Are Successful Entrepreneurs Born Or Made?

Ever meet someone so successful in their field of business that it seems like they were born to do it? Some individuals make the entrepreneur life look so effortless that you start to wonder if it’s in their DNA. For years, the question of whether successful entrepreneurs carry something special in their genes that gives them the edge over other people has been on the minds of thought leaders, scholars and industry authorities. While many believe that Elon Musk, for instance, had a soft landing upon entering the business scene, others argue that genes have nothing to do with it. I believe the simple answer to the age-old question is that entrepreneurs are made, not born. The main quality of entrepreneurship is innovation, which is not obtained naturally.

Passion, similar to ambition in entrepreneurship, makes your employment and business experience upgrade into entrepreneurship level (Kamai, 2011). Everyone have passion, and passion makes entrepreneurs start and grow their businesses. Passion is a personal quality that was acquired from experience.

The Importance of Innovation in Entrepreneurship

Both the rise in the sense of entitlement over the last couple years and the belief that becoming an entrepreneur is possible for anyone have a big role to play in this “fail and get acquired” practice. A business ecosystem that essentially says, “If you read about it and work hard, you can do it.”, is bullshit. There now needs to be a reset around how we look at entrepreneurship as a skill and talent and what it takes to start and lead a successful company. Most people think entrepreneurship is a developable skill, and it’s just not. Lawyer by education, but full-time entrepreneur, involved in international business, real estate & government consulting, business strategic planning, and technology development.

Some will become acquired by other companies, but rarely does that mean anyone actually made any money. Big Company A launches, it fails, investors lose money, and now they work at Big Company B instead. It is branded as an acquisition, but the reality is very different. People believed that raising several millions of dollars for a business meant that they were a successful entrepreneur. The definition of entrepreneur by Cantillon at first was linked together with the “assumption of risk” in economy.

Founder Mindset

The passion makes him/her give birth to new ideas and come out as a victorious entrepreneur. Entrepreneurs are not like athletes, they don’t need natural inherent body and muscles. An athlete’s child may grow up an athlete, but it would not happen in an entrepreneur’s family. Many businesses bankrupted entrepreneurs are born not made true or false everyday, including some entrepreneur’s family. However, entrepreneurs are nurtually made, and they own some special qualities and also need some trainings and experiences as athletes. Many people from non-entrepreneur’s families start their own business and become entrepreneurs everyday.

People are not born with good communication since we all start from learning languages, but they can start learning communication skills at an early age. Communicating well means the entrepreneurs will get their potential customers and gained more customers from a fabulous customer service. Salespeople will probably become successful entrepreneurs since they will touch the customers directly and know their needs (Mariotti and Glackin, 2010). Such as Ray Kroc –founder of McDonald, Aristotle Onassis, King C. Gillette, and W.

We have just lived through the greatest era of fake entrepreneurs. It was a second-wave dot-com boom that lasted five…

The popularity of the system proves the success of Microsoft, and makes Bill Gates the famous entrepreneur. Situational characteristics are the elements of the environment that entrepreneurs encounter while running their businesses. These characteristics can include the entrepreneur’s social environment, the economic environment, the political environment, and the technological environment. The social environment includes the entrepreneur’s family and friends, as well as their professional networks. The economic environment includes the level of economic development in a country, the availability of capital, and the tax regime. The political environment includes the degree of regulation in a country, as well as the amount of corruption.

The problem that Anita faced made her start her own business to solve the problem. The problem finding quality is the quality that everyone were born with, and the opportunity is just coming from those problems. Some aspects of entrepreneurism can be taught, but ultimately it is an innate characteristic that separates the entrepreneur from the rest of us. So yes, there needs to be a bit of nurture involved with entrepreneurial success. My advice would be to actively seek mentors and build a strong network of people who have your growth in mind.

Critical discussion of the statement

Researchers are starting to realize that entrepreneurism has more to do with the entrepreneur’s social situation than anything else. It is very rare for entrepreneurs to be created instead of being born because entrepreneurism touches on so many different areas – some psychological, others sociological. There is also an element of passion within the entrepreneur “nature” argument.

