Are you an, Entrepreneur, or thinking of becoming an, Entrepreneur? Can you guess your, startup IQ? 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. They have a test to find out your, startup IQ.
Owning your own business gives you a sense of freedom and empowerment. You can build things and watch them grow.
Entrepreneurs, make decisions for themselves, realize their creative visions, and develop lasting relationships with other entrepreneurs, customers, and vendors.
It’s a great way to live. But your need an entrepreneur’s, IQ, to be good at starting and running a successful business.
Here are a few natural traits that predict Startup IQ.
• 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. This is your first, IQ test.
• Conscientiousness – Doing what is right. Integrity and honesty fit into this natural ability and, IQ, as well. Conscientious Entrepreneurs, run their companies diligently, solving their customers problems. This is your second, IQ, test.
• Extroversion – We have heard a lot about extroversion as it relates to successful CEO’s and startup, IQ. 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? This is a necessary, IQ test. 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, startup IQ, 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, entrepreneur, 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.
The startup IQ test
As an, Entrepreneur, I agree with this predictive startup, IQ test.
As your Success and Entrepreneurial Coach, the foundation of my coaching practice is creating self-awareness and, business consciousness. I have seen passion override natural ability; so go for it.
Read case studies to build your Startup IQ
As an, entrepreneur, you’ll be inundated with your, business, needing to take care of it all the time. So when you have some leisure time, you might be tempted to read fiction or books for entertainment.
Instead, I encourage you to read case studies. Read biographies of successful, entrepreneurs, who had a high startup, IQ. Read everything you can get your hands on about those who have already been successful.
There’s always something to learn from those who have already done it.
I especially think it’s important to learn from the mistakes of others. If you learn from their mistakes, you won’t have to make those mistakes yourself.
And if you do make mistakes yourself, definitely learn from those.
Take Baby steps to test your startup, IQ.
Building a successful entrepreneurial business can seem daunting, and that’s OK. Building a business from the ground up is a massive undertaking.
Here is a foolproof tactic: Break it down.
Any problem that seems insurmountable, break it down into baby steps.
Once you’ve broken it down into baby steps, take them one at a time. Before you know it, just by placing one foot in front of the other, you’ll be halfway up the mountain.
With grit and perseverance, baby steps will get you far toward becoming a successful, entrepreneur.
Focus build your startup IQ
The life of a successful, entrepreneur, can feel scattered and disjointed, but it’s important to limit your time spent multitasking.
Research has shown time and time again that multitasking doesn’t work. Humans aren’t capable of it.
And yes, multitasking includes being distracted by your phone and email tabs. Close them and put them away.
Learn to focus and take time to do just one task. Giving one task your full attention will mean that you’re more likely to get it done and do it well.
It’s also important to know that too many tasks on your to-do list can make you ineffective and distracted.
Learn to focus your to-do list on the tasks that you’re capable of finishing in the amount of time you’ve allotted for them.
For example, each night, set the three tasks that you’ll complete the following day. And each month, set the overarching goal for your company that you want to achieve in the next 30 days.
These techniques can help you to learn how to focus and more effectively manage your business, building your, business IQ.
You can use your, intuition, in the, transformation, of your, business, by paying attention to signs. There’s signs like for example, you open a magazine and there’s something that pops out at you or a song comes on the radio and it triggers something you were asking the universe for an answer.
Jenny Fenig specializes in empowering creative women, entrepreneurs, to increase their confidence, impact, money and time-freedom by mixing modern and ancient practices. Jenny spent the first decade of her career in the corporate space as a public relations executive and event producer. Jenny then shifted her focus to working with, self-employed women, helping them package their magic to exponentially grow their, business, income and joy. She’s proud to lead the most trailblazing online community for transformational coaches, consultants, creatives and wellness professionals working with the energy of their intuition, the moon, and the seasons. Jenny is the author of “Get Gutsy” and also a podcast host. She was a Silver Stevie Award Winner for Coach of the Year.
Listen to the full interview here:
How Monpreneurs can use signs for the, Transformation, of their home, business
A mompreneur is a mom who is an, entrepreneur, working her business from home while raising her kids. A great visual is kid in one hand and phone in the other!
I tell you it’s actually one of the most beautiful things I know.
Myrna – You mentioned, intuition, and you mentioned vision and clairvoyance in your bio, can you share how, intuition, can help, entrepreneurs, in the, transformation, of their, brand.
Jenny – You can use your, intuition, in the, transformation, of your, business, by paying attention to signs. There’s, signs, like you’ll open a magazine and there’s something that pops out to you or a song comes on the radio and it triggers something you were asking the universe for an answer.
