Are Entrepreneurs Born or Made ????

The film ‘The Social Network’ based on the life of American entrepreneur Mark Zuckerberg, co-founder of the asocial networking site face book, has struck a chord with many youngster. Not simply because of the popularity of Facebook but also because of Zuckerberg’s entrepreneurial skills as more of Generation Next are taking the risk to launch their own ventures, In fact,. Post-recession entrepreneurship has become a fashionable and popular option. This is because entrepreneurs are often motivated by necessity and opportunity.

An approach to solving problems a way of creating launching or growing a venture – it can take place in any context (corporate government family, non-profit or a de novo start up) It involves identifying or creating opportunities acquiring the resources and providing the leadership to create something of value (either social or economics).

Connecting people:

Researcher in entrepreneurship has come a long way past trait psychology, popular in the 1960s that suggested entrepreneurs were risk taking achievement oriented and heroic individuals.

Instead more than 36 years of research shows that it is behavioral and cognitive psychology that predicts success no traits it involves teaching students techniques and approaches for identifying creating and evaluating opportunities approaches to acquire and transform resources money, people social organizational technological physical) and processes for building a capable team to so.

Entrepreneurial thought and action is the core strategy of Babson College, we believe that traditional disciplines (marketing, finance, operations) can be strongly enhanced by the inclusion of entrepreneurial thought and action. In other words standard business skills and current management approaches are based on the assumption that the organization exists. What happens if it doesn’t? This is where entrepreneurial thinking is required. And this is where a business school plays an important role.

There are several aspects that make for a successful entrepreneur. Some of these such as principles of business management associated with entrepreneurship can be taught. But there other aspects such as judgment, passion, and intuitions — which are inherent in a successful entrepreneur – are not easily taught In many ways it is akin to teaching art . While an artist can acquire some basic skills through formal; training his/ her success as an artist requires much more than the basic principles and techniques. This can however, over time be complemented through practice, experimentation observation and mentoring.

Passion and spirit can potentially take an entrepreneur far but managerial skills are always critical. The broad sales and marketing skills are possibly the most important in the early stages of the entrepreneurial life cycle. An Entrepreneur needs to sell and market beyond just the company’s solution – at times it is selling the idea to an investor to raise money, sometimes it is sales to potential employee to join starved organization

Entrepreneurship is a risky business but if you have a clear vision, believe in yourself and willing to hard work. Then it is a risk worth taking.

Not being afraid of failure is every famous entrepreneur’s success mantra.

On the difference between the management and entrepreneurship education, Management education assumes that the organizations exists, that there are limits to resources and therefore teaches how to manage within resources and organizational constraints while entrepreneurship education embraces obstacles an surprises; it favours action rather than analysis.

My Mantra .... Believe in Urself