Entrepreneurship An Organization, Community, Or Country

LDR 280 Introduction Entrepreneurship is a term that has reentered the public vernacular over the last few years, many times in reference to what is wrong with America but what it means is rarely defined. Furthermore, it is generally agreed that more Entrepreneurship is a desirable trait but how to go about encouraging it is again a point of contention. This paper will address a specific facet of entrepreneurship and attempt to discover what are the key drivers to foster an entrepreneurial spirit from childhood. Definitions of entrepreneurship almost always involve the risk taking within the business world. Businessdictionary.com states â€Å"The capacity and willingness to develop, organize and manage a business venture along with any†¦show more content†¦Universities have created an entire field of study predicated on the idea that they can teach entrepreneurism to anyone who wants to become their own boss. Most often the question is asked whether the entrepreneur is born with certain traits that will cause them to seek out the thrill of starting their own company, or do life experiences reveal the path of entrepreneurialism to their impressionable minds? Freddie Dawson a contributor to Forbes Magazine attended a Barclays Bank debate in London where he made several observations on the topic. In his subsequent article, he quotes Jamal Edwards, founder of SB.TV as saying â€Å"that an entrepreneur was 5% born with innate abilities and 95% made by life experiences.† Another speaker at the debate, Doug Richards, founder of School for Start-ups and former investor on the TV show, Dragon’s Den is quoted as saying â€Å"I wholly reject the idea that entrepreneurs are born,† he said. â€Å"It would be one of the most limiting ideas and it would be a real shame if it was true.† A third speaker at the debate, Greg Davies is quoted as saying â€Å"It’s pretty obvious it isn’t 100% either way. You can teach someone to be better at anything,† Mr. Dawson concludes his article with the observation that â€Å"There are a number of studies that show entrepreneurs are surprisingly different from oth er people, he added. This is not just a willingness to take a gamble but also psychological characteristics including greater resilience