Type E Personality
What makes entrepreneurs tick?
URL:
http://www.entrepreneur.com/magazine/entrepreneur/1997/january/13764.html
Is there such a thing as a classic entrepreneurial personality?
If you pondered the seemingly divergent personas of Donald Trump
and Bill Gates, you'd think not. But a recent study by the
Hagberg Consulting Group in Foster City, California, shows that
entrepreneurs do in fact tend to share certain characteristics that
set them apart from their Fortune 500 counterparts.
"We compared the 400-plus entrepreneurs in our database
with executives of top companies," says Richard Hagberg, the
company's president, "and found 10 traits in which
entrepreneurs showed a statistically significant
difference."
Yet, lest a superiority complex sprout up, Hagberg points out