New Entrepreneurs – What Kind of Entrepreneur Are You?
Everyday I try to find some type of entrepreneur news for my own edification and to share and help others, particular new entrepreneurs. The main reason is that as new entrepreneurs, it’s really hard to find the help you need. Besides having tochoose from all the numerous coaches and trainers available to help you get started, I found that what it boils down to is to know yourself. Many of my friends have businesses they run out of their home, direct sales, network marketing businesses or storefronts and as we strugle in this economy to become successful new entrepreneurs, we have to educate ourselves better for our success. “Know Thyself” can drive you to phenonmenal success once you know who you are as an entrepreneur. So for today’s educational enrichment, I want to share with you the following article. It can give you insight into who you are as an entrepreneur, particularly if you’re new. This article is from the http://www.thecultureist.com
According to Inc., Wasserman and Butler “carved out results for men and women in their 20s, 30s, and 40s-and-beyond, and compared the results with those for thousands of non-entrepreneurs who completed the same survey. Among their findings: Entrepreneurs are from Mars; non-entrepreneurs are from Venus. When respondents were asked to rank 13 motivations, entrepreneurs gave priority to things such as autonomy and power. Non-entrepreneurs, by contrast, valued security and a congenial work environment. The study also showed that motivations change with age, with women’s motivations shifting more than men’s. The results expectedly showed a definitive contrast between genders when it came to explaining the underlying motivation for starting a business.”
Top Four Motivators for Male Entrepreneurs (Average by Age Group)
|Power & Influence||Power & Influence||Power & Influence|
|Managing People||Managing People||Altruism|
|Financial Gain||Financial Gain||Variety|
Top Four Motivators for Female Entrepreneurs (Average by Age Group)
|Power & Influence||Power & Influence||Intellectual Challenge|
With a quick glance, it’s immediately apparent that there’s a distinct difference between the entrepreneurial spirit of men and women. The men surveyed in their 20′s and 30′s picked “Financial Gain” as a driving factor for forming a small business, while women in the same age group indicated “Altruism” as one of the key motivational factors. These differences in motivation for starting one’s own venture are important to understand, especially for those who decide to do so with a partner of the opposite sex. However, even more importantly, prior to embarking on the road to entrepreneurship, it’s wise to take the time to understand one’s own motivation for launching a business.
Want to get a better understanding of what drives you as an entrepreneur? The folk’s at Inc. have put together an excellent quiz (modified from Wasserman and Butler’s own assessment tool) where you can rank your motivational priorities and receive feedback based on the Harvard scholars’ analysis of each category.
Barbara owns her own home based business in NJ. In addition to helping people get started in their home based business, she is also a weight loss management consultant. She also shows people how to manage their money and eliminate their debt. Working from home allows her to do the things she loves, blogging, traveling, working with people and teaching soul line dancing in her spare time. Barbara has 3 children, grandchildren, 4 spoiled rotten cockapoos and a 28 yr old rescued African Grey parrot named Stanlea. Barbara is known for her ability to encourage and inspire those around her! If you’ve enjoyed the article plese leave a comment and or say hello.