Who benefits from perpetuating the myth that entrepreneurs are born, not made?

Who benefits from perpetuating the myth that entrepreneurs are born, not made?

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The belief that entrepreneurs are born with a special gift—an innate set of characteristics that make them natural leaders or risk-takers—is a powerful myth that discourages many capable individuals from pursuing entrepreneurship. But who actually benefits from spreading this myth?

Beneficiaries of this myth:

  • Existing elite entrepreneurs: Those already successful may perpetuate this idea to reinforce their status as “exceptional,” protecting their competitive edge and mystique.

  • Investors and gatekeepers: Venture capitalists or mentors may unconsciously favor certain personality types or pedigrees (e.g., Ivy League graduates, extroverts), leading to the myth being institutionalized in funding decisions.

  • Motivational speakers/gurus: Many sell the idea of unlocking “hidden entrepreneurial talent” or "secrets of born entrepreneurs," profiting from exclusivity and charisma-based branding.

Why the myth is flawed:

  • Entrepreneurial skills can be learned: Critical business abilities—like leadership, problem-solving, communication, negotiation, and financial literacy—can be taught and practiced.

  • Diverse success stories exist: Many successful entrepreneurs started with no background in business or natural talent but developed skills over time.

  • Mindset evolves: Resilience, adaptability, and creativity aren't fixed traits. They’re cultivated through experience and mentorship.

The truth:

  • Entrepreneurship is more about consistent learning, willingness to fail, and the ability to take feedback than about being “born to lead.”

  • Believing entrepreneurs are made, not born, empowers more people to pursue ventures and drive inclusive innovation.