Disclaimer:
While this assessment is based on current thinking, it must not be used as the sole decision making tool when considering entrepreneurship. Though it attempts to identify strengths and shortcomings in the skills and character required for entrepreneurship, it cannot predict success or failure in business. We cannot be held liable for any decisions made, based on the results of this assessment.
Generally these kind of assessments give you a very simplistic "Yes" or "No" answer or a score. In the case of entrepreneurial aptitude, the answer is never as simplistic. This assessment endeavours to highlight strengths and weaknesses and suggests entrepreneurial limitations to consider. The set responses are based on the answers to individual questions as well as interactions of answers between multiple questions. Some questions are added based on responses to previous questions. We hope that the detailed report that results gives you much to think about when considering your suitability for entrepreneurship.
First, we need to find out if you can afford to consider entrepreneurship:
Question 1 of 13
What's your risk tolerance?
Ok.
Question 2 of 13
What is your current job security?
Thank you.
Question 3 of 13
What is your current financial situation?
Given the answers to the first 3 questions, we can say...
You lucky fish. Making enough money to retire without taking any risks means the universe has smiled on you. So now it’s time to give some of that back. You could start‑, invest in‑ or buy ‑a business that has more altruistic‑ or social ‑goals and has low‑ to medium ‑risk levels. You have the passion, time and finances to make differences in other people’s lives. This will, in turn, make your life more fulfilled.
You probably chose not to be employed or you're retired. Your analytical approach to dealing with risk has probably served you well in setting you up for retirement. The free time you have and your risk approach make you an ideal investor and/or mentor to prospective business owners with business ideas at any risk level. You could also use your skills and financial support to help struggling businesses improve their bottom line or you could take successful ones to even greater heights.
It sounds like you made some good choices in life and have managed to secure your financial future through risk management and belief in yourself and your capabilities. You are now in the ideal position to support others with your skills and knowledge by starting‑, investing in‑ or buying ‑a business with any level of risk. The higher you level of self‑belief, the more risky the investment you could go into. After all, you only grow when you challenge yourself.
Sounds like you've been very lucky. Your reckless approach to risk seems to have paid off and you now have time and finances to keep testing the limits of your luck. Keep investing your time and money into risky ventures. You'll get bored with the monotony of relatively riskless businesses too quickly to have a positive impact. But you would make an ideal angel investor ‑ as long as you don't overreach your finances.
You're probably already very concerned about your current position. You have nothing to lose but you're not willing to risk anything. You'll probably be happier in a job even though your meagre needs put you in a good position to start your own business. If you do try "entrepreneurship", stick to the "sure thing". Start‑, invest in‑, buy‑ or work your way into ‑a successful business with predictable returns. And then work hard!
Unless you chose your employment situation you're probably highly stressed about it. You have nothing to lose and you're sensible about risk. Your meagre needs put you in a good position to start your own business. Even though you'd be happy in a job with a fixed income, your risk analysis skills indicate that you could strive for more. If you do try entrepreneurship, make sure you gather as much data as possible before you dive in. You could invest in‑, buy‑ or work your way into ‑a struggling business, if you can see how to make it profitable.
You're seeing your employment status as a challenge. You have nothing to lose and your confidence and self‑belief would serve you well in entrepreneurship as long as you are careful about not overextending your finances. You could take an existing business to new heights by taking greater risks and pushing its boundaries. You could also start a new business modelled on other businesses and do it better. You have the cavalier attitude and force of will required to take on a whole new industry, turn it on its head and revolutionise it.
You have nothing to lose and are in a good position to be entrepreneurial but you might be too reckless. Most of your entrepreneurial efforts will fail because you don't think them through and you dive in head first. The one that doesn't fail will make you an "overnight success" and a household name. Make many attempts at starting businesses but be careful how much you invest in them and how many people you drag along. Once you've hit on the right idea bring in people to steady the ship and run it for you while you work on your next idea.
You're probably concerned about your current work situation. Using your savings or alternative incomes to survive will keep increasing that pressure every month. You're probably best off finding yourself a secure job. Once your financial situation is more secure you can consider investing in‑, buying‑ or working your way into ‑a stable‑ and successful ‑company with predictable returns.
You're probably stressing about the risk your current employment situation is putting you in. Every month you don't work is increasing that risk so you're probably exploring every avenue to earn an adequate income. Your choice needs to be between finding a secure job and building up savings until you retire or risking some or all those savings on a brighter future. You could do this by starting‑, investing in‑, buying‑ or working your way into a business with a relatively secure business model and record of success. Perhaps your analytical skills when it comes to risk can be an advantage in choosing the right industry.
Even though you feel that your risk is under control, every month you don't earn an income, is increasing the pressure on you. You're probably exploring every avenue to improve your income. Starting‑, investing in‑, buying‑ or working your way into ‑a business may be a reasonable option. You could probably consider a relatively risky business because your go‑getting attitude and calm demeanour in the face of risk will add much to it. Don't wait too long though. You don't want to eat through all your savings.
Your reckless approach to risk could be your downfall. Now is not the time to be throwing "Hail Mary" passes. It's time to consolidate your financial position by finding a steady job or investing in‑, buying‑ or working your way into ‑a successful business with predictable returns. You'll probably get a little bored there so look at it as a stepping stone before trying more risky investment options. And don't stop dreaming. Your next “big thing” might hit you while you're idly pushing papers around.
Your current financial situation needs to be your first concern and the best and quickest way to address it is to get a stable and secure job. You must consider bringing down your debts and monthly expenditures before starting‑, investing in‑ or buying ‑a successful and stable business with predictable returns. Your best bet would be to work your way into a company that you can earn or buy equity in.
Your risk analysis of your current situation will already have told you that you are in trouble. You urgently need to get a stable and secure job. You must consider bringing down your debts and monthly expenditures before starting‑, investing in‑ or buying ‑a successful and stable business with predictable returns. Your best bet would be to work your way into a company that you can earn or buy equity in.
Even though you feel that your risk is under control, every month you don't earn an income, is increasing the pressure on you. You're probably exploring every avenue to improve your income. Starting‑, investing in‑, buying‑ or working your way into ‑a business may be a reasonable option but you should probably consider bringing down your debts and monthly expenditures first. You could probably consider a medium risk business because your go‑getting attitude and calm demeanour in the face of risk will add much to it. Steer clear of very risky ventures.
It sounds like your reckless approach to risk is getting you into trouble. Now is not the time to take any risks. Get a steady job in a stable‑ and successful ‑company and start paying off some debts and building some savings. But don't stop dreaming. Look at this as preparation so you are financially ready, when your big idea hits.
You lucky fish. Making enough money to retire without taking any risks means the universe has smiled on you. You are probably still working because you love what you do. So now it’s time to give some of that back. You could use your passion and start‑. invest in‑, buy‑ or work your way into ‑a business that has more altruistic‑ or social ‑goals. You have the passion, time and finances to make differences in other people’s lives. This will, in turn, make your life more fulfilled.
It sounds like you're working because you enjoy your job. Your risk management seems to have afforded you a comfortable space in life. You're probably scared of getting bored during your retirement. Starting‑, investing in‑ or buying ‑a business may be the next challenge in your life. Your risk management skills will come in handy and you have the chance to improve your lifestyle at little‑ or no ‑risk to your retirement. Alternatively, you could invest in a business that has more altruistic‑ or social ‑goals. You have the passion, time and finances to make differences in other people’s lives. This will, in turn, make your life more fulfilled.
You're in a good position not to feel worried about the risk of losing your employment. Your confidence and risk management skills have obviously paid off. You're probably working because you enjoy your job. You're in the ideal position to make what you do a business and to sell your services at a higher rate. You could also use your risk management skills to start‑, invest in‑, buy‑ or work your way into ‑a moderately risky business venture. This will give you the opportunity to grow a bigger nest egg. Alternatively, you could invest in a business that has more altruistic‑ or social ‑goals. You have the passion, time and finances to make differences in other people’s lives. This will, in turn, make your life more fulfilled.
You must have been quite lucky to gain financial security given your cavalier attitude towards risk. You're probably also still working because you love your job. You're in the ideal position to make what you do a business and to sell your services at a higher rate. You could also start‑, invest in‑, buy‑ or work your way into ‑risky business ventures. This will give you the opportunity to grow a bigger nest egg. Alternatively, you could invest in budding entrepreneurs. You have the passion, time and finances to make differences in other people’s lives. This will, in turn, make your life more fulfilled.
You've kept your debts and financial responsibilities low because you're avoiding risk but you're not happy with your tenuous work situation. You're probably hoping to find yourself a more secure job. You might want to consider developing a secondary income by starting‑, investing‑, buying‑ or working in ‑a business that is stable and has proven returns. Spreading risk is sometimes the least risky approach.
You're probably stressing about the risk your tenuous employment situation is putting you in. You have nothing to lose and you're sensible about risk. Your meagre needs put you in a good position to start your own business. You'd be happy in a job with a fixed income but your risk analysis skills indicate that you could strive for more. If you do try entrepreneurship, make sure you gather as much data as possible before you dive in. You could also invest in‑, buy‑ or work your way into ‑a struggling business, if you can see how to make it profitable.
You're being prudent, keeping your expenses well below your income. Your confidence in dealing with risk has allowed you to work in a more tenuous employment situation but the time will come when you will need a nest egg. You could invest in‑, buy‑ or work your way into ‑a struggling business, if you can see how to make it profitable. Alternatively, a stable business might offer you more income security.
You might enjoy the risk posed by a tenuous job situation but you're being prudent by keeping your expenses well within your means and not incurring big debts. You could invest in‑, buy‑ or work your way into ‑a struggling business, if you can see how to make it profitable. Alternatively, a stable business might offer you more income security but will probably not offer the same excitement.
You're probably already worried about your current employment position though your savings mean that you'd have a few months grace if things went wrong. While you're still employed, this may be a good time to consider developing alternative income streams by investing in‑ or buying into ‑a stable‑ and successful ‑company with partners to help you mitigate some of the risk. Alternatively, you can work your way into a similar company where you can eventually buy or earn equity.
You're probably stressing about the risk your tenuous employment situation is putting you in. You don't want to run the risk of needing to eat into your savings or retirement fund. This means you either need to find more stable employment or that you need to invest in‑, buy‑ or work your way into ‑a stable‑ and successful ‑company with predictable returns. This will help you increase the growth of your nest egg and allow you to rely on your risk management skills to secure your income.
You're probably very careful about managing the risk your tenuous employment situation is putting you in. You don't want to run the risk of needing to eat into your savings or retirement fund. This means you either need to find more stable employment or that you need to invest in‑, buy‑ or work your way into ‑a stable‑ and successful ‑company with predictable returns. Alternatively, a struggling business might offer you more excitement given your risk management skills. Be careful not to overreach financially though.
You're living on the edge in terms of job security but you're being prudent by keeping your expenses and debts low enough to survive for a few months. You don't want to rely on your savings to survive though and every month you do, will increase the pressure. This means you either need to find more stable employment or that you need to invest in‑, buy‑ or work your way into ‑a stable‑ and successful ‑company with predictable returns. Alternatively, a struggling business might offer you more excitement given your appetite for risk but be careful not to overreach.
You're probably already worried about your current employment position and you need to be looking at securing alternative income streams as well as reducing your debts and monthly expenditures. Either way you should be saving or investing any extra income to build a nest egg. A good saving option may be investing in stable‑ and successful ‑companies.
You're probably very worried about your financial situation in the face of your unpredictable employment status. You are in no position to risk money and time on a business venture. You should be focussing on finding more secure employment and then reducing debts and financial dependence. Only then will it be safe to consider incurring the risks of business for greater rewards.
You probably think you're in control of your finances but your tenuous job situation should be a great worry given your dependence on this income. You should be focussing on reducing your debts and expenses before you investing in‑, buying‑ or working your way into ‑only the most stable businesses. A predictable income is more important than potential growth at the moment.
You're living on the ragged edge and exposing yourself to tremendous risks given your need for an income and tenuous employment situation. You should be focussing on securing your employment and/or reducing your debts and expenses. Since you're quite used to living under pressure you could consider starting‑, investing in‑, buying‑ or working your way into ‑a medium‑ to low ‑risk business. Stay away from risky opportunities. They could be your downfall.
You lucky fish. Making enough money to retire without taking any risks means the universe has smiled on you. You are probably still working because you love what you do or you're trying to improve your lifestyle. You could use your passion and start‑. invest in‑, buy‑ or work your way into ‑a business that has more altruistic‑ or social ‑goals while bolstering your bottom line. You also have the passion, time and finances to make differences in other people’s lives which will, in turn, make your life more fulfilled.
Your risk management seems to have afforded you a rather comfortable financial position. You're probably working because you enjoy what you do. You could use your passion, knowledge and skills to start‑. invest in‑, buy‑ or work your way into ‑a business that has more altruistic‑ or social ‑goals. This could make a difference in other people’s lives which will, in turn, make your life more fulfilled. Alternatively, you could use your financial freedom to invest in a more risky business. With greater risk comes the opportunity for greater reward. Your risk management skills will guide you.
Your confidence in yourself when it comes to dealing with risk seems to have afforded you a rather comfortable financial position. You're probably working because you enjoy what you do. You could use your passion, knowledge and skills to start‑. invest in‑, buy‑ or work your way into ‑a business that has more altruistic‑ or social ‑goals. This could make a difference in other people’s lives which will, in turn, make your life more fulfilled. Alternatively, you could use your financial freedom to invest in a more risky business. With greater risk comes the opportunity for greater reward. Your risk management skills will guide you.
