Can entrepreneurship be taught?

Can entrepreneurship be taught?

  • Yes

    Votes: 22 32.4%
  • No

    Votes: 46 67.6%

  • Total voters
    68
  • Poll closed .

cjd

Business Member
  • Nov 23, 2005
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    There was a load of old toffee brought in by management consultants about 'intrapreneurs' a few years ago - trying to sell the idea that entrepreneurialship could happen inside large companies.

    Completetly missing the point that entrepreneurial people don't become part of the work force to start with and that it's a character trait not a skill that can be taught like accountancy.

    Also, despite what they may say, large companies don't want entrepreneurs who are going to take risks (pushing envelopes and thinking outside boxes is reserved for the Board) - they want smart people who are going to do more or less what they are told. Real entrepreneurs can't be managed, they're too ful of themselves to be told what to do..
     
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    I suppose if the definition of an entrepreneur is someone who is a multi-millionaire, employs at least X hundred people, is famous, etc., then that does limit the numbers considerably, although it still doesn't say whether these people were "born" like that, or did they pick it up from someone. For me, they are just the most successful, in monetary and celebrity terms, of a much wider corps of entrepreneurs.

    Taking Oasis's definition, doesn't that apply to a factory employee who, after spending 20 years doing the same job, could see an opportunity for providing a new service in a different way, and set up as a one-man business and do that successfully? If so, why didn't that person do it 10 years earlier? What was the trigger?

    To come back to the teaching aspect, I'm not actually sure what you could teach a budding entrepreneur in terms of academic matter (I do make the distinction between business knowledge and entrepreneurial talent), but I'm not convinced it's something you're born with. In my art analogy above, the people were not told how to hold a pencil or make a brush stroke a certain way, it was purely a change of mindset, an opening of eyes to a vision of how to capture something. Some people have it from the get-go, what you'd call natural artists, and others had to have their mindset altered, but in the end both types got there.
     
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    cjd

    Business Member
  • Nov 23, 2005
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    I very much doubt you can change someone's attitude to risk taking or teach them how to do it.

    The type of person who remortgages the family home to follow a hunch is unlikley to make a good civil servant - and vice versa.
     
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    I suppose if the definition of an entrepreneur is someone who is a multi-millionaire, employs at least X hundred people, is famous, etc., then that does limit the numbers considerably

    With respect to everyone on this thread that thinks you can be taught to be an entrepreneur I respectfully suggest you are confusing this with someone who learns business acumen and does well.

    To me an entrepreneur has certain personality traits such as:

    Born Leader
    Charisma
    Visionary
    Instinctive
    Risk Taker
    Competitive
    Drive and Ambition
    Sales Orientated

    You can no sooner teach these traits than you can train someone to be a Psychopath (thank goodness)

    Taking Oasis's definition, doesn't that apply to a factory employee who, after spending 20 years doing the same job, could see an opportunity for providing a new service in a different way, and set up as a one-man business and do that successfully?

    This is back to confusing business acumen with being an entrepreneur again. For example, I know printing inside out and have been in the industry for 20 years, and I have learned the business side of things giving me the tools to be successful in this sector.

    But now compare that to my example of Richard Branson - he has made several fortunes in areas such as:

    Record Labels
    Record Shops
    Airlines
    Cola
    Mobile Phones
    Banking and Finance and so on.

    Now - he is an entrepreneur - and that cannot be taught
     
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    Born Leader NO
    Charisma A BIT
    Visionary NO
    Instinctive NO
    Risk Taker DEFINITLY NOT
    Competitive IN SOME AREAS
    Drive and Ambition NO
    Sales Orientated NO




    This is back to confusing business acumen with being an entrepreneur again. For example, I know printing inside out and have been in the industry for 20 years, and I have learned the business side of things giving me the tools to be successful in this sector.

    But now compare that to my example of Richard Branson - he has made several fortunes in areas such as:

    Record Labels
    Record Shops
    Airlines
    Cola
    Mobile Phones
    Banking and Finance and so on.

    Now - he is an entrepreneur - and that cannot be taught

    Ray Have answered your list above pretty honestly about myself.

    the list would make a good poll.?

    Richard Branson stole his first million of the GBP smuggling records in from the continent,and as I have said before when you have a million in cash.it makes the rest somewhat easier ;)

    Earl
     
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    RayB, I see our definitions of an entrepreneur are not the same. I'm talking about entrepreneurs in general, not archetypes. And I'm not suggesting Richard Branson had to be or could be taught to be Richard Branson.

    As I mentioned above, I also use the term "teach" widely. This thread got me wondering, so I looked at people I know personally who would be classified as successful entrepreneurs (at least in my books), having set up at least 3 companies and made quite a mint. None of them had the "rubbish academically/left school at 15/gutsy street-fighter" type profile, with all but one having been to uni and then worked in a classic job for a number of years before making a go of it. The one that didn't do that, still went to uni and kind of stumbled into it along with some mates, without really being driven.

