Are Entrepreneurs Made Or Born?

Are Entrepreneurs Made Or Born?
February 9, 2020 Tim Walterbach

Many people are not satisfied with their job, their boss, or their future and are asking the question, “Are Entrepreneurs Made Or Born?”  By Tim Walterbach #000349

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Are Entrepreneurs Made Or Born?

By Tim Walterbach

This text is in Extreme Rough draft and will be edited in the near future.

hello my name is Tim Walterbach with IBBTalks today we’re going to be talking about our entrepreneurs made or born I’m going to use my own story as a way to explore this idea whether anybody can be an entrepreneur or are there certain qualities that you’re just innately born with that will enable you to be an entrepreneur so my story is I analyzed and thought through this idea of whether you’re born where certain attributes you know I look at my life as somebody who was kind of put in a mold that I never fit in because I didn’t understand what being an entrepreneur was I went through all the education system that was available but it really wasn’t helpful to what I was ultimately going to become sure all the basics were absolutely necessary but I just was a round peg in a square hole and maybe you feel like that sometimes I look back at my school times and and what I was taught and the process is very frustrating but I had this other track going since I was really little I got to thinking about when I was even in the third grade we lived in this little bitty town and I would walk the alleyways go behind grocery stores and look for pop bottles pop balls used to have deposits on them and you can turn them in for money and when I was in fourth grade I started a paper route now this is something that was available to young people but still I was very young now at the time I didn’t know as an entrepreneur didn’t always doing anything out of the ordinary is something that came very natural to me if it was snowing I was grabbing a shovel I could I was in the 5th grade this is Nebraska so the snow was piled up high and all we had was a coal shovel a steel coal shovel I didn’t have the nice light aluminum ones but Cara was with my 30 pound coal shovel and the 5th grade out knocking on doors asking people if I could shovel their walks for 50 cents or a dollar and it was just something that always came natural to me something that I I wanted but in school just opposite very unnatural to me I was the kid always looking out the window and so I wish I had understood the who I was earlier on and maybe that’s the value of sharing my story maybe you’re frustrated near you’ve don’t fit in the boxes that other people create for you I I was in school all the way through I was a junior in college I even went to a jewelry in gemology school thinking that maybe it and I’d sit behind the bench and create jewelry all day and you know I spent a couple years there and didn’t use that for anything I worked one place for a while just hated it and then I went off to school again and up to my junior year and one summer I started a a long business I picked up a mower and needs some money and I thought well I can go work for somebody for you know good rate at that time probably six seven dollars an hour and I thought well I can do that I can mow lawn for twenty and so I got a mower I borrowed money for a weed eater from my future wife didn’t know she’s gonna be my future wife at the time but she loaned me money for a weed eater and I went up and down the streets knocking on doors like when I was a kid asking people I came over long so in time I built that business up though I love just working for myself I didn’t go back to school i finished online I just loved building something that I could call my own that that I could set my hours you know I you know as a friend always says you know as an entrepreneur you can work whatever hours you want whatever 80 hours you want to work you can work and so I didn’t mind working long hard hours it was it was you know something I was building and I built that up got some commercial accounts created some value and and ended up selling that business and bought a janitorial company and then I built that up bought a little fledgling general company matter II organized that and built that up and sold that and then I began to see that I wasn’t gonna get to where I wanted to go though because I was doing things that anybody could do it’s always basically the law of supply and demand and my lawn business I was competing with other high school kids or college kids like me when I got started and that was always gonna keep the price down so I sold everything you know this is another way I knew as an entrepreneur I wasn’t afraid to take risk I had a wife and kids and and I was responsible and I had an idea of starting a magazine called Tulsa’s best businesses and it was just built on a need and an idea that I had if you’re moving to town this would be pre-internet days right if you’re a moving the town how would you find the best doctor or dentist or mechanic or you know you had to start all over and I thought you know if I could come up with some criteria that you know for my magazine to be featured in my magazine you know like in the three I came up with you had to be in business at least five years you had to have no outstanding complaints with the association’s you belong to and you’re willing to give references so it was kind of a unique approach when I wouldn’t talk to people you know is more like hey are you worthy to be in my magazine without saying that of course but it worked and I started this magazine and traded some and you know we ate out a lot because I traded a lot that we featured a lot of the best restaurants in town it was kind of fun and I built that up and that provided another opportunity you know this is this is something an entrepreneur is always looking for he’s not afraid to risk for a better opportunity I was in Milan my final publishing days of this magazine and I sold a two page four color ad that says the biggest I had was the back cover to a local developer who developed really nice high-end developments for resident for residential you know he’d go buy a piece of property put the streets in sell a lots and I saw an opportunity there and I developed a refresh it with them and I thought man if I could figure out how to build a home I could maybe be you know be someone who takes his Lots and improves them and sells them and so I you know talked to my father and we he went to the bank I couldn’t do it at the time not that level and we put up a spec home I built this my first spec home on one of his property not in one of his high-end developments but he had some old lots and so I took what I could I’m owed his development you know the the entrances in the evening just to make a little extra money and I put everything I had in this this home and I built this modest two thousand square foot home and I kind of experimented with some colors and I liked one that I saw in a house and I I didn’t have the the right formula and so it turned out to be this really awful peach color I remember sitting on the stairs and looking at that thinking I have totally blown it there is no way and I can’t afford to repaint the whole house so the next Sunday or Saturday we had an open house and in comes us lady with this bright yellow peach windbreaker on and yellow shirt and she just loved it and and she bought that and during that time I showed it to a guy said well I don’t want this house but I want to build another house and I ended up building for him around the corner and got my custom business going and I had been doing that since since 94 so for me it was something that I was born to do now to answer the question are you born or made you know there’s a lot of different levels of entrepreneurship you know there’s a guy who buys a franchise that’s an entrepreneur and maybe you’re not the type to want to just go out and start something from scratch but you’re somebody that wants to buy something but you want to the experience of building a business so the answer is are you are they made or born I think the answer is yes there’s you know there’s some intuitive things that you have to have but they can be bought if you pull out of franchising and learn from somebody else in in their abilities so don’t be frustrated though don’t be don’t let other people put you in boxes do what you’re the most gifted to do and what brings you the greatest joy and if you’re willing to take the challenge and throw everything on the line and work a few extra hours you can be an entrepreneur – thank you for your time I appreciate it

 

Tim Walterbach
Founder and CEO | Walterbach Homes
Not only is Tim a successful business owner, author, and speaker, he has specialized in creating the turn-around for several non-profit organizations in Georgia, New York, and Oklahoma. His success is featured in the book, "Finish the Vision".

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