Entreprenuers are born or made

Entrepreneurs are not born. Entrepreneurs are not like athletes, they don’t need natural
inherent body and muscles. An athlete’s child may grow up an athlete, but it would not
happen in an entrepreneur’s family. Many businesses bankrupted everyday, including some
entrepreneur’s family. However, entrepreneurs are nurtually made, and they own some
special qualities and also need some trainings and experiences as athletes. Many people from
non-entrepreneur’s families start their own business and become entrepreneurs everyday.
Dhirubhai Ambani, the most enterprising business man who’s father is a school teacher,
started his business on his own (Prakash, n.d). Warren Buffett, is not born as an entrepreneur
either. He started his company when he was 27 years old using his earns from his pervious
investments, made a great profit from his unique and accurate opinion on the stock market,
and his Berkshire industrial Kingdom became a famous huge business in the world (Kennon,
n.d). There are many examples of entrepreneurs who started their businesses as a green hand,
instead of inheriting from their families. Thus we could not say that entrepreneurs are born,
however, the entrepreneurs acquired many qualities that made them success.

The main quality of entrepreneurship is innovation, which is not obtained naturally.

Innovation is a new product, a new technology, a new source, and a new market (Mariotti and
Glakin, 2010). There are many examples of entrepreneurs bankrupted due to lack of
innovation. For example, Carrozzeria Touring, an Italian automobile coachbuilder company,
ceased his business in 1966, due to the substitution of the new automobile construction (van
den Brink, n.d). On the other hand, the famous company, Apple, make its success by
innovation. As we all know, Apple will release his new product or innovation of its existing
products every year, and the big success of iphone, ipad and imac make Steven Jobs the most
well-known famous entrepreneur. It is the same with Microsoft. Microsoft releases its new
products every year. We all have noticed that every year we will update our system to the new
window. The popularity of the system proves the success of Microsoft, and makes Bill Gates
the famous entrepreneur.

After all, the sense of innovation is not grown natural, it comes from opportunities. When
there is problem, there is opportunities (Mariotti and Glakin, 2010). Several years ago, there

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is no softwares in the computer, and Bill Gates made his entrepreneurship from creating the
first software, window. The Body Shop International, was created by Anita Roddick because
” she was tired of paying for unnecessary perfume and fancy packaging when she bought
makeup” (Mariotti and Glackin, 2010). The problem that Anita faced made her start her own
business to solve the problem. The problem finding quality is the quality that everyone were
born with, and the opportunity is just coming from those problems.

The second quality of entrepreneurship is experience, which is exactly extracted from

posteriority. About 60 percent of the entrepreneurial leaders are “transitioned”, and the
number one ranking factor of success is the experience as the employee (Pinelli, 2001).
People can learn terminologies and skills for business evoked as their language, and the
procedures of running a business become his or her conditional reflex, which will make their
future operating business effectively and efficiently. From the previous experience, the
entrepreneur can easily tackle the key of a problem and forecasting the development of his or
her business. Yu Min Hong, a great entrepreneur, started his tutoring school, New Oriental,
after his experience of teaching and tutoring in Peking University. He extracted his way of
teaching from his previous experience of teaching, and used the teaching method in his
company. The big success of New Oriental make Yu Min Hong one of the greatest
entrepreneurs in China, and his method of teaching spreads all over the country. The rules of
business are simple, making a business plan, ordinating your customers, operating and
developing the business. From your previous experience, you will have the blueprint of your
business, and moreover, you have already have your customers when you start. Thus with
your employment experience, you are actually jumping the first two steps, which are making
a business plan and ordinating customers, and directly shortcut into the third step —
operating and developing the business.

The third quality of entrepreneurship is knowledge, which is not inborn but acquired from
education. ” And if experience is the best education, the classroom is not far behind. Higher
education was ranked the number one factor by almost one-third of respondents, just behind
employee experience” (Pinelli, 2001). Entrepreneurs are facing with various of challenges
from finance, operation, organization, and laws. Operating the business requires you
understand financial statements. Financial statements, consisting of income statement, cash
flow statement and balance sheet, is a tool for entrepreneurs to track their operations
(Mariotti and Glackin, 2010). The knowledge of financial statement is not acquired naturally,
it is obtained from study. Not only the understanding of financial statement, but also the

