Born or Build?

So are you still stuck in the dilemmatic argument of nature vs. nurture, if entrepreneurs are born or made? It is more of a chicken and egg sort of contention. We have strong arguments from both the sides over the debate. In my opinion one does not need to be a "born entrepreneur" to succeed, but it certainly provides an edge. Instinctive traits do affect an individual’s personality in terms of risk-taking, better ability to identify and work on potential business opportunities, and more receptive to new experiences. It is a fact that extroverted people outshine in fields like marketing and selling, domains that thriving businessman must excel at. These characteristics can be developed for individuals who lack them, just that they will have to put in greater efforts than those who are gifted inherently. 
According to chemical science the composition of a human body, includes basic 6 elements: Oxygen, Carbon, Hydrogen, Nitrogen, Calcium and Phosphorus which make up for 99% of the mass and other elements like sodium, potassium etc amount to about 0.85%. If we similarly put down the composition of an entrepreneur, it would consist of 6 basic factors in varied ratio depending on the personality, and they can be attributed to either to born or build category:

The combination of above 6 traits can be found in any entrepreneur’s DNA. For example, Oprah Winfrey, the media entrepreneur, is a prominent DORGIC combination, Sir Richard Branson, founder of Virgin, is majorly a DGIOCR permutation.

No one can allege to be a born entrepreneur, and neither can one wake-up to a sunny idea or a brand, determined hard-work, optimistic attitude and a communicable idea synergized with the right support is the HIT formula.

The status of ‘born’ or ‘made’, does not decide the success of an entrepreneur, what is essential above all- bright idea, market, funds, or strategies is the ‘desire’. Thinking of a new product idea or an easy service concept is great, but it is significant to materialize it and turn it into a real thing.

It is the DESIRE and DETERMINATION that influences and motivates thinking to doing, to bring something into being. So unless and until that ‘want to’ feeling is present, you won’t have your heart in it and even others will lack commitment and focus when they don’t see the desire or your belief in your idea.

Bottom line: Ideas mean zilch, without any practical doing. ‘Purpose spined with Passion’ is constitutional.

THE FOE MODEL

Coming to the million dollar question (literally): What are the traits required to be an entrepreneur and what factors affect the setting of a business? The answers to this can be incorporated in a ‘Fundamentals of Entrepreneurship’ model, which explains the entrepreneurial setting and process. This double loop model explains the ‘float’ intangible and ‘fixed’ tangible concepts of a business setting that are interlinked and interdependent.

The outer loop i.e. the floating intangible loop forms the crux and the base of a business building process. Ideas, Capabilities, Networking and Marketing can take any form and whittle in changing moulds as per the varying external factors such as technological, political or social environment but these four components stay interconnected and operate in synchronization. The inner coil or the fixed tangible elements form the support system for the crux of the model. The Management squad, Funding (finances), Systems and Operation need to be sound and set in place. The fixed loop needs to be sturdy and stable to be able to reliably bolster the crux. Both the loops complement each other and cannot work in isolation. The model is supported on the 4-stanchions that directly impact the float loop which further affects the fixed loop.  The 4-stanchions guide the movement in the loop and provide with direction to move ahead with a course of action. This Fundamentals of Entrepreneurship (FOE) model is a simple framework of elements that display the interconnection of the participative blocks in the game and how - a what affects another what. It also forms the basis of explanation of an entrepreneur’s establishment and growth over the duration of time.