You must have been very lucky given your reckless attitude to risk. You're in a superb financial and employment position. You are probably still working because you love what you do or because you are being compensated well. You should make a business out of what you do and sell your services at a higher rate. You could also use your financial security to start‑, invest in‑, buy‑ or work your way into ‑risky business ventures. This will give you the opportunity to grow a vastly bigger nest egg. Alternatively, you could invest in budding entrepreneurs. You have the passion, time and finances to make differences in other people’s lives. This will, in turn, make your life more fulfilled.
You're in a pretty good space financially. With a relatively secure job and having kept your financial needs down your risk avoidance is paying off. But you could be doing so much better. Starting‑, investing in‑, buying‑ or working your way into ‑a stable business with the opportunity for growth could mean that you can make some of your wilder dreams come true without increasing your risk profile dramatically.
Your risk management skills have put you in a position where you live comfortably within your means. This is a very safe solution, but you run the risk of not fulfilling your financial potential. Consider starting‑, investing in‑, buying‑ or working your way into ‑a business with medium‑ to high ‑risk. With greater risk comes the potential for greater reward. Your risk management skills will guide you.
You seem to be managing your risk by keeping your expenses modest. This measured approach will serve you well in business. You could try to start‑, invest in‑, buy‑ or work your way into ‑a business with medium‑ to high ‑risk. If you see a way to save a struggling company, this may be a good fit for your risk management skills and self‑confidence.
You're reckless approach to risk seems to be tempered by a sensible approach to finances. Most of your entrepreneurial efforts are likely to fail because you don't think them through and you dive in head first. The one that doesn't fail will make you an "overnight success" and a household name. Make many attempts at starting businesses but be careful how much you invest in them and how many people you drag along. Once you've hit on the right idea bring in people to steady the ship and run it for you while you work on your next idea.
You're in a pretty good space financially. With a relatively secure job and living well within your means, your risk avoidance is paying off. But you could be doing so much better. Starting‑, investing in‑, buying‑ or working your way into ‑a stable business with the opportunity for growth could mean that you can make some of your wilder dreams come true or that you can improve your risk profile by diversifying your alternative incomes.
Your risk management skills have put you in a position where you live comfortably within your means. This is a very safe solution, but you run the risk of not fulfilling your financial potential or needing to eat into your savings should your employment become less secure. Consider starting‑, investing in‑, buying‑ or working your way into ‑a business with low‑ to medium ‑risk. With greater risk comes the potential for greater reward. Your risk management skills will guide you.
Your self‑confidence in the face of risk is probably keeping your grounded even through you are fairly reliant on your job. You should consider diversifying your income streams and getting your debts down. You could do this by starting‑, investing in‑, buying‑ or working your way into ‑a business with low‑ to medium ‑levels of risk. Your risk management skills will guide you.
Your over‑confidence in the face of risk is probably keeping your sane even through you are actually very reliant on your job. You should consider diversifying your income streams and getting your debts down. You could do this by starting‑, investing in‑, buying‑ or working your way into ‑a business with low‑ to medium ‑levels of risk. Be careful that you are not being too reckless though. You probably have a tendency to dive in without thinking the risks through entirely.
You're probably in the same boat financially as the majority of salary earners. Living from month to month in the hope that you don't lose your income. Your risk avoidance should mean that you're an avid saver but that doesn't seem to be happening for you. You need to work on getting your debts down and savings up. This could be done by starting‑, investing in‑, buying‑ or working your way into ‑a stable and predictably successful company to improve your income.
Your risk profile is probably putting you slightly on edge about your financial situation. You are highly reliant on your job. You should consider diversifying your income streams and getting your debts down. You could do this by starting‑, investing in‑, buying‑ or working your way into ‑a business with low‑ to medium ‑levels of risk. Your risk management skills will guide you.
Your self‑confidence in the face of risk is probably keeping your grounded even through you are very reliant on your job. You should consider diversifying your income streams and getting your debts down. You could do this by starting‑, investing in‑, buying‑ or working your way into ‑a business with low levels of risk. Your risk management skills will guide you.
Your over‑confidence in the face of risk is probably keeping your sane even through you are actually very reliant on your job. You should consider getting your debts down and securing your employment before you start‑, invest in‑, buy‑ or work your way into ‑a business with low levels of risk. This will go against your appetite for risk but you shouldn't put yourself and your dependants under more financial pressure just yet.
You're in a superb financial‑ and employment ‑position. You are probably still working because you love what you do. You're in the ideal position to make what you do a business and to sell your services at a higher rate. This will give you the opportunity to grow a bigger nest egg. Alternatively, you could start‑, invest in‑ or buy ‑a business that has more altruistic‑ or social ‑goals. You have the passion, time and finances to make differences in other people’s lives. This will, in turn, make your life more fulfilled.
You're in a superb financial‑ and employment ‑position. You are probably still working because you love what you do. You're in the ideal position to make what you do a business and to sell your services at a higher rate. You could also use your risk management skills to start‑, invest in‑, buy‑ or work your way into ‑a moderately risky business venture. This will give you the opportunity to grow a bigger nest egg. Alternatively, you could invest in a business that has more altruistic‑ or social ‑goals. You have the passion, time and finances to make differences in other people’s lives. This will, in turn, make your life more fulfilled.
Your risks and confidence have paid off and you're in a superb financial‑ and employment ‑position. You are probably still working because you love what you do. You're in the ideal position to make what you do a business and to sell your services at a higher rate. You could also use your risk management skills to start‑, invest in‑, buy‑ or work your way into ‑a moderately risky business venture. This will give you the opportunity to grow a bigger nest egg. Alternatively, you could invest in a business that has more altruistic‑ or social ‑goals. You have the passion, time and finances to make differences in other people’s lives. This will, in turn, make your life more fulfilled.
You must have been very lucky given your reckless attitude to risk. You're in a superb financial‑ and employment ‑position. You are probably still working because you love what you do or because you are being compensated well. You should make a business out of what you do and sell your services at a higher rate. You could also use your financial security to start‑, invest in‑, buy‑ or work your way into ‑a risky business venture. This will give you the opportunity to grow a vastly bigger nest egg. Alternatively, you could invest in budding entrepreneurs. You have the passion, time and finances to make differences in other people’s lives. This will, in turn, make your life more fulfilled.
Your humble financial needs and risk avoidance have landed you in a comfortable position. You're probably working on your nest egg for retirement. You're in the ideal position to turbo‑charge the growth of your nest egg by making a business of your current job and selling your services at a higher rate. Alternatively, you could start‑, invest in‑ or buy ‑a business that has more altruistic‑ or social ‑goals. You have the passion, time and finances to make differences in other people’s lives. This will, in turn, make your life more fulfilled.
Your humble financial needs and risk management have landed you in a comfortable position. You're probably working on your nest egg for retirement. You're in the ideal position to turbo‑charge the growth of your nest egg by making a business of your current job and selling your services at a higher rate. Alternatively, you could start‑, invest in‑ or buy ‑a business that has more altruistic‑ or social ‑goals. You have the passion, time and finances to make differences in other people’s lives. This will, in turn, make your life more fulfilled.
You seem to have been playing it very safe. You have job security and you are keeping your expenses modest. Be careful that you don't get too comfortable here. You could be achieving so much more if you use your risk management‑ and financial ‑skills prudently. You could try to start‑, invest in‑, buy‑ or work your way into ‑a business with medium‑ to high ‑risk. If you see a way to save a struggling company, this may be a good fit for your risk management skills and self‑confidence.
For someone with a reckless approach to risk, you seem to have found yourself in a riskless job situation and have kept your expensive relatively modest. Chances are you'll get bored in your job. You're in the ideal position to make a business of your current job and sell your services at a higher rate. Alternatively you could attempt new entrepreneurial efforts. Most of them are likely to fail because you don't think them through and you dive in head first. The one that doesn't fail will make you an "overnight success" and a household name. Make many attempts at starting businesses but be careful how much you invest in them and how many people you drag along. Once you've hit on the right idea bring in people to steady the ship and run it for you while you work on your next idea.
Your risk avoidance and financial management have landed you in a relatively comfortable position. You're probably working on your nest egg for retirement but your stable employment means you're unlikely to dip into that just to survive. You're in the ideal position to make a business of your current job and sell your services at a higher rate. Alternatively, you could start‑, invest in‑ or buy ‑a business that has more altruistic‑ or social ‑goals. You have the passion, time and finances to make differences in other people’s lives. This will, in turn, make your life more fulfilled.
Your risk‑ and financial ‑management have landed you in a relatively comfortable position. You're probably working on your nest egg for retirement but your stable employment means you're unlikely to dip into that just to survive. You're in the ideal position to make a business of your current job and sell your services at a higher rate. Alternatively, you could start‑, invest in‑ or buy ‑a business that has more altruistic‑ or social ‑goals. You have the passion, time and finances to make differences in other people’s lives. This will, in turn, make your life more fulfilled.
Your risk‑ and financial ‑management have landed you in a relatively comfortable position. You're probably working on your nest egg for retirement but your stable employment means you're unlikely to dip into that just to survive. You're in the ideal position to make a business of your current job and sell your services at a higher rate. Alternatively, you could start‑, invest in‑ or buy ‑a business with medium‑ to high ‑risk levels. You have the skills, time and finances to help other entrepreneurs. This will, in turn, make your life more fulfilled.
For someone with a reckless approach to risk, you seem to have found yourself in a riskless job situation. Chances are you'll get bored in your job. You're in the ideal position to turbo‑charge the growth of your nest egg by making a business of your current job and selling your services at a higher rate. Alternatively you could attempt new entrepreneurial efforts. Most of them are likely to fail because you don't think them through and you dive in head first. The one that doesn't fail will make you an "overnight success" and a household name. Make many attempts at starting businesses but be careful how much you invest in them and how many people you drag along. Once you've hit on the right idea bring in people to steady the ship and run it for you while you work on your next idea.
For someone who avoids risk, your financial dependence on your job must be causing considerable stress. You should be working on creating a nest egg or saving for your retirement. You're in the ideal position to make a business of your current job and sell your services at a higher rate. Alternatively, you could start‑, invest in‑ or buy ‑a business that has more altruistic‑ or social ‑goals. You have the passion, time and finances to make differences in other people’s lives. This will, in turn, make your life more fulfilled.
For someone who manages risk, your financial dependence on your job must be causing you some stress. You should be working on creating a nest egg or saving for your retirement. You're in the ideal position to make a business of your current job and sell your services at a higher rate. Alternatively, you could start‑, invest in‑ or buy ‑a business that won't require much of your time. To properly mitigate the risk of dependence on a salary, you should be diversifying your income streams.
Your risk‑ and financial ‑management have landed you in a relatively comfortable position but you still seem to be surviving from month‑to‑month. You should be working on becoming financially independent. You're in the ideal position to make a business of your current job and sell your services at a higher rate. Alternatively, you could start‑, invest in‑ or buy ‑a business with medium‑ to high ‑risk levels. Alternatively, you have the skills, time and finances to help other entrepreneurs. This will, in turn, make your life more fulfilled.
For someone with a reckless approach to risk, you seem to have found yourself in a riskless job situation though you're compensating by living month‑to‑month financially. You should consider diversifying your income streams and getting your debts down. Chances are you'll also get bored in your job. You're in the ideal position to secure your financial position by making a business of your current job and selling your services at a higher rate. Alternatively you could attempt new entrepreneurial efforts. Most of them are likely to fail because you don't think them through and you dive in head first. The one that doesn't fail will make you an "overnight success" and a household name. Make many attempts at starting businesses but be careful how much you invest in them and how many people you drag along. Once you've hit on the right idea bring in people to steady the ship and run it for you while you work on your next idea.
Based on your risk profile and financial situation you would be an ideal candidate to be an entrepreneur.
A good start but this isn't all an entrepreneur needs. Lets have a look at some other factors.
Based on your risk profile and financial situation you would be a fair candidate to be an entrepreneur.
A reasonable start but this isn't all an entrepreneur needs. Lets have a look at some other factors.
Based on your risk profile and financial situation you would be a marginal candidate to be an entrepreneur.
You have some work to do but lets have a look at some other factors too.
Based on your risk profile and financial situation you would currently not be a good candidate to be an entrepreneur.
But don't despair. There are many other factors that make up an entrepreneur. Lets have a look at those.
Recommended Business Risk Level: Low
Level of risk in a business is essentially the probability that a actual return on investment is less than an expected return. It depends on external factors (e.g. industry, economy, competition, political) that one has little‑ or no ‑control over and internal factors (e.g. operations, access to finance, financial and business acumen) that one has some control over. Thus, a business in one persons hands might be less risky than if it is in another persons hands.
-A low level of risk implies that the business is in a stable industry with predictable returns. These returns are likely to be low in comparison to the initial investment.
Recommended Business Risk Level: Low to Medium
Level of risk in a business is essentially the probability that a actual return on investment is less than an expected return. It depends on external factors (e.g. industry, economy, competition, political) that one has little‑ or no ‑control over and internal factors (e.g. operations, access to finance, financial and business acumen) that one has some control over. Thus, a business in one persons hands might be less risky than if it is in another persons hands.
-A low level of risk implies that the business is in a stable industry with predictable returns. These returns are likely to be low in comparison to the initial investment.
