Monday, November 28, 2011

Entrepreneurs: Born or Made?



Becoming an entrepreneur is by far one of the most complex human processes you could undertake, for it involves discovering your leadership style, ability to influence followers, timing, resources, technology, history, luck and a few things that have not yet been thought yet.

However, like other complex phenomena and processes, it's only when they're broke down to their essential parts that the inner workings could be understood. This kind of understanding has spun programs in the different universities in the form of academic degrees.

For decades, our forefathers in entrepreneurship managed to grow and learn by sheer experience. Some of it is practical. For example, a novice entrepreneur will learn that it's important to find the quickest way to make a profit without compromising the end dream, or that he could focus on direct selling rather than spend on mass advertising. A good example is self-awareness-over time, each of us becomes more and more aware of what we really are. And although this process is not always smooth, we eventually figure out what suits us best.

But like any activity that happens naturally, at some point a smart person would sit back and formalize all his accumulated knowledge into a sequence of steps that, if followed would lead to performance. To illustrate, after studying entrepreneurs, we realize that they start with a probable opportunity. They prepare a detailed business plan afterwards. Then, they slowly build a team. Then, they pitch their business ideas to investors, and so on. In short, follow this sequence of steps, and you would probably be an entrepreneur.

To become a successful entrepreneur, you must therefore understand and become aware of your natural talents, and combine them with learning.

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