Most people like to understand their personality style when they make career choices and entrepreneurs are no exception. One of the most common models used in establishing personality profiles is Myers-Briggs. This model breaks personality types up into four basic axes. They are extraversion vs. introversion, sensing vs. intuitiveness, thinking vs. feeling and judgment vs. perceiving.
Theory of ENTPs as the preferred entrepreneurs
It has been claimed that the preferred style for entrepreneurs is the ENTP. However, this model may be flawed. We have found in the ediets industry that entrepreneurs thrive with many personality styles and each one can bring something new to the table. Women tend to be more in touch with their feelings and those of others, so are less likely to fit into the ENTP model. Yet, female entrepreneurs are typically just as successful as their male counterparts.
Both male and female entrepreneurs are focused on action but still prefer to solve problems as rational thinkers. They are innovators who challenge convention and do not confine themselves to the boundaries and bureaucracies that plague most large organizations. They are essentially sociable loners who cannot be confined to the structure of corporate life.
Advantages of other types
It stands to reason that the ENTP profile is most common among entrepreneurs. However, that doesn’t mean that entrepreneurs are limited to those characteristics. Too many people who understand the Myers Briggs model are preoccupied with it and have misconceptions about its effectiveness. It may be better to reflect on the importance of blending elements of contrasting personality styles.
Women tend to be better at adapting to situations because they are naturally better multi-taskers. It stands to reason that they would also also be able to merge different personality styles together to maximize their effectiveness as leaders and entrepreneurs. It is almost as though women have a coupon that often gives them the upper-hand as entrepreneurs.
The importance of extroversion is clearly stated in business. There is a good reason for this, because entrepreneurs have to be outgoing and action-oriented. However, there are situations where introversion may be important to embrace as well. Leading a successful business requires a lot of planning and research, which is something that purely extroverted entrepreneurs would struggle with. When someone discounts the contributions of reflective thinking in entrepreneurship, they are giving the message that rash and impulsive decision making is always preferable.
The thinking style is clearly important, because entrepreneurs have to both highly creative and analytical. Yet, successful leaders also engage and empathize with their followers. Drill sergeants often make terrible leaders. The same goes with solo entrepreneurs who have to spend their time engaging with prospective clients or networking contacts. This is why having a feeling approach is also important for running a business.
This is an advantage that female entrepreneurs often have over their male colleagues. They are traditionally better at relating with others and appealing to their needs. This is one of the most fundamental lessons that entrepreneurs have to embrace in order to succeed. Networking is about giving first and getting something back afterward.
Most people are actually surprised by the last dichotomy and how it relates to entrepreneurs. You would expect businesspeople to be structured and organized. That is because we are typically expected to conform to the structure of the corporate model. Part of being a free spirit is what separates entrepreneurs from most other businesspeople. However, they are still business people. Organization and structure are fundamentally important for entrepreneurs as well, so they need to get in touch with their judging side just as much as their perceiving.
Anyone can succeed as an entrepreneur
There are many different personality types and entrepreneurs come from all of them. You will need a range of personality traits and embrace them like a diet to go to the levels of success that you are destined for in business. Just because more entrepreneurs happen to be ENTPs does not mean that you have to be one to be successful. Whatever personality style you come from, you will be able to use your own gifts and find a way to succeed as an entrepreneur.
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