In American society, under “the right conditions” the choice to become an entrepreneur is highly lauded or praised. Our government, private corporations, and even universities and colleges spend millions of dollars every year to create programs that cultivate the entrepreneurial spirit. Accelerators and incubators offer support to these aspiring entrepreneurs by creating low cost collaborative environments for new companies to get started.
In addition to these formalized programs, the reality is that there are many people who become entrepreneurs by necessity. An entrepreneur by necessity might not even be aware of their entrepreneurial skills and talents. Furthermore, they might not even want to be an entrepreneur. The reality is that some folks are just trying to generate an income that will allow them to cover their most basic needs.
Some reasons why people may become entrepreneurs by necessity include being unemployed, systemic poverty, and they might be too young to be able to find a job. To better understand the mindset of an entrepreneur as well as the type of environment that cultivates success, please watch the video below.
Rany Komisar–Entrepreneurship by Necessity
If you are interested in reading more about entrepreneurs by necessity you might find the following links to be valuable:
DISCUSSION QUESTIONS:
1. Where is the Silicon Valley?
2. List three companies that are headquartered there.
3. Komisar talks about a culture of entrepreneurship. What factors are important in creating such a culture?
4. Can failure be positive? Please explain your answer thoughtfully.
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