    I wouldn't say these people were "taught" anything entrepreneurial, but they went from being non-entrepreneurial to setting up and running several enterprises, and I know most of them had no inkling in their early 20s that they would become entrepreneurs. It was not innate.
     
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    RayB, I see our definitions of an entrepreneur are not the same.

    Absolutely, that I why I said with repect, as it is all down to how one defines an entrepreneur!

    IMO it is a blend of character traits you are born with, as opposed to someone who builds a successful business through learning business acumen (which can be taught)

    So - sure it depends on your definition
     
    Upvote 0
    wow, what a toughy of a question this is......................
    I personally feel you have to ' have it in you'. Of course we can all learn a thing or two, like with most things in life, you never stop learning, but, being taught to be an entrepreneur, my opinion, nope, i think half of it is a personality thing? you can be given a kick up the backside in becoming one but not taught to be one in general?
    thats what i think :)

    :rolleyes:
     
    Upvote 0

    cjd

    Business Member
  • Nov 23, 2005
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    But despite all this luck plays its part.

    Of course; but as my tutor once said

    'the chap who wins the downhill skiing race wins by 1/100th of a second; that's luck. But he'll beat me every time; that's balls, talent, perseverance, hard work, equipment, training and skill.'

    In other words you have to be in the race to win it and most people have more sense than to throw themselves down a mountain - they prefer to spectate and wonder what it takes to do it.
     
    Upvote 0
    This thread begs an obvious question.

    To be a mathematician, you need the following personality traits: attention to detail, logical mind, persistence, methodical, and more. Only a fraction of people in this world have such personality traits, so why is maths taught to everyone in school? (I could make the same argument for just about every subject that's taught.)

    Unless others can think of another, I suggest there are three main reasons:

    - Because maths is useful to everyone, whether or not that person has the personality traits needed to become a mathematician.

    - Because maths is useful for careers other than being a mathematician.

    - Because natural mathematicians only realize their calling if they have the opportunity to study mathematics.

    What's different about teaching entrepreneurship to every child in school? The most important point is that, if we don't, some brilliant potential entrepreneurs will remain just that: potential. And since when did we teach children subjects in school based on their aptitude for it? Surely an important criterion is not aptitude but usefulness.
     
    Upvote 0

    cjd

    Business Member
  • Nov 23, 2005
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    Would you think it possible to teach bravery, impetuousness, arrogance, pig-headedness, lust, love, shyness, exuberance?

    Sure you can teach business (and mathematics) but you can't teach personality.
     
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    Steve,

    Much as I respect your posts this does not make sense - brilliant entrepreneurs will rise to the top, regarless of any knocks or blows they are dealt, that is th whole point

    You CANNOT teach anyone to be an entrepreneur :)

    Well if you study anyone who has attained great proficency in any field of human endeavour.I think you will find it is there,interest,enthusiasm and plain love of there subject that makes them practice so hard resulting in them being somewhat superior to us mere mortals ;)

    Now we all get our traits in this proportion father 1/3 mother 1/3 plus our own ingredients X .

    Earl
     
    Upvote 0
    brilliant entrepreneurs will rise to the top, regarless of any knocks or blows they are dealt, that is th whole point
    Let me put your statement another way: If we decided to teach schoolchildren and college students courses on entrepreneurship (which are quite standard in many countries), the number of successful entrepreneurs in Britain would not change. Sorry, but I don't agree. Maybe, as Colin pointed out earlier, our difference is one of terminology and the definition of an entrepreneur. Despite that, I still think there would be more entrepreneurs if it was introduced in school as a mainstream topic.
     
    Upvote 0
    Incidentally, many of the world's top business schools require students to take courses in entrepreneurship. For example, look at these two links:

    http://businessmajors.about.com/od/topbusinessschools/tp/TopEntreSchools.htm
    http://www.hbs.edu/mba/academics/entrepreneurship.html

    Note these phrases from Harvard's website, and Harvard is generally recognised to be the world's top business school. (I've highlighted what I think are relevant statements.)

    "Building on its fifty-year history of research and teaching in the field of entrepreneurship, Harvard Business School enables students to test their business ideas in a risk-free environment. Students are free to follow their inspiration and imagination while benefiting from a deep collection of resources: faculty advisors, access to technology and a network of HBS alumni, and the diverse expertise of their classmates. The entrepreneurship curriculum was introduced at HBS over fifty years ago. Entrepreneurial management is now part of the first-year required curriculum, while over thirty faculty members teach more than twenty courses offered in entrepreneurship in the second-year."

