I agree that when it comes to the free market, it is not as scary as one may take it. Each party involved in the free market transaction has the right the decline or accept the offer. Not so scary after all.
If two people come together and agree to make the transaction, then they should be allowed to do so. If both parties were not better off, they would not enter into this agreement. In that sense, a free exchange maximizes the net positive, assuming there are no nefarious actions being taken by either party.
Here I totally agree. If the transaction benefits both parties then it would be smart for both parties to accept, but they are not obliged to accept if they wish not to. I like how you worded that when it comes to an entrepreneur, their main goal is to create a product to put them in the free market realm. I have not thought about it like that before. One thing I would have to disagree on is when you said that every transaction an entrepreneur enters leaves off better than before. That is not always the case. Sure more often then not, the transaction is beneficial for both parties but there are those when the agreed transaction hurts both parties. It is very true that not all products an entrepreneur creates will end in a profit. Usually more often than not, the first go -around ends in loss. But that is the beauty of the game. Trial and error, learning what you did wrong to make it better the next time. However, I would have to disagree when u said there is no going back once production has started. There is no rule/law saying once produced you cannot go back. That is what makes being an entrepreneur so unique. There is no written rule on how to go about your own business. If you do not like how production is going, go back and redo it. As you stated, a huge part of the process is being flexible and adapt when things change. In your Disruptive Innovation I agree with everything you talked about. Part of the game is thinking a few steps ahead and thinking about what businesses might come into play instead of just focusing on the companies that are currently alive. Thinking of a product that can revolutionize a generation does not just start with the generation you are currently living in but with the ones that follow.