misesmedia: Allan Branch: Entrepreneurs Are Authors Writing Their Own Story
Entrepreneurship is a way of life that can be learned around the dinner table. Allan Branch’s parents were entrepreneurs, although it would never have occurred to him to call them that. They were in the service business, including restaurants and car washes. As a kid, Allan would help around the car wash, everything from washing down cars to emptying the trash to accounting. He internalized the idea that entrepreneurship was always doing two jobs, such as running one car wash while getting another ready for opening. The “two jobs” metaphor stayed with him.
Around the dinner table, the family would talk about how the businesses were going. It wasn’t so much a lesson in entrepreneurship as immersion in a lifestyle.
Show notes: https://mises.org/library/allan-branch-entrepreneurs-are-authors-writing-their-own-story
"Allan Branch's Entrepreneurial Journey" (PDF): Mises.org/E4E_86_PDF1
Hunter Hastings mentioned effectuation theory in his prologue to the conversation with Allan Branch. For those interested to learn more, refer to the useful definitional academic paper by Saras D. Sarasvathy, "Causation and Effectuation: Toward a Theoretical Shift from Economic Inevitability to Entrepreneurial Contingency" (PDF): Mises.org/E4E_86_PDF2
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