Figure out who you really are and what kind of entrepreneur you want to be. Are you a Growth Maven or a Lifestyle Guru?
You probably have some idea whether you are a Growth Maven or a Lifestyle Guru, but if you are sitting on the fence and not sure in which direction you'd like to go, then this quiz should help you figure that out.
1. When you fantasize about your successful business, what scenario appeals to you the most?
A. More than $500,000 a year in compensation, many employees, a nice office space buzzing with activity, and the knowledge that you are building a well-known regional or national company and brand.
B. A steady low six-figure income, great clients (that you can pick and choose) with challenging and reputation-building projects, and a casual and relaxed environment with plenty of extra time for leisure, home responsibilities and family.
2. When you think about the perfect workday, which description is more in line with your way of thinking?
A. A cup of Starbucks coffee to get you going, in the office by 8 a.m., eat lunch at a fancy restaurant with prospective clients, high-powered afternoon meetings with investment bankers and members of the media, a strategic planning session with your senior staff, complete employee reviews until 7:30 p.m., meet with colleagues for networking and drinks, get home by 11 p.m.
B. Up at 8 a.m., get kids off to school, at your desk in the spare bedroom working in your sweats until noon, grab a cold burrito from the fridge, conference call with clients while throwing a load into the washer, pick kids up at school at 3 p.m., coach soccer, finish new client proposal, and send invoices. Spouse and kids home at 7:30 for dinner, check e-mail, do 12 little things that need to get done, call Singapore, in bed by 11 p.m.
3. What is your definition of professional success?
A. Building a major business with a legacy, respect of colleagues, financial independence, opportunities to use your position and wealth to make a difference in the world.
B. Independence, challenging and creative work, time with family and friends, a secure and consistent living, service in the community.
4. I am more comfortable in a working environment that is _________.
A. Formal. I prefer designated spaces for employees, clear boundaries between staff and management, a conference room for meetings, a receptionist to greet guests, and a clear beginning and end to the workday.
B. Informal. I prefer to multitask, moving between personal and professional obligations as they come up. I like to work in my pajamas or sweats (except when going out to meet clients). I prefer a workday schedule that corresponds to the needs of my family and my clients, even if that means working at odd hours in the middle of the night or on weekends.
5. What do you think (hope) your business will be like in 10 years?
A. My company, its brand, and its products will be recognized as a leader regionally/nationally/internationally, have many employees, be positioned for consistent future growth and be constantly innovating in new directions.
B. I will have a steady, but not overwhelming, stream of challenging work and an impressive reputation. I will make more than a comfortable living and have plenty of free time to be with family and friends.
Growth Mavens to the Right; Lifestyle Gurus to the Left
You probably have a pretty good idea now which way you want to take your business. If you answered "A" to at least three of these questions, you are definitely a Growth Maven. If you answered "B" to at least three out of the five, then you are a Lifestyle Guru.