How Do You Define the Entrepreneurial Mind Set?


Today’s entrepreneur has many commonalities with seafarers from hundreds of years ago. That’s the connection renowned entrepreneurial expert, author and professor Dr. Patrick Murphy makes in his teachings. Murphy is the Goodrich Chair of Entrepreneurship & Director of the Entrepreneurship Program at UAB (University of Alabama, Birmingham). He joined host Adam Morrisey on Tuesdays with Morrisey to talk about the topic.

“You could say Steve Jobs and Magellan had similarities. The way seafarers operated 600 years ago is not unlike entrepreneurs of today,” Murphy explained.

With this reframing, Murphy has written books and articles on the subject. It’s also a major pillar for learners. According to him, one thing that makes these people unique is, “They have a strong sense of purpose that they will make sacrifices for like the hero’s journey. they believe something strongly, and that brings out the best and worst of human nature.”

These seemingly disparate groups actually have many paralegals. They navigated uncertainty and had to build a culture. Murphy added, “Uncertainty has an infinity around it. The risk it creates is an art form of leadership.”

They also had high failure rates and had to raise money. Another aspect of both groups is that of mutiny. “Today’s mutinies are social and intellectual rather than physical,” Murphy acknowledged. However, they are alike and a normal part of life on the sea and a start-up.

Silicon Valley mutiny in the 1950s, abundance who mutinied to found companies like what Oracle is today.

“It’s a coordinated upward defiance of authority. Silicon Valley itself is the result of a mutiny. When a mutiny happens, the matrix of opportunities and threats becomes internal. It helps them strategize. It’s a new way of doing things.”

The first newsletter will release Tuesday March 1st, make sure to follow along by subscribing here.

More Stories Like This:

Will Manufacturing “Reshore” To Fix Supply Chain Bottlenecks?

How Top Dallas Companies Turned the Pandemic into an Era of Success

Follow us on social media for the latest updates in B2B!


Finding your identity
Finding Your Identity with Dustin Odham
June 6, 2023

In an era where screens dominate our time, finding your personal identity becomes a challenge. Our generation is shaping itself based on an increasingly virtual world, often losing touch with the inner self. In fact, a recent study suggests that we could end up spending at least ten years of our life in front of […]

Read More
Conversations from Shoptalk Europe: Retail Refined meets with Christoffer Sellin from COS
June 6, 2023

Shoptalk Europe 2023 brought the technologies and channels driving the future of retail into a clear perspective. This year’s annual event from May 9-11 in Barcelona allowed Retail Refined’s Melissa Gonzalez to sit down with key stakeholders making a difference in the market. COS (Collection of Style) is a European fashion brand doing innovative things […]

Read More
PGA Tour LIV Golf Merger
Why the Merger of the PGA Tour and LIV Golf is Great for Golf
June 6, 2023

The PGA Tour, LIV Golf, and DP World Tour have announced their merger, putting an end to the conflict that has dominated sports business news for the past 18 months. This merger is expected to bring more financial opportunities, increased accessibility for fans, and a variety of golf events. It is seen as a […]

Read More