He is the very definition of an entrepreneur. Most of the stuff you see selling in the streets of NYC is not "legal" because of not having the proper permits or any number of bureaucratic issues but you damn sure are not going to tell me these people are not entrepreneurs.
especially a business (It is a business)
usually with considerable initiative and risk" (He went to the store, bought some candy, sold it. No risk, limited initiative, certainly not considerable imitative.)
The world would be a better place without a guy selling candy on a subway.
This is to make no comment on whether what he is doing is good or even legal; but clearly there is 55k worth of demand for a service that he is providing so it is difficult for me to accept that the world would be a better place without this particular gentleman selling candy on a subway.
2. "Initiative and resourcefulness."
He at least fits one of the requirements for the word enterprise.
As someone said previously in this thread, most of the people on this site have no idea what it means to actually "sell" something. Anytime you put your own money on the line to gain a profit you are taking a risk.
"Limited initiative"? Do you have any idea what it takes to go out in public and get rejected 90% of the time to make that one sale? His initiative is definitely not limited.
Do you know why Jason Fried's article http://www.inc.com/magazine/20110301/making-money-small-busi... in Inc was so on point? It was because selling is a skill and you really do have to practice to be good at it. I would say for most people its harder to learn how to sell than it is to learn how to become a programmer. Humans have more variables.
Why would the world be a better place without a guy selling candy on the subway? I can see where it could be a problem if the subway became overwhelmed with these guys but that's not the case. I ride the subway all of the time and you know what, I ignore these guys just like most New Yorkers do. Are the guys selling water bottles on the sidewalk during a hot day a nuisance as well?
"He didn't come up with a new and interesting way to sell shit."
He identified an untapped location/population, and acted on it. How is that not finding a new way to "sell shit"?
I've had people try to sell me candy on the L before. I said, "no thanks" and that was that. I imagine this is the end result of 99.99999% of interactions between people on public transportation. (Someone stole my shoes once after he asked to read my newspaper and I gave it to him. That's the 0.000001% case :)
Besides, doing something because other people find it interesting is a terrible way to make life choices.
Incidentally, I love the NY subway for all its various distractions -- the breakdancers, the flashmobbers, and yes, even the panhandlers, because it's always interesting to observe how passengers react to them.