A study of 'the relationship between the characteristics and life experiences of entrepreneurs' has just been completed at the University of Derby. The four-fold purpose of this study, was to: identify and evaluate from existing literature the personal traits and characteristics of entrepreneurs and the main factors or life experiences which may affect their characteristics; identify from the authors primary research, the personal traits and characteristics of entrepreneurs; to identify from the authors primary research which factors or life experiences affect particularly the characteristics of entrepreneurs; and, finally, to assess whether there is any correlation between the characteristics and life experiences of the entrepreneurs investigated in this study and those identified by other academic studies 'tend to be rebels, outsiders, and original thinkers who take risks and break new ground, constantly on the look-out for new opportunities'. It is the belief that entrepreneurs possess a cocktail of qualities distinguishing them from the average person that has ignited the interest of economists, sociologists, psychologists and academics in understanding the entrepreneur, and resulted in a mass of information becoming available. LITERATURE REVIEW This section aims to highlight and evaluate the various traits identified with entrepreneurs, and then establish whether entrepreneurs are born with these traits, or whether, they are shaped and developed through their life experiences. Put simply the purpose of this review is to establish whether entrepreneurs are 'born or made'.
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