Let’s say you’ve been struggling with something or pondering a question, you can get your answer from daily living. These, signs, will continue to be around you all the time you just have to to open to the universe talking to you. You’ll be in a conversation and someone will drop a line and you would be like that’s exactly what I needed to hear that day, so I’m a big believer of using, intuition, and, signs, to get answers to the, transformation, of your brand.
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You don’t need to be drinking from a fire hose, we’re living in a world with so much information, the news cycle never ends. Social media never goes to sleep.
So let’s connect the dots on, signs, and, intuition. Your mindset has to be open for instruction and inspiration. You have to have a mindset for, transformation.
Myrna – I received a, sign, one day I was reading the newspaper. I saw an article about a Life Coach. That was my, sign, and I used my, intuition, to know that becoming a, Life Coach, was my purpose.
How do entrepreneurs and mompreneurs look for signs for, transformation
This is where your own spiritual practice comes into play. You can just say to God or the Universe “I’m open, I’m ready, show me the way. Show me a, sign, help me use my, intuition, to know where to go next in the, transformation, of my, business. Then just open up just open up and trust and know that the answer may not come on your exact timetable, like within in the next hour; but it will come.
We are always being guided. We all have angels and guides that show you these, signs, and inspirations.
As women we get up get up and put on those heels and go to work Monday through Friday from nine to whenever, because that’s the game. That would be very much kind of the setup of the, sun. The, sun, is going to always rise in the East and set in the West. Women are not built to work with, sun, energy.
How women can use the feminine energy of the, moon, in their, transformation
On the other hand, when we look at the, moon, it is a more feminine energy.
Women are very connected to energy of the, moon. The, moon, is in a different place in the sky every night.
It’s just so fascinating to me that as women our energy changes during the lunar cycle, just like the, moon’s, energy changes during the lunar cycle. I was never taught this growing up, it was something I learned over time. I was forcing myself to show up every day and be the same time like the, sun. I was doing this for decades.
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How to use the phases and energy of the, moon, as, entrepreneurs
There are four main phases of each lunar cycle:
There’s 13 moons in a year and there’s 12 months in a year.
We go through a full lunar cycle when we go from a, new moon, back into another, new moon. The, moon, is always changing.
The, moon, is always changing and growing in terms of her light in the sky. When that light diminishes, we go through that entire lunar cycle and so at the beginning of a cycle we have what’s called a, new moon. When you see the light on the right side of the, moon, that’s when you know it’s a, new moon, you’re in a new phase.
This is when women can start their, transformation, journey because they can harness the lunar energy really tap into their vision.
New moon and Transformation
During the, new moon, phase, you will be resting, and renewing. This is where, transformation, takes place. You will be saying I want to put my energy and my focus for this upcoming lunar cycle on this project.
You can use a, moon, cycle magic tracker to help you use the phases of the, moon, for your, business, transformation. You could say, the date of the, new moon, is this, so I should be feeling this. My, intuition, should be this and my intention for this, new moon, should be this.
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During this phase, I’m going to ramp up my health and fitness practice by ensuring that I sweat five times a week
The next phase of the, moon, cycle is the Half Moon. It is 7 days to a week after the, new moon. This is called a first quarter, moon. This energy is is connected to personal growth, action and commitment. This is where you make a plan for personal growth to help with the, transformation, of your, business. You take action on a next step, and you make a commitment to the, transformation, of your brand.
You’re going to check back in and say I’m going to go back and look at my intention that I set in the, new moon, phase and look back at my goals and see how am I am doing. How far have I come in my, transformation? If your measure is not up to your goals, this may be a time to take action and double down.
Maybe you realize it’s time to make a shift, because you realize you’re not in alignment or the world has changed and you need to make some pivots. You also don’t want to be anchorless where you can get thrown off course when the winds of the storm come. That would knock any of the progress you made in your, transformation, back to ground zero.
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The Full Moon and, Transformation
A week after the half moon, about seven days later, you’re going to get to the, full moon. We all know what the full moon looks like, it’s glorious. That’s when we’re in our fullest power. The moon is in her fullest Power. My sign is Taurus so I love the, full moon in Taurus.
As women we all went through our bleeding years where we had a menstrual cycle. The energy of a, full moon, is connected to the energy of ovulation. It’s the few days in our cycle where we could conceive a child.
That’s the energy that the, moon, is putting out and we can you can tap into it. We can tap into the transformational energy of the, full moon, and 10x the, transformation, of our brand.
You are hot stuff during this phase of the, full moon, cycle. Everything you touch can turn to gold; but you got to go for it.