-A medium level of risk implies that the business is in a stable industry with relatively predictable returns but that there are some unknown factors (e.g. innovative competition). These returns are likely to be higher than low risk businesses when comparison to the initial investment but are less certain.
Recommended Business Risk Level: Medium to High
Level of risk in a business is essentially the probability that a actual return on investment is less than an expected return. It depends on external factors (e.g. industry, economy, competition, political) that one has little‑ or no ‑control over and internal factors (e.g. operations, access to finance, financial and business acumen) that one has some control over. Thus, a business in one persons hands might be less risky than if it is in another persons hands.
-A medium level of risk implies that the business is in a stable industry with relatively predictable returns but that there are some unknown factors (e.g. innovative competition). These returns are likely to be higher than low risk businesses when comparison to the initial investment.
-A high level of risk implies a innovative or new industry with unproven results and demands. The returns from a business in this risk bracket are expected to be high in comparison to the initial investment but they are very uncertain.
Recommended Business Risk Level: Low, Medium or High
Level of risk in a business is essentially the probability that a actual return on investment is less than an expected return. It depends on external factors (e.g. industry, economy, competition, political) that one has little‑ or no ‑control over and internal factors (e.g. operations, access to finance, financial and business acumen) that one has some control over. Thus, a business in one persons hands might be less risky than if it is in another persons hands.
-A low level of risk implies that the business is in a stable industry with predictable returns. These returns are likely to be low in comparison to the initial investment.
-A medium level of risk implies that the business is in a stable industry with relatively predictable returns but that there are some unknown factors (e.g. innovative competition). These returns are likely to be higher than low risk businesses when comparison to the initial investment but are less certain.
-A high level of risk implies a innovative or new industry with unproven results and demands. The returns from a business in this risk bracket are expected to be high in comparison to the initial investment but they are very uncertain.
You're in a strong financial position to be an altruistic‑ or social ‑entrepreneur. Let's investigate further...
Let's find out a bit more about you to see what kind of entrepreneur you could be based on your character...
Extra Question
How do you feel about helping other people through your entrepreneurial efforts?
Be honest. Remember, this assessment is based on pre‑set answers and responses. No‑one will judge you.
Ok. Based on that answer we'll revise our previous comment to...
You lucky fish. Making enough money to retire without taking any risks means the universe has smiled on you. You'd like to focus on building your own wealth. You could start‑, invest in‑ or buy ‑a business that has low‑ to medium ‑risk levels. You have the passion, time and finances to build a successful business and improve your standard of living.
You lucky fish. Making enough money to retire without taking any risks means the universe has smiled on you. You'd like to focus on building your own wealth. You could start‑, invest in‑ or buy ‑a business that has low‑ to medium ‑risk levels. You have the passion, time and finances to build a successful business and improve your standard of living. You'll also find some fulfilment in providing for your employees and customers.
You lucky fish. Making enough money to retire without taking any risks means the universe has smiled on you. And we know you want to give some of that back. You could start‑, invest in‑ or buy ‑a business that has more altruistic‑ or social ‑goals and has low‑ to medium ‑risk levels. You have the passion, time and finances to make differences in other people’s lives. This will, in turn, make your life more fulfilled.
You probably chose not to be employed or you're retired. Your analytical approach to dealing with risk has probably served you well in setting you up for retirement. The free time you have and your risk approach make you an ideal investor to prospective business owners with business ideas at any risk level. You could also use your skills and financial support to help struggling businesses improve their bottom line or you could take successful ones to even greater heights.
You probably chose not to be employed or you're retired. Your analytical approach to dealing with risk has probably served you well in setting you up for retirement. The free time you have and your risk approach make you an ideal investor to prospective business owners with business ideas at any risk level. You could also use your skills and financial support to help struggling businesses improve their bottom line or you could take successful ones to even greater heights. You'll also find some fulfilment in providing for your employees and customers.
You probably chose not to be employed or you're retired. Your analytical approach to dealing with risk has probably served you well in setting you up for retirement. The free time you have‑, your risk approach‑ as well as your intentions to help people ‑make you an ideal investor and/or mentor to prospective business owners with business ideas at any risk level. You could also use your skills and financial support to help struggling businesses improve their bottom line or you could take successful ones to even greater heights.
It sounds like you made some good choices in life and have managed to secure your financial future through risk management and belief in yourself and your capabilities. You are now in the ideal position to start‑, invest in‑ or buy ‑a business with any level of risk. The higher you level of self‑belief, the more risky the investment you could go into. After all, you only grow when you challenge yourself.
It sounds like you made some good choices in life and have managed to secure your financial future through risk management and belief in yourself and your capabilities. You are now in the ideal position to start‑, invest in‑ or buy ‑a business with any level of risk. The higher you level of self‑belief, the more risky the investment you could go into. After all, you only grow when you challenge yourself. You'll also find some fulfilment in providing for your employees and customers.
It sounds like you made some good choices in life and have managed to secure your financial future through risk management and belief in yourself and your capabilities. You are now in the ideal position to support others with your skills and knowledge by starting‑, investing in‑ or buying ‑a business with more altruistic‑ or social ‑goals and with any risk level. The higher you level of self‑belief, the more risky the investment you could go into. After all, you only grow when you challenge yourself.
You lucky fish. Making enough money to retire without taking any risks means the universe has smiled on you. You are probably still working because you love what you do. You could use your passion and start‑, invest in‑, buy‑ or work your way into ‑a business at low‑ to medium ‑risk levels given your risk appetite. You have the passion, time and finances to achieve success in business which will, in turn, make your life more fulfilled.
You lucky fish. Making enough money to retire without taking any risks means the universe has smiled on you. You are probably still working because you love what you do. You could use your passion and start‑, invest in‑, buy‑ or work your way into ‑a business at low‑ to medium ‑risk levels given your risk appetite. You have the passion, time and finances to achieve success in business. This‑ and the value you'll be adding to employees and customers lives ‑will, in turn, make your life more fulfilled.
You lucky fish. Making enough money to retire without taking any risks means the universe has smiled on you. You are probably still working because you love what you do. And we know you want to give some of that back. You could use your passion and start‑, invest in‑, buy‑ or work your way into ‑a business that has more altruistic‑ or social ‑goals. You have the passion, time and finances to make differences in other people’s lives. This will, in turn, make your life more fulfilled.
It sounds like you're working because you enjoy your job. Your risk management seems to have afforded you a comfortable space in life. You're probably scared of getting bored during your retirement. Starting‑, investing in‑ or buying ‑a business may be the next challenge in your life. Your risk management skills will come in handy and you have the chance to improve your lifestyle at little‑ or no ‑risk to your retirement. You have the passion, time and finances to achieve success in business which will, in turn, make your life more fulfilled.
It sounds like you're working because you enjoy your job. Your risk management seems to have afforded you a comfortable space in life. You're probably scared of getting bored during your retirement. Starting‑, investing in‑ or buying ‑a business may be the next challenge in your life. Your risk management skills will come in handy and you have the chance to improve your lifestyle at little‑ or no ‑risk to your retirement. You have the passion, time and finances to achieve success in business. This‑ and the value you'll be adding to employees and customers lives ‑will, in turn, make your life more fulfilled.
It sounds like you're working because you enjoy your job. Your risk management seems to have afforded you a comfortable space in life. You're probably scared of getting bored during your retirement. You could invest in a business that has more altruistic‑ or social ‑goals. You have the passion, time and finances to make differences in other people’s lives. This will, in turn, make your life more fulfilled. Your risk management skills will come in handy and you have the chance to improve your lifestyle at little‑ or no ‑risk to your retirement.
You're in a good position not to feel worried about the risk of losing your employment. Your confidence and risk management skills have obviously paid off. You're probably working because you enjoy your job. You're in the ideal position to make what you do a business and to sell your services at a higher rate. You could also use your risk management skills to start‑, invest in‑, buy‑ or work your way into ‑a moderately risky business venture. This will give you the opportunity to grow a bigger nest egg. You have the passion, time and finances to achieve success in business which will, in turn, make your life more fulfilled.
You're in a good position not to feel worried about the risk of losing your employment. Your confidence and risk management skills have obviously paid off. You're probably working because you enjoy your job. You're in the ideal position to make what you do a business and to sell your services at a higher rate. You could also use your risk management skills to start‑, invest in‑, buy‑ or work your way into ‑a moderately risky business venture. This will give you the opportunity to grow a bigger nest egg. You have the passion, time and finances to achieve success in business. This‑ and the value you'll be adding to employees and customers lives ‑will, in turn, make your life more fulfilled.
You're in a good position not to feel worried about the risk of losing your employment. Your confidence and risk management skills have obviously paid off. You're probably working because you enjoy your job. You're in the ideal position to make what you do a business and to sell your services at a higher rate. You could also use your risk management skills to start‑, invest in‑, buy‑ or work your way into ‑a moderately risky business venture. Given your wish to save the world though, you would probably rather invest in a business that has more altruistic‑ or social ‑goals. You have the passion, time and finances to make differences in other people’s lives. This will, in turn, make your life more fulfilled.
You lucky fish. Making enough money to retire without taking any risks means the universe has smiled on you. You are probably still working because you love what you do or you're trying to improve your lifestyle. You could use your passion and start‑, invest in‑, buy‑ or work your way into ‑a business with low‑ to medium ‑levels of risk given your risk profile. You have the passion, time and finances to achieve success in business which will, in turn, make your life more fulfilled.
You lucky fish. Making enough money to retire without taking any risks means the universe has smiled on you. You are probably still working because you love what you do or you're trying to improve your lifestyle. You could use your passion and start‑, invest in‑, buy‑ or work your way into ‑a business with low‑ to medium ‑levels of risk given your risk profile. You have the passion, time and finances to achieve success in business. This‑ and the value you'll be adding to employees and customers lives ‑will, in turn, make your life more fulfilled.
You lucky fish. Making enough money to retire without taking any risks means the universe has smiled on you. You are probably still working because you love what you do or you're trying to improve your lifestyle. You could use your passion and start‑, invest in‑, buy‑ or work your way into ‑a business that has more altruistic‑ or social ‑goals while bolstering your bottom line. You also have the passion, time and finances to make differences in other people’s lives which will, in turn, make your life more fulfilled.
Your risk management seems to have afforded you a rather comfortable financial position. You're probably working because you enjoy what you do. You could use your passion, knowledge and skills to start‑, invest in‑, buy‑ or work your way into ‑a business with medium levels of risk given your risk profile. Alternatively, you could use your financial freedom to invest in a more risky business. With greater risk comes the opportunity for greater reward. Your risk management skills will guide you.
Your risk management seems to have afforded you a rather comfortable financial position. You're probably working because you enjoy what you do. You could use your passion, knowledge and skills to start‑, invest in‑, buy‑ or work your way into ‑a business with medium levels of risk given your risk profile. Alternatively, you could use your financial freedom to invest in a more risky business. With greater risk comes the opportunity for greater reward. Your risk management skills will guide you. You'll also find some fulfilment in providing for your employees and customers.
Your risk management seems to have afforded you a rather comfortable financial position. You're probably working because you enjoy what you do. You could use your passion, knowledge and skills to start‑, invest in‑, buy‑ or work your way into ‑a business that has more altruistic‑ or social ‑goals. This could make a difference in other people’s lives which will, in turn, make your life more fulfilled.
Your confidence in yourself when it comes to dealing with risk seems to have afforded you a rather comfortable financial position. You're probably working because you enjoy what you do. You could use your passion, knowledge and skills to start‑, invest in‑, buy‑ or work your way into ‑a business with medium levels of risk given your risk profile. Alternatively, you could use your financial freedom to invest in a more risky business. With greater risk comes the opportunity for greater reward. Your risk management skills will guide you.
Your confidence in yourself when it comes to dealing with risk seems to have afforded you a rather comfortable financial position. You're probably working because you enjoy what you do. You could use your passion, knowledge and skills to start‑, invest in‑, buy‑ or work your way into ‑a business with medium levels of risk given your risk profile. Alternatively, you could use your financial freedom to invest in a more risky business. With greater risk comes the opportunity for greater reward. Your risk management skills will guide you. You'll also find some fulfilment in providing for your employees and customers.
Your confidence in yourself when it comes to dealing with risk seems to have afforded you a rather comfortable financial position. You're probably working because you enjoy what you do. You could use your passion, knowledge and skills to start‑, invest in‑, buy‑ or work your way into ‑a business that has more altruistic‑ or social ‑goals. This could make a difference in other people’s lives which will, in turn, make your life more fulfilled.
You're in a superb financial‑ and employment ‑position. You are probably still working because you love what you do. You're in the ideal position to make what you do a business and to sell your services at a higher rate. This will give you the opportunity to grow a bigger nest egg. You have the passion, time and finances to achieve success in business which will, in turn, make your life more fulfilled.
You're in a superb financial‑ and employment ‑position. You are probably still working because you love what you do. You're in the ideal position to make what you do a business and to sell your services at a higher rate. This will give you the opportunity to grow a bigger nest egg. You have the passion, time and finances to achieve success in business. This‑ and the value you'll be adding to employees and customers lives ‑will, in turn, make your life more fulfilled.
You're in a superb financial‑ and employment ‑position. You are probably still working because you love what you do. You're in the ideal position to start‑, invest in‑ or buy ‑a business that has more altruistic‑ or social ‑goals. You have the passion, time and finances to make differences in other people’s lives. This will, in turn, make your life more fulfilled.
