Do you have an entrepreneurial "personality?
- Successful entrepreneurs share a number of "personality" types
- According to the U.S. Small Business Profile Office of Advocacy 2016, US small businesses (less than 500 employees) employed 56.8 million people, or 48.0% of the private workforce, in 2013. In contrast, firms with fewer than 100 employees produced the largest share of small business employment.
- The Business Dynamics Statistics (BDS) , US Census Bureau reported that small businesses created 1.1 million net jobs in 2013. Among the seven BDS size-classes, firms employing 250 to 499 employees experienced the largest gains, adding 257,245 net jobs. The smallest gains were in firms employing 5 to 9 employees which added 84,020 net jobs
The median income for individuals who were self-employed at their own incorporated businesses was $49,204 in 2014. For individuals self-employed at their own unincorporated firms, the income was $22,209.
- US small businesses are truly an “equal opportunity” community that incorporates practically every demographic group found in the country. There are few barriers to entry into this community, other than a willingness to work long hours, accept financial risks and focus your efforts into making the enterprise successful.
Entrepreneurial “personality characteristics”.
In spit e of the fact that theoretically anyone can start up a company, entrepreneurs share certain personality characteristics and behavior patterns that seem to benefit running an enterprise. Entrepreneurs as individuals differ from other people. An entrepreneur’s personality differs from the average, at least statistically. Entrepreneurs in widely different fields appear connected by certain characteristics. There might not be one ”true” or “universal” personality type of anentrepreneur, but certain personalities emerge as being “more” enterprising.
In the 1920’s and 30’s a “theory of personality” was proposed by Carl Jung. The theory proved quite popular, particularly when applied to entrepreneurs. Jung’s theory of psychological typesdesigned to categorize people in terms of various personality patterns. Jung’s theory ofpersonality types focused on four basic psychological functions:
- Extraversion vs. Introversion
- Sensation vs. Intuition
- Thinking vs. Feeling
- 4. Judging vs. Perceiving