Entrepreneurs Are Not Made They Are Born

2564 WordsNov 15, 201411 Pages
Introduction Entrepreneur is the person who starts business individual and takes risk as he is the responsible for business success and fail. "One who starts or assumes control of a business or other independent enterprise, often employing innovation and more than an ordinary degree of risk." Source: entrepreneur encyclopedia "An individual who, rather than working as an employee, runs a small business and assumes all the risk and reward of a given business venture, idea, or good or service offered for sale. The entrepreneur is commonly seen as a business leader and innovator of new ideas and business processes." Source: investopedia Entrepreneurs are not made they are born. The characteristics of entrepreneurs such as risk takers leadership, creative, quick decision maker and others can not taught or learn these qualities are in their blood. (Kuratko, 2005, p5) "Entrepreneurship and firm creation generate jobs The creations of new businesses and the contraction or exit of less productive firms are key elements in the dynamism of modern economies. New firms attract resources to new activities, and when they prosper and are able to grow rapidly, they generate significant numbers of new jobs. Empirical work at the OECD indicates that entry of new firms in most countries is similar to exit of existing firms, and perhaps surprisingly, there do not appear to be great differences in entry and exit rates across countries. On the other hand, young firms seem likely to grow
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