You're in a superb financial‑ and employment ‑position. You are probably still working because you love what you do. You're in the ideal position to make what you do a business and to sell your services at a higher rate. You could also use your risk management skills to start‑, invest in‑, buy‑ or work your way into ‑a moderately risky business venture. This will give you the opportunity to grow a bigger nest egg. You have the passion, time and finances to achieve success in business. This will, in turn, make your life more fulfilled.
You're in a superb financial‑ and employment ‑position. You are probably still working because you love what you do. You're in the ideal position to make what you do a business and to sell your services at a higher rate. You could also use your risk management skills to start‑, invest in‑, buy‑ or work your way into ‑a moderately risky business venture. This will give you the opportunity to grow a bigger nest egg. You have the passion, time and finances to achieve success in business. This‑ and the value you'll be adding to employees and customers lives ‑will, in turn, make your life more fulfilled.
You're in a superb financial‑ and employment ‑position. You are probably still working because you love what you do. You're in the ideal position to invest in a business that has more altruistic‑ or social ‑goals. You have the passion, time and finances to make differences in other people’s lives. This will, in turn, make your life more fulfilled.
Your risks and confidence have paid off and you're in a superb financial‑ and employment ‑position. You are probably still working because you love what you do. You're in the ideal position to make what you do a business and to sell your services at a higher rate. You could also use your risk management skills to start‑, invest in‑, buy‑ or work your way into ‑a moderately risky business venture. This will give you the opportunity to grow a bigger nest egg. You have the passion, time and finances to achieve success in business. This will, in turn, make your life more fulfilled.
Your risks and confidence have paid off and you're in a superb financial‑ and employment ‑position. You are probably still working because you love what you do. You're in the ideal position to make what you do a business and to sell your services at a higher rate. You could also use your risk management skills to start‑, invest in‑, buy‑ or work your way into ‑a moderately risky business venture. This will give you the opportunity to grow a bigger nest egg. You have the passion, time and finances to achieve success in business. This‑ and the value you'll be adding to employees and customers lives ‑will, in turn, make your life more fulfilled.
Your risks and confidence have paid off and you're in a superb financial‑ and employment ‑position. You are probably still working because you love what you do. You're in the ideal position to invest in a business that has more altruistic‑ or social ‑goals. You have the passion, time and finances to make differences in other people’s lives. This will, in turn, make your life more fulfilled.
Your humble financial needs and risk avoidance have landed you in a comfortable position. You're probably working on your nest egg for retirement. You're in the ideal position to turbo‑charge the growth of your nest egg by making a business of your current job and selling your services at a higher rate. You have the passion, time and finances to achieve success in business. This will, in turn, make your life more fulfilled.
Your humble financial needs and risk avoidance have landed you in a comfortable position. You're probably working on your nest egg for retirement. You're in the ideal position to turbo‑charge the growth of your nest egg by making a business of your current job and selling your services at a higher rate. You have the passion, time and finances to achieve success in business. This‑ and the value you'll be adding to employees and customers lives ‑will, in turn, make your life more fulfilled.
Your humble financial needs and risk avoidance have landed you in a comfortable position. You're probably working on your nest egg for retirement. You're also in the ideal position start‑, invest in‑ or buy ‑a business that has more altruistic‑ or social ‑goals. You have the passion, time and finances to make differences in other people’s lives. This will, in turn, make your life more fulfilled.
Your humble financial needs and risk management have landed you in a comfortable position. You're probably working on your nest egg for retirement. You're in the ideal position to turbo‑charge the growth of your nest egg by making a business of your current job and selling your services at a higher rate. You have the passion, time and finances to achieve success in business. This will, in turn, make your life more fulfilled.
Your humble financial needs and risk management have landed you in a comfortable position. You're probably working on your nest egg for retirement. You're in the ideal position to turbo‑charge the growth of your nest egg by making a business of your current job and selling your services at a higher rate. You have the passion, time and finances to achieve success in business. This‑ and the value you'll be adding to employees and customers lives ‑will, in turn, make your life more fulfilled.
Your humble financial needs and risk management have landed you in a comfortable position. You're probably working on your nest egg for retirement. You're also in the ideal position start‑, invest in‑ or buy ‑a business that has more altruistic‑ or social ‑goals. You have the passion, time and finances to make differences in other people’s lives. This will, in turn, make your life more fulfilled.
Your risk avoidance and financial management have landed you in a relatively comfortable position. You're probably working on your nest egg for retirement but your stable employment means you're unlikely to dip into that just to survive. You're in the ideal position to make a business of your current job and sell your services at a higher rate. You have the passion, time and finances to achieve success in business. This will, in turn, make your life more fulfilled.
Your risk avoidance and financial management have landed you in a relatively comfortable position. You're probably working on your nest egg for retirement but your stable employment means you're unlikely to dip into that just to survive. You're in the ideal position to make a business of your current job and sell your services at a higher rate. You have the passion, time and finances to achieve success in business. This‑ and the value you'll be adding to employees and customers lives ‑will, in turn, make your life more fulfilled.
Your risk avoidance and financial management have landed you in a relatively comfortable position. You're probably working on your nest egg for retirement but your stable employment means you're unlikely to dip into that just to survive. You're also in the ideal position to start‑, invest in‑ or buy ‑a business that has more altruistic‑ or social ‑goals. You have the passion, time and finances to make differences in other people’s lives. This will, in turn, make your life more fulfilled.
Your risk‑ and financial ‑management have landed you in a relatively comfortable position. You're probably working on your nest egg for retirement but your stable employment means you're unlikely to dip into that just to survive. You're in the ideal position to make a business of your current job and sell your services at a higher rate. You have the passion, time and finances to achieve success in business. This will, in turn, make your life more fulfilled.
Your risk‑ and financial ‑management have landed you in a relatively comfortable position. You're probably working on your nest egg for retirement but your stable employment means you're unlikely to dip into that just to survive. You're in the ideal position to make a business of your current job and sell your services at a higher rate. You have the passion, time and finances to achieve success in business. This‑ and the value you'll be adding to employees and customers lives ‑will, in turn, make your life more fulfilled.
Your risk‑ and financial ‑management have landed you in a relatively comfortable position. You're probably working on your nest egg for retirement but your stable employment means you're unlikely to dip into that just to survive. You're also in the ideal position to start‑, invest in‑ or buy ‑a business that has more altruistic‑ or social ‑goals. You have the passion, time and finances to make differences in other people’s lives. This will, in turn, make your life more fulfilled.
For someone who avoids risk, your financial dependence on your job must be causing considerable stress. You should be working on creating a nest egg or saving for your retirement. You're in the ideal position to make a business of your current job and sell your services at a higher rate. You have the passion, time and finances to achieve success in business. This will, in turn, make your life more fulfilled.
For someone who avoids risk, your financial dependence on your job must be causing considerable stress. You should be working on creating a nest egg or saving for your retirement. You're in the ideal position to make a business of your current job and sell your services at a higher rate. You have the passion, time and finances to achieve success in business. This‑ and the value you'll be adding to employees and customers lives ‑will, in turn, make your life more fulfilled.
For someone who avoids risk, your financial dependence on your job must be causing considerable stress. You should be working on creating a nest egg or saving for your retirement. You're also in the ideal position to start‑, invest in‑ or buy ‑a business that has more altruistic‑ or social ‑goals. You have the passion, time and finances to make differences in other people’s lives. This will, in turn, make your life more fulfilled.
Let's find out a bit more about you to see what kind of entrepreneur you could be based on your character...
Question 4 of 13
I am...
Being introverted, the following section may be less applicable to you but it is still worth exploring.
Ok. So you're likely to be working with people. We'll need to find out a bit more about your...
Question 5 of 13
Leadership Styles:
Being an entrepreneur relies on being able to manage employees and clients. To do this effectively in a small- to medium -sized company that relies on a single manager, you'll need to have a good understanding‑, balance‑ and knowledge of when to use ‑of each of the following leadership styles.
Please select your skill level for each of the leadership styles below.
Understanding, Balance and Knowledge on... |
Non-existent |
Workable |
Expert |
|
Democratic Leadership: "How are WE going to progress?" |
|
|
|
|
Pacesetting Leadership: "Follow my lead" |
|
|
|
|
Authoritative Leadership: "Once more unto the breach!" |
|
|
|
|
Affiliative Leadership: "Good job!" |
|
|
|
|
Coaching Leadership: "How can we do this better?" |
|
|
|
|
Coersive Leadership: "JUST DO WHAT I TELL YOU TO!" |
|
|
|
Interesting.
Question 6 of 13
How do you deal with conflict?
Ok. And lastly.
Question 7 of 13
How do you feel about your failures and successes?
So, based on the questions related to your character we can say that...
Introversion vs. Extroversion
Being an extreme introvert does not automatically preclude you from being an entrepreneur. In fact, depending on the industry you choose it may even be helpful. As an example, extroverts are unlikely to be able to muster the focus required in highly technical industries like IT or engineering.
What being an introvert stops you from doing though is working comfortably in groups or teams. Introverts tend to do their best work when they are left alone and in a quiet environment. They get distracted when there are other people around and find interaction with them less useful.
Another important function of entrepreneurship is dealing with clients and procuring work. You will need to overcome your introversion to a certain extent to work in these functions for your business. Luckily, introversion can be overcome by consistent practice or by compensating by offering specialist services that cannot be procured easily elsewhere.
This means, you're more likely to be successful in a business where you're the sole (or one of very few) workforces and have specialised services to offer. Consider freelancing based on your skill set.
Being a high‑functioning introvert is probably the best case for an entrepreneur. It means that you've worked at overcoming introversion and that you are more comfortable with the more "extroverted" functions of business like sales and marketing. It also means that you are likely to have the "introverted" focus required for the technical‑ and financial ‑functions. In addition you are likely to have the emotional balance to know how to treat clients and employees to get the best out of them.
Your success in business will be determined (in part) by the balance between your "introvert" and "extrovert" character traits and how appropriately you deploy them. Some industries are more focussed on introverted traits (e.g. engineering) while others lean more towards extroverted characters (e.g. advertising). You will not be limited to either of these and your balance between these character traits means that you are more likely to be a good partner and/or employer.
You might think that being an extrovert is an advantage in business. In truth, there are many business functions that require you to interact with clients and employees (e.g. marketing, sales, teamwork and human resources management), where your approachable and bubbly personality can help.
Being in business requires a balance of character and being expressly extroverted might mean that you lack the focus to deal with technical‑ and financial ‑issues that might arise. You must also be aware of the impact an extrovert can have on a working group of introverts (potentially your partners or employees). Your methods of "thinking out loud" and collaborating are very likely to disrupt their thinking processes and would make them less effective.
You would definitely struggle in a business where you are the sole (or one of few) workforces. A quiet environment will stifle your creativity and leave you bored quickly. You could consider a business where the focus is sales (especially face‑to‑face) or marketing. If you do end up in business with introverts, be acutely aware of their needs for personal space to bring out the best in them. In fact, if you spare them from the people‑centric business functions you would make a formidable team.
Based on your introversion vs. your extroversion you would be an ideal candidate to be an entrepreneur.
Based on your introversion vs. your extroversion you would be a fair candidate to be an entrepreneur.
Leadership Style
When you work in a large corporate environment, you can get away with being proficient in limited leadership styles. When you become an entrepreneur, you won't be able to depend on other people to fill leadership style gaps. Thus, leadership for entrepreneurs is about good understanding‑, balance‑ and knowledge of when to use ‑of each of the leadership styles.
Leadership styles can be learnt or developed with practice, but as an introvert, you'll be very unlikely to put yourself in a position where you can (let alone experiment with differing approaches to leadership). If you intend to run a company with more than a handful employees and your leadership styles need improving, you will have to work very hard to overcome this.
When you work in a large corporate environment, you can get away with being proficient in limited leadership styles. When you become an entrepreneur, you won't be able to depend on other people to fill leadership style gaps. Thus, leadership for entrepreneurs is about good understanding‑, balance‑ and knowledge of when to use ‑of each of the leadership styles.
Leadership styles can be learnt or developed with practice and as a high-functioning introvert, you'll have experience putting yourself into uncomfortable social situations for the sake of improving your skills. You may even have amended your leadership style depending on the situation in the hope of better results.
When you work in a large corporate environment, you can get away with being proficient in limited leadership styles. When you become an entrepreneur, you won't be able to depend on other people to fill leadership style gaps. Thus, leadership for entrepreneurs is about good understanding‑, balance‑ and knowledge of when to use ‑of each of the leadership styles.
Leadership styles can be learnt or developed with practice and as an extrovert, you'll have experience learning from lots of social interactions.
From your answers to the "Leadership Style" questions it seems you have no experience in leading at all! If you are going to be in a position where you will need to lead people (and as an entrepreneur in a growing company the chances of that are relatively good), you will have to work on firstly improving all your leadership styles to "workable levels" and then start working on moving them to "expert level". There is only one way to improve leadership styles, and that is to practice. To do that, you will have to put yourself in multiple positions where you can apply different leadership styles and where you can analyse the results of your efforts. Alternatively, you'll need to consider bringing in a partner/manager to compensate for your leadership skills. This partner/manager will need to be very understanding and accommodating for you to have a chance to be listened to.
