B. Are Entrepreneurs Born or Made?
The idea that Entrepreneurs are all made is obserred. This essay aims to convey that the attributes needed to make entrepreneurs cannot be taught or learned for the purpose of making a successful entrepreneur. An Entrepreneur is defined as someone who is driven to undertake a venture through their own initiative in order to be successful. They’ll assume the responsibilities of accumulating all the capital to finance the business as well as taking on all the risks they may encounter (Burch 1986). It would be very cynical to think that all entrepreneurships1 are run by people who are only born to be entrepreneur because there are success stories on both sides of the argument. However, many researches have been carried out and have shown the majority of successful businesses are run by people who were inspired on their own accord to take the risk of introducing their business ideas, products or services to the market to satisfy their drive for success (Black Enterprise 2007). A primarily individual is able to poses the skills, experience and knowledge which could allow them to take on the role as an entrepreneur. However, this doesn’t suggest that they are suited or bound to be successful entrepreneurs. This is the case because of the lack the most important aspect the innate drive of being an entrepreneur which can never be taught or be implemented into someone to be a successful entrepreneur. These attributes are; Intuitive, Determination, Opportunistic, Self-confident and Independent (Burch 1986: Rae 2007). However, there are four critical aspects that an Entrepreneur must have which cannot be learnt or be acquired by experience or skills. These are Innovation, Creativity, Risk Tolerance and Independency. (REF) The innovation and desire of bring an ideal, goods or a service to life is a critical part of being a successful entrepreneurs. A person may have the desire to run...