The truth is that entrepreneurs can be both born and made.
There are two schools of thought on the debatable question of “Are entrepreneurs born or made” that answer the origins of an entrepreneur.
One is that entrepreneurs are born with a certain set of skills, talents, and attributes.
The other is that entrepreneurs are made by acquiring skills and knowledge over time.
The people who believe that entrepreneurs are born with a certain set of skills, talents, and attributes range from those qualities being very strategic to being highly creative or even having an "I don't care" attitude.
While others believe that entrepreneurs are made by acquiring skills and knowledge over time. This would include learning how to do research, manage money, understand markets, knowing how to manage teams, or how build things themselves.
The term ‘born entrepreneur’ has been used for decades, but recently it has been seen as a negative connotation.Entrepreneursare now seen as people who have the skills and knowledge to create successful companies.
A born entrepreneur is someone who has innate, “entrepreneur signs” such as risk-taking, creativity, curiosity, hard-working, perseverance, resilience, and leadership skills that allow them to take on entrepreneurial roles.
They are then given opportunities to develop these natural skills in order to become a successful entrepreneur.
On the other hand, a made entrepreneur is someone who does not have these innate qualities but instead learns by experience or in spite of their lack of natural inclination in entrepreneurship. They use their acquired skills in entrepreneurship in order to be successful.
There is another thought on the "are entrepreneurs born or made” debate which takes arguments from both sides and make it one.
Here's what they have to say:
Entrepreneurs are made through different experiences like overcoming obstacles and adversity, taking risks, and developing skills for innovation.
They may not have been successful entrepreneurs born with innate qualities, but they have a personality that is compatible with entrepreneurship, the right mindset for taking risks, the willingness to fail, high levels of self-esteem, and self-efficacy, all of which contribute to their ability to take on risks.
And finally, an entrepreneur has an entrepreneurial personality characterized by being very persistent in achieving what they want.
Many entrepreneurs start their own businesses in the business world without formal education from a business school.
They rely on innovative solutions to navigate the business news and market trends and may learn through trial and error.
However, some may seek a leadership position in the industry by pursuing formal education and gaining knowledge through business school.
Personality Traits That Are Necessary to Be an Entrepreneur
You may have heard the phrase "It takes ten years to make an overnight success."
There is a lot of truth in this.
Patience is a key element for entrepreneurs, and it helps build a level of confidence in yourself.
In general, patience helps with creativity and innovation. You need to be able to see the bigger picture. Patience is also important because it helps you manage your energy levels and deal with stress better.
This allows you to stay focused on your goals and not get distracted by other things that may not be as important. You can be an entrepreneur, born or made to be patient but anyway, this is one of the most important attributes.
2. Self Motivation
You can either be born or made a self-motivated entrepreneur, it doesn't matter as far as you have the trait.
Entrepreneurs have a huge drive, ambition, and determination to get things done. They know what they want and do whatever it takes to make it happen.
The entrepreneurial mind is very persistent in its pursuit of the goal. It has the patience for trial and error, while still being resilient enough not to let failures stop them from continuing its pursuit.
Self-motivation is an integral part of entrepreneurship. It is what drives individuals to take risks and succeed in business.
But the question remains if self-motivated entrepreneurs are born or made?
Some researchers believe that self-motivated people are born with it, while others cite upbringing as the reason for somebody’s success.
There has not been enough research to establish a definite link between one or the other, but some studies have shown that there is a relationship between self-motivation and genetics.
The answer to this question will vary depending on who you ask. T
here are those who believe that you can't teach someone to be self-motivated, you either have it or you don't.
However, there are also those who say different experiences can affect your level of motivation.
Is it possible to teach discipline?
Are entrepreneurs born or made to be disciplined?
Is discipline something that can be learned or is it something that you are born with?
Discipline is not innate; it’s a skill that needs to be learned, created, and practiced.
Discipline is difficult to teach but it can be taught by example. It is the backbone of an entrepreneur’s success. Without discipline, one cannot reach their full potential.
Entrepreneurs are not born; they are made with the right mindset and the right skillset. They need to know how to set priorities, stay disciplined in their work habits, and execute their plans. If you want to be an entrepreneur then you need to practice self-discipline.
4. Hard Work
Are entrepreneurs born or made hard working?
Entrepreneurship is a daunting task, and many people would rather devote themselves to a more stable career path than be an entrepreneur. It can often be understandable because it is not easy being an entrepreneur. You have to be willing to work hard and take risks with your company.
For entrepreneurs to succeed, they must be willing to sacrifice their time and resources so that their aspirations can come true. The reality is that most entrepreneurs go through a journey of hard work before they can get their businesses off the ground.
In order to make a successful business, you have to put in hard work from day one. Entrepreneurship requires hard work - both during the initial stages, when you are building your concept and once it's up and running.
5. Ability to Lead
Entrepreneur naturally possess a certain level of ambition and drive that can't be learned.
Regardless of whether someone is a born or made leader, they can enhance their leadership skills by engaging in activities that develop the necessary skill sets.
Leadership is a natural talent possessed by many people, but not everyone who has this talent lives out their entrepreneurial dream of starting their own business.
his is because there are other skill sets required to succeed in entrepreneurship mentioned earlier, in addition to just being ambitious and driven.
Entrepreneurs should continue to hone their leadership skills by engaging in activities that develop the necessary skill sets.
One third quality that successful entrepreneurs possess is the ability to learn from their mistakes and adapt to changing circumstances. Making mistakes is inevitable, but it's important to learn from them and use those lessons to improve future decisions and not make same mistake again.
Reasons Why Entrepreneurs Are Born
Have you ever gazed upon someone and thought, "They were born to do this"? When it comes to entrepreneurship, there's a debate on nature vs. nurture. But, there are compelling reasons to believe that some entrepreneurs are, indeed, born. Curious? Let's dive in.
Childhood Ventures Do you remember the kids who ran neighborhood lemonade stands or sold crafts? They weren’t just playing; they were showcasing an early entrepreneurial spirit.
Genetic Predisposition Did you know there's science behind this? A 2016 study in 'Management Science' unveiled that 37-48% of the inclination to become an entrepreneur might be in our genes. That's mind-boggling, isn't it?
Inherent Risk-Taking Some people jump while others hesitate. Born entrepreneurs often have an in-built tolerance for risk, something beyond mere learning.
Brain Chemistry This is a bit complex, but stay with me. People with higher levels of dopamine, a neurotransmitter in the brain, tend to be more entrepreneurial. It’s not just mindset; it’s molecular!
Natural Problem Solvers Ever met someone who just has to solve problems? They can't rest until they've cracked the code. That relentless curiosity and drive? It's innate for many entrepreneurs.
Instinctual Drive It's not just about wanting to succeed. It's an inner compulsion, a fire that can't be quenched by anything other than pursuing their vision.
Why does this matter? Because understanding the inherent traits of entrepreneurs helps in nurturing and guiding them. And whether you believe in born entrepreneurs or not, they undeniably shape our world. If you resonate with these traits, perhaps entrepreneurship is in your DNA.