I tend to think entrepreneurs are essential to a vital economy. But who are these people? Maria Minitti has a piece in the Business Strategy Review that studies the type:
No precise profile of the entrepreneur exists reminds the author, a professor at Babson College in Massachusetts, but a few common traits emerge. Entrepreneurs are more likely to be employed than not; are more likely to be male than female; often have observed other entrepreneurs in action; and tend to be influenced by macroeconomic variables—entrepreneurs are less likely to fail in a stable legal and regulatory environment. The author names two fundamental characteristics of successful entrepreneurs: alertness to opportunities in the market; and the ability to amass the resources (human, capital and physical) to exploit such opportunities.