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Entrepreneurial Roles

The real value of this role identification is to assist you in understanding your strengths, to evaluate areas where you might need to involve others who have additional expertise, and to seek training to increase your chances of success. Think of your entrepreneurial role as a snapshot that helps you to define a starting point in enhancing your personal entrepreneurial expertise.

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ENTREPRENEURIAL CHARACTERISTICS

STRENGTHS:
Initiators are not afraid to propose new ideas and have a vivid imaginative. They are creative thinkers that generate ideas and are great at implementing the ideas, which leads to their large ego. They are solutions oriented people who offer advice for problems and procedures. They are usually the person that oversees and manages business or companies.

Due to their combination of high new venture infrastructure and motivation suggests that you are likely to initiate new venture formation.

WEAKNESSES:
Many times Initiators are occupied with their own ideas and do not stop and listen to other's advice or ideas. It is recommended to surround yourself with successful business people and recognize their success and strategies and allow yourself to listen to their advice.

It is possible, however, that without the deep venturing knowledge it may be somewhat premature to pursue a new business venture. In fact, venturing resources might be wasted as a result.

INCREASE YOUR FUTURE FOR SUCCESS:
If you are intent upon venturing, it would be wise to engage in activities that will enhance your expertise. Though you can likely accomplish entry into the Entrepreneurial Success Script, you can begin but not necessarily complete the requirements of the script to be successful. It is recommended to research and acquiring resources to recognize and capture venture opportunities.

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Howard Hughes

Howard Robard Hughes, Jr. (December 24, 1905 – April 5, 1976) showed key characteristics of a business INITIATOR throughout his life. Early in his career his approach to business was instinctive, eager, and dependent upon guesswork. He was able to get in the game because of relationships and access to financial resources. He was willing to start a business on the front end of an opportunity. For example, from the late 1920s he was a maverick film producer, making big-budget and often controversial films like Hell's Angels, Scarface, and The Outlaw.Hughes was also one of the most influential aviators in history. He set multiple world air-speed records, built the Hughes H-1 Racer and H- 4 “Hercules” (better known to history as the “Spruce Goose”) aircraft, and subsequently acquired and expanded Trans World Airlines (TWA). In classic initiator style, he cultivated relationships and knew the right kind of people essential for putting these kinds of business deals together. He had the heart of a business warrior, always willing to take big risks and and be in the middle of all the action. When Hughes died in 1976, he left an estate estimated at $2 billion.