Many entrepreneurs will admit to the following conversation with themselves: “If this happens, then that will happen.” They may not be correct, but they spend a lot of time thinking about cause and effect.

Considering there are no known outcomes, entrepreneurship becomes, in this respect, a legalized form of gambling. But this form of gambling, it has been demonstrated, can yield far larger returns than traditional gambling, a process that can be viewed as foolish risk-taking, as casinos are designed to win. Entrepreneurship risk-taking serves to help drive global economies. Entrepreneurs, through perceived opportunities, imagined outcomes, risk assumption and effort, create jobs for others and in doing so, stimulate economies large and small. They bring services, products and art to the market and in doing so, simultaneously serve others. Entrepreneurship, in this respect, is a respectable means of gambling.

Are you naturally talented at predicting outcomes by considering, imagining and strategizing? If so, explore the pages of the Arts Entrepreneurship Minor at Meadows School of the Arts.

“A ship in port is safe, but that’s not what ships are built for.”

Grace Murray Hopper

US admiral & computer scientist (1906 – 1992)