This is the skill level you ascribed to your leadership styles:
From your answers to the "Leadership Style" questions it seems you have very little experience in leading and it is quite one-sided. If you are going to be in a position where you will need to lead people (and as an entrepreneur in a growing company the chances of that are relatively good), you will have to work on firstly improving all your leadership styles to "workable levels" and then start working on moving them to "expert level". There is only one way to improve leadership styles, and that is to practice. To do that, you will have to put yourself in multiple positions where you can apply different leadership styles and where you can analyse the results of your efforts. Alternatively, you'll need to consider bringing in a partner/manager to compensate for your missing leadership skills.
These were the skill levels you ascribed to your leadership styles:
From your answers to the "Leadership Style" questions it seems you have a little experience in leading and it is not entirely focussed on a few styles. If you are going to be in a position where you will need to lead people (and as an entrepreneur in a growing company the chances of that are relatively good), you will have to work on firstly improving your remaining "low level" leadership styles to "workable levels" and then start working on moving all of them to "expert level". There is only one way to improve leadership styles, and that is to practice. To do that, you will have to put yourself in multiple positions where you can apply different leadership styles and where you can analyse the results of your efforts. Focus on situations where your "low level" leadership styles would be useful. Alternatively, you'll need to consider bringing in a partner/manager to compensate for your missing leadership skills.
These were the skill levels you ascribed to your leadership styles:
From your answers to the "Leadership Style" questions it seems you have a little experience in leading and it is not entirely focussed on a few styles. If you are going to be in a position where you will need to lead people (and as an entrepreneur in a growing company the chances of that are relatively good), you will have to work on firstly improving your last remaining "low level" leadership style to "workable levels" and then start working on moving all of them to "expert level". There is only one way to improve leadership styles, and that is to practice. To do that, you will have to put yourself in multiple positions where you can apply different leadership styles and where you can analyse the results of your efforts. Focus on situations where your "low level" leadership style would be useful. Alternatively, you'll need to consider bringing in a partner/manager to compensate for your missing leadership skill.
These were the skill levels you ascribed to your leadership styles:
From your answers to the "Leadership Style" questions it seems you have a fairly good experience in leading and that it is remarkably well balanced between the styles except for a couple of oversights. If you are going to be in a position where you will need to lead people (and as an entrepreneur in a growing company the chances of that are relatively good), you will have to work on firstly improving your last remaining "low level" leadership style to "workable levels" and then start working on moving all of them to "expert level". There is only one way to improve leadership styles, and that is to practice. To do that, you will have to put yourself in multiple positions where you can apply different leadership styles and where you can analyse the results of your efforts. Focus on situations where your "low level" leadership style would be useful. Alternatively, you'll need to consider bringing in a partner/manager to compensate for your missing leadership skill.
These were the skill levels you ascribed to your leadership styles:
From your answers to the "Leadership Style" questions it seems you have a excellent experience in leading and that it is remarkably well balanced between the styles except for one glaring oversight. If you are going to be in a position where you will need to lead people (and as an entrepreneur in a growing company the chances of that are relatively good), you will have to work on firstly improving your last remaining "low level" leadership style to "workable levels" and then to "expert level". There is only one way to improve leadership styles, and that is to practice. To do that, you will have to put yourself in multiple positions where you can apply different leadership styles and where you can analyse the results of your efforts. Focus on situations where your "low level" leadership style would be useful. Alternatively, you'll need to consider bringing in a partner/manager to compensate for your missing leadership skill.
These were the skill levels you ascribed to your leadership styles:
From your answers to the "Leadership Style" questions it seems you have a fairly good experience in leading and that it is remarkably well balanced between the styles. If you are going to be in a position where you will need to lead people (and as an entrepreneur in a growing company the chances of that are relatively good), you could work on improving all your leadership styles to "expert level". There is only one way to improve leadership styles, and that is to practice. To do that, you will have to put yourself in multiple positions where you can apply different leadership styles and where you can analyse the results of your efforts.
This is the skill level you ascribed to your leadership styles:
From your answers to the "Leadership Style" questions it seems you have a fairly good experience in leading and that it is very well balanced between the styles. If you are going to be in a position where you will need to lead people (and as an entrepreneur in a growing company the chances of that are relatively good), you could work on improving your "workable level" leadership styles to "expert level". You will know that there is only one way to improve leadership styles, and that is to practice. Put yourself in multiple positions where you can apply different leadership styles and where you can analyse the results of your efforts. Focus on situations where your "workable level" leadership styles would be useful.
These were the skill levels you ascribed to your leadership styles:
From your answers to the "Leadership Style" questions it seems you have a excellent experience in leading and that it is very well balanced between the styles. If you are going to be in a position where you will need to lead people (and as an entrepreneur in a growing company the chances of that are relatively good), you could work on improving your "workable level" leadership styles to "expert level". You will know that there is only one way to improve leadership styles, and that is to practice. Put yourself in multiple positions where you can apply different leadership styles and where you can analyse the results of your efforts. Focus on situations where your "workable level" leadership styles would be useful.
These were the skill levels you ascribed to your leadership styles:
From your answers to the "Leadership Style" questions it seems you have a superb experience in leading and that it is almost entirely balanced between the styles. If you are going to be in a position where you will need to lead people (and as an entrepreneur in a growing company the chances of that are relatively good), you could just work on improving your last "workable level" leadership styles to "expert level". You will know that there is only one way to improve leadership styles, and that is to practice. Put yourself in multiple positions where you can apply different leadership styles and where you can analyse the results of your efforts. Focus on situations where your "workable level" leadership style would be useful.
These were the skill levels you ascribed to your leadership styles:
From your answers to the "Leadership Style" questions you are the perfect entrepreneurial leader. If you could bottle that you could sell it! Consider writing books on entrepreneurial leadership.
This is the skill level you ascribed to all your leadership styles:
Low Leadership Skills
Low Leadership Skill
Democratic Leadership - Finding the best path by discussion and consensus.
-Good for: Buy‑in and innovation.
-Bad for: Emergencies and with ill‑informed teams.
As an introvert you will struggle improving this leadership style because of its reliance on dialogue, argument and fostering consensus.
Democratic Leadership - Finding the best path by discussion and consensus.
-Good for: Buy‑in and innovation.
-Bad for: Emergencies and with ill‑informed teams.
As an extrovert you may feel that improving this leadership style should be easy given its reliance on dialogue, argument and fostering consensus. Be careful you don't overpower introvert teams with your nature.
Pacesetting Leadership - Leading by example.
-Good for: Speed and skilled teams.
-Bad for: Innovation and low‑performing teams.
This is the most intuitive leadership style for introverts and should thus be easy to improve for you. You just need to work on proving the merits of your methods to others.
Pacesetting Leadership - Leading by example.
-Good for: Speed and skilled teams.
-Bad for: Innovation and low‑performing teams.
This leadership style is about finding balance between using the right methods and getting others to buy-in. You will find the latter easier than the former.
Authoritative Leadership - Setting a common vision but letting followers find their own way.
-Good for: Motivation and entrepreneurial spirit.
-Bad for: Team of experts who know more than the leader.
Improving this leadership style as an introvert is difficult because it relies almost purely on charisma. Perhaps take up public speaking as a hobby to improve this leadership style.
Authoritative Leadership - Setting a common vision but letting followers find their own way.
-Good for: Motivation and entrepreneurial spirit.
-Bad for: Team of experts who know more than the leader.
Improving this leadership style as an extrovert should be easy because it relies almost purely on charisma. Just make sure you have the technical skill to not lead people down blind alleys.
Affiliative Leadership - Taking care of the people first through positive reinforcement.
-Good for: Building trust and coping with stress.
-Bad for: Team focus and long term performance.
Introverts tend to be good at affiliative leadership since it requires empathy and the sort of encouragement they prefer personally. To improve you'll need to work on putting yourself in other peoples shoes.
Affiliative Leadership - Taking care of the people first through positive reinforcement.
-Good for: Building trust and coping with stress.
-Bad for: Team focus and long term performance.
When extroverts struggle with affiliative leadership its usually because they battle with empathy. In stead of assuming what other people want, try asking them.
Coaching Leadership - Focussing on follower growth and development.
-Good for: Building lasting teams and in‑depth proficiency.
-Bad for: Defiant or stubborn teams.
A coaching leadership style requires equal parts empathy and the confidence‑ and social maturity ‑to guide people without expectation. As an introvert you'll struggle with the concept of meddling with peoples emotions.
Coaching Leadership - Focussing on follower growth and development.
-Good for: Building lasting teams and in‑depth proficiency.
-Bad for: Defiant or stubborn teams.
A coaching leadership style requires equal parts empathy and the confidence‑ and social maturity ‑to guide people without expectation. As an extrovert you'll need to learn how far to push peoples emotions and beliefs.
Coersive Leadership - Forcing the leaders will, regardless of personal cost.
-Good for: Crisis management and unruly teams.
-Bad for: Team moral and medium- and long term -performance.
A coersive leadership style is the most emotionally difficult one to master intentionally because it requires a total lack of empathy. It should be used sparingly since its effectiveness is very short term.
Coersive Leadership - Forcing the leaders will, regardless of personal cost.
-Good for: Crisis management and unruly teams.
-Bad for: Team moral and medium- and long term -performance.
A coersive leadership style is the most emotionally difficult one to master intentionally because it requires a total lack of empathy and focus on the bottom line. It should be used sparingly since its effectiveness is very short term.
Workable Leadership Skills
Workable Leadership Skill
Democratic Leadership - Finding the best path by discussion and consensus.
-Good for: Buy‑in and Innovation.
-Bad for: Emergencies and with ill‑informed teams.
You must have already worked hard on improving this leadership style as an introvert because of its reliance on dialogue, argument and fostering consensus.
Democratic Leadership - Finding the best path by discussion and consensus.
-Good for: Buy‑in and Innovation.
-Bad for: Emergencies and with ill‑informed teams.
To further improve this leadership style as an extrovert you should be careful not to overpower introvert teams with your nature.
Pacesetting Leadership - Leading by example.
-Good for: Speed and skilled teams.
-Bad for: Innovation and low‑performing teams.
This is the most intuitive leadership style for introverts and should thus be easy to improve even more for you. You just need to work on proving the merits of your methods to others.
Pacesetting Leadership - Leading by example.
-Good for: Speed and skilled teams.
-Bad for: Innovation and low‑performing teams.
This leadership style is about finding balance between using the right methods and getting others to buy-in. You will already be good at the latter. Focus on technical skills for further improvement.
Authoritative Leadership - Setting a common vision but letting followers find their own way.
-Good for: Motivation and entrepreneurial spirit.
-Bad for: Team of experts who know more than the leader.
Improving this leadership style more as an introvert is difficult because it relies almost purely on charisma. Consider taking up public speaking as a hobby to improve this leadership style.
Authoritative Leadership - Setting a common vision but letting followers find their own way.
-Good for: Motivation and entrepreneurial spirit.
-Bad for: Team of experts who know more than the leader.
Improving this leadership style more as an extrovert should be easy because it relies almost purely on charisma. You need to focus on having the technical skill to not lead people down blind alleys.
Affiliative Leadership - Taking care of the people first through positive reinforcement.
-Good for: Building trust and coping with stress.
-Bad for: Team focus and long term performance.
Introverts tend to be good at affiliative leadership since it requires empathy and the sort of encouragement they prefer personally. To improve more you'll need to work on putting yourself in other peoples shoes.
Affiliative Leadership - Taking care of the people first through positive reinforcement.
-Good for: Building trust and coping with stress.
-Bad for: Team focus and long term performance.
Being good at affiliative leadership requires empathy. As extrovert often your social interactions are too shallow for deep empathy. To improve this leadership style more work on connecting on a deeper level.
Coaching Leadership - Focussing on follower growth and development.
-Good for: Building lasting teams and in‑depth proficiency.
-Bad for: Defiant or stubborn teams.
A coaching leadership style requires equal parts empathy and the confidence‑ and social maturity ‑to guide people without expectation. To improve further you'll need confidence and finesse in meddling with peoples emotions.
Coaching Leadership - Focussing on follower growth and development.
-Good for: Building lasting teams and in‑depth proficiency.
-Bad for: Defiant or stubborn teams.
A coaching leadership style requires equal parts empathy and the confidence‑ and social maturity ‑to guide people without expectation. To improve further develop the balance in how far to push peoples emotions and beliefs.
Coersive Leadership - Forcing the leaders will, regardless of personal cost.
-Good for: Crisis management and unruly teams.
-Bad for: Team moral and medium- and long term -performance.
A coersive leadership style is the most emotionally difficult one to master intentionally because it requires a total lack of empathy. You know to use it sparingly since its effectiveness is very short term.
Coersive Leadership - Forcing the leaders will, regardless of personal cost.
-Good for: Crisis management and unruly teams.
-Bad for: Team moral and medium- and long term -performance.
A coersive leadership style is the most emotionally difficult one to master intentionally because it requires a total lack of empathy and focus on the bottom line. You know to use it sparingly since its effectiveness is very short term.
Expert Leadership Skills
Expert Leadership Skill
Democratic Leadership - Finding the best path by discussion and consensus.
-Good for: Buy‑in and Innovation.
-Bad for: Emergencies and with ill‑informed teams.
This is the hardest leadership style to master as an introvert because of its reliance on dialogue, argument and fostering consensus. This indicates great social maturity and empathy.
Democratic Leadership - Finding the best path by discussion and consensus.
-Good for: Buy‑in and Innovation.
-Bad for: Emergencies and with ill‑informed teams.
