Entrepreneur — Born or Born?

Almost anyone can become an entrepreneur these days. The breadth of accessible technology, capitalism’s adoption of new forms of making money (such as the gig economy, side hustles, and remote work) all combine with the culture of social media to create a powerful recipe for current entrepreneurship. is producing. Get a channel, open a “store” on Etsy, Society 6, etc., add some striking visuals and a catchy hook phrase, get clicks and bam!, and you’re in business. YouTube shows budding entrepreneurs how to get started.

It’s a different world than it was just ten years ago. Now, with the advent of AI, things are changing again.

Can we learn the prerequisites for successful entrepreneurial endeavors: a flair for innovation, tolerance for risk, communication skills, etc.? Teaching the ability to work as both a manager and a staff member, often at the same time? Is it possible? This begs the question: Are entrepreneurs born or made?

I have met many other inventors, but the majority of them were not entrepreneurs. They are not busy selling their inventions. They are creators, problem solvers, scientists, and visionaries, and that accounts for all their judgment. Going into business is not on their radar screen.

I started thinking about this last year when I was inducted into the National Inventors Hall of Fame. I have met many great inventors, but it has become clear that very few entrepreneurs take the reins of a business or service to offer their inventions to the world. I was told this was normal.that it actually exists united nationsUsually the inventor brings it to market, as I did. When we asked why, many inventors found that a standard condition of employment was that they were employed by companies that owned everything they invented. The company then markets and sells the commercially viable items created under its “roof.” I didn’t ask about the financial implications of this policy, but almost every inventor I spoke to seemed perfectly fine with this arrangement. These days, this may seem old-fashioned. In our technologically advanced age, has this practice become largely historical?

This made me wonder, “Can anyone become an entrepreneur?” How much you learn and how much you need to do is a matter of instinct and talent. In other words, are successful entrepreneurs born or made? Or a little bit of both?

People who are born with extremely curious minds, are always looking for sophisticated solutions, are drawn to unexplored paths, and are able to see opportunities in obstacles. In my opinion, these are people who are “born” destined to be entrepreneurs. They have no choice but to do it themselves. You should always be finding new ways to do things, or new angles on old ways of doing things, and telling others all about it to inject enthusiasm into your community. But what makes them destined to become entrepreneurs (besides being smart and inquisitive) is their ability to also understand their vision and how to monetize its results. desire For that purpose, “Let’s go to the market!”

On the other hand, those who can be described as “upstart” entrepreneurs enter the market for a variety of reasons. Perhaps your preferred or chosen path is hindered for some reason, and you begin your own adventure only after the usual path turns out to be unavailable, difficult, or inefficient.When the opportunity to become an entrepreneur arises, this person may need to learn It’s about being innovative, learning to overcome risk intolerance, and learning to live without “proven” safety. And this is important. do that. They make plans, take out a loan or two, and hire people and services. Risk, risk, risk. These people decide to take on the persona of an entrepreneur and persevere to make “it” a reality, whatever it is.

Because here is the key — every person, born or made, success Entrepreneurs must have both faith and commitment to their work, perseverance, and effective communication skills. All of this and the critical ability to take and endure risks. They are born and bred brave souls who take the plunge into the entrepreneurial universe.

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