As a follow up to the last post on entrepreneurship and being in the minority is the story of Jack Ma. He was in a room surrounded by people when he told them about his idea. They told him it was a stupid idea. They told him he knows nothing about the internet. They told him he knows nothing about computers or programming.
Israel Kirzner contribution to economics was pointing out the entrepreneur sees an opportunity. More than that he acts on it. I consider the part of acting the most important. He draws a line between the capitalist, the man who has the money, and the entrepreneur, the man who sees an opportunity. You don’t need money to make money.