You got to send that email,
you got to place that phone call,
you got to go to the event
put your name in the hat
send the proposal
Whatever it is, you got to believe in yourself and be willing to make those bold moves and bold decisions for the, transformation, of your company and brand. That’s the energy of the, full moon.
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Last quarter lunar cycle and, transformation
The next lunar phase is the, last quarter moon . The, last quarter moon, the energy of that phase of the cycle is let go to rise higher. If you invested time and energy into your health and wellness it is the time to see those results. Rise higher in your relationships, rise higher in your financial growth.
Let go of what didn’t happen and focus on the next cycle of the, New moon, for those projects.
We have a coach certification program to help life coaches in the, transformation, of their coaching, business. I call this co-creating and coaching with the cosmos. We’re really tuned into this framework called the magic makers method.
Myrna – I’ve been intimately connected with the, full moon, because the, full moon, affects the tides and our internal system which is made of 70% water; but I didn’t pay any attention to the other phases of the moon like then, new moon, or the, last quarter moon.
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How Can women entrepreneurs build confidence by learning to distinguish between their inner voice, and their, inner critic?
Jenny – The, inner voice, it’s really that ability to get still and to get quiet which is so important for women, entrepreneurs. We’ve got eight million notifications coming in on our phone and it’s buzzing on our computer and the noise is everywhere. So we need to clear out and have a regular practice where we get quiet and get still so we can hear our, inner voice.
Listen to that, inner voice, to know and feel what’s pulling you forward and what’s pulling you back. We have that connection with our bodies and when you start working with nature, working with the seasons, working with cosmic energy, you’ll find that place inside of yourself again and you’ll be able to distinguish between that inner knowing and the, inner critic.
The, inner critic, is that gremlin in your head that stops your, transformation
You’ll never be good enough
You’re making a mistake
You don’t belong there
You’re screwing it up
They’re all laughing at you
I could never put my message out there, because there could be some mean person who wants to dump on me and I can’t handle it that. Your, business cannot get to a, transformation, cycle with the, inner critic, in your head.
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I love the book “Big Magic” by Elizabeth Gilbert she lays it out there’s, it’s really about guidance. Creative people we create through ideas right and we need ideas to come to us from our, inner voice, which is our source.
When we get ideas from our, inner voice, and we don’t act on it, we can’t get mad when someone else become successful from an idea we didn’t act on.
You can purchase Jenny’s book “Get Gutsy” and her coaching certification program called Magic Makers coach certification by visiting her website magicmakerscoach.com.
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What has the book ” 7 Habits of Highly Effective People” taught you about, Leadership?
I have had the privilege of being in the Franklin Covey company which of course was co-founded by Dr. Stephen R. Covey who wrote the book “The 7 Habits of Highly Effective People” that, leadership, book has sold 40 million copies.
I wrote “Management Mess to, Leadership, success” because quite frankly my life’s been a mess. Not because you are an executive or an author or parent means you are a success automatically. I wrote the book because I wanted to share with readers that owning your mess is really the first step to becoming a success.
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Recognizing the difference between having an, effectiveness, mindset and an, efficient, mindset. One of the biggest messes that I’ve had to conquer was recognizing when am I in an, effectiveness, mindset and when I should be in an efficient, mindset; because they’re not the same factors.
I’m a very, efficient, person, I get up at 4:00 am in the morning, I write my column, I write a couple chapters on the books that I’m writing. On a Saturday morning I would get up at five o’clock, go to Home Depot and buy flowers and have them planted by six o’clock. Be at the car wash by 7 am, be at tennis by nine. I mean I live a very productive and, efficient, life. That’s helped me in a lot of areas of my life; but it hasn’t helped me in my relationships, because as Dr. Covey said
So one of the biggest areas of growth for me was with people. I had to learn to slow down. When someone comes into my office, I take off my glasses, close my laptop and turn off my phone. I have to really understand when and where can I be, efficient, and when and where should I practice, effectiveness. If you want to develop more trustworthy, long-lasting, mutually beneficial, relationships, be more cognizant of when you’re being, efficient, and fast and when you’re being, effective, and slow.
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I think it’s good advice to, leaders, to be a little more, self-aware, and introspective. Is your need to be, efficient, in some areas of your life negatively impacting other areas in your life?
Use Communication to become, Self-Aware.
It is all about, communication, because when you are being, efficient, you’re probably not being, effective, because it all depends on your audience.
Self-awareness, I use this term a lot. Everybody could benefit from being more, self-aware.
Ask yourself – what’s it like to be your friend?
What’s it like to be your husband?
What’s it like to be your neighbor
I’d encourage all of your readers, if you really want to improve your relationships, if you want to improve your influence expand your credibility and become more trustworthy or likable, go ask the people in your life what’s it like to be in a meeting with you.