Imagine if the NBA opened up tryouts to everyone and anyone who tried out made the league and became an NBA player. That’s basically how we’ve been treating entrepreneurs and the start-up culture. Someone shows up to tryouts and they’re automatically referred to as an entrepreneur and someone who builds businesses. An excellent brand is the condensation of company values, culture and philosophy. It is the reflection of the enterprise strategy and technology which needs long-term efforts before its establishment.

The simple answer is that good entrepreneurs are innovative. To be a successful entrepreneur, an individual must be able to locate a problem and offer innovative solutions to that problem. Problem solving is a skill that everyone is born with; entrepreneurs have just learned how to leverage the opportunities that arise as a result of those problems. Innovation, however, is not something a person is born with; rather, it is a quality nurtured through leveraging opportunities. Because successful entrepreneurs develop the ability to maximize their potential, they tend to end up with the best-case scenario most of the time. What keeps most entrepreneurs in business is the ability to keep developing new strategies.

Why Do Business Owners Fail to Develop a Succession Plan?

The nature versus nurture aspect behind entrepreneurship has caused quite a bit of buzz. There is even a rumored “entrepreneur gene” that some say predisposes us for success in our chosen endeavors. In a 2013 Forbes article, David K. Williams discusses the Founders Institute aptitude and personality test relating to revenue growth and market success. So what are the characteristics and skills of a good entrepreneur?

• The problem with this statement is that it’s hard to teach someone how to take risks because this trait comes naturally to some people and not so much to others.
• On the other hand, the famous company, Apple, make its success by innovation.
• We can all be made into something, as long as we apply ourselves unconditionally.
• It is the entrepreneur and leader’s task to “communicate and listen, ask questions and summarize, articulate a goal, and build members confidence” (Reimers and Williams, 2009).

For example, conversely, a lot of people including Steven Jobs slowly form this insight after understanding the company’s current status and future. Lloyd is quite successful who leads the firm with nearly 100 lawyers to serve a number of global 500 companies through individual efforts, opportunities favor. Higher education is in fact a good investment in one’s future. Although I am not an entrepreneur myself, I would like to add some insights from my side. No one is fearless – neither an astronaut nor an entrepreneur.

The problem with this statement is that it’s hard to teach someone how to take risks because this trait comes naturally to some people and not so much to others. When studying entrepreneurism, it is important to not just consider the entrepreneur’s personality but also their social environment. Entrepreneurs are born out of necessity, not on how focused someone is or their determination. The entrepreneur is vulnerable and they must be able to work with many people who may have opposing views. Listen, everybody is born with some capability to run a business. But 90%  are born with the capability to run a business into the ground.

Business 101

To some extent, there is truth in this statement that an entrepreneur is born. First is the one who is born into a family that already owns a business. The second type of entrepreneur is the one who has no resources and no knowledge when it comes to investment, but he or she is full of ideas. An entrepreneur is a person or an individual who creates a business that could either be a big or a small business venture.

That’s why the business schools are teaching and training students the above skills. In addition to it, integrity, which leads to an honest business, is also a personal skill that were highly influenced from the living environment, not born. The business would not exist long if it cheated its customers. The entrepreneurs need to convince the clients to buy their product or invest their companies through the method of integrity, so that they will gain profit and get funding for their business.

And finally, the technological environment includes the availability of technology and the entrepreneur’s ability to use that technology. There are several reasons why people become entrepreneurs. Some people become entrepreneurs because they want to be their own boss and have more control over their lives. Other people become entrepreneurs because they want to make a lot of money and are motivated by the prospect of financial gain. Still, others become entrepreneurs because they see it to make a difference in the world and contribute to society in a meaningful way.

He or she is an innovator with great business plans, new ideas, and services. This helps in the development of a countries economy and also providing employment opportunities. The three most important resources that an entrepreneur requires are capital, land, and labor. Without these, he or she will not be able to achieve their dream venture. The current misjudgment in the business ecosystem—that raising money means you have achieved something or is something to celebrate—is insanity to me. As the economy gets tighter, these businesses will start to disappear.