• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
  • Skip to footer
  • Facebook
  • Instagram
  • LinkedIn
  • Twitter
  • YouTube
Big Ideas for Small Business logo

Barbara Weltman

Big Ideas for Small Business, Inc.

Whitepaper download

Subscribe and download our eBook, "150+ Tax Deductions for Small Business A to Z."

This field is hidden when viewing the form
Get the:

  • Home
  • About Us
  • Big Ideas For Your Business
    • Idea Of The Day ®
    • SMB Legal
    • SMB Taxes
    • SMB Financial
    • Small Business
    • Newsletter Archive
  • Services
  • Books
  • Blog
  • Multimedia
    • Videos
    • Radio Shows/Podcasts
  • Be a Guest Blogger

A Brief History of Entrepreneurship

May 25, 2017 / By Barbara Weltman

Book Cover - A Brief History of EntrepreneurshipThat’s the title of a book by Joe Carlen (A Brief History of Entrepreneurship), on the pioneers, profiteers, and racketeers who shaped our world. Published by Columbia Business School Publishing, you might expect it to be a dry read, but I found it to be a page turner.

Okay, I was a history major and I love this stuff. But I believe that continually expanding our understanding of the roots of entrepreneurship and what’s changed are key to being a good business owner.

Here are 5 things I learned from the book:

1. The meaning of entrepreneurship

The term “entrepreneurship” is derived from a French word “entrependre,” which means undertaking. The undertaking, to paraphrase what’s in the book, is an adventure to pursue economic goals.

As an aside, today the terms “entrepreneur” and “small business owner” are often used interchangeably. Is this valid? Probably not. The former is the explorer (like Columbus); the latter is the settler (like the Puritans). Anyway, that’s how I view it.

2. Entrepreneurship goes back 20,000 to 30,000 years

We may think that the concept of entrepreneur is a modern one. However, the author provides examples of how “the entrepreneurial impulse found expression among some of the more enterprising tribes” during the Upper Paleolithic period and the end of the Stone Age. At that time, barter was the medium of trade.

It was Mesopotamia (part of the cradle of civilization), with the development of writing and cities, that gave birth the entrepreneurial class—merchants. For the first time, there were people who did not actually produce the goods sold but acted as intermediaries for sales. This time and place also witnessed the start of a monetary system and credit (the concept of debt).

3. Not all civilizations foster entrepreneurship

While entrepreneurship is driven by individuals and not the state, it appears to be the state that “foster[s] an environment conducive to entrepreneurship.” The Mesopotamians and Phoenicians had a positive environment; the Romans did not. The Romans created wealth through the spoils of war rather than creating anything new.

The rise of Islamic civilization became “an influential pollinator.” It was in this region and in this time that many features essential to flourishing entrepreneurship came to pass: the Silk Road (international commerce), the widespread use of paper, and Arabic numbers (including zero).

4. Entrepreneurship depends on innovation

The underpinning of entrepreneurship is the continual development of something new. “[T]he entrepreneur’s creative inclination finds its fullest expression in societies characterized by inventiveness.” The innovation may be technological (e.g., the invention of the compass and “flying money” [paper currency] in China) or attitudinal (e.g., the growing status of the merchant class in Europe during the Renaissance and the ability of those of “low birth” to attain status during the Industrial Revolution in England).

The Industrial Revolution, which the author describes as “a specifically British phenomenon,” produced new trade routes, new production centers, and new technology. Britain was the first country to issue patents.

The author calls the U.S. from the Civil War to the end of the 20th century as the “quintessential entrepreneurial society.” This period witnessed inventor-entrepreneurship, led by such luminaries as Bell and Edison.

5. Not everything about entrepreneurship is wonderful

The sad truth is that there is a dark side to entrepreneurship. Throughout history, it has often been supported with such practices as slavery, piracy, conquest, war profiteering, and monopoly.

Conclusion

It really gets you thinking about what will come next. The author suggests space adventurers, such as Elon Musk and his SpaceX, will be the entrepreneurs in the next frontier. Thrilling.

Tags entrepreneurship history innovation small business owner

Primary Sidebar

Categories

  • General Business (493)
  • Guest Blog (106)
  • Homepage (21)
  • Small Business (981)
  • SMB Financial (320)
  • SMB Legal (64)
  • SMB Taxes (324)

Barbara’s Recent Posts

  • Moms Know Best: Lessons for Entrepreneurs May 8, 2025
  • Mental Health Challenges in the Workplace May 6, 2025
  • Let’s Celebrate Small Business! May 1, 2025
  • Scaling Your Business: Adding a New State Location April 29, 2025
  • What to Do about Waste Management in Your Warehouse April 28, 2025
  • Restrooms: Not Front Office but Just as Important April 25, 2025
  • Eye Strain: A Workplace Problem to Address April 24, 2025
  • What to Do When You Can’t Get Approved for a Business Loan April 23, 2025
  • A Good Time to Review Your Company’s Driving Policy April 22, 2025
  • Learning New Ways for Spring Cleaning Your Business April 17, 2025
  • How to Build Anticipation for an Upcoming Product Release April 16, 2025
  • Proposals for Better Tax Rules for Small Businesses April 15, 2025
Awarded Top 100 Small Business Blog medal (link will open in a new window or tab)
Marquis Who's Who 2023 Badge
Top Small Business Blogs (Link will open in a new window or tab.)
8 Financial blogs small business Owners Need to Read. Invoice home.  (link will open in a new window or tab)
Best Small Business Blog, Expertido.org
Top 50 Small Business Blogs 2018
Best Small Business Blogs
BizHumm Top 100 Business Blog Award to Barbara Weltman
FitsSmallBusiness.com: Award for Best Small Business Blog 2017 (link will open in a new window or tab)
FitsSmallBusiness.com: Award for Best Small Business Blog 2016 (link will open in a new window or tab)

Footer

Big Ideas for Small Business logo

Small business ideas, business tax news and small business consulting from Barbara Weltman to provide business owners with the information they need to succeed. Visit our small business blog, Idea of The Day®, small business books and articles on small business taxes, small business finance and small business legal advice.

Contact Us

[email protected]

(772) 492-9593

gacor maxwin situs slot thailand terpercaya situs slot gacor situs gacor akun pro thailand slot bandar togel terpercaya

Latest Tweets

bigideas4sb Big Ideas for Small Business® @bigideas4sb ·
February 17

The Art and Science of Building: Exploring the Intersection of Architectural and Engineering Design https://bit.ly/40Qt0P6 #smallbusiness #design

Reply on Twitter 1891632577175253217 Retweet on Twitter 1891632577175253217 Like on Twitter 1891632577175253217 3 Twitter 1891632577175253217
bigideas4sb Big Ideas for Small Business® @bigideas4sb ·
February 17

4 Crucial Errors in Your Compliance Approach to Hiring - HR Daily Advisor https://bit.ly/4jQCcvQ #smallbusiness #hiring #compliance

Reply on Twitter 1891586740189585747 Retweet on Twitter 1891586740189585747 Like on Twitter 1891586740189585747 Twitter 1891586740189585747
bigideas4sb Big Ideas for Small Business® @bigideas4sb ·
February 17

Is Romance Back in the Office? Is this a good or bad thing?https://bit.ly/3D1Hx2x #smallbusiness #ValentinesDay #workplace #officepolicy

Reply on Twitter 1891567067897168123 Retweet on Twitter 1891567067897168123 Like on Twitter 1891567067897168123 1 Twitter 1891567067897168123
Load More

Copyright © 2008–2025 Big Ideas for Small Business, Inc  |  Designed by Hudson Fusion

  • Privacy Policy
  • Sitemap