|
Over Eager
|
Venture Gambler
|
Cautious Ignorant Venturer
|
New Entrepreneur
|
|
Under-equipped
|
Intuitive Expert
|
SB Expert
|
Dreamer
|
|
Resource Poor
|
Classic Expert Entrepreneur
|
Institutional Expert
|
Inventor
|
|
Apprentice
|
In Over Their Head
|
Cautious Backer(Angel)
|
Armchair Quarterback
|
As a venture gambler you depend upon ability, courage, and a reliance on quick action and flexibility to get in and get out of new venture deals. For this reason, Venture may prove to be unreliable long-term partners in the new venture arena. But you do show a high desire to be involved in entrepreneurship, and are ready to take action to make this a reality. You would rather dive in than miss a great opportunity. And it’s quite possible that you have resources such as cash, contacts, technology, and know-how, which make you an entrepreneurial player.
What makes you a Venture Gambler, however, is your reliance on intuition and guesswork to risk resources for a return that is not certain. You just lack an understanding of the highly-sophisticated process of starting a successful new business venture. Venture Gambler are especially vulnerable to blind spots . This may result in a series of thinking errors, for which Venture Gambler compensate through intuition, instinct or their knowledge of human nature.
Take the Entrepreneur Test
Sign up for our newsletter and take the test for free.
Howard Robard Hughes, Jr. (December 24, 1905 – April 5, 1976) was an American aviator, engineer, industrialist, film producer, film director, philanthropist, and one of the wealthiest people in the world. He gained prominence from the late 1920s as a maverick film producer, making big-budget and often controversial films like Hell’s Angels, Scarface and The Outlaw. Hughes was one of the most influential aviators in history, setting multiple world air-speed records. He built the Hughes H-1 Racer and H-4 “Hercules” aircraft (better known to history as the “Spruce Goose”), and also acquired and expanded Trans World Airlines.
Showing great aptitude in engineering at an early age, young Howard built Houston’s first radio transmitter when he was 11 years old. At age 12, he was photographed in the local newspaper as the first boy in Houston to have a “motorized” bicycle, which he had built himself from parts taken from his father’s steam engine. Hughes was an indifferent student with a liking for mathematics, flying, and things mechanical. He took his first flying lesson at age 14 and later audited math and aeronautical engineering courses at Caltech (California Institute of Technology).
It is not a stretch to see the attributes of a Venture Gambler in Howard Hughes as he began his career. His approach to business was instinctive and eager, yet often dependent upon guesswork, and he was easily able to “get in the game” because of ample financial resources and relationships. Despite his many positive business attributes, however, Hughes’ early venturing was undertaken with significant risk until he acquired certain expertise. It was luck that probably preserved him until he found expert advisors and developed his own expertise. But once that was established, he became one of the great entrepreneurial successes of our time.