What is it like to be on a carpool with you
What’s it like to go on vacation with you
What’s it like to be at dinner with you
What’s it like to be married to you.
When someone gives you that feedback, don’t refute it don’t brush it away.
Don’t blame anybody else, just listen.
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Just like the lotus flower.
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What, communication skills, are important to, leadership, success
Let’s talk about, leadership, and then this broaden it to a straight talk between peers. Talking straight is really a sign of respect to everyone in your life. We’ve all met people who say they call it as they see it, that is actually quite selfish. Talking straight is when you are able to base what you’re saying in fact. When you talk straight with someone, you don’t postulate, you don’t pontificate, you don’t technically tell the truth, but you kind of leave the wrong impression. No you just you say straight up what is true.
As a life coach, I would use something called the, sandwich technique, which means that you package that talk with something positive like a sandwich.
I would not advocate the, sandwich feedback method. I think it’s generally disingenuous. I think the better technique is to first declare your intent, because the moment there is suspicion about your intent, everything you do becomes tainted. So be very clear on what your intent is. Say what is uncomfortable straight, no chaser without any bogus compliments and no hidden agenda.
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The first step to becoming a great, leader is to check their own paradigms, our own belief systems. We all have deeply entrenched, deeply enculturated paradigms that were built into us by our grandparents, our parents, our aunties, our first grade teachers, our neighbors, our relatives and it is how we see the world. How we see ourselves and everyone should be emotionally nimble, or emotionally flexible enough to challenge your belief systems.
Here’s a great example:
I am 51 years old, I’m Caucasian. I live in Salt Lake City, but I lived in the 70s in Central Florida, Orlando Florida. I am from an upper middle-class white family, one of two children. My mother was a full-time stay-at-home mom, my father had a fairly traditional corporate job. It was a stable family in the seventies and I was raised to believe that, doctors, police officers, and Catholic priests were always right and always told the truth!
Can you imagine for a moment that had I been eight year-old young boy and an altar server and that a Catholic priest who was perhaps a pedophile told me to do some inappropriate things?
I think the first step in becoming a, leader, of your own self, your own life is to challenge your own paradigms. You don’t see every situation, every argument, every interaction, every meeting, every conflict, every win, every lost accurately; you always have a little bit of a judgment on it.
We don’t see the world as it is, we see the world as we are.
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How does “carrying your own weather” help with, Leadership, Success.
Proactive, leaders, carry their own weather, reactive people give over there weather. They metaphorically give their power to other people. Proactive people choose their response to any situation, any crisis, any reaction based on values, not based on other people.
Here’s a great example of, carrying your own weather.
My son and I were in Miami and we came upon this intersection in a downtown shopping district where there had just been an accident. There was no injuries, very small accident. There was this young woman, I’m gonna say in her 20s who was having this outrageous, hysterical, verbal meltdown. I mean she was out of control. This person was not, carrying her own weather, she was giving up control of her emotions to that situation. Being out of control was serving her no benefit. The point of that story was people who are proactive, they’re calm, they’re rational, they don’t let other things influence their own responses.
Leaders who “carry their own weather” move from mess to success. They put space between stimulus and response. When someone says something to them that pisses them off, they don’t immediately lash out to them.
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What sets your book apart from other, leadership, and management books
I wrote this book was with very clear intention, I’ve been privileged to have my entire career dedicated in the, leadership, development industry. I worked for years with the Disney Company and now almost 25 years with the Franklin Covey company and learned a few things; but I have always struggled with a lot of these management and, leadership, practices. Like you I host a podcast and interview guests every week, I read close to 70 books a year and I wanted to write a different kind of, leadership, book because most, leadership, books are written by fortune 500 CEOs or academic professors and they’re kind of hard to relate to. I wanted to write a really real raw and relatable book where regardless of what role I was in, anybody in their career and their personal life could relate to a lot of my own struggles.
So the book is kind of uproariously funny, it’s very raw and blush. I shared a lot of my own messes in the book not because I was trying to be funny gratuitously, I just wanted to validate everybody that, leadership, is hard whether you are a formal or informal leader. It didn’t come naturally to me and so the challenge is based on Franklin Covey’s research, that if you can get your arms around these 30 principles, you will transform your influence in your relationships and your career. It’s kind of aligned with a month, 30 practices in 30 days. You can take one every day get your groove on.
Connect with Scott Miller at Franklin Covey on LinkedIn, Facebook and Instagram.
I want invite you guys to join my private Facebook group called, life coach, there you can get daily tips and strategies to live in your best life now not only from me but from all the members of the group. Also please subscribe to the podcast and leave an iTunes review.