Having the right balance between your social skills and empathy for introvert teams as an extrovert indicates great social maturity.
Pacesetting Leadership - Leading by example.
-Good for: Speed and skilled teams.
-Bad for: Innovation and low‑performing teams.
This is the most intuitive leadership style for introverts so it's no surprise you're good at it.
Pacesetting Leadership - Leading by example.
-Good for: Speed and skilled teams.
-Bad for: Innovation and low‑performing teams.
This leadership style is about finding balance between using the right methods and getting others to buy-in. Buy-in comes naturally to you but the technical skills were probably hard won.
Authoritative Leadership - Setting a common vision but letting followers find their own way.
-Good for: Motivation and entrepreneurial spirit.
-Bad for: Team of experts who know more than the leader.
You must have found a good balance between the technical skill and charisma (which does not come naturally to you) required for this leadership style.
Authoritative Leadership - Setting a common vision but letting followers find their own way.
-Good for: Motivation and entrepreneurial spirit.
-Bad for: Team of experts who know more than the leader.
You must have found a good balance between your natural charisma and the technical skill required not to lead people down blind alleys.
Affiliative Leadership - Taking care of the people first through positive reinforcement.
-Good for: Building trust and coping with stress.
-Bad for: Team focus and long term performance.
Introverts tend to be good at affiliative leadership since it requires empathy and the sort of encouragement they prefer personally. Good job! See what we did there?
Affiliative Leadership - Taking care of the people first through positive reinforcement.
-Good for: Building trust and coping with stress.
-Bad for: Team focus and long term performance.
Being good at affiliative leadership requires empathy. You seem to have developed the ability to connect on a deeper level against your extrovert nature Good job! See what we did there?
Coaching Leadership - Focussing on follower growth and development.
-Good for: Building lasting teams and in‑depth proficiency.
-Bad for: Defiant or stubborn teams.
A coaching leadership style requires equal parts empathy and the confidence‑ and social maturity ‑to guide people without expectation. You are an expert at guiding while sparing peoples emotions.
Coaching Leadership - Focussing on follower growth and development.
-Good for: Building lasting teams and in‑depth proficiency.
-Bad for: Defiant or stubborn teams.
A coaching leadership style requires equal parts empathy and the confidence‑ and social maturity ‑to guide people without expectation. You are an expert at guiding while sparing peoples emotions against your extrovert nature.
Coersive Leadership - Forcing the leaders will, regardless of personal cost.
-Good for: Crisis management and unruly teams.
-Bad for: Team moral and medium- and long term -performance.
Being good at a coersive leadership style is knowing about when not to use it. Its effectiveness is very short term.
Coersive Leadership - Forcing the leaders will, regardless of personal cost.
-Good for: Crisis management and unruly teams.
-Bad for: Team moral and medium- and long term -performance.
Being good at a coersive leadership style is knowing about when not to use it. Its effectiveness is very short term.
Based on your leadership style proficiencies you would be an ideal candidate to be an entrepreneur.
Based on your leadership style proficiencies you would be a fair candidate to be an entrepreneur.
Based on your leadership style proficiencies you would be a marginal candidate to be an entrepreneur.
Based on your leadership style proficiencies you would currently not be a good candidate to be an entrepreneur.
Conflict Management and Dealing with Failure/Success
Your extreme approach to conflict management and blaming others for failure will not serve you well as an entrepreneur at all. If you cannot stand up for what you believe in you may be taken advantage of by your employees, suppliers, clients and competitors. If you cannot take responsibility for any failures in your life, you will never learn (from your mistakes) how to improve your situation and you won't have the confidence needed to recreate and amend your business to allow it to survive or thrive.
Your timid approach to conflict management and blaming others for failure will not serve you well as an entrepreneur at all. If you cannot stand up for what you believe in you will be pushed around by your employees, suppliers, clients and competitors. If you cannot take responsibility for any failures in your life, you will never learn (from your mistakes) how to improve your situation and you won't have the confidence needed to recreate and amend your business to allow it to survive or thrive.
Your calm and logical approach to conflict management is at odds with your blaming of others for failures in your life when it comes to entrepreneurship. Entrepreneurs need conflict management skills that produce the best outcome and generally basing arguments on logic means that they are defensible and well thought through. However, entrepreneurs also tend to have the ego and confidence to believe that they are the masters of their own fate. As such they will never blame others for failures in their life.
Your extreme approach to conflict management and blaming others for failure will not serve you well as an entrepreneur at all. If your approach to dealing with conflict is emotional you will be (at least) taken advantage of by your employees, suppliers, clients and competitors or shunned entirely. If you cannot take responsibility for any failures in your life, you will never learn (from your mistakes) how to improve your situation and you won't have the confidence needed to recreate and amend your business to allow it to survive or thrive.
Your extreme approach to conflict management seems to be at odds with your relative sense of ownership of failures. Given this combination, your failures are more likely to have come down to bad luck since you don't display the confidence required to plot your own course. In combination, these traits will not serve you well in business. You will need to learn to stand up for what you believe in, and to argue your points logically to have a chance to survive in business.
You will need to work on your timid approach to conflict management. Entrepreneurs have the confidence to fight for what they believe in and to sway people to their point of view. Taking responsibility for your failures and learning from them is a good first step to the entrepreneurial mind-set that believes that you are the master of your own fate. You'll need this mind-set to allow your business to grow and mould to the requirements of the market effectively.
Your conflict management skills as well as the responsibility you take for failures in your life will serve you well in business. Entrepreneurs need conflict management skills that produce the best outcome and generally basing arguments on logic means that they are defensible and well thought through. Taking responsibility for your failures and learning from them is a good first step to the entrepreneurial mind-set that believes that you are the master of your own fate.
Your extreme approach to conflict management is at odds with the responsibility you take for failure in your life when it comes to business. If your approach to dealing with conflict is emotional you will be (at least) taken advantage of by your employees, suppliers, clients and competitors or shunned entirely. You will need to learn to rely on logical arguments. Taking responsibility for your failures and learning from them is a good first step to the entrepreneurial mind-set that believes that you are the master of your own fate.
Your extreme approach to conflict management seems to be at odds with your total sense of ownership of failures and successes. Though taking total responsibility for your failures and successes is a very entrepreneurial trait, in combination with your conflict management approach, your failures and successes are more likely to have come down to bad or good luck since you don't display the confidence required to plot your own course. You will need to learn to stand up for what you believe in, and to argue your points logically to have a chance to survive in business. Though given your confidence you should be able to manage that.
You will need to work on your timid approach to conflict management. Entrepreneurs have the confidence to fight for what they believe in and to sway people to their point of view. This confidence also translates into the belief that they can influence the world around them enough leading them to take responsibility for their successes and failures. It seems you're halfway there already.
You seem to have the ideal combination of conflict management approach and taking responsibility for your successes and failures. In business, cooler heads with logical arguments are always likely to have the upper hand in conflict (at least when based on the argument). Similarly, entrepreneurs also have the confidence to assume that they can influence their surroundings to such an extent that they are ultimately responsible for their failures and successes.
You will need to watch your emotions during a conflict. In business, cooler heads with logical arguments are always likely to have the upper hand (at least when based on the argument). Similarly, entrepreneurs also have the confidence to assume that they can influence their surroundings to such an extent that they are ultimately responsible for their failures and successes.
Based on your conflict management approach and the total lack of responsibility you have taken for failures and successes in your life, you are drifting aimlessly. You do not possess the confidence to survive in business.
You will need to work on your timid approach to conflict management. Entrepreneurs have the confidence to fight for what they believe in and to sway people to their point of view. This confidence also translates into the belief that they can influence the world around them enough leading them to take responsibility for their successes and failures. You need to learn that others will not be responsible for your ultimate success or failure. You will be.
You seem to have the ideal entrepreneurial conflict management approach. In business, cooler heads with logical arguments are always likely to have the upper hand in conflict (at least when based on the argument). Your willingness to acknowledge others in your success speaks to a humility that may serve you well in business though you need to have the confidence to go after what you want. Entrepreneurs tend to believe that they can influence their surroundings to such an extent that they are ultimately responsible for their failures and successes.
You will need to watch your emotions during a conflict. In business, cooler heads with logical arguments are always likely to have the upper hand (at least when based on the argument). Your willingness to acknowledge others in your success speaks to a humility that may serve you well in business though you need to have the confidence to go after what you want. Entrepreneurs tend to believe that they can influence their surroundings to such an extent that they are ultimately responsible for their failures and successes.
Based on your conflict management and your approach to dealing with failure and success you would be an ideal candidate to be an entrepreneur.
Based on your conflict management and your approach to dealing with failure and success you would be a fair candidate to be an entrepreneur.
Based on your conflict management and your approach to dealing with failure and success you would be a marginal candidate to be an entrepreneur.
Based on your conflict management and your approach to dealing with failure and success you would currently not be a good candidate to be an entrepreneur.
Let's find out a bit more about you to see what kind of entrepreneur you could be based on your skills...
Question 8 of 13
Education Levels:
This table limits your choices slightly. If you specify an education level beyond "high school" it will be picked automatically. If you specify a "very focussed post-graduate education" you won't be able to continue until you specify at least one under-graduate or the "formal business education" option. Please select "no" or "yes" for each of the problem solving approaches below.
No |
Yes |
|||
High School |
|
|
||
Mathematics focussed under-graduate degree or diploma (e.g. engineering, finance, science) |
|
|
||
Non-mathematics focussed under-graduate degree or diploma (e.g. arts, social sciences) |
|
|
||
Very focussed post-graduate degree. (e.g. doctorate or masters in particular field, medicine) |
|
|
||
Formal business degree or diploma. (e.g. BBA, MBA) |
|
|
Right.
Question 9 of 13
How good is your General Knowledge?
And...
Question 10 of 13
What approaches to Problem Solving do you use?
Please select "no" or "yes" for each of the problem solving approaches below.
No |
Yes |
|||
Try lots of things until something works. (Trail & Error) |
|
|
||
I check how other people solved the problem. |
|
|
||
I think critically and then come up with an innovative solution. |
|
|
So, based on the questions related to your skills...
Education and General Knowledge
Your educational background and limited view on the world mean that you are unlikely to have the knowledge, creativity or imagination required to deal with the ever-changing business environment.
Even with your reasonable general knowledge, your educational background would mean that you are unlikely to have the knowledge, creativity or imagination required to deal with the ever-changing business environment.
You will have gained your general knowledge through less formal means. Given your educational background, your general knowledge will be gathered by either "school of hard knocks" experience or by trying to catch up informally. Be careful that you knowledge sources are reputable and main-stream. Your broad general knowledge means that you would not limit your business field unless your "expert" field is strong enough to consider as a preferred business field. Your educational background means that a lot of technical fields will be unavailable for you.
You will have gained your general knowledge through less formal means. Given your educational background, your general knowledge will be gathered by either "school of hard knocks" experience or by trying to catch up informally. Be careful that you knowledge sources are reputable and main-stream. Your broad general knowledge means that you would not limit your business field, but your educational background means that a lot of technical fields will be unavailable for you.
Your limited educational background and miopic view on the world mean that you are unlikely to have the knowledge, creativity or imagination required to deal with the ever-changing business environment.
You compensate for your limited educational background with your general knowledge but you don't seem entirely confident about your depth of knowledge. Given your educational background, your general knowledge will be gathered by either "school of hard knocks" experience or by trying to catch up informally. Be careful that you knowledge sources are reputable and main-stream. Your broad general knowledge means that you would not limit your business field, but your educational background means that a lot of technical fields will be unavailable for you.
You compensate for your limited educational background with your superb general knowledge. Given your educational background, your general knowledge will be gathered by either "school of hard knocks" experience or by trying to catch up informally. Be careful that you knowledge sources are reputable and main-stream. Your broad general knowledge means that you would not limit your business field unless your "expert" field is strong enough to consider as a preferred business field. Your educational background means that a lot of technical fields will be unavailable for you.
You compensate for your limited educational background with your superb general knowledge. Given your educational background, your general knowledge will be gathered by either "school of hard knocks" experience or by trying to catch up informally. Be careful that you knowledge sources are reputable and main-stream. Your broad general knowledge means that you would not limit your business field, but your educational background means that a lot of technical fields will be unavailable for you.
You have a reasonable educational background to be an entrepreneur but your general knowledge and interest levels may mean that you don’t have the creativity or imagination required to deal with the ever-changing business environment. You will also be limited in choice of business field by your interest levels.
In combination, your educational background and your general knowledge and interest levels may mean that you'll have the knowledge, creativity or imagination required to deal with the ever-changing business environment. You don't seem entirely confident about your depth of knowledge but a mathematical background means that you are likely to be more analytical. Your broad general knowledge means that you would not limit your business field but you may want to consider the field you were trained in more seriously.
In combination, your educational background and your general knowledge and interest levels are likely to mean that you'll have the knowledge, creativity or imagination required to deal with the ever-changing business environment. Your mathematical background means that you are likely to be more analytical and your general knowledge and levels of interest about all topics will give you a depth of knowledge to draw from. Your broad general knowledge means that you would not limit your business field but you may want to consider the field you were trained in or your "expert" general knowledge field more seriously.
In combination, your educational background and your general knowledge and interest levels are likely to mean that you'll have the knowledge, creativity or imagination required to deal with the ever-changing business environment. Your mathematical background means that you are likely to be more analytical and your general knowledge and levels of interest about all topics will give you a depth of knowledge to draw from. Your broad general knowledge does not limit your business field but you may want to consider the field you were trained in more seriously.
