Here’s a remarkably clear description of the entrepreneur’s role from Frank Zappa. In short, the risks are big, the rewards are uncertain and the personnel should be focused on the mission or they should leave.
In the late 1980s, I recall Zappa appearing on “Crossfire” to discuss the problems associated with attempts to limit or punish artists who use off-color language or produce work that deals with off-color themes. At one point in the discussion, he defiantly calls himself a “conservative.” Given this description of what an entrepreneur actually does, I now more fully understand what he meant.
This should be required listening for anyone (*cough* Republicans *cough*) who claim to admire those who take big financial risks in pursuit of big rewards.