Success can be defined in many ways in business, especially for start-ups.
Achieving the crucial funding you need for take-off, winning your first customer, achieving proof of concept, recruiting your first staff, reading about your own business in the media for the first time – and of course, making money - are all undeniable success indicators.
But are some types of people more likely to succeed as entrepreneurs than others?
In my business life, I meet many entrepreneurs and have a feeling about who is most likely to succeed. The varied personalities I meet include the ones who exaggerate their numbers, the ones who blame others for their setbacks and complain about…well, everything - and my least favourite kind - the ones that are more in love with their idea than the idea of execution of that idea.
So, is there an entrepreneurial personality type that is more likely to succeed than another?
We will be asking this question to our panellists at the next Arabian Business StartUp Academy, which takes place on Wednesday December 6, at the Grosvenor House Hotel in Dubai Marina – it’s free to attend for start-ups and SME owners. In the meantime, see if you recognise yourself among the following personality types:
The visionary has a clear idea for the direction of the business and a plan for execution. This is a ‘details person’ and someone who goes into a venture having researched the market thoroughly beforehand. The visionary is someone who has their eye on the goal and will work as hard as it takes to achieve it.
The adapter is more flexible. They may start with a plan, but they aren’t afraid to change it, depending on new circumstances, market developments and opportunities. This agile approach means that the adapter can more easily survive in the face of threats and setbacks.
The expert is someone who really knows their market and brings a wealth of experience to their business. These are the people you will find sharing their expertise at events like the StartUp Academy, and are well-respected in their fields. This, in turn means they make contacts easily and these factors all mean that the expert has a major advantage when it comes to the strategy planning and running of their business.
Even throughout childhood, we’ve all known the competitor. Fiercely competitive as kids and carrying this trait into adulthood, this entrepreneurial type simply has to succeed at all costs.
They will work harder and longer than anyone else and are hard-wired with the determination to overcome any challenge, these guys simply have to win. The competitor is the one who will bounce back from any setback faster than anyone else and be ready to tackle it again twice as hard.
You will learn more about the traits and behaviours it takes to achieve success at the next Arabian Business StartUp Academy. Entry is free to all start-up and SME entrepreneurs who register.
DATE: Wednesday 6th December 2017
TIMING: 8.15am Registration / Academy starts at 9am sharp until 11.30pm, then lunch networking
VENUE: Grosvenor House Hotel, Dubai Marina
FEES: Free Entry upon pre-registration
Click HERE to register
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