|
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 New Entrepreneur you are the type that contributes best to a more-established business and NOT to a new venture. For you, the most rewarding approach is to apply your talents to improving, enhancing, and finding success with others in an existing business opportunity. Now is NOT the time for you to seriously consider investing in or starting a new venture. You haven’t yet had enough experience in this area to gain the specific knowledge and practice needed for success.
In fact, if you have resources such as an inheritance, retirement savings, proceeds from the sale of a home, your interest in entrepreneurship might tempt you to commit those resources to a new venture. Your current lack of specific knowledge and practice, and a tendency to be over-trusting in the potential of a new venture, would make this unwise and extremely risky for you, and perhaps for others who might depend upon you for security or support.
New Entrepreneur should consider participating in a new venture only after they’ve gained an understanding of the Entrepreneurial Success Script. Very specific preparations, and a program to enhance their entrepreneurial expertise, are required in order to improve their readiness to venture, and to avoid wasting valuable time and resources.
Basically, New Entrepreneur’s are reluctant and conservative in their approach to venturing. They prefer to be thoroughly informed and would rather get through life financially in one piece, than to make it big.
Take the Entrepreneur Test
Sign up for our newsletter and take the test for free.
William Henry “Bill” Gates III (born October 28, 1955) is an American business magnate and philanthropist. And it’s hard to image that the wealthiest man in the world started out as a New Entrepreneur.
In 1973 Gates scored 1590 out of 1600 on the SAT college admission test and enrolled at Harvard University. He didn’t have a definite study plan, and along with his high school pal Paul Allen, spent a lot of time using the school’s computers. In 1975 when he and Allen founded their own computer software company which they called Microsoft, Gates was a nineteen year old college dropout with little or no business experience. But he could write computer code, and he had an idea of how it could transform the use of computers.
Interestingly enough, one of the recommendations for New Entrepreneur is to “...look for ways to apply your talents toward building or enhancing a more established organization”, and that is exactly what Bill Gates appeared to do. He focused on what he could do well (writing code) until he gained the necessary business experience and acquired essential venturing expertise to become one of the most successful entrepreneurs in history.