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financial ratio analysis are needed as an entrepreneur. In order to cooperate with government,
the entrepreneur needs to know the regulations such as taxes and franchising. The lack of
finance knowledge may be fatal. The Native Americans sold their lands to a British hundreds
years ago and they are excluded from their homeland by the foreigners, however, if they lent
the lands with a low rate, they will still be able to buy it back today and even gained some
returns from lending. Henry Ford surrendered most of his stocks for the demanded capital,
and he spent even more years than he expected to receive money to buy back his stocks
(Mariotti and Glackin, 2010). Some of the entrepreneurs even gain returns from investing
using finance knowledge. Warren Buffet-“The Oracle of Omaha” , Peter Lynch-mutual fund
manager, Benjamin Graham-“The Father of Value Investing”, give us vivid instances of
making money just through their wisdom of investing strategy driven from their solid
knowledge obtained in school (CapitalVia: Global Research Limited, n.d). The knowledge
will drive the entrepreneurs make the right decision for their business and operate better.

The fourth quality of entrepreneur is a good sense of dealing with people, communication.
People are not born with good communication since we all start from learning languages, but
they can start learning communication skills at an early age. Communicating well means the
entrepreneurs will get their potential customers and gained more customers from a fabulous
customer service. Salespeople will probably become successful entrepreneurs since they will
touch the customers directly and know their needs (Mariotti and Glackin, 2010). Great
entrepreneurs in the U.S. Such as Ray Kroc –founder of McDonald, Aristotle Onassis, King
C. Gillette, and W. Clement Stone, are started from sales (Mariotti and Glackin, 2010). They
sensed people’s need and started their entrepreneurship. A good communication is prepared,
not born, in order to sell your product. The entrepreneurs need to know their products, their
business field, as well as their customers. Still, communication skills are built up from the
accumulated experience. We learn communication skills through the relationships and the
society of others. It is a connection between people, and the successful entrepreneurs will
know the people’s pros and cons through communication, thus will determine their future
path of the business.

Apart from innovation, experience, knowledge, and communication, qualities such as

teamwork & leadership, integrity, and passion are also important (Pinelli, 2001). Teamwork
and leadership is an essential ability that was gained from life, not born. It required the
entrepreneur “address complex problems by utilizing strengths of different group members”
and “create a synergy that increases innovation and successful outcomes” (Reimers and

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Williams, 2009). The team has a big impact on the business, so the entrepreneur need to
organize his team well. It is the entrepreneur and leader’s task to “communicate and listen,
ask questions and summarize, articulate a goal, and build members confidence” (Reimers and
Williams, 2009). These tasks like communication are not born, however, they are trained
through tasks and group projects. That’s why the business schools are teaching and training
students the above skills. In addition to it, integrity, which leads to an honest business, is also
a personal skill that were highly influenced from the living environment, not born. The
business would not exist long if it cheated its customers. “Integrity is a deal-breaker”
(Anderson, 2008). The entrepreneurs need to convince the clients to buy their product or
invest their companies through the method of integrity, so that they will gain profit and get
funding for their business. Passion, similar to ambition in entrepreneurship, makes your
employment and business experience upgrade into entrepreneurship level (Kamai, 2011).
Everyone have passion, and passion makes entrepreneurs start and grow their businesses.
Passion is a personal quality that was acquired from experience. It is a kind of confidence of
your business you alight with. Only when the entrepreneur targets his or her goal, will he or
she have passion in the business. Thus, Teamwork & Leadership, integrity and passion are
not made, but acquired after born.

Conclusion

In conclusion, there is many people become entrepreneurs. Famous entrepreneurs like Jobs
Steve, Bill Gates, and Warren Buffet made their business enormous. These famous successful
entrepreneurs are not athletes who were born with inherent body and muscles, but they are
nurturally made and trained through the practice of their business. Entrepreneurs shared the

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same posterior qualities. A good sense of innovation will survive a business from a crisis and
make it the leader of its field, and the entrepreneurs find opportunities from problems and
make the innovations. Rich experience, ranking number one of the factor of entrepreneurship,
will make the entrepreneurs easily overcome some business crisis and forecast its
development. Well-rounded knowledge in the field, like the application of financial
statements, knowing the government regulations is essential for the entrepreneurs to operate
their business. Good communication skills, gained from experience of dealing with people,
will get the business leader potential customers and gained a huge profit from it. In addition
to all the above, teamwork and leadership, integrity, and passion are also keys to
entrepreneurship which are acquired through training and practice. Moreover, these qualities
are acquired, not born. One can achieve a good sense of entrepreneurship by tempered
himself through practice and could gain the qualities in the tempering. Only by one’s effort to
acquire and temper the qualities, will he or she become an entrepreneur.

By:-

Dulamani Khadia (1806260017)

MBA 2nd Semester