Are you an Entrepreneur or thinking of becoming an Entrepreneur? Would you like to know if you are naturally gifted with Entrepreneurship Intelligence or you will have to work harder than most? Silicon Valley have the answer for you.
A test for success:
Here are a few natural traits that predict Entrepreneurial success:
• Openness – A high openness score means you are open minded. You listen to the ideas of others and are willing to learn from them. Sam Walton built the Walmart Empire by learning from his competitors.
• Conscientiousness – Doing what is right. Integrity and honesty fit into this natural ability as well. Conscientious Entrepreneurs run their companies diligently, solving their customers problems.
• Extraversion – We have heard a lot about extroversion as it relates to successful CEO’s. True in order to sell, you must like people and be comfortable around them; but as an Entrepreneur you shouldn’t go it alone. You should create a team. If you are not a natural extrovert, hire a front line sales person. Bill Gates is an introvert so you could be wildly successful even if you don’t have this natural ability.
• Agreeableness – Are you compassionate, warm and considerate? People do business with people they like. Agreeableness does not mean you must be nice all the time. As a business owner you must be able to also be straightforward with customers and employees and to replace the ones who do not conform to your mission.
• Neuroticism – A good indication of Entrepreneurial success is to score low on the neuroticism test. Neuroticism is defined as the tendency of an individual to experience negative emotions such as anxiety, hostility, depression, impulsiveness and vulnerability. Entrepreneurs, Managers and Leaders must be emotionally stable, self-confident, calm in the presence of chaos, even tempered and relaxed.
• Fluid Intelligence – This refers to the ability to rapidly learn and apply a rule. Entrepreneurs deal with different issues all day. As a start-up they wear many different hats. The ability to switch from one issue to another is very important and is a skill that cannot be learned. Fluid Intelligence is considered the most revealing test for success. If you get stuck and can’t switch roles, you cannot lead and become an Enterprise.
I open this up for comments if anyone disagrees with Silicon Valley. As an Entrepreneur, I agree with this predictive test.