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Essay / The Building Blocks of Entrepreneurship: How People Become Entrepreneurs
The term and meaning of an entrepreneur has evolved over the centuries. They were known as a risk taker in the 15th century, first introduced by an Irish banker Richard Cantillon (1680-1734). At the beginning of the 20th century, Joseph Schumpeter (1883-1950) associated entrepreneurship with innovation. When we mention the word “Entrepreneur”, our mind will automatically think of someone who is never satisfied with the status quo, who is passionate and dedicated to making things happen. Their minds seem to have a different form of perception that allows them to see things differently than most of us, this is what we call innovative thinking. She is a person who loves challengers, welcomes change, and is always the first to jump in and take the leap of faith when she is sure something will work. Say no to plagiarism. Get a tailor-made essay on “Why Violent Video Games Should Not Be Banned”? Get an Original Essay In the world we live in today, change is the only constant thing happening around us. Faced with the accelerating complexity and uncertainty of change, an employee would tackle a task predefined by his manager with an entrepreneurial spirit. With the aim of focusing on innovation and identifying new opportunities. One study shows that 40 to 50 percent of students entering college in the United States in 2016 will be self-employed or self-employed at some point in their careers. These students are made up of millennials who strive to work with passion and want to make an impact in what they do. Entrepreneurship is seen as a driver of global economic development, there is a greater need to create people and organizations with an entrepreneurial spirit and skills. urgent than before. That said, does an aspiring entrepreneur have what it takes to successfully start a business, simply by being fueled by passion and creative thinking, without having the knowledge to actually run a business? Made or Born? Many debates have been held and many studies have been carried out. on this golden question: the successful entrepreneur was either born to be one or slowly developed into one. He states that entrepreneurs are born and not made. He maintains that his subjects share common characteristics, including: restlessness, independence, a tendency to be solitary, and extreme self-confidence. On the other hand, other personality characteristics are uniquely entrepreneurial, including innovative, action-oriented, requiring a lot of personal control, and highly autonomous. In many cases, entrepreneurs are often described as impulsive, playful adventurers, intoxicated by their own adrenaline. But even though they take risks, they are actually motivated to achieve something bigger, which sets them apart from the rest of the people. Henry Ford is an example of a born entrepreneur. Ford's dropping out of school at age 16, his interest in building a horseless carriage that attracted investors and possible startups, and his determination to build attractive, affordable cars for the masses public are proof of his entrepreneurial talent. “He placed himself at the forefront of a social revolution that had an immeasurable impact on American life.” Alongside Ford are Bill Gates and Steve Jobs. Both had a similar experience of dropping out of school with appropriate educational training or an environment that encourages or encourages them to become entrepreneurs,..