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Entrepreneurs Are Born And Not Made?

1402 words - 6 pages

Entrepreneurs are born and not made
An entrepreneur is ‘a person who has possession of a new enterprise, venture or idea and assumes significant accountability for the inherent risks and the outcome.’ So are entrepreneurs born? Or made? There have been many debates from businessmen to academics alike on whether entrepreneurs are born or made, but is it as straight forward as that? In this essay I will evaluate arguments both for and against this statement and conclude it with my own personal observation.
The argument for this statement that entrepreneurs are born is a scientific one, with the questions being are there specific entrepreneurial genes and/or chromosomes. Some of the ...view middle of the document...

It is just awful. I often have people saying they are going to sell everything and become an entrepreneur, and I say for goodness sake don’t do it. Very few people are wealth creators and it is really important that people realize where their strength lies.” Another argument for this statement is by looking at the two of the country’s most successful entrepreneurs Lord Alan Sugar and Sir Richard Branson. It is common fact that both of these men did not achieve significant success in education. Both Sir Richard Branson and Lord Sugar left school when they were 16, starting up their first businesses and have now become two of Britain’s richest men.
Although there is not any real significant evidence for this statement, it is widely believed to have some truth behind it. Many scientists are conducting experiments and studies in relation to the topic of nature vs nurture, but yet to have wielded and concrete results. An article written by Greg Watson talks of one of these experiments that suggest nature wins this argument. ‘Stanford University conducted a research project… continued and ongoing achievements.’
The second part of this argument is that Entrepreneurs are made, or as otherwise defined as nurtured. Nurtured is defined as ‘the sum of environmental influences and conditions acting on an organism’, therefore the first influences acting on an entrepreneur are the social influences. All personal character traits are either encouraged, discouraged and over time developed in the social environment that they find themselves in. Examples of these include family, ethnic group, work, education etc. Perhaps the two most influential of these are work and education. Stated in an article by Karen E. Klein it is believed that a study by the University of California shows ‘87 percent of successful entrepreneurs start companies in niches where they already have business experience.’ This would suggest that an entrepreneur’s previous career would massively influence their choice in business venture. Education is also extremely influential. It is widely known that as a whole, people who go stay in education for longer are more likely to be successful in their chosen careers. ‘There is abundant evidence in every-day life and scientific literature for the fact that the acquisition of education improves the future earnings and overall success of individuals,’ (Angrist and Krueger, 1999). Peter Jones is an entrepreneur who strongly believes that education and in particular entrepreneurship can be taught, highlighted by the fact he has just established the National Enterprise Academy (NEA), the UK’s first academic institution solely dedicated to teaching enterprise and entrepreneurship. For an article in the Times, Peter Jones says, ‘While there is no simple answer to solve the issue of rising youth unemployment, innovative educational programmes have a key role to play... Entrepreneurship is a skill that can be taught like any other. Entrepreneurs are not...

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