You have a reasonable educational background to be an entrepreneur but your general knowledge and interest levels may mean that you don’t have the creativity or imagination required to deal with the ever-changing business environment. You'll also need to be sure that your analytical skills are up to scratch. Your limited interests mean that you should focus on that as a business field. Your chances of success will be much better if you are interested.
In combination, your educational background and your general knowledge and interest levels may mean that you'll have the knowledge, creativity and imagination required to deal with the ever-changing business environment. You don't seem entirely confident about your depth of knowledge and your non-mathematical background may mean that you need to work on being more analytical. Your broad general knowledge means that you would not limit your business field but you may want to consider the field you were trained in more seriously. The extra knowledge will improve your chances of survival.
In combination, your educational background and your general knowledge and interest levels are likely to mean that you'll have the knowledge, creativity and imagination required to deal with the ever-changing business environment. Your non-mathematical background means that you may have to work on being more analytical but your general knowledge and levels of interest about all topics will give you a depth of knowledge to draw from. You may want to consider the field you were trained in or your "expert" general knowledge field more seriously as a business field. The extra knowledge will improve your chances of survival and success.
In combination, your educational background and your general knowledge and interest levels are likely to mean that you'll have the knowledge, creativity and imagination required to deal with the ever-changing business environment. Your non-mathematical background means that you may have to work on being more analytical but your general knowledge and levels of interest about all topics will give you a depth of knowledge to draw from. You may want to consider the field you were trained in more seriously as a business field. The extra knowledge will improve your chances of success.
You have a reasonable educational background to be an entrepreneur but your general knowledge and interest levels may mean that you don’t have the creativity or imagination required to deal with the ever-changing business environment. Business education tends to be quite broad but to be an entrepreneur, you need to be able to draw on knowledge from a broad range of environments. Your limited interests mean that you should focus on that as a business field. Your chances of success will be much better if you are interested.
In combination, your educational background and your general knowledge and interest levels may mean that you'll have the knowledge, creativity and imagination required to deal with the ever-changing business environment. You don't seem entirely confident about your depth of knowledge and your non-mathematical background may mean that you need to work on being more analytical though some of that would have been covered by the business education. Your broad general knowledge means that you would not limit your business field.
In combination, your educational background and your general knowledge and interest levels are likely to mean that you'll have the knowledge, creativity and imagination required to deal with the ever-changing business environment. Your non-mathematical background means that you may have to work on being more analytical but your general knowledge and levels of interest about all topics as well as the generalist nature of business education will give you a depth of knowledge to draw from. Your broad general knowledge means that you would not limit your business field but you may want to consider your "expert" general knowledge field more seriously. The extra knowledge will improve your chances of survival and success.
In combination, your educational background and your general knowledge and interest levels are likely to mean that you'll have the knowledge, creativity and imagination required to deal with the ever-changing business environment. Your non-mathematical background means that you may have to work on being more analytical but your general knowledge and levels of interest about all topics as well as the generalist nature of business education will give you a depth of knowledge to draw from. Your broad general knowledge does not limit your business field.
You have a great educational background to be an entrepreneur (both analytical and creative) but your general knowledge and interest levels may mean that you don’t have the imagination required to deal with the ever-changing business environment. You may want to consider broadening your general knowledge since your focus will limit your business field options.
In combination, your educational background and your general knowledge and interest levels may mean that you'll have the knowledge, creativity and imagination required to deal with the ever-changing business environment. You don't seem entirely confident about your depth of knowledge but your educational background indicate that you should have the analytical skills as well as the creativity and imagination required. Your broad general knowledge means that you would not limit your business field but you may want to consider the fields you were trained in more seriously. The extra knowledge will improve your chances of survival and success.
In combination, your educational background and your general knowledge and interest levels are likely to mean that you'll have the analytical skills as well as the creativity and imagination required to deal with the ever-changing business environment. The generalist nature of your education as well as your broad general knowledge will give you a depth of knowledge to draw from when tackling business issues. Your broad general knowledge does not limit your business field but you may want to consider the fields you were trained in or your "expert" general knowledge field more seriously. The extra knowledge will improve your chances of survival and success.
In combination, your educational background and your general knowledge and interest levels are likely to mean that you'll have the analytical skills as well as the creativity and imagination required to deal with the ever-changing business environment. The generalist nature of your education as well as your broad general knowledge will give you a depth of knowledge to draw from when tackling business issues. Your broad general knowledge does not limit your business field but you may want to consider the fields you were trained in more seriously. The extra knowledge will improve your chances of survival and success.
You have a great educational background to be an entrepreneur but your general knowledge and interest levels may mean that you will struggle with the imagination required to deal with the ever-changing business environment. You may want to consider broadening your general knowledge. Given the focus on a particular educational field and the dedication required for that, your best chances come from starting a business in this field.
Your great educational background and your general knowledge and interest levels may mean that you'll have the knowledge, creativity and imagination required to cope well with the ever-changing business environment. You may want to consider broadening your general knowledge. Given the focus on a particular educational field and the dedication required for that, your best chances come from starting a business in this field.
Your great educational background and your general knowledge and interest levels may mean that you'll have the knowledge, creativity and imagination required to cope well with the ever-changing business environment. Given the focus on a particular educational field and the dedication required for that, your best chances come from starting a business in this field. Alternatively, your "expert" general knowledge field may give you increased chances of survival and success. Your broad general knowledge would mean that you could probably thrive in other fields too though.
Your great educational background and your general knowledge and interest levels may mean that you'll have the knowledge, creativity and imagination required to cope well with the ever-changing business environment. Given the focus on a particular educational field and the dedication required for that, your best chances come from starting a business in this field. Your broad general knowledge would mean that you could probably thrive in other fields too though.
You have the perfect educational background to be an entrepreneur consisting of both analytical skills as well as broad business skills. Your view on general knowledge might limit your business options to your knowledge focus though. You might want to consider broadening your general knowledge to help you cope with the ever-changing business environment.
You have the perfect educational background to be an entrepreneur consisting of both analytical skills as well as broad business skills. Your view on general knowledge, even though you don't sound entirely convinced of your depth of knowledge, also allows you to consider a wide field of business options. You might want to consider broadening your general knowledge to help you cope with the ever-changing business environment.
You have the perfect educational background to be an entrepreneur consisting of both analytical skills as well as broad business skills. Your good general knowledge also allows you to consider a wide field of business options and will help you adapt and be innovative in the ever-changing business environment. Your "expert" general knowledge field may give you higher chances of survival and success since it holds your interest and will inspire motivation.
You have the perfect educational background to be an entrepreneur consisting of both analytical skills as well as broad business skills. Your good general knowledge also allows you to consider a wide field of business options and will help you adapt and be innovative in the ever-changing business environment.
You have a fair educational background to be an entrepreneur consisting of both creative fields as well as focussed research. Your view on general knowledge as well as your commitment to your focussed tertiary education might limit your business options to your knowledge focus though. You should consider broadening your general knowledge and brushing up on the analytical skills to help you cope with the ever-changing business environment.
You have a fair educational background to be an entrepreneur consisting of both creative fields as well as focussed research. Your view on general knowledge, even though you don't sound entirely convinced of your depth of knowledge, also allows you to consider a wide field of business options. You should consider broadening your general knowledge and brushing up on the analytical skills to help you cope with the ever-changing business environment.
You have a fair educational background to be an entrepreneur consisting of both creative fields as well as focussed research. Your good general knowledge also allows you to consider a wide field of business options and will help you adapt and be innovative in the ever-changing business environment. Given the focus on a particular educational field and the dedication required for that, your best chances come from starting a business in this field. Alternatively, your "expert" general knowledge field may give you increased chances of survival and success. You may just want to brush up on the analytical skills required for business.
You have a fair educational background to be an entrepreneur consisting of both creative fields as well as focussed research. Your good general knowledge also allows you to consider a wide field of business options and will help you adapt and be innovative in the ever-changing business environment. You may just want to brush up on the analytical skills required for business.
You have a fair educational background to be an entrepreneur consisting of both creative fields as well as broad business skills. Your view on general knowledge might limit your business options to your knowledge focus though. You might want to consider broadening your general knowledge and brushing up on the analytical skills to help you cope with the ever-changing business environment.
You have a fair educational background to be an entrepreneur consisting of both creative fields as well as broad business skills. Your view on general knowledge, even though you don't sound entirely convinced of your depth of knowledge, also allows you to consider a wide field of business options. You might want to consider broadening your general knowledge and brushing up on the analytical skills to help you cope with the ever-changing business environment.
You have a fair educational background to be an entrepreneur consisting of both creative fields as well as broad business skills. Your good general knowledge also allows you to consider a wide field of business options and will help you adapt and be innovative in the ever-changing business environment. Your "expert" general knowledge field may give you increased chances of survival and success if you can convert that to a business idea. You may just want to brush up on the analytical skills required for business.
You have a fair educational background to be an entrepreneur consisting of both creative fields as well as broad business skills. Your good general knowledge also allows you to consider a wide field of business options and will help you adapt and be innovative in the ever-changing business environment. You may just want to brush up on the analytical skills required for business.
You have a good educational background to be an entrepreneur consisting of both focussed research as well as broad business skills. Your view on general knowledge as well as your commitment to your focussed tertiary education might limit your business options to your knowledge focus though. You might want to consider broadening your general knowledge to help you cope with the ever-changing business environment.
You have a good educational background to be an entrepreneur consisting of both focussed research as well as broad business skills. Your view on general knowledge, even though you don't sound entirely convinced of your depth of knowledge, also allows you to consider a wide field of business options. Your commitment to your focussed tertiary education might improve your chances in a business in that field though. You might want to consider broadening your general knowledge to help you cope with the ever-changing business environment.
You have a good educational background to be an entrepreneur consisting of both focussed research as well as broad business skills. Your good general knowledge also allows you to consider a wide field of business options and will help you adapt and be innovative in the ever-changing business environment. Given the focus on a particular educational field and the dedication required for that, your best chances come from starting a business in this field though. Alternatively, your "expert" general knowledge field may give you increased chances of survival and success.
You have a good educational background to be an entrepreneur consisting of both focussed research as well as broad business skills. Your good general knowledge also allows you to consider a wide field of business options and will help you adapt and be innovative in the ever-changing business environment. Your commitment to your focussed tertiary education might improve your chances in a business in that field though.
Your broad educational background is at odds with your limited view on general knowledge which may limit your business options to your knowledge focus. Your focussed tertiary education reiterates that limiting focus as well. You should have the analytical skills as well as the creativity and imagination required to deal with the ever-changing business environment but you might want to consider broadening your general knowledge. You should have no problem catching up on the business skills required given your extensive educational background and the commitment you have shown to your education will stand you in good stead when attempting entrepreneurship.
Your broad educational background makes you an ideal candidate for a wide field of entrepreneurship. Your view on general knowledge, even though you don't sound entirely convinced of your depth of knowledge, also allows does not limit your set of business options. The commitment required for focussed tertiary education indicates that you may be more successful in a business environment based on this focus though. You should have the analytical skills as well as the creativity and imagination required to deal with the ever-changing business environment but you might want to consider broadening your general knowledge. You should have no problem catching up on the business skills required given your extensive educational background and the commitment you have shown to your education will stand you in good stead when attempting entrepreneurship.
Your broad educational background makes you an ideal candidate for a wide field of entrepreneurship. Your good general knowledge also allows you to consider a wide field of business options and will help you adapt and be innovative in the ever-changing business environment. The commitment required for focussed tertiary education indicates that you may be more successful in a business environment based on this focus though. Alternatively, your "expert" general knowledge field may give you increased chances of survival and success. You should have no problem catching up on the business skills required given your extensive educational background and the commitment you have shown to your education will stand you in good stead when attempting entrepreneurship.
Your broad educational background makes you an ideal candidate for a wide field of entrepreneurship. Your good general knowledge also allows you to consider a wide field of business options and will help you adapt and be innovative in the ever-changing business environment. The commitment required for focussed tertiary education indicates that you may be more successful in a business environment based on this focus though. You should have no problem catching up on the business skills required given your extensive educational background and the commitment you have shown to your education will stand you in good stead when attempting entrepreneurship.
Your broad educational background is at odds with your limited view on general knowledge which would limit your business options to your knowledge focus. You should have the analytical skills as well as the creativity and imagination required to deal with the ever-changing business environment but you might want to consider broadening your general knowledge. The commitment you have shown to your education will stand you in good stead when attempting entrepreneurship.
Your broad educational background makes you an ideal candidate for a wide field of entrepreneurship. Your view on general knowledge, even though you don't sound entirely convinced of your depth of knowledge, also allows does not limit your set of business options. You should have the analytical skills as well as the creativity and imagination required to deal with the ever-changing business environment but you might want to consider broadening your general knowledge. The commitment you have shown to your education will stand you in good stead when attempting entrepreneurship.
Your broad educational background makes you an ideal candidate for a wide field of entrepreneurship. Your good general knowledge also allows you to consider a wide field of business options and will help you adapt and be innovative in the ever-changing business environment. However, your "expert" general knowledge field may give you increased chances of survival and success if it can be converted to a business idea. The commitment you have shown to your education will stand you in good stead when attempting entrepreneurship.
