{"id":49,"date":"2013-02-18T10:51:17","date_gmt":"2013-02-18T10:51:17","guid":{"rendered":"https:\/\/blogs.uao.es\/economicas-empresariales\/?p=49"},"modified":"2013-02-18T10:51:17","modified_gmt":"2013-02-18T10:51:17","slug":"what-type-of-entrepreneur-are-you","status":"publish","type":"post","link":"https:\/\/blogs.uao.es\/economicas-empresariales\/2013\/02\/18\/what-type-of-entrepreneur-are-you\/","title":{"rendered":"What Type of Entrepreneur Are You?"},"content":{"rendered":"

Figuring out what kind of business to launch is hardly a science, but it should be considered logically.<\/p>\n

Think about the basic entrepreneur make up. While naturally all entrepreneurs are unique under the sun, they do tend to conform with certain archetypes. Some entrepreneurs are really inventors, who view the challenges of building a business as a necessary evil. Others are really marketers who believe that they can entice customers to any offering. Some just want to change the world and make it a better place.<\/p>\n

But why does this matter? It\u2019s my view that if you know what your strengths are early, you\u2019ll be better equipped to launch businesses that are more likely to survive and even thrive.<\/p>\n

I\u2019ve always wondered if there was some way that I could quickly deduce a new entrepreneur\u2019s \u201csweet spot,\u201d and optimize my mentoring to those strengths and weaknesses, maybe similar to the Myers-Briggs type indicator for business professionals. I just saw an interesting step in that direction via a new book \u201cEntrepreneurial DNA<\/a>,\u201d by Joe Abraham, with his\u00a0assessment website.<\/p>\n

\"\"<\/p>\n

His framework seems to be picking up some traction, and is already in use informally by several entrepreneurship platforms, including\u00a0StartupAmerica<\/a>, and\u00a0CoFoundersLab<\/a>. His methodology measures an entrepreneur\u2019s fit or DNA in each of four quadrants — Builder, Opportunist, Specialist, and Innovator (BOSI), defined at a high level as follows:<\/p>\n

1. Builder.<\/strong>\u00a0These entrepreneurs are the ultimate chess players in the game of business, always looking to be two or three moves ahead of the competition. They are often described as driven, focused, cold, ruthless, and calculating. Many might say Donald Trump epitomizes this category.<\/p>\n

Related:\u00a0<\/strong>4 Steps for Making Early Financial Projections<\/strong><\/a><\/p>\n

2. Opportunist.<\/strong>\u00a0The Opportunist is the speculative part of the entrepreneur in all of us. It\u2019s that part of our being that wants to be in the right place at the right time, leveraging timing to make as much money as possible. If you ever felt enticed to jump into a quick money deal, like a real-estate quick-flip, or an IPO, that was your \u2018opportunist\u2019 side talking.<\/p>\n

3. Specialist.<\/strong>\u00a0This entrepreneur will enter one industry and stick with it for 15 to 30 years. They build strong expertise, but often struggle to stand out in a crowded marketplace of competitors. Picture the graphic designer, the IT expert or the independent accountant or attorney.<\/p>\n

Related:\u00a0<\/strong>4 Tips for Overcoming the Top Challenge Young Entrepreneurs Face<\/strong><\/a><\/p>\n

4. Innovator.<\/strong>\u00a0You will usually find the Innovator entrepreneur in the \u201clab\u201d of the business working on their invention, recipe, concept, system or product that can be built into one or many businesses. The challenge with an Innovator is to focus as hard on the business realities as the product possibilities. Too many Innovators are like Dean Kamen, still struggling with the Segway Human Transporter, while holding 440 other device patents.<\/p>\n

Of course, discovering your entrepreneur type is only the beginning. After that, it\u2019s all about capitalizing on those strengths, shoring up your weaknesses and building a plan that works for you.<\/p>\n

Overall, I see real value in using this methodology in conjunction with incubators, business accelerators and mentoring. I\u2019m not yet convinced that anyone has a fully automated system that will nail your entrepreneurial DNA and help you succeed, despite the unpredictable business and personal realities.<\/p>\n

Related:\u00a0<\/strong>How to Sharpen Your Decision-Making Skills<\/strong><\/a><\/p>\n

But I see a real opportunity here for every entrepreneur to optimize his impact and his personal satisfaction with a minimum of effort. I challenge each of you to take a hard look at what makes you tick.<\/p>\n

Read more stories about: Planning<\/a>, Making decisions<\/a>, Starting a business<\/a><\/p>\n

By Martin Zwilling<\/a> from Young Entrepreneur<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

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