Who Can be an Entrepreneur?

‘Herewith appear to be the most pressing matters; one, infective and inexperienced entrepreneurial leadership. Two, the dialectic nature between front of house and back of house, and three, a lack of general training motivation and direction in original concept.’

Bygrave, W.D. & Zacharakis, A. (2014). Entrepreneurship, 3rd ed. Hoboken, NJ: John Wiley & Sons, Inc. ISBN: 978-1-118-58289-3

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.

To get connected to potential investors Frank Addante developed the motivation to start up his ventures with experienced workers. In addition to raise outside funding easier Addante was able to learn from his more experienced partners. After Addante got a venture veteran he wanted to create something new on his own, with him standing in the first line making important decisions and being responsible for profit or loss.

Gerber argues that anyone can become an entrepreneur and create a successful company, a departure from the conventional wisdom on the question of whether entrepreneurs are born or made. Using a frame work he calls the "Dreaming Room," Gerber identifies four dimensions of the entrepreneurial personality and recommends a pathway to conceive of and develop a small business.with focused attention and the intention of actually achieving something and understanding the market, your core customers, securing capital, preparing financials—those kinds of elements? Every one of those

D’rita Robinson, Founder of Chatty Guest. First in family to go to college. Pursing a couple of career paths decided to embark. Ashlie Davis, Founder of Smash Shoes. Looked for ways to solve problems. Problem solving knack became my motivation to start Smash Shoes. Reginald F. Lewis was considered the richest African-American man’s in the 1980’s. Lewis went to Harvard Law School and he graduate from there to. Some potential cause include the growing power of entrenched and larger companies,slowing population growth, and more recently, the financial crisis, which wiped out hundreds of thousands of businesses. That’s bad new for anyone who understands that entrepreneurship, with its power to create jobs, has profound effects on the economy. Small business provides about half of all private sector jobs in the U.S. , per the Small Business Administration. The Kauffman Foundation's 2015 startup index shows dramatic changes in the composition of new entrepreneurship since 1996-new business owners are now 40% Asian,Black and Latino, compared to 23% two decades ago. It turns out to be African American Entrepreneurs are more likely to be “necessity-based”

This situation is similar to that of Carnegie’s, since his branching out into the business and investment field was highly encouraged by Thomas A. Scott, the superintendent of the railroad system in Pennsylvania. Both figures’ ability to network and learn from their employers are essential to their success. This is also in compliance with several aspects of the American Dream today. Many successful figures will often note that networking opportunities is both college and the workforce are far more important than education in general. In the case of Carnegie and Gatsby, this is especially true.

Mankind has thrived off of the dependability of ideas and the application of them for centuries. Moreover, humans have sustained healthy lives through developments and inventions that have improved the world around them. From the earliest Mesopotamian creation of the wheel to Apple’s recent release of the iPhone 7, groundbreaking revelations have perpetuated and molded human survival in some aspect. Anyone can generate an idea, but rather, it is the ability to transform that idea into a development that is valued by many--which is what makes being an entrepreneur remarkable. Entrepreneurs are some of the keenest, most creative, and passionate people that walk the earth.

An entrepreneur is someone who organizes, manages, and assumes the risks of a business or enterprise (Merriam-Webster, n.d). Some characteristics of an entrepreneur are, the willingness to work hard, the desire for responsibility and the confidence in their ability to succeed. The person that I chose to interview for this paper is, Adama Kuyateh.

Entrepreneurs are risk takers in the market. They are willing to gamble their hard work for a business that may fail or succeed. Many fail to keep their business alive, however; others are lucky to compete and survive in the market. Entrepreneurs like Maribel Galsim, owner of Maribel’s Daycare, were successful in their business. Maribel’s Daycare was successful because of hard work, patience, and being adaptable.

During the great depression, most people were not doing well, but there were some who saw opportunities that no one else saw. This course is all about “finding your own opportunities”. She teaches “Intrapreneurship” to corporations and their employees, where they learn how to create their own opportunities and promote the same within the existing corporation”.

Tim Westergren’s upbringing, college experience and immediate post-college work scream entrepreneur. He was curious, creative, bright and loathed rule and structure. He was also a natural leader who could easily persuade others. Though he struggled with a scattered attention span and with impatience. These attributes are characteristic of many entrepreneurs.

Entrepreneurship is difficult to define throughout its history research. Even nowadays, this concept is still a debatable point (Rajendra, et al., 2017). Based on four decades of research, Gartner (1988) concludes that entrepreneurs are founders of new firms. Shane and Venkataraman (2000) consider entrepreneurship as “a new venture’s risk-taking endeavor seeking an opportunity” and Fortunato (2014) adds innovative value into the concept of entrepreneurship. Thus, research on the definition of entrepreneurship continue. According to those diverse views, I will interpret six unique entrepreneurial characteristics and theoretically analyze each one. Risk taker, need for achievement and proactivity as my strengthens will be illustrated with my experience. Innovativeness, internal locus of control and tolerance for ambiguity are my weaknesses, thus I will describe relevant successful Entrepreneurs’ experiences.

There has been extensive research conducted on the characteristics that successful entrepreneurs possess. These attributes vary widely across literature, however there are common key traits that are required to achieve any form of success. Frederick et al (2013) suggest entrepreneurs are risk takers, optimistic, have sound judgement and an ability to manage. While a review of literature relating to the psychology of an entrepreneur reveals a large variety of characteristics in a successful entrepreneur, these can be consolidated to a a few into only a few traits that are essential for a successful entrepreneur. Whilst taking into

There are two sides to every debate, and the "what makes an entrepreneur" argument has raged for decades with neither side able to conclusively prove their case. There are many who believe that an entrepreneur must possess personality traits such as vision, passion and drive that are innate and cannot be taught. Others argue that the skills of evaluating opportunities, motivating people and operating a business are easily passed on to eager students looking to be entrepreneurs. The truth is that both sides are right and it's time for a compromise: Entrepreneurs are born and made. Some people may be natural entrepreneurs and immediately open a business, others will have studied and