What’s Your Entrepreneurial DNA

As a Business Owner and Entrepreneur one of your keys to success is to ‘Know Thyself’. Why? Understanding your ‘Entrepreneurial traits’ enables you to balance your core strengths with others. How does one ‘assess’ their own traits? Are all Entrepreneurs the same? One might think so with most business programs in our education system being designed to one size fits all. Why do we think that all Entrepreneurs have the same drive, determination and DNA? To put it bluntly, they don’t.

Joe Abraham, the founder of BOSI Global, an operating partner to venture-backed and owner operated companies researched over 1,000 companies and confirmed that entrepreneurs are not all ‘wired’ the same way.

In his book ‘Entrepreneurial DNA, Joe suggests that entrepreneurs fall into four distinct types of ‘Entrepreneurial DNA’- Builder, Opportunist, Specialist and Innovator. Each type leverage strengths, weaknesses and decision making through a unique lens.

So what does this all mean? For centuries, the approach to entrepreneurship has been – what worked for one entrepreneur will work for every entrepreneur – because after all, entrepreneurs are all the same. This research has proven that entrepreneurs come in very different profiles. Some of us are Innovator-Builders. Others are Specialist-Opportunists. Knowing your DNA and the DNA of those surrounding you is mission critical to selecting the business, strategy and team best suited for you. Just because it worked for Richard Branson (Opportunist-Builder) or Bill Gates (Specialist-Builder), doesn’t mean it will work for you.

Whether you are Richard Branson, Donald Trump or Mark Zuckerberg knowing your Entrepreneurial DNA ensures that your team has skills which balance with yours. In understanding the DNA of you and your team, you are in a better position to determine what’s needed for high ‘profitable’growth.

If you are curious what type of entrepreneur you are, I highly recommend that you take the free assessment. You will find the link on my home page http://www.princeleadershipgroup.com/

Interested in what Joe Abraham has to say? Watch his Ted Talk https://www.youtube.com/watch?v=fsU9N6A18sY&feature=youtu.be Like to see Joe speak here in Toronto? Interested in a team assessment? Want to know more? Email: roger@princeleadershipgroup.com