Are Entrepreneurs Born or Made

baby-and-adult-handsIt’s another age-old nature / nurture question – are entrepreneurs born or are they made? Can the essential skills be taught or do you have to learn from experience?

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There’s a great book by Richard Goossen called Entrepreneurial Excellence: Profit From the Best Ideas of the Experts. He’s lined up some of the greatest minds on entrepreneurship. He concludes that you can be taught some things but entrepreneuring is mostly learned by doing.

The science of entrepreneuring

For years now, colleges have been teaching their students the general principles of management. Colleges apply these principles primarily to managing large companies but the same basic tenets are relevant for entrepreneurs.

Lessons can also be taken away from people who have succeeded or failed in an entrepreneurial endeavor. You may not get the specifics, but you can come to understand the general principles that helped them reach bigg success.

Finally, you can learn to differentiate between a good idea and a good opportunity. There are a lot of good ideas; there are relatively few good opportunities. You can be taught how to determine if your idea is not a good opportunity.

The art of entrepreneuring

However, nobody can teach you how to identify specific market niches and determine whether or not you can pursue them successfully. Experience is the only teacher of this valuable entrepreneurial trait.

You also have to learn how to transform your passion into a valuable tool than can be used to woo customers, employees, vendors, strategic partners, and financiers. This passion will also help you persevere when you face the inevitable obstacles along the way.

You also have to develop an innate belief in yourself. Self-confidence grows with education and experience, but you have to be able to draw deep within yourself as well as upon the support of others.

Entrepreneurship is part science and part art. Learn as much as you can about the science of entrepreneuring before you launch your business. The art is something you can only learn by dipping your toes in the water. That’s the start of bigg success!

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Thanks so much for sharing your time with us today.

Since we’re in the midst of the World Series, next time we’re going to look at some lessons we can learn from baseball about entrepreneuring. Please join us.

Until then, here’s to your bigg success!

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(Image in today's post by ugaldew)

8 replies
  1. Fred C.
    Fred C. says:

    A great resource on your topic of today’s show is THE STRUGGLING ENTREPRENEUR at http://www.strugglingentrepreneur.com.
    Here you find over 100 case studies and the “entrepreneur’s story” from that individual’s own perspective, as they are interviews.
    What is discussed? The lessons learned in their entrepreneurial ventures–what caused them to aspire to becoming an entrepreneur; what were the challenges, obstacles and problems they faced, and how they overcame them; what do they plan to do in the next 5 years as they see their business? ; and what recommendations and words-of-wisdom would they give to small business owners (either recently launched or aspiring entrepreneurs).
    Also available in the more than 115 episodes over the past 3 years are episodes that deal with the organizations and resources that are available to HELP entrepreneurs, as well as articles that talk about the “necessity-preneurs”, the “solo-preneurs” and other items definitely related to small business owners.
    I suggest that you point this out to your audience, since it is definitely a case-in point for your podcast today, as much of this will SHOW you that entrepreneurs are MADE, especially with the desire for owning their own small business.
    And, by the way, if you wish to be interviewed for this show, send an email to
    strugglingentrepreneur@gmail.com

    I hope you mention it on tomorrow’s show, since it is directly related to your topic today. I listen to your show from my iTunes feed and would appreciate your letting your audience know of this FREE RESOURCE to which they can subscribe from the web site or via iTunes.

    Thank you,
    Please let me know by sending a response to either fcastaneda1@gmail.com or strugglingentrepreneur@gmail.com.

    Reply
  2. Fred C.
    Fred C. says:

    thanks for your reply, and I look forward to hearing tomorrow’s podcast episode for the mention.
    By the way, in episode 106 of http://www.strugglingentrepreneur.com, I interview a close buddy and business partner of mine, Jay Ehret, from http://www.themarketingspot.com. The question discussed: Why is a solid marketing plan critical for the success of an entrepreneur?
    I kinow you did the intro/outro for his podcast, POWER TO THE SMALL BUSINESS.
    FYI.
    Say hi to Jay for me when he returns from Korea.

    Reply
    • Mary-Lynn
      Mary-Lynn says:

      Yes, Jay is a fantastic guy. We look forward to listening to your interview with him. And yes, producing podcast intro/outro’s is one of the services I provide through Bigg Studio. It was fun doing that for Jay :)

      Reply

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