Are Entrepreneurs Born or Made Essay

IntroductionAn enterpriser is a person who sets up a calling by taking on financial risks in hope to make a profit. The word entrepreneur stems from the French word entreprendr which instrument to under seclude. A couple of examples atomic number 18 Lord Alan Sugar and Bill Gates. Lord Sugar is an entrepreneur expenditure 800 million. He started by selling car aerials out of a van, he then set up his company, Amstrad which sold afford fitted hi-fi turntable covers. In 1993 he founded Amsair Executive Aviation with his son Daniel who provide executive director and business jet charters. Bill Gates was the worlds low gear centibillionaire. He began programming aged 13 and continued to gain pass with computing before studying law at Harvard. He played out most of time there programming and created Microsoft. This became the most used computer softwargon in the world. He was CEO up until 2008 and is still a chair in the company. This essay allow look at the characters that many a(prenominal) an(prenominal) entrepreneurs have and see which ones you be born with and which are attainable with education or rearing allowing anyone to establish an entrepreneur. It will conclude contestation that entrepreneurs are made though not all the traits tail end be improved by training.Traits of EntrepreneursOne trait of entrepreneurs is the need for independency (Brooks 2011). more than entrepreneurs do not want to kick the bucket for other people and it is this independency that attracts them as they can control their own work and smell, it is often a more flexible lifestyle as an entrepreneur can puddle time off when he wants to. Another trait is the need for cessation (Delgado-Garca et al. 2012). This is believed to be the main drive in entrepreneurs and it isnt incessantly making money that is the aim. Often their targets are actually personal such(prenominal) as becoming international or to employ 100 employees (Brooks 2011). thither is also th e trait of having an internal locus of control. Being an internal nub that you believe you control a broad array of factors in your life (Judge & Bono 2001). An external is the opposite and believes in sight and not being able to control your entire life.These people are less likely to take risks and therefore would make poor entrepreneurs. Entrepreneurs need to be self reassured. If an entrepreneur isnt confident in their product or service they are providing then it will be less likelythe entrepreneur will be successful. For investors and shareholders to be confident in the business or business plan then the entrepreneur must be 100% confident in what he is pitching. Entrepreneurs must be innovative also. They must be able to use innovation to create an opportunity. It is a key out cleverness to be able to spot gaps in the market, and take this opportunity to overhaul a successful business to make money and produce impertinent products.Born or do?Starting with the first t rait independence, independence meaning not wanting to be an employee but be self industrious. This is a personal preference which you whitethorn be born with and endlessly have a desire to be your own boss. However, this preference whitethorn come down to a parent being self employed and seeing him/her having the freedom to take days or afternoons off work and be more flexible whitethorn encourage their offspring to be entrepreneurs. The trait of needing fulfilment is one that most people are each born with or not born with. Many people may be happy in a job where they are earning a decent amount and dont feel the need to listen and move up in a companys hierarchy or leave their job and come an entrepreneur. However, people may not be born with the need for fulfilment but have an fancy they genuinely think will succeed and this may encourage them to become more motivated and they will want it to succeed.Overall, the trait of needing fulfilment and action is one that can be a dopted when older and not ineluctably born with. In the case of the internal locus of control, this is something that people may have strong views about and many people make up their own mind about whether they control their own lives or whether fate decides. Education and training is unlikely to change peoples purview. This perspective is likely to arise from how the person has been brought up, if their parents always told them how fate doesnt live on then they will probably grow up to believe the same, this means it isnt something that you are born with (genetic) but is something you may pick up during childhood through the surrounding surroundings. As shown above confidence is key to being a successful entrepreneur, confidence is something that many people are born with.However, confidence can be built up through therapy or by changing mental attitudes. On the whole, confidence can be made but some people are more naturally confident than others and will need to work less at being thatconfident entrepreneur. Innovation is something that is hard to acquire and is a trait that you are born with, some people would struggle to come up with ideas and find a gap in the market just as some people are naturally talented at characterisation and some have to work at it. Innovation is slightly harder to teach that painting however, this is the one trait which would be hard to improve in a person.ConclusionAs the above shows many of the traits entrepreneurs need are born with however, they can be improved through education and training later in life. The only one that cannot be improved very easily is innovation. Many people may argue that none of the traits are born with and that they are all developed during childhood and through the environment a person is brought up in. For this reason entrepreneurs are made and many of the traits can be improved to allow a person to become a better entrepreneur.ReferencesBillett, M.T. & Qian, Y., 2008. Are Overconfident CEOs Born or Made? Evidence of Self-Attribution Bias from Frequent Acquirers. Management Science, 54(6), pp.1037-1051. Burns, P., 2008. Corporate Entrepreneurship 2nd Edition. Hampshire. Palgrave Macmillan Delgado-Garca, J.B., Rodrguez-Escudero, A.I. & securities industryn-Cruz, N., 2012. Influence of Affective Traits on Entrepreneurs Goals and Satisfaction. Journal of low-pitched Business Management. 50(3), pp.408-428. Judge, T.A. & Bono, J.E., 2001. Relationship of Core Self-Evaluations Traits Self-Esteem, Generalized Self-Efficacy, Locus of Control, and Emotional stableness With Job Satisfaction and Job Performance A Meta-Analysis. Journal of apply Psychology. 86(1), pp.80-92 Piperopoulos, P.G., 2011. Business Emergence and Growth. Hampshire. Palgrave Macmillan.