Why Entrepreneurs Are Born Or Made? Essay

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

What do entrepreneurs do that distinguishes them from any other person involved in business? Why is it that personality characteristics may be good predictors of who will be a successful entrepreneur?

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.

In Initial Human and Financial Capital as Predictors of New Venture Performance, Cooper et al (1994), reviewed a sample of 2994 entrepreneurs across various sectors, high-tech and non-high-tech, to determine whether an entrepreneur’s upbringing, experiences and education had a statistically significant relationship with the probability of success.

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

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.

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

This help leaders and managers to develop personal qualities such as creativity, risk taking and business skills ( Isaacs et al, 2007:616) . A lack of positive expectance always cause a problem in any business. (Albert & Poli, 2004:5), entrepreneurship education is an agent for the development and growth of orientated ventures.

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 reasons entrepreneurs form business entities: to protect personal assets and to reduce taxes, limited liability companies (LLCs) do both. Since their widespread application in the 1990’s, LLCs have become the most popular U.S. entity formation (Garcia-Gallont & Kilpinen, 2015). As is the case of corporations, limited liability provides “a mythical ‘corporate veil’” (p. 411) that protects the members’ personal assets from creditors (Albert, 2015).

So far then we have vision, passion, persistence, high risk tolerance, flexible and creative thinking. Throw in resilience for good measure. Not many people have these qualities up front, or maybe more importantly, are willing to adopt them. It is argued that our education system does nothing to promote entrepreneurship either. With its emphasis on conformity and "thinking inside the box", it arguably stifles creativity. It is interesting to note that people like Richard Branson, Alan Sugar and Steve Jobs didn't finish higher education, and Bill Gates dropped out of Harvard. I'm not saying

With the growing importance of entrepreneurship within today’s business industry it is of upmost importance to understand the motivations and intentions of individuals wanting to pursue an entrepreneurial career as this now accounts for X of the population and X% of income. Its apparent from the literature that “significant differences exist in the levels of entrepreneurial activity across countries” (Pinillo & Reyes, 2011) and existing research addresses the question as to why some countries have more entrepreneurs than others, a main answer to this question has been the one regarding the economic climate of the particular country, however this focus solely on economic explanations majorly “underexposes the role of culture” (Brown & Ulijn, 2004). It would seem meaningless to ignore this factor as something that influences the level of entrepreneurship between different countries as “the rate or level of entrepreneurship at the societal level depends upon the opportunities provided by the environment and these aspects are influenced by … culture” (Brown & Ulijn, 2004). Whilst much of the literature has focused on economic reasons for differences in entrepreneurship activity, it is suggested by Pinillo & Reyes (2011) that “culture, more than economic variables” plays a key role in explaining these differences.

First core characteristic is being an innovator, in here an entrepreneur introduces new ideas, products or methods that will be beneficial and will give entrepreneurial change to both organisation and the people they serve. An example of this within Auckland City Mission is that, they continue to strive hard to foster innovation based on research and practical experience of clients and knowledge from staff and other agencies in order to be effective.

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