Your broad educational background makes you an ideal candidate for a wide field of entrepreneurship. Your good general knowledge also allows you to consider a wide field of business options and will help you adapt and be innovative in the ever-changing business environment. The commitment you have shown to your education will stand you in good stead when attempting entrepreneurship.
Your broad educational background is at odds with your limited view on general knowledge which may limit your business options to your knowledge focus. Your focussed tertiary education reiterates that limiting focus as well. You should have the analytical skills required to deal with the ever-changing business environment but you might want to consider broadening your general knowledge which would improve your creativity and imagination. The commitment you have shown to your education will stand you in good stead when attempting entrepreneurship.
Your broad educational background makes you an ideal candidate for a wide field of entrepreneurship. Your view on general knowledge, even though you don't sound entirely convinced of your depth of knowledge, also allows does not limit your set of business options. You should have the analytical skills required to deal with the ever-changing business environment but you might want to consider broadening your general knowledge which would improve your creativity and imagination. The commitment you have shown to your education will stand you in good stead when attempting entrepreneurship.
Your broad educational background makes you an ideal candidate for a wide field of entrepreneurship. Your good general knowledge also allows you to consider a wide field of business options and will help you adapt and be innovative in the ever-changing business environment. The commitment required for focussed tertiary education indicates that you may be more successful in a business environment based on this focus though. Alternatively, your "expert" general knowledge field may give you increased chances of survival and success. You should have the analytical skills required but given your educational focus on analytical fields, you may want to consider improving your creativity and imagination (perhaps through artistic endeavours). The commitment you have shown to your education will stand you in good stead when attempting entrepreneurship.
Your broad educational background makes you an ideal candidate for a wide field of entrepreneurship. Your good general knowledge also allows you to consider a wide field of business options and will help you adapt and be innovative in the ever-changing business environment. You should have the analytical skills required but given your educational focus on analytical fields, you may want to consider improving your creativity and imagination (perhaps through artistic endeavours). The commitment you have shown to your education will stand you in good stead when attempting entrepreneurship.
Your broad educational background is at odds with your limited view on general knowledge which may limit your business options to your knowledge focus. Your focussed tertiary education reiterates that limiting focus as well. You might want to consider broadening your general knowledge which would improve your creativity and imagination. The commitment you have shown to your education will stand you in good stead when attempting entrepreneurship.
Your broad educational background makes you an ideal candidate for a wide field of entrepreneurship. Your view on general knowledge, even though you don't sound entirely convinced of your depth of knowledge, also allows does not limit your set of business options. The commitment required for focussed tertiary education indicates that you may be more successful in a business environment based on this focus though. The overall commitment you have shown to your education will stand you in good stead when attempting entrepreneurship.
Your broad educational background makes you an ideal candidate for a wide field of entrepreneurship. Your good general knowledge also allows you to consider a wide field of business options and will help you adapt and be innovative in the ever-changing business environment. The commitment required for focussed tertiary education or your "expert" general knowledge field indicates that you may be more successful in a business environment based on this focus though. The overall commitment you have shown to your education will stand you in good stead when attempting entrepreneurship.
Your broad educational background makes you an ideal candidate for a wide field of entrepreneurship. Your good general knowledge also allows you to consider a wide field of business options and will help you adapt and be innovative in the ever-changing business environment. The commitment required for focussed tertiary education indicates that you may be more successful in a business environment based on this focus though. The overall commitment you have shown to your education will stand you in good stead when attempting entrepreneurship.
Given your vast educational background means that you are an academic. If you have only worked in academic circles, you may have a slight disadvantage in business. A lot of business knowledge comes from "school of hard knocks" and if you haven’t made those experiences on someone else's dime it could hurt your chances in business. Your broad educational background is at odds with your limited view on general knowledge which may limit your business options to your knowledge focus. Your focussed tertiary education reiterates that limiting focus as well. You might want to consider broadening your general knowledge which would improve your creativity and imagination. The commitment you have shown to your education will stand you in good stead when attempting entrepreneurship.
Given your vast educational background means that you are an academic. If you have only worked in academic circles, you may have a slight disadvantage in business. A lot of business knowledge comes from "school of hard knocks" and if you haven’t made those experiences on someone else's dime it could hurt your chances in business. Your broad educational background makes you an ideal candidate for a wide field of entrepreneurship. Your view on general knowledge, even though you don't sound entirely convinced of your depth of knowledge, also allows does not limit your set of business options. The commitment required for focussed tertiary education indicates that you may be more successful in a business environment based on this focus though. The overall commitment you have shown to your education will stand you in good stead when attempting entrepreneurship.
Given your vast educational background means that you are an academic. If you have only worked in academic circles, you may have a slight disadvantage in business. A lot of business knowledge comes from "school of hard knocks" and if you haven’t made those experiences on someone else's dime it could hurt your chances in business. Your broad educational background makes you an ideal candidate for a wide field of entrepreneurship. Your good general knowledge also allows you to consider a wide field of business options though your "expert" general knowledge field might give you an advantage as a business field. The commitment required for focussed tertiary education may also improve your chances if it can be turned into a business idea. The overall commitment you have shown to your education will stand you in good stead when attempting entrepreneurship.
Given your vast educational background means that you are an academic. If you have only worked in academic circles, you may have a slight disadvantage in business. A lot of business knowledge comes from "school of hard knocks" and if you haven’t made those experiences on someone else's dime it could hurt your chances in business. Your broad educational background makes you an ideal candidate for a wide field of entrepreneurship. Your good general knowledge also allows you to consider a wide field of business options and will help you adapt and be innovative in the ever-changing business environment. The commitment required for focussed tertiary education indicates that you may be more successful in a business environment based on this focus though. The overall commitment you have shown to your education will stand you in good stead when attempting entrepreneurship.
Based on your education and general knowledge you would be an ideal candidate to be an entrepreneur.
Based on your education and general knowledge you would be a fair candidate to be an entrepreneur.
Based on your education and general knowledge you would be a marginal candidate to be an entrepreneur.
Based on your education and general knowledge you would currently not be a good candidate to be an entrepreneur.
Problem Solving
Ok. It seems you have never needed to solve a problem in your life. This does not bode well for an entrepreneurial career. The vast majority of what an entrepreneur does (especially in the early days of their business) is to solve problems. In fact, what is a business, if it does not solve a problem for its potential customers?
Solving problems by "trial and error" is a legitimate approach and is very useful in new industries, where clients have not yet decided what the market should be rewarded for. You will need a broader approach to survive and thrive in business though. You will want to foster the skills knowledge required to think critically about problems and to come up with innovative solutions because this will complement the "trial and error" approach and significantly reduce wasted time and resources. It is also always a good idea to check how known problems were solved before. If nothing else, it may give you a starting point to a solution. The type of business you get into will decide which approach will be most appropriate and necessary.
Copying solutions from other businesses is a legitimate approach to running a business and is the predominant solution in a franchising model or when you emulate a market leader. Note however that you will never get ahead of the competition this way. You will need a broader approach to survive and thrive in business. You will want to foster the skills knowledge required to think critically about problems and to come up with innovative solutions. Similarly, you will need to work on the imagination, creativity and doggedness required for the repetitive failure of a "trial and error" approach. The type of business you get into will decide which approach will be most appropriate and necessary.
Being able to think critically, break a problem into its constituent parts and come up with an innovative solution is a very useful skill in business. Depending on the appropriateness of your analyses and the business you go into, it may even be all the problem solving skill you need. You will want to broaden your approach to thrive in business though. You will need to work on the imagination, creativity and doggedness required for the repetitive failure of a "trial and error" approach. It is also always a good idea to check how known problems were solved before. If nothing else, it may give you a starting point to a solution. The type of business you get into will decide which approach will be most appropriate and necessary.
Copying solutions from other businesses is a legitimate approach to running a business and is the predominant solution in a franchising model or when you emulate a market leader. Solving problems by "trial and error" is a legitimate approach and is very useful in new industries, where clients have not yet decided what the market should be rewarded for. You will need to broaden your approach to survive and thrive in business though. You will want to foster the skills knowledge required to think critically about problems and to come up with innovative solutions because this will complement the "trial and error" approach and significantly reduce wasted time and resources and it will allow you to see beyond mundane solutions to get ahead of the competition. The type of business you get into will decide which approach will be most appropriate and necessary.
Being able to think critically, break a problem into its constituent parts and come up with an innovative solution is a very useful skill in business. Depending on the appropriateness of your analyses and the business you go into, it may even be all the problem solving skill you need. Solving problems by "trial and error" is a legitimate approach and is very useful in new industries, where clients have not yet decided what the market should be rewarded for. Using the two approaches in combination means that you can reduce wastage of time and effort on a "trial and error" approach while coming up with innovative solutions that will push you ahead of the competition. You will need to broaden your approach a bit to thrive in business though. It is always a good idea to check how known problems were solved before. If nothing else, it may give you a starting point to a solution.
Being able to think critically, break a problem into its constituent parts and come up with an innovative solution is a very useful skill in business. Depending on the appropriateness of your analyses and the business you go into, it may even be all the problem solving skill you need. Copying solutions from other businesses is a legitimate approach to running a business and is the predominant solution in a franchising model or when you emulate a market leader. In combination, these two approaches will allow you to save time through historical analysis while not being bogged down in mundane solutions that won't push you ahead of the completion. You will need to broaden your approach slightly to thrive in business though. You will need to work on the imagination, creativity and doggedness required for the repetitive failure of a "trial and error" approach.
You seem to have all the problem solving tools required to tackle any form of business. Now you just have to make sure to use the right balance. If you tend to follow other people’s example in problem solving, you will never come up with something original which would push your business ahead of the competition. If you focus too much on "trial and error" approaches you will waste a lot of time and resources. If you overanalyse, you may get stuck in decision paralysis. The type of business you start or get into will determine which problem solving techniques will be most appropriate.
Based on your problem solving skills you would be an ideal candidate to be an entrepreneur.
Based on your problem solving skills you would be a fair candidate to be an entrepreneur.
Based on your problem solving skills you would be a marginal candidate to be an entrepreneur.
Based on your problem solving skills you would currently not be a good candidate to be an entrepreneur.
Now to the some more specific questions about the business sector and industry you may be interested in...
Let's have a look at what business direction you might be interested in.
Question 11 of 13
What business sector would you be interested in?
I'm not sure.
|
||
Manufacturing.
|
Retail.
|
Service.
|
Ok. Let's try to narrow that down more.
Question 12 of 13
What industry would you want a business in?
I'm not sure.
|
||
Broadcasting.
|
Business Services.
|
Construction.
|
Defence.
|
Education.
|
Entertainment.
|
Finance.
|
Food and Beverage.
|
Healthcare.
|
Information Technology.
|
Insurance.
|
Manufacturing.
|
Media.
|
Mining.
|
Retail.
|
Telecommunications.
|
Transport.
|
Given the Sector and Industry you've chosen...
Entrepreneurial Fit
Since you've not chosen a specific sector and industry, these are the ones we'd suggest based on your financial position, business risk tolerance, education level and specificity, problem solving approach and introversion/extroversion. Note that this analysis doesn't consider leadership styles, conflict management and dealing with failure/success and general knowledge.
Since you've chosen no industry these are the ones we'd suggest for your chosen sector based on your financial position, business risk tolerance, education level and specificity, problem solving approach and introversion/extroversion. Note that this analysis doesn't consider leadership styles, conflict management and dealing with failure/success and general knowledge.
Manufacturing
Retail
Service
Since you've chosen no sector these are the ones we'd suggest for your chosen industry based on your financial position, business risk tolerance, education level and specificity, problem solving approach and introversion/extroversion. Note that this analysis doesn't consider leadership styles, conflict management and dealing with failure/success and general knowledge.
Broadcasting
Business Services
Construction
Defence
Education
Entertainment
Finance
Food and Beverage
Healthcare
Information Technology
Insurance
Manufacturing
Media
Mining
Retail
Telecommunications
Transport
And lastly...
And lastly...
And now... The most important question.
Question 13 of 13
Do you want to be an entrepreneur?
So, based on your entrepreneurial ambition...
Entrepreneurial Ambition
Being an entrepreneur is a calling. It requires hard work, long hours and sacrifices (financial and others) by you and your family. If you are not entirely certain that this is a lifestyle you'd choose for yourself and your loved ones then you should stick to steady employment.
Being an entrepreneur is a calling. It requires hard work, long hours and sacrifices (financial and others) by you and your family. More often than not, it is also less lucrative than steady employment. If money is your only motivator, you are unlikely to have the staying power required to make a business work. You should re-evaluate your entrepreneurial motivations before you dive into an enterprise which is likely to leave you less well off.
You've got the right attitude but you'll need to up the intensity. Being an entrepreneur is a calling. It requires hard work, long hours and sacrifices (financial and others) by you and your family. If you are not entirely certain that this is a lifestyle you'd choose for yourself and your loved ones then you should consider entrepreneurship very carefully before you dive in.
Being an entrepreneur is a calling. It requires hard work, long hours and sacrifices (financial and others) by you and your family. You seem to have the intensity and motivation required to make it work.
Based on your entrepreneurial ambition you would currently not be a good candidate to be an entrepreneur.
Based on your entrepreneurial ambition you would be a marginal candidate to be an entrepreneur.
Based on your entrepreneurial ambition you would be a fair candidate to be an entrepreneur.
Based on your entrepreneurial ambition you would be an ideal candidate to be an entrepreneur.
In Summary...