Every entrepreneur is different and unique from another one. Though they tend to share a common vision for freedom in their work and life, their personality and charisma differ from others. Today, we have countless opportunities to create businesses that help us live our life the way we want.
An entrepreneur faces challenges every next moment. He has to deal with them and make his venture so capable to take it to the milestone of success, so that you have a motivational drive to carry on with the business.
It may take time for the business to start earning profits, and for a time you can’t expect superlative profits. To deal with all this an entrepreneur needs to be calm, compose and patient.
As the personalities of every entrepreneur differ from others, you should have knowledge about different type of entrepreneurs so that you can judge yourself and decide what kind of entrepreneur you are and what type of entrepreneur you want to be.
7 Types of entrepreneurs
1. The Skeptical Entrepreneur
This type of entrepreneur sees the success of other entrepreneurs with suspicion and immediately starts to question it. They inspect and analyze the business of that person and looks for the lucky and favored break, or inheritance they think that successful entrepreneur in India had received.
Either it’s the news, or previous life experiences, that made them skeptical of others’ success. They don’t believe it’s possible without all the stars falling into place. They are full of doubts and always makes excuses for others success.
This type of entrepreneur personality is very scary and this kind of persons can’t take their business to new heights because they will be stuck with unimportant things in their surroundings. When a person can’t see or believe success is possible, he/she will never get to a place in his/her mind that allows him/her to take action and make things possible.
They always stay stuck, make excuses and believe it because of their skeptical mindset. These kinds of entrepreneurs focus more on spreading hoax and doubts about others and thus end up with nothing in their hands.
2. The Copycat Entrepreneur
This entrepreneur is a kind of an imitating personality. They see the success of others and tries to copy them exactly from top to bottom. They come out as a copycat with formatting and displaying their website, business cards, marketing, the way of presenting themselves all same, just like a carbon copy of a leader in their industry.
Look Pat Flynn (an American entrepreneur) of the popular blog Smart Passive Income as an example. Since Pat Flynn became popular, there has been a whole wave of people that copy him line-for-line.
There is nothing wrong with modeling success of another entrepreneur —it is actually very smart but there is a fine line that demarcates between modeling and copying.
Modeling success means you see what works and what proved to be good and bad for other ventures, analyze those factors and figure out how to make it relevant to your business. By modeling, you learn from others mistakes and try not to commit the same mistakes in your business.
But copying others can put you in trouble too as what factors may benefit their business might prove to be fatal for your business. This is because every business deals in a different environment and different conditions. So if you are a copycat entrepreneur, mend your ways. Be honest and switch copying to modeling
3. The Research Entrepreneur
This type of entrepreneur loves to learn. They research every possible scenario, pros, cons, and outcome for strategies to start or grow a business. There is nothing problematic with learning, but the problem arises when that’s all you do.
Your research work should not be a demotivating drive for you, it should become an excuse for not taking action. Do research and take actions after analyzing every aspect.
Always strive to learn what works, what could help your business, and what could harm your business and after that implement those factors. Most of the entrepreneurs know more than they think and that’s why sometimes they fall victim to information overload.
The key to success is not only learning but learning and implementing. The implementing has to happen because learning is of no use without the implementation of ideas.
4. The Determined Entrepreneur
This kind of entrepreneur has not “made it” but they will achieve their desired goals, no matter what the circumstances arise.
They see the value in entrepreneurship, they see that success is possible without copying and imitating, at most they adopt the model of other successful ventures and they do everything they can to start or grow their business and take it to newer heights with their willpower and determination.
Starting and growing a business can be hard but not impossible. It may take time but it is always possible to thrive.
To take your business where you want, you need to change your mindset from focusing on what other people consider “reality” to exploring what the actual reality can be. Entrepreneurs do not become successful while sitting comfortably, they deal with extreme situations and harder challenges with determination to become successful and prosperous. So we can say that they have determination as their backstory.
5. The Accomplished Entrepreneur
The accomplished entrepreneur has gone through all the stages of entrepreneurship and building a business, and has reached success after putting a lot of efforts and confronting every challenge at every stage.
This entrepreneur is more focused on scaling their business and leaving a legacy that extends beyond his/her lifetime.
The accomplished entrepreneur has already figured out the things that will help the business reach success. They have figured out how to connect and deal with their customers and how to solve their biggest struggles.
They experience true freedom and understand it very well that their time is their most valuable resource. This understanding makes them work in a manner so that they use their time wisely.
6. The Builder Entrepreneur
This entrepreneur focuses on creating a business out of scratch and because he is the one who creates, he is named as the Builder entrepreneur. They think out of the box rather than following the already set trend so that better results can be expected. This kind of entrepreneur is more focused and driven.
They are usually experienced in every major sector of business, be it management or technology. This type of entrepreneur invests his/her own money and sacrifices his/her time for making something productive.
A well-known figure in this profession is V.G. Siddhartha, founder of Café Coffee Day. As he was born into a family of coffee planters for the last 140 years, his journey to become the owner of India’s largest coffee chains is indeed inspirational. He is the entrepreneur who has all the qualities required to be a builder.
7. The Wannabe Entrepreneur
This type of entrepreneurs work in big Multinational Companies and they always keep them in the superior position. If you ask them a bit about themselves or make an enquiry about them, they will boast about how good they are at doing the great things and how confident they are to start an enterprise.
They are crybabies who burst out their needs to everyone. They lack money, a great idea and enough time. That’s why the wannabe entrepreneurs never go beyond their wannabe stage because if being an entrepreneur was that much simple, everyone would have become Tata, Birla, and Ambani. Actual entrepreneurship is not their cup of tea.
What kind of entrepreneur are you? Face the reality and mend your ways; make a change if it needs to be made. Success will be different for every entrepreneur and so their success story, but if entrepreneurs stuck, it could be because they are not the type of entrepreneur they should and want to be.
Success takes time because business takes time to settle in a particular marketplace and until then the entrepreneur needs to have patience and willpower to deal with ups and downs. Growing a business could take a lot of your time, but the autonomy and self-esteem the entrepreneurship provides are worth the wait.
It all starts with deciding what goals you want to achieve for making your business successful and what are the pathways you have to follow to accomplish the goals. You yourself have to decide what you want from your business and how that suits and fits into your life.