How to Know if You Have the Entrepreneurial Personality

Understanding the various personality types in existence takes time and experience. There are countless books and tests designed to help you discover your own unique personality and the personalities of those around you. Entrepreneurs may fit into several predetermined personality types based on their strengths and weaknesses. But one key difference that sets entrepreneurs apart from the general population is their unique approach to finding solutions. They do things differently than most people, and their unconventional ways sometimes begin at an early age. 

 

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Understanding the entrepreneurial personality

While entrepreneurs differ in some ways as individuals, as a whole, they often possess similar traits or personalities that drive their success as business owners. They learn that it takes dedication, perseverance and a positive attitude to overcome any challenges that arise when starting a new endeavor. Because things don’t always go as planned, entrepreneurs must be willing to embrace change and continually adapt their vision of success along the way. Here are some of the most common traits that make up the entrepreneurial personality:

  1. High integrity and ethics
  2. Strong communication
  3. Charisma
  4. Creativity
  5. Curiosity
  6. Problem solver
  7. Leadership
  8. Compassion
  9. Passion
  10. Risk taker

 

1. High integrity and ethics

Successful entrepreneurs have true integrity. They’re honest and respectful, and treat their customers and business partners in the same way. They know the value of a hard day’s work and don’t waste time doing unnecessary things.

 

2. Strong communication

Entrepreneurs are excellent communicators and people often come to them for advice. They make great mentors and advisors because the way they act and speak to others shows confidence. Entrepreneurs feel comfortable giving advice and helping people solve their problems.

 

3. Charisma

People are naturally drawn to charismatic personalities because they provide positive energy and help boost the self-esteem of others. Charismatic entrepreneurs know what to say to make people listen and how to get people on their team.

 

4. Creativity

Highly creative people make good entrepreneurs because they think unconventionally. They’re constantly dreaming up unique ways of doing things that keep them engaged in their goals. Creative entrepreneurs generate new ideas and turn them into reality.

 

5. Curiosity

Being curious leads to amazing discoveries. Successful entrepreneurs often begin their business journeys out of total curiosity. They want to understand how things work or why things don’t go as planned and continue to search for answers. Being naturally curious keeps you learning and growing, which benefits businesses that continually evolve with the times.

 

6. Problem solver

Finding solutions to everyday problems often leads to the invention of new products or services. Entrepreneurs are great problem solvers who often take matters into their own hands rather than rely on other people to step in. They feel comfortable taking the lead and looking for solutions that produce results.

 

7. Leadership

Entrepreneurs are born leaders. They’re not afraid of a challenge, even if it means enduring the challenge alone. Starting a new business takes courage because new ideas take time to produce measurable results. Leaders have what it takes to create new companies and manage them while they grow, which often means they’re doing the work of many people. Once they’re able to find additional help, they must use their leadership skills to train new hires.

Read more: 7 Effective Skills to Help You Become a Better Leader

 

8. Compassion

You’ve probably heard that a company is only as good as its people. That’s why it’s important for entrepreneurs to treat their employees with compassion and understanding to create a harmonious work environment. Businesses need nurturing in order to succeed, and your ability to relate to others and care for people who need attention is a valuable strength.

Related: How to Motivate Your Employees

 

9. Passion

Think about what motivates you in life. Being passionate about something in life does many things. For example, it gets you out of bed in the morning and helps you make important decisions. Passion creates excitement and hope for the future. Successful entrepreneurs care less about the money and more about their vision. They work hard with unwavering perseverance to accomplish their career goals, even if it takes years to see results.

 

10. Risk Taker

Pursuing something you’ve never done before involves a fair amount of bravery and confidence. As with any new business, there is a chance for success or failure. Entrepreneurs are well aware of both outcomes and move ahead with their plans despite the risks. They recognize that they must be proactive in pursuing opportunities that will help their businesses flourish. 

 

Three quick tests of your personality

If you’re trying to determine whether you have the entrepreneurial personality, consider taking an online personality test for increased self-awareness. If you’re limited on time, see which of the three common types of business owners you identify with the most: 

  • The entrepreneur. Business owners with an entrepreneurial spirit always see the big picture. They’re efficient, strategic and passionate about the success of the business overall. They’re often alone, dreaming up new ideas for the future.
  • The manager. Managers enjoy working with others to achieve results. They work hard to meet goals and delegate tasks. But overall, they’re present, highly organized and focused on the immediate plan-of-action.
  • The technician. Technicians focus on performing the work required to achieve maximum profitability. They enjoy having a structured work environment led by managers who guide the company. 

 

Entrepreneurial personality FAQs

Here are some of the most frequently asked questions about having an entrepreneurial personality: 

 

How do you know if you have entrepreneurial traits?

While some people instinctively know that they possess the traits of an entrepreneur, others seek online testing for further confirmation. If you haven’t already, read the beginning of this article to see if you identify with any of the top traits. You may even try asking a friend or family member if they think of you as an entrepreneur.

 

Can anyone be an entrepreneur?

Yes, anyone can be an entrepreneur with the right mindset and life experiences. It all depends on your motivation, level of commitment and willingness to work.

 

How do I develop the top traits of an entrepreneur?

The answer is simple: learn by doing. When you put in the work, your real-world experiences strengthen your weaknesses. Of course, there are many self-help resources available online designed to guide you through the process of self-improvement. You might consider signing up for a developmental workshop or searching for books about entrepreneurship if you need extra support getting started.

 

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