    "The hugely popular HBS (Harvard Business School) Business Plan Contest - the twelfth annual in 2008 - gives second-year students the chance to put their learning to the test and submit their business plans for evaluation in pursuit of prizes for the most promising ideas. During the course of the year, student-organized sessions bring venture capitalists, attorneys, and entrepreneurs to campus to help students understand the dimensions of building a business."
     
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    cjd

    Business Member
  • Nov 23, 2005
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    "Building on its fifty-year history of research and teaching in the field of entrepreneurship

    All they mean is that they teach about business which we all agree is a good thing and should be done more of.

    People (including Harvard) use the word entrepreneur to mean a person in business - that ain't what I mean by it.

    It's like calling Pavarotti a singer; sure you can teach everyone singing but rarities like Pavarotti were born, not made.
     
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    All they mean is that they teach about business which we all agree is a good thing and should be done more of.

    People (including Harvard) use the word entrepreneur to mean a person in business - that ain't what I mean by it.

    It's like calling Pavarotti a singer; sure you can teach everyone singing but rarities like Pavarotti were born, not made.

    Once again, we're focusing on extremes. Sure, there are people who are born entrepreneurs and will become an entrepreneur no matter what happens to them in life. Likewise, there are people who will never be entrepreneurs, no matter what great opportunities are thrown their way. But the large majority are neither. So, can this large majority (most of whom never become entrepreneurs, or worse, never even consider it) be brought round?

    I don't have a problem with the term "entrepreneur", but with the term "teach". You can obviously "teach" some business nous to a budding entrepreneur, but that alone wont get them there. I'd prefer the term "turn onto". It's more about mindset and seeing the possibilities, and as I said above, I have many witnessed many people go from dyed-in-the-wool functionaries/employee types to true entrepreneurs.


    Pet peeve moment: Celebrity. Once again the self-publicists are getting all the limelight (QED I hear you say), but as entrepreneurs/business people, we should be digging deeper, much in the same way that Stephen Hawking is one the world's best known scientists, yet is not rated that highly by his peers based on his scientific work. For example, Michael Dell is a strange case to study. No charisma, not good people skills, yet one of the most successful entrepreneurs in the world, by anyone's standards, who started selling PCs from his dorm at university at 19.
     
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    C

    Chris Kaday

    OK there are people I regularly meet who I know will never ever have a successful business as their ‘beliefs’ and ‘behavior’ just will not create it. There are others you know will do it, even if they have not found the right vehicle yet. There was even a budding entrepreneur I spotted in my son’s class at school. He has a successful telecoms company now and he is still in his early 20s.

    However, entrepreneurship can certainly be taught (to some extent) in order to help owner managers grow their businesses, but only if they are willing to change their mind set. This is what I do every day with the very few clients I decide to work with. My decision to take them on is based on; am I interested in what they do, will I enjoy working with them and if they are genuinely willing to change. I test this by asking questions and putting out ideas to see how they respond.

    So I have changed the managers mindset into what I call ‘millionaires mind’ – damn hard work with some though. However, when there is a breakthrough it is like a ray of sun on a dark day. That's why i do it. I often find clients saying when reporting a particular successful ‘entrepreneur moment’ ‘I thought what would Chris do …’ and ‘My I found myself sounding just like you’. He he

    There is one final point though and that is who does the teaching? Entrepreneurship is written about in thousands of books (entrepreneurs love to recount their success) and I bet many of you have them on your shelves. The web is full of it too. So why not more change? Sure you can change your thinking by reading but far better to apply ‘the entrepreneur’s way’ to real situations as they occur. However, you can’t learn to be successful from someone who has not achieved success themselves and very few successful entrepreneurs are interested enough to engage directly with business owners and pass it on.


    Chris kaday
     
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    I think...You can teach someone about business (or how to be an entrepreneur) until the cows come home...BUT its up to that person to use that resource, and i also think that persons personality comes into it...some are more willing to take risk than others, some don't want to follow the crowd, and start a new branch, and gets in there 1st - before everyone else jumps on the bandwagon.

    so in summary...

    The Teaching part is only the beginning - it brings a newbie up to where we are now, but it takes something that is not teachable to take it further - its the persons own way of thinking that will either make them the majority, or the minority billionaires.

    Matt
     
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    C

    Chris Kaday

    OOps did not mean to suggest that main tool of the entrepreneur was instilling fear in others although I can be pretty awesome when my passion is roused. I meant fear is the main reason why people are not entrepreneurs. Fear of failure, fear of success, fear of making decisions, fear of going for what they want, saying what they think and so on.

    Chris Kaday
     
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    E

    Entrepreneur

    "Getting into a situation where you can proudly call yourself an Entrepreneur requires quite a large amount of success (as you make something from nothing through innovation) and this cannot be taught."

    I think it depends on your interpretation of the term entrepreneurship.

    Reading the above quote I would consider this person to only consider an entrepreneur someone who has succeeded in his or her goal. I would disagree and consider an entrepreneur someone who is trying to set up a profitable business. Also someone as the quote says that has succeeded.

