one:

We need brilliant men and women…we need people with a broad vision of what can be and what really is of lasting value, people with the strength to surmount obstacles and maintain a definition of success that is deeper and more authentic than what we find in today’s celebrity tabloids.

The book will be ready for sales for the Christmas season, in both print and e-versions. Watch the blog for the upcoming release date.

Over at Christianity Today, HOPE International’s Chris Horst, whose article on a Christian manufacturer was recently highlighted at the PowerBlog, focuses on yet another Christian business, this time dealing in mattresses:

“This is one of the sleaziest industries in the world,” says business owner Ethan Rietema. “Customers are treated so poorly. Stores beat you up, trying to get as much money as they can, but they couldn’t care less if you get the right bed.”

Rietema and Steve Van Diest, both former campus ministers, are bringing rest—and integrity—back to a business largely devoid of it. Four years ago, a Christian entrepreneur invited the Colorado natives to begin deploying their relational abilities in strip malls rather than on college campuses. They now co-own three Urban Mattress stores in Denver and have franchised four more. And, they argue, their current work is just as important as their former ministry….

…”I don’t have to do mental gymnastics with the product I sell,” Van Diest says. “It’s not a frivolous item. It’s not an image-conscious product. People come here after being worn down by horrible sleep, replete with aches and pain. If we can provide them with a small glimpse of grace for a third of their lives, that’s kingdom work. That matters to God.”

Every entrepreneur begins by identifying a need. For Rietema and Van Diest, it was better customer service and consumer information. Urban Mattress has grown its business by directly countering a status-quo industry environment of price misinformation, offering “consistent and fair prices that promote transparency and honesty.” No faux “blowout sales,” no shady product labeling, no overly hasty, overly pushy customer interactions.

(more…)

Rev. Robert Sirico, President of the Acton Institute and Jeff Sandefer, entrepreneur, teacher and educational innovator, have co-authored the new book, “The Field Guide to the Hero’s Journey: inspirational classics and practical advice from a serial entrepreneur and an entrepreneurial priest”. The book is set to be released in early December.

Rev. Sirico and Mr. Sandefer sat down to discuss their collaboration.

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The Goldwater Institute has released a new study showing that states with a larger share of entrepreneurs do a better job at reducing poverty than states with fewer entrepreneurs.

There is a strong connection between a state’s rate of entrepreneurship and declines in poverty. Statistical analysis of all 50 states indicates that states with a larger share of entrepreneurs had bigger declines in poverty. In fact, comparing states during the last economic boom—from 2001 to 2007—data show that for every 1 percentage point increase in the rate of entrepreneurship in a state, there is a 2 percent decline in the poverty rate.

To help reduce poverty, policymakers should focus on increasing the number of entrepreneurs in their state. Research shows that one of the most effective ways to increase entrepreneurship is by lowering tax burdens. In particular, this study shows that high tax burdens, measured as a percentage of personal income, drags down the growth rate of entrepreneurship in a state: for every 1 percentage point increase in the tax burden, there’s a corresponding 1 percentage point drop in the entrepreneurship rate. States without income taxes also have higher average rates of entrepreneurship than those with income taxes. The average number of sole proprietors as a percentage of employment in states without an income tax is 21.7. The rate for states with an income tax is 19.6.

You can access a PDF of the report here.

Fr. Z’s Blog has a great post highlighting the Benedictine Monks at Norcia and their new brew.

Here is the motto from the Birra Nursia site. Wonderful stuff, really:

In complete harmony with the centuries old tradition, the monks of Norcia have sought to share with the world a product which came about in the very heart of the monastic life, one which reminds us of the goodness of creation and the potential that it contains. For the monks of Norcia, beer has always been a beverage reserved for special occasions, such as Sundays and Feast days. The project of the monastic brewery was conceived with the hope of sharing with others the joy arising from the labor of our own hands, so that in all things the Lord and Creator of all may be sanctified. In one word, “ut laetificet cor”.

I believe “Ut laetificet cor“ translates “to the heart’s joy?” I went to a Protestant seminary so I struggled with the translation. Here’s a great video on the brewing process Father Z posted. It’s a splendid story of entrepreneurship and labor: