Entrepreneurs are one of the many reasons to shape our country’s economy and generate employment for many deserving candidates. Sometimes, the mindset of an entrepreneur and the work they handle puts us into questioning whether entrepreneurs or born or made.
Many thought professors, industry leaders, and even entrepreneurs themselves have stumbled upon this question at least once in their lifetime. The question might be not too complicated when asked but requires a lot more than just a mere discussion. In this article, we are going to decide whether it’s simply in the genes to become a successful entrepreneur or is it their hard work that paid off.
A good entrepreneur always makes appropriate decisions along with smart work. A person can only acquire these characteristics through an experience unlike other domains like sports that need inborn physical strength and patience. People are never born with experience. They learn step by step through their determination and knowledge.
For example, there are many cases where companies have fallen because of inherited candidates from their founders, and there are many such cases where people who didn’t inherit much fortune were still able to build an empire from scratch.
These scenarios truly answer our question of whether the entrepreneurs were born or made? And the result is simple, entrepreneurs were always made and never born. Even though entrepreneurs are never gifted, one might still question their abilities because some run and sustain a business or an organization with ease while others struggle to bring it up.
To answer this question, we need to understand the true skills that an entrepreneur has through which he flourishes in his career.
As mentioned earlier, experience is what counts everywhere. Being experienced gives a person confidence and proper decision-making abilities so that they never make a mistake. Everyone learns from their past experiences. This helps them to get the desired outcomes when they come across the same situations again.
Without experience, one cannot predict the outcomes. Only by trial and error, one can polish the skills and build the character required to strive in the race. Hence, it can be said that “Experience is the best Teacher”. Entrepreneurs turn their mistakes into knowledgeable moments and not make the same mistake again.
An entrepreneur is needed to think out of the box every time while deriving conclusions for specific problems. A good entrepreneur is innovative. He knows where the problem occurs and tries to solve it permanently using innovative solutions. Innovation brings new opportunities to do something creative that can be helpful to the company.
A human mind always had problem-solving skills right from the start. Entrepreneurs know how to take proper advantage of that skill to create opportunities for themselves. They try to maximize their key skills that later help to achieve better outcomes most of the time. They tend to create new strategies to develop. For example, every product-based company comes up with an update in their products now and then to remain in the long run. This is only possible with the help of researchers who work consistently to meet user expectations.
If entrepreneurs stop creating new ideas to meet consumer requirements, the clients may lose interest in the company and it may lead to failure. This is the reason why innovation is very crucial in entrepreneurship.
Knowledge is the most important key to explaining whether entrepreneurs are born or made. It is not an innate ability in human beings. Humans perceive the environment, learn from mistakes and gain knowledge by improving and working with their skills. Knowledge can be attained through education. But education is not always necessary, since many entrepreneurs have become successful without any formal education.
A good entrepreneur always acquires knowledge by considering the needs of others. They gather in-depth knowledge of the domain before laying the foundation. People look upon successful entrepreneurs because of the knowledge they possess and how they used that knowledge to reach greater heights. They become an information bank for others who seek answers to their questions. Entrepreneurs with their knowledge leave their mark for generations to follow.
In the end, we can surely prove our question, “Are successful entrepreneurs born or made”, by simply concluding that the entrepreneurs have always been made. They are the people who took good and appropriate decisions in life to reach their goals. Regardless of a field, success never comes due to inborn qualities, but success comes through what we learn in our life. Success can be attained through experience, innovation, and knowledge; the three pillars which make a successful entrepreneur.
Furthermore, you can also refer to our article on how an entrepreneurship mindset is established and what are its main characteristics.