Are Entrepreneurs Born or Not?

2062 Words Oct 13th, 2005 9 Pages
Research in the field of entrepreneurship has over the years increased, yet questions and consensus over issues in the field of entrepreneurship have yet to be answered or agreed upon. (Lazenby et al., pg. 2) Issues include the definition of entrepreneurship and whether or not entrepreneurs are born or trained. In this essay the arguments involved in defining entrepreneurs will not be analysed, but specific attention will be given to the argument on whether or not entrepreneurs are born or trained.

According to Reynolds et al. (2000) "entrepreneurs are people who have both the will (in other words, desire or motivation) and the skill (the ability) to project their ideas or schemes into the future, and, by backing their judgement with
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"These include: 1. good listening skills, 2. ability to play passionate advocate, 3. broad knowledge and education, 4. sound judgement, 5. ability to separate the important things from the unimportant, 6. ability to set priorities and focus on goals, 7. pleasant scepticism." (Anonymous, 2003, pg. 2) Herb stated that vision and the ability to inspirationally communicate it others are the most important abilities required by successful entrepreneurs. Therefore according to Herb, entrepreneurs are born and trained, and require a mix of these two to become successful. The natural born characteristics of an entrepreneur are the building blocks or foundations on which entrepreneurs can build upon. (Anonymous, 2003, pg. 3-4)

"Entrepreneurs are born by circumstance – where there is hunger, where there is despair, where there is desire." (Chye, pg. 1) According to Brown (1999) some people are born entrepreneurs, with or without education they will succeed, whereas no amount of education can provide business success for someone that does not have the ‘entrepreneurial spirit '. (Brown, 1999, pg. 3) Skills and characteristics that entrepreneurs require include: critical thinking, reliance on experience, venture feasibility analysis, venture strategy and evaluation skills, networking, deal-making and harvesting skills. (Brown, 1999, pg. 4)

Hisrich and Peters (1998, pg. 20) categorize the various skills required by entrepreneurs as:
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