    In most of the biographies I have read by some of today’s biggest entrepreneurs there’s one thing in common. They all made mistakes. They all at times did things that did not go as planned. They learnt through their mistakes and through there books can pass these lessons on to us.

    I like some others here believe to one extent entrepreneurship can be taught. Most of our behaviours are learnt. So I voted yes.

    Some of the what it takes to be an entrepreneur books I have read certainly taught me many things that’s I would rather be taught through a wanted lesson than find out the hard way.

    Entrepreneur.
     
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    I think an experienced entrepreneur is someone who sees opportunities everywhere, can't help themselves, and sees ways to turn opportunities into successful businesses, select the best from these opportunities and takes action, quickly and decisively, to start and to get out if need be.

    Entrepreneurs in general are anyone who has an idea for a business and takes action.

    I voted yes because in both cases, entrepreneurship can be taught.

    You don't need to be as good as the failure rate of new businesses suggests.

    The general rule I follow is whatever the majority do (average), do the opposite to ensure success.

    The 80/20 rule applies in most things business related.

    God, don't I sound so cock-sure of myself.

    I'm not, just sharing my experience. Yours may vary.

    Steve
     
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    I think an experienced entrepreneur is someone who sees opportunities everywhere, can't help themselves, and sees ways to turn opportunities into successful businesses,

    Can't agree with that,success comes from recognising an opportunity,then doing research,research,research,and then going ahead when you are as sure as possible of the viability of a business.

    Taking as few chances as possible is what makes a good entrepreneur.

    Having a gut feeling usually means you have eaten to much :D
     
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    Hi,

    I agree, you need to make sure of the 'viability', which is why I said 'select the best of these opportunities'.

    But it's equally important to not get tied up with researching your life away.

    There's always many reasons not to do something, always.

    At some point you've got to make a decision and take action.

    The best research is a toe in the water, get the first sale, or the first client.

    An experienced entrepreneur acts much quicker because they shortcut the process.

    And money loves speed.

    How much research do you think the most successful entrepreneurs did ?

    Or do ?

    Better to go out and get your feet wet, in a small limited (and cheap) way, because you're learning.

    And learning what doesn't work takes you a step closer to learning what does.

    Personally I know how to quickly research any opportunity, with the internet it's now much quicker.

    2 critieria...

    1) Does it have potential to be a good business ?

    2) Is it right for me...does it fit my goals ?

    For example, a friend of mine just bought a sandwich shop and asked if I wanted to be a partner. Could be a great little business. But no good for me because the upside potential is limited.
    Now if the sandwich shop could be expanded or changed to a more profitable venture, especially one where I could turn a reasonably quick profit...maybe getting planning permission for a hot food takeaway, adding approx 20K to the value of the lease(I know because I've done it before), then I'd be interested because I could flip it for a quick profit. But knowing it wouldn't stand a chance of getting the change in use(after 10 mins on the internet), I let it pass.

    But if I'd made an appointment with the local planning officer, visited the council offices, had him say he'd have to visit the premises, met him there, then listened as he discussed policies with me etc, maybe hired a planning consultant because I thought it could still have legs, spent all that time (maybe a month) and money on a dead duck, like I have in the past...I'd arrive at the same position I am now for 10 mins research.

    And that's my experience paying off for me.

    And these simple things can be taught.

    Some entrepreneurs would have you believe they're performing magic, but once you know the tricks you see it's just smoke and mirrors. The truth is anyone can do it.

    Steve
     
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    Taking as few chances as possible is what makes a good entrepreneur.
    Sorry, Earl. I can't agree with that. Entrepreneurs do take risks; it's one of the things that make them entrepreneurs. The key, though, is taking the right risks and for the right reasons. We're talking about making the unlikely happen, not being reckless.
     
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    A long time ago I read that a vast amount of self made millionaires had gone bankrupt in the past. I agree with a lot of the previous posts that risk taking is both good and bad, depending on whether successful or not.

    Although true entrepreneurship requires a natural flare, I have met some extremely successful business managers, who on the whole have followed proven sales techniques.

    I wouldn't care less how much natural ability a rep had if they delivered the goods!
     
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    Y

    Yourlocaltrades

    I honestly dont think it can, it takes a special person to be able to cope with all the lows, by that i mean the usual saying that we get with "get a proper job" etc, i think you either have it or you dont, i think it takes a special person to get on and do it, something that is within and can't be taught.
     
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    cjd

    Business Member
  • Nov 23, 2005
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    www.voipfone.co.uk
    Almost all the true entrepreneurs I've met (not all successful by any means) have been near crackpots; driven and determined to the point of obsession - quite often almost psychotic.

    We don't need too many of those, we need professional, hard working business people - and those types can be trained.
     
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