I like to ask this question on my SportsBiz Podcast Interview With Influencers shows, "Are Entrepreneurs Born or Raised"?
There has been plenty of studies and obviously many opinions of this question, however, I have this perspective from my own personal experiences as well as watching the world.
It's easiest for me to break it into a few areas, as there are many ways and reasons why people start their own businesses.
The first area to look at what is an entrepreneur.
I define entrepreneurs as someone who can take a single idea and turn it into a product or service that generates revenue. An entrepreneur is able to build up that revenue to make it into a sustainable business that provides resources for one or more people to live.
"Entrepreneur" the word, to me has the meaning of being a creator, innovator, risk-taker, and rule breaker. A true entrepreneur has a hard time working for someone else, needs the flexibility to create ideas and tenacity to execute those ideas.
The second and third-generation car dealership that has been operating for 50 years and is now owned and operated by the original owner's grandson who has been there too for 30 years sweeping floors, cutting grass, washing cars, fixing cars, selling cars and now operates the business. I would not consider them an entrepreneur, I would consider them a business leader.
Entrepreneurs are like musicians and artists. They are born with the need to create. There is a certain DNA in all of them that is a blending of OCD, ADD, Crazy, Persistence, and Tenacity. You can learn how to play the drums, but do you have the talent and the passion to do it every day. Are you good enough and have the DNA to turn talent into sustainable revenue to become a professional drummer.
You can become a business leader and figure out what you are good at doing, have passion doing it, make a great living for you and your family, and be very good at taking a business and growing it, but perhaps you don't have the stomach for taking risks or the pressure and like the comfort of shutting it off on Friday and the weekends. Again nothing wrong with that either.
There are Corporate CEO's who claim to have entrepreneur spirits, but when they are playing with other peoples money to take risks, that's not entrepreneurial, that's being lucky.
So yes I believe entrepreneurs are born and start hustling at an early age figuring out the simple business concept of supply and demand, markups, margins, and cash flow is king.
SportsBiz Startup Weekend
We are gathering these born crazy startup founders, innovators, and investors together in Orlando Jan 23-25, 2020 for the SportsBiz Startup Weekend. You will be inspired by our guest speakers, workshop leaders, and connect with collaborative partners. If you are raising funding, we are scheduling invite-only round table dinner where you have the opportunity to pitch your business to qualified investors, receive instant feedback and attention in a relaxed business setting not a fish tank.
Learn More At GamePlanU.org