Entrepreneurs are born, as well as made – Explanation

Entrepreneurs are born, as well as made – Explanation

Entrepreneurs are born, as well as made –

Entrepreneur refers to a person who set up his own business with a new idea or concept. S/he is a person who creates something new and assumes the risks and rewards associated with that innovation. Entrepreneurs are not totally born nor made. Entrepreneurs are not like athletes, they don’t need natural inherent body and muscles.

Whether “entrepreneurs are born or made” is still a controversy. Earlier, people used to believe that “entrepreneurs are born, not made”. That is, persons with business with family background could become successful entrepreneurs.

Subsequently, the sharpened knowledge of entrepreneurial competencies made people believe that “entrepreneurs are made, not born”. That is, persons possessing prom knowledge and skill acquired through education and experience can become successful entrepreneurs. Many entrepreneurs get started on their path when they come up with ideas and are prevented from implementing them.

An entrepreneur possesses some exceptional qualities that make him distinct from others. These are (FORD-PHILIPS-MEET)- foresight, organizing capability, risk-taking ability, initiative, desire for high achievement, patience, hard-working, innovative power, leadership capacity, intelligence, physical and mental strength, self-confidence, motivating power, eagerness and enthusiasm, education and experience, time-sense, etc.

From the above qualities, it is clear that most of the entrepreneurial qualities are inborn and cannot be achieved. That is, “entrepreneurs are born, not made”. But now, “entrepreneurs are born, not made” is an old concept. Because, it is no possible to make some entrepreneurs through education, training or providing social and financial assistance to them.

Finally, we can say that “entrepreneurs are born as well as made”.