Entrepreneurial Personality Traits – Do You Have What It Takes?

Published by Jenn Neal on

entrepreneurial personality traits

Are you an entrepreneur or want to be one? See if your personality lines up with these entrepreneurial personality traits!

Entrepreneurial personality traits with Jenn Neal
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TIP: How to tell if you have the core entrepreneurial personality traits

Entrepreneurial personality traits with Jenn Neal
Want to see more? Check out our YouTube channel and be sure to click the notification bell so you never miss an episode!

Time needed: 5 minutes.

TIP: 5 Entrepreneurial Personality Traits – Do you have what it takes?

  1. Flexible

    Being willing to wear all the hats. And also survive the roller coaster. And the failures and trying something completely new. 

  2. Driven

    Initiate projects, ideas and EVERYTHING on our own just because we feel like it. Sometimes to our detriment. But also keeps us going when something doesn’t work. 

  3. Passionate

    doesn’t matter if you’re actually an introvert, if you care enough about what you’re doing you’ll really talk to anyone

  4. Creative

    unique ways of doing business as in we will literally make lemonade out of lemons. And sell it. And create an upsell… oh, and a franchise.

  5. Visionary

    We believe in the vision, our calling, and don’t care if people think we’re crazy along the way. We know we will change the world.

Not sure you have what it takes to become an entrepreneur? Here are 5 entrepreneurial personality traits to help you remember that you’ve got what it takes!

What’s In This Episode

Do you have the core personality traits of an entrepreneur? According to a Harvard study, entrepreneurs all have certain personality traits. This week, we’re discussing entrepreneurial personality traits and using them as an opportunity to celebrate the people we are and/or want to be!

Successful Entrepreneurs Have 5 Things in Common | Is Entrepreneurship For You?
Entrepreneurial personality traits with Jenn Neal
Want to see more? Check out our YouTube channel and be sure to click the notification bell so you never miss an episode!
Successful Entrepreneurs Have 5 Things in Common | Is Entrepreneurship For You?

Entrepreneurial Personality Traits – Do You Have What It Takes?

We’re not crazy! I repeat we are not crazy! (Okay, maybe a little bit, but let’s be honest. We’re all mad here! But in a good way.) Did you know that all entrepreneurs have similar personality traits? Yes, entrepreneurial personality traits are a real thing. Honestly, I didn’t realize having particular characteristics to be an entrepreneur was a “thing.” So, I decided to do some research on the topic. To my surprise, I found a study by Harvard Business School that stated there are 5 core personality traits entrepreneurs have. While some things may sound a little crazy, we’ll discuss these personality traits and celebrate who we are and/or want to be! Let’s get to it! 

90% of new American billionaires are self-made. - Entrepreneurial personality traits with Jenn Neal
With over 582 million entrepreneurs in the world, 90% of new billionaires in America are self-made.

An Interesting Study

Are you already an entrepreneur? Or are you thinking of becoming an entrepreneur but don’t know if you have what it takes? Well, I’ll let you in on a secret. You’ve got what it takes! Yup, that’s right! You just have to find the courage to believe in yourself. 

Now while you don’t have to possess all of these personality traits outlined by Harvard, we’re going to utilize them as somewhat of a guideline. (And trust me, you’ll realize you’re fit to be an entrepreneur!) Let’s think of these traits as buckets. I’m sure that we all have specific characteristics that fit into each of these buckets. (I’d love for you to share if you have personality traits that align with these things!) 

Entrepreneurial personality traits with Jenn Neal
Want to see more? Check out our YouTube channel and be sure to click the notification bell so you never miss an episode!

Within this study, the following traits are outlined to be the core entrepreneurial personality traits.

  • Openness to experience
  • Conscientiousness
  • Extraversion
  • Agreeableness 
  • and Neuroticism 

Now, I can’t say I was entirely on board with these personality traits when I first read them. Especially the last one listed. Neuroticism? I know that sometimes, as an entrepreneur, we feel completely crazy. (If you say you never have, I call your bluff. There’s nothing wrong with it!) But surely we’re not neurotic, right? No, we’re not. In fact, neuroticism was used to explain how we, as entrepreneurs, often see the big picture. We are willing to do whatever it takes to meet our goal. So, sometimes people look at us and think we’re a little crazy. In a sense, I guess it fits.

Entrepreneurial Personality Traits

Now I know you all know that I love to look for patterns and processes, right? It’s kind of my thing. Well, in true Formula Done fashion, I’m looking for patterns! So, let’s see if these traits, or any of the characteristics I mention in this week’s episode of The Content Toolbox. (It’s right up above if you’d like to listen!) resonate with you! 

In 2016, there were 25 million Americans who were starting or already running their own business. - Entrepreneurial Personality Traits with Jenn Neal
Have you been wondering if you have what it takes to become an entrepreneur? Chances are, if you have any traits that resonate within the 5 core entrepreneurial personality traits, you are fit to be in the market like over 25 million Americans who are already running their own business!

The Harvard article spoke about many personality traits can fit into these categories. And while I do talk about different personality traits, these are just a couple of my favorites. 

Visionary

As entrepreneurs, we have a vision of what we want our businesses (and lives) to look like. And we’re incredibly passionate about this vision that we have. So much so that it might seem a little crazy or neurotic to people on the outside. Our vision is fueled by our passion. We each started our businesses to help someone and feel devoted and dedicated to our cause. We have ideas to change the lives of others, and change their lives we will! So, if that means that along the way, people will think we’re crazy for being extraordinarily passionate about our calling, then so be it! I’d be happy to be called neurotic any day (so long as I’m working to make my vision a reality!).

Entrepreneurial personality traits with Jenn Neal
Want to see more? Check out our YouTube channel and be sure to click the notification bell so you never miss an episode!

Flexibility

One of the leading entrepreneurial personality traits is flexibility. Do you wear all the different hats in your business? Of course, you do! To me, flexibility falls into the openness to experience bucket. No one knows your business better than you. So, of course, you wear all the hats!

You’re open to change and able to pivot when you need to. Being flexible keeps you and your business evolving for the better. When opportunity knocks at your door, you’re open to slightly altering your game plan and trying something new. And although sometimes these changes cause failure, you don’t let them hold you down for long. You make a choice to get back up and try something else. Because again, you’re a visionary who’s driven by passion. Fear cannot stand in the way of you and your dream, so you become flexible and move along with grace. In the end, you’re always glad you did! 

The number one reason why businesses fail is there’s no market need. - Entrepreneurial personality traits with Jenn Neal
While many times, we take a business failure as a reflection of ourselves, the number one reason businesses fail is because there is no market need.

In The End

Ultimately, there is no right or wrong personality trait to determine if you can be an entrepreneur or not. Personality traits within each person resonate differently. And yes, while you’ll often find that you’re a lot like other entrepreneurs, no 2 people are exactly alike. Don’t let anything deter you from your vision. Your calling is yours for a reason, and you will make a difference in many people’s lives. So here’s to us and the creative, driven, flexible visionaries we are!

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As an entrepreneur, what is your personality trait that stands out the most and does it fit into any of these buckets?

Entrepreneurial personality traits with Jenn Neal
Want to see more? Check out our YouTube channel and be sure to click the notification bell so you never miss an episode!

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