Entrepreneurship: no guts, no glory

Entrepreneurship: no guts, no glory is a provocative scientifically reasoned book about the impact of entrepreneurship on the economy and our quality of life. The author argues for an enterprise and entrepreneurship-friendly ecosystem in Europe, and sets out concrete guidelines to achieve this.
Author(s):
Rudy Aernoudt
book | published | 3rd edition
July 2020 | xx + 234 pp.

Paperback
€35.-


ISBN 9781839700033


Alternative prices
- Student price: €25.-

Details

Entrepreneurship: no guts, no glory is a provocative scientifically reasoned book about the impact of entrepreneurship on the economy and our quality of life.

Until recently, entrepreneurs that failed were shamed publicly. While this is no longer the case, we are still far away from a society where failure is tolerated, and entrepreneurship encouraged.

In this book, entrepreneurship is discussed from inception to growth; from unicorns to zombies; from success to failure; from offshoring to reshoring. The author argues for an enterprise and entrepreneurship-friendly ecosystem in Europe, where there is a place and space for industry, where public administration is considered less important than industry and where entrepreneurship policy – and not employment policy - is utilised to create employment. The key to achieving this is not subsidies, but risk-sharing, venture financing, business angels, crowdfunding, incubators, accelerators, reshoring, second chance policy and a real industrial policy.

‘Isn’t life too short to work for a boss?’ With this opening question the author obliges the critical reader to take a stance. The statement indicates that entrepreneurship is about culture. It is a mindset. It is about having guts.

RUDY AERNOUDT studied Economics and Philosophy (KU Leuven) and European Economics (College of Europe). He is Professor of Corporate Finance and Enterprise Policy at the Universities of Ghent and Nancy. He was Director of Cabinet at European level, at Belgian federal level, at Walloon level and at Flemish level. He was also Director-General of One Laptop Per Child, a spin-off of the Massachusetts Institute of Technology, Secretary-General for Economy and Innovation in Flanders and Chief Economist at the European Commission. He is a columnist and author of several books and papers in the fields of economics politics and philosophy. His book, Corporate Finance in Practice has become a standard reference text in the area of corporate and entrepreneurial financing.

Table of Contents

Table of contents and preliminary pages (p. 0)

Rudy Aernoudt

Part I. Enterprise and Entrepreneurship: A Policy Issue?

Chapter 1. Entrepreneurship: A State of Mind (p. 1)

Chapter 2. Entrepreneurship Culture (p. 5)

Chapter 3. Enterprise Policy: The Four Objectives (p. 9)

Chapter 4. Enterprise Policy in Evolution (p. 15)

Part II. Enterprise Policies

Chapter 5. Start-Up Policy (p. 25)

Chapter 6. Growth Enablers Policy (p. 43)

Chapter 7. Bankruptcy and Second Chance (p. 71)

Chapter 8. Retention and Reshoring Policy (p. 81)

Part III. Entrepreneurship and Financing

Chapter 9. The Finance Paradox (p. 91)

Chapter 10. Is the Crowd Entrepreneurial? (p. 119)

Chapter 11. Equity Financing: Angels and (Ad)Ventures (p. 129)

Chapter 12. Guarantees: Obsolete or Sexy? (p. 151)

Part IV. Entrepreneurship: Capita Selecta

Chapter 13. Starters, Incubators, Accelerators and Hackethons (p. 169)

Chapter 14. The Gender Gap: An Untapped Growth Potential? (p. 187)

Chapter 15. Zombies, Exnovation and Innovation (p. 197)

Chapter 16. Delocalisation and the Scale-Up Gap (p. 205)

Overall Conclusion (p. 217)

Rudy Aernoudt