When it comes to starting your own business, your way of thinking says a lot about how your business will operate. Are you someone with a drive to build your business quickly, or are you one that knows when to make certain moves? Is your entrepreneurial journey specific to one industry, or are you willing to dabble into others and take risks? These are the types of questions to ask when trying to determine which type of entrepreneur you are. Below, we will go over each of the four types of entrepreneurs. Keep reading!
1. The Builder
An entrepreneur with a builder mindset always tends to be one step ahead of everyone else. Builders look at their business with infrastructure in mind. This means that the mindset of a builder measures success by things like number of employees, size of payroll, and the actual square footage of the potential office. Builders like to work in a fast-paced environment operating on a short timeline.
2. The Opportunist
When it comes to an opportunist, this type of entrepreneur is focused on the financial aspects of starting a business. Opportunists focus on money-making. These types of entrepreneurs, such as Jeff Bezos, are always looking for the next opportunity to market and make money off of something. Making impulsive decisions is a key characteristic of opportunist entrepreneurs.
3. The Specialist
A specialist is someone who is very analytical. Typically, specialist entrepreneurs stay in one industry. When it comes to success, the determinant is their own personal income. Specialist entrepreneurs work best when business stems from networking and referrals. It is common for specialist entrepreneurs to stick to one specific industry and become industry experts (doctors, writers, etc.) after deciding which specialty resonates best for their business goals.
4. The Innovator
An innovator is someone who does something they love, but if an opportunity presents itself where the entrepreneur can get their feet wet and explore a new task, they will jump on it. Innovators are not completely focused on the money; they are in it for entertaining their passion. These types of entrepreneurs are known to not stick to the status quo and to take a risk unafraid.
When it comes to starting a business, there are several different types of entrepreneurs. These four profiles are based off Joe Abraham’s Entrepreneurial DNA: The Breakthrough Discovery That Aligns Your Businesses to Your Unique Strengths. The type of entrepreneur profile varies across all business owners, and some of these DNA types can even overlap! One of the key parts of being a successful business owner means that you know what type of entrepreneur you want to be, where you want your business to go, and how you will get it there. After all, what worked for one entrepreneur is not guaranteed to work for the next. Finding your strengths and weaknesses as a leader and entrepreneur will help you work your way to a successful business!