Study: Entrepreneurs born, not made

Study: Entrepreneurs born, not made

Oct 20, 2006, 15:30 GMT

BOSTON, MA, United States (UPI) — A study by a Massachusetts university finds that most entrepreneurs believe an innate drive rather than training launched their careers.

Scholars at Northeastern University`s School of Technological Entrepreneurship found that 62 percent of U.S. entrepreneurs believe they were born with the ambition to start their own organizations, the school said Friday in a news release.

The survey of more than 200 U.S. entrepreneurs also found that just 1 percent of entrepreneurs surveyed identify 'higher education' as the primary motivation for starting a business. Other motivations given were work experience, at 21 percent, and the success of entrepreneurial peers within the industry, at 16 percent.

Most entrepreneurs surveyed, 62 percent, said they do not have a family member that is an entrepreneur. However, the results identify family members as the biggest inspiration in their lives, at 37 percent. Many entrepreneurs, 42 percent, launched their first venture during childhood, through a lemonade stand or paper route. While 88 percent of today`s entrepreneurs consider themselves to be risk takers, 44 percent of these entrepreneurs claim they are somewhat cautious when faced with major decisions.

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