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What Type of Entrepreneur are You?

Aug 12, 2009

When I work with business owners and entrepreneur it is often extremely obvious that there are a number of different types of entrepreneurs. I recently came across the work of Skip Shuda, who has divided tech entrepreneurs into 8 types. These are:


1) Get Big Fast (Tagline: Scale)

Commentary: I've encountered a number of student entrepreneurs who fit this category. Their unbridled enthusiasm and optimism is a double-edged sword.


2) Freedom Builder - Industrialist (Tagline: Creating Value in Emerging Markets)

Commentary: Often approaching their new venture with a been-there, done-that attitude about business, this entrepreneur brings business acumen but sometimes encounters a culture clash as they move from more traditional business settings to the fast-paced technology world.


3) Passion Mavens (Tagline: Change the World)

Commentary: These are usually loving, caring people who are filled with optimism. Oftentimes they need to fill big business gaps like defining a clear value proposition, a go to market strategy or a business model.


4) Spice of Lifers (Tagline: Play for Synergy)

Commentary: This entrepreneur seeks a second-career and is often willing to invest evenings and weekends to research, detail and pursue their dream. Often bound by existing time constraints, they usually realize the need for and seek out a team that can help them reach their goal.


5) Solopreneur (Tagline: Independence)

Commentary: Independence and balance form the cornerstone of the solopreneur. They enjoy working with teams, but will keep their distance as a "virtual team member". They often need help with infrastructure.


6) Expert Idea Generator (Tagline: Immortality through Ideas)

Commentary: The true inventors of the world are driven to create; create to improve; improve to help; help to be remembered. Aspiring to be the next Dean Kamen (Segway) or Thomas Edison they can work with relentless energy. Oftentimes communication skills present opportunties for optimizing.


7) Freedom Builder – Technologist (Tagline: Believable Growth)

Commentary: These entrepreneurs have typically grown in the cocoon of a corporation until they realize that they have wings. Many times they will seek business degrees just before or immediately upon leaving the corporate world to round out their technical experience.


8) Serious Competitor (Tagline: Play to Win)

Commentary: This group represents the entrepreneur most adored by Venture Capitalists. They are typically very conceptual, fast on their feet and go way deep on the markets they are pursuing. They see and ride waves - and as near as I can tell - they all have a formula for "businesses that work" (but not always the same one).


This list rings pretty true to me based on my experience with entrepreneurs from all areas of business. Where do you fit? There is a test you can take. Go to this link and let us know where you fit!

Category: Entrepreneur

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