by admin on September 1, 2010
Product Description
The Theory of the Firm presents a path-breaking general framework for understanding the economics of the firm. The book addresses why firms exist, how firms are established, and what contributions firms make to the economy. The book presents a new theoretical analysis of the foundations of microeconomics that makes institutions endogenous. Entrepreneurs play a central economic role by establishing firms. In turn, firms create and operate markets and organizations. The book provides innovative models of economic equilibrium that endogenously determine the structure and function of economic institutions. The book proposes an “intermediation hypothesis” – the establishment of firms depends on the effects of transaction costs and on the extent of the market.
The Theory of the Firm: Microeconomics with Endogenous Entrepreneurs, Firms, Markets, and Organizations
by admin on August 30, 2010
If you are stuck in a 9-5 job and you’re sick of bosses and commuting and office politics, perhaps you’ve been thinking of starting business. What are you waiting for? You could start a business later, but many aspiring entrepreneurs end up spending years – yes, years! – stuck in their jobs while they wait for the right time, which never comes. Or, you could start a business now and start enjoying entrepreneurship today.
The truth is, it will never feel like exactly the right time to become an entrepreneur. You just have to bite the proverbial bullet and just do it. If you really want it, you will need to move forward in spite of your hesitations. Here are 3 reasons why you want to start a business now instead of waiting:
Reason 1: Start a business now, while you’re still earning an income at your 9-5 job. You can build it slowly and reduce your reliance on your employer. This does take some dedication to work all day and then work in the evenings, but the long-term outlook is good. And, thanks to the internet and automated downloads and inexpensive virtual assistants, you can run a 24/7 business even though you can only work a couple of hours a day! Imagine not having to rely on your job!
Reason 2: The economy is perfect to start a business now. Lots of would-be entrepreneurs try to time the market and quit when the market is strong enough to sustain sales. However, that isn’t a wise choice because it’s so easy to talk yourself out of it or to think “now is not QUITE the right time; I’ll wait a little longer”. (Before you know it, the economy will have cycled back down again). If the economy is hot, you might get customers faster. If the economy is a little cooler (as it is now), you will create a much stronger business foundation and can potentially do far better when the economy improves.
Reason 3: Waiting to start a business is a form of procrastination related to avoiding the complexity of starting-up. Fortunately, it is far less complex than assumed! Stop “thinking” and start “doing” and you’ll make your dreams come true faster. The difference between those who “think” and those who “do” is not the action they take; it’s the success they achieve.
You’ve been thinking about becoming an entrepreneur… so why not start your business now!
Louis Allport helps current and aspiring business owners greatly maximize their chance of success and significant profits. Visit the following site to claim your FREE Membership and discover exactly how people just like you are making small investments into their own new, or existing, business and turning it into six or even seven figures in income: http://www.SevenFigureBlueprints.com
