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What’s your entrepreneurial personality type?

Posted on Mar 11 2016, in Resources for buyers

There are certain personality traits that are universal for every entrepreneur. Regardless of the business you’re planning to pursue, you have to be motivated and focused, able to go the distance to achieve your goals.

But people who choose business ventures that are in sync with their personalities, tend to be more successful.

If you are a prospective entrepreneur or if you are considering buying an existing business, choose one that plays to your strengths:

The strategist: If you are a big-picture thinker, you probably prefer autonomy and independence and are not averse to taking risks. Your challenge is likely to be working with people. You don’t enjoy managing people, so you should focus on sectors where you have a great deal of influence and autonomy such as a consulting role in marketing, finance or technology development.

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The innovator: You are independent, persistent and decisive, and you like to be in charge.

Good sectors for you could include the medical, technology, finance and legal fields. You typically wouldn't buy a franchise, but you would start or buy a company that competes with a franchise. You're highly innovative, especially when it comes to taking an idea to the next level.

The specialist: You like being responsible for areas within your areas of expertise. You like structure and following rules, and believe policies and procedures are important aspects of running a successful business. You are detail-oriented, and prefer sectors which provide security and stability. You would be an excellent distributor, franchisee or owner of an existing business and you can do well when you purchase an ongoing operation.

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The Go-Getter: You are competitive, but you show great interest in and concern for others which makes you a good leader and a good manager. You have a compelling sense of urgency to get things done and therefore you are likely to make a success of any business.

Consider sectors such as consulting or retail.

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The Motivator: You have a high level of sociability and are a great consensus builder, a good collaborator and a driver of change. The retail sector is where you excel. Motivators also do well in the toughest of customer service roles, as you are able to see both sides of the argument. Motivators are good at nurturing relationships and often do best in a business that involves keeping clients for the long term. You thrive in a team environment.

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The Diplomat: You are restless and enjoy working under pressure. You get things done quickly and work well with deadlines. You adjust easily to change and you like variety. You multitask and keep a variety of jobs going at once. Active and energetic, you vigorously attack the parts of your business that you enjoy. You excel in the restaurant business, training or media sectors.

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Aldes Business Brokers are at the forefront of the profession of selling businesses to the right clients. The assistance Aldes offers its clients, especially for first-time buyers, is irreplaceable. Your broker will prescreen businesses for you, help you pinpoint your strengths and interests and find the business that suits your passion, skills and personality. Contact Aldes Business Brokers for professional advice and service every step of the way.