The entrepreneur style is a personality characteristic that will tell you what kind of entrepreneur you are and leverage your strengths. It is important to look at your entrepreneur style because it can help you determine where you want to go with your company, what kind of company you want to create, and how to run it.
There are many different entrepreneur styles, and knowing yours can be the key to success. It is important to know which category you fall into because it will dictate the type of business you start. It is also important that you know your strengths and weaknesses to run your company effectively for you. In this blog post, we will go over the three most common types of entrepreneur styles and give you the best advice on identifying yours to make your company successful.
1. Mission/Passion Driven
Being a mission/passion-driven entrepreneur, you are characterized and motivated by a stronger desire, purpose, and cause. You are often inspired to start your own business to make a difference in the world that is centered on a specific topic matter you are passionate about, to compensate for a wrong in your community. You are most likely to be driven by a higher cause or purpose that transcends making money; this might be about changing society or protecting the environment.
In this entrepreneur style, you are very passionate about your work and are constantly looking for ways to improve your products or services. You are also very committed to your customers in driving them away from something undesirable and serving by moving people toward something beneficial that exceeds their expectations.
2. Demand/Opportunity Driven
Being a demand/opportunity-driven entrepreneur, you are the one who finds and follows a new area of opportunity and growth. You see potential where there might be an unsatisfied demand in the market. By approaching a market to create new demand and make an impact through innovation, you can make creative ideas happen.
In this type of entrepreneur style, you are great at spotting trends and seeing things for what they could be. You are best-suited to starting businesses that focus on improving the world or making it a more efficient place. You can be motivated by changing the world or making a difference by simply meeting existing demands and trying to think about how you can change things for the better.
3. Independence Seekers Looking for the Freedom of Owning a Business
If you are in this group of entrepreneur style, you are all about independence and the freedom owning your own business can bring. You want to be your own boss, set your own hours, and make your own decisions. This gives you the liberty to make choices that best suit you and your lifestyle. As the owner of your own business, you reap the rewards of your hard work. If you fall into this category, you are driven by the need to be free and make your own rules.
In this type of entrepreneur style, you are often drawn to start-ups in your business with a lot of growth potential. You are risk-takers who are not afraid to roll up your sleeves and get your hands dirty. For you, it is not about the money but creating something on your own. You are often motivated by paying off debt or breaking out of a job you dislike to try something different in life.
Understanding what type of entrepreneur you are can help you guide the decisions that will lead you to success. It is the key that will lead you down the right path towards achieving entrepreneur goals. Recognizing your entrepreneur style can help you understand what makes you driven. It will help you learn how to work more efficiently towards your goals, and it will also offer insight into how to reach out to other entrepreneurs in a way that gets the best results. It is the key to unlocking the door of opportunity for potential growth. Knowing your style is an important step in the process of success, and it may be worth researching or speaking with a professional if you don’t know which category best describes who you are. If you want to learn more about your entrepreneur style, we at Wealtheo™ can help you. Contact us today or subscribe to Wealtheo+ to learn more.