Entrpreneurs Who are Born or Made

Entrepreneurship is a term that has reentered the public vernacular over the last few years, many times in reference to what is wrong with America but what it means is rarely defined. Furthermore, it is generally agreed that more Entrepreneurship is a desirable trait but how to go about encouraging it is again a point of contention. This paper will address a specific facet of entrepreneurship and attempt to discover what are the key drivers to foster an entrepreneurial spirit from childhood.

Have you ever wondered who thought about the idea of creating a multinational retail corporation here in America called Wal-Mart? Sam Walton - founder of Wal-Mart was behind that idea. Sam Walton is an example of great entrepreneur who wanted to make his business successful. An entrepreneur needs a variety of skills but does not need to have a formal education. Being an entrepreneur is challenging even if an individual is well educated on the field or has no education at all. There is always the risk conducting business because of the competition with other companies. However, what does an entrepreneur do? Do you have what it takes to be on top the business world and compete ? An entrepreneur must have is a guide to start and run a business even if it is a big or small business.

Well to me it depends on the mind-set of an individual, his/her innate abilities and capabilities. I myself broadly classify entrepreneurs into two types, The Inventors (those who with their discrete and genius intellect pioneer goods and services that never existed) and the Innovators (take existing idea and innovate it with their brilliance). It is the category that defines the set of skills, traits and characteristics suited to that entrepreneur. For example the first type of entrepreneurs i.e. Inventors are revolutionary blended with growth orientation. They want to revolutionize the market or industry and grow at some rate so that their product becomes a necessity e.g. Thomas Edison, While on the other hand

The purpose of a rhetorical message is to persuade an audience in favor of a particular viewpoint. That is easier said than done. This essay will articulate the different rhetorical characteristics the author Gary Vaynerchuk used in his multimodal text titled, “The Entrepreneurial Spirit: Are Entrepreneurs Born or Made?” This text suggests that the term entrepreneur is used loosely and that successful entrepreneurs are born with innate traits rather than obtaining those traits throughout life.

Dr. Peter Watt, a professor at York St. John University, says that “one reason entrepreneurs drop out is the basic narrative as a restatement of Alger’s ‘rags-to-riches’ paradigm, [which] can be conceptualized, in its most simple form, as a narrative of ‘overcoming’ ” (Watt 35). In other words, entrepreneurs feel motivated to succeed more when they get the feeling of overcoming some form of adversity, such as dropping out. Similarly, Professor William Nickels asserts that being a successful entrepreneur is based more off of “personality.” According to Nickels, “You [aspiring entrepreneur] can learn about managerial and leadership skills needed to run a firm. However, you may not have the personality to assume the risks… [S]uch personality traits are harder to learn or acquire than academic skills” (Nichols 154). Essentially, Nickels position is that “to be a successful entrepreneur one must have entrepreneurial personality, be self-directed, self-nurtured, be action-oriented, energetic, and tolerant of uncertainty.” (Nickels et. al 154). Ironically, Nickels is a college professor who is telling this to his students. Perhaps he holds these views because some of his previous students who excelled in the course work, were not successful entrepreneurs. If personality traits dictates entrepreneurial skills, then does this attitude explain why

Each and every person has the potential and free choice to pursue a career as an entrepreneur.

I think that to be a successful entrepreneur one should constantly innovate and be creative. To be able to do that, learning should be a continuous process.According to Mount, debate on whether entrepreneurs are born or made can heat up pretty soon. He mentioned about Bills Gates children launching their own businesses in the future as exposure to the business world seems to have an effect on ones decision in venturing into their family business. However, Mount cited accounts about educators believing that entrepreneurship skills can be taught. (Source: Are entrepreneurs born or made? by Ian Mount (2009) Retrieved: 14 February 2015 from: http://money.cnn.com/2009/12/09/smallbusiness/entrepreneurs_born_not_made.fsb/). We are not a family of businessmen, my father was a government employee and my mother - a plain housewife. I never knew of any ancestors engaged in businesses aside from the being a farmer - during harvest time they would trade crops with other harvest from their fellow farmers. This barter kind of transaction only happens when harvest is more than what the family can consume, this is the only business I could recall from the stories of my parents during our early childhood years. According to business dictionary, a business is an organization or economic system where goods and services are

I think that to be a successful entrepreneur one should constantly innovate and be creative. To be able to do that, learning should be a continuous process.According to Mount, debate on whether entrepreneurs are born or made can heat up pretty soon. He mentioned about Bills Gates children launching their own businesses in the future as exposure to the business world seems to have an effect on ones decision in venturing into their family business. However, Mount cited accounts about educators believing that entrepreneurship skills can be taught. (Source: Are entrepreneurs born or made? by Ian Mount (2009) Retrieved: 14February2015 from: http://money.cnn.com/2009/12/09/smallbusiness/entrepreneurs_born_not_made.fsb/). We are not a family of businessmen, my father was a government employee and my mother - a plain housewife. I never knew of any ancestors engaged in businesses aside from the being a farmer - during harvest time they would trade crops with other harvest from their fellow farmers. This barter kind of transaction only happens when harvest is more than what the family can consume, this is the only business I could recall from the stories of my parents during our early childhood years. According to business dictionary, a business is an organization or economic system where goods and services are

So why entrepreneurship? The idea that could lead to making enough money where you could pile it to compare to a skyscraper and still be taller. So why isn’t everyone an entrepreneur? That’s because it will take blood sweat and tears to make your idea a success. The success of an idea comes in all sorts of varieties. For example, Californian advertising executive Gary Dahl, was the first to create the ordinary grey stones bought at a supply store and convinced that they were alive – Pet Rocks. The marketing strategy was built around a fad that lasted only six months, yet he made millions and got out. Marketing is way to get your name out to others.

In his view, the entrepreneur is a revolutionary innovator that “requires aptitudes that are present only in a small fraction of the population” (Schumpeter, 1946, p.132). These aptitudes include; a strong intellectual capacity, drive and determination, creativity, and leadership skills (Schumpeter, 1934).

After research on all these topics we determined that anyone can become an entrepreneur, entrepreneurship has many different definitions but one basic feature: the need for achievement and it takes a strong start, taking risks, and putting profits back into the business to run and grow the business.

Whenever you get in your car in the morning, or go to the movies or dinner, thank an entrepreneur. When you go to work to earn a living, thank an entrepreneur. When you pick up your groceries from the store, thank an entrepreneur. Entrepreneurs are the ones who bring us a lot of the things that we enjoy on a daily basis. They create jobs, products and most importantly, the road to a better future. Entrepreneurship is not for everyone. It is not easy work to make it in this field, but if someone does make it then it can be a very rewarding career. It requires a lot of hard work and an excellent set of skills. In order to be successful as an entrepreneur one needs to have an idea, they need to know how to correctly implement that idea and they need to do something about that idea.

This paper examines the myths associated with what it takes to be an entrepreneur, the profiles and the common characteristics among these successful entrepreneurs.

One of the key factors to the growth of an economy is the importance it places on entrepreneurs. These are the individuals that take risks to bring innovations, employment and new products to the economy. They provide an inspiration to millions who wish to try their luck at starting a successful business and to those who wish to become a natural at the entrepreneurial process. But can the qualities of an entrepreneur be taught or are they already in the genes that one is born with? This has been one of the longest-standing debates in entrepreneurship and one that does not have a definitive answer.

Entrepreneurship is often a difficult undertaking since a majority of new businesses fail, but in many ways, it 's never been easier to become an entrepreneur. According to research by Shikhar Ghosh, a Harvard business school lecturer, three out of four venture-backed start ups fail (Bruder). Ghosh also found that more than 95% of start ups fall short of their initial projections (Bruder). Being an entrepreneur is not as easy as some people think. The hours are long and sometimes they have to make hard decisions, but the ability to stand behind your decisions is essential (Drexler). People like Bill Gates, Michael Dell, Steve Jobs, and Larry Page form our conception of entrepreneurship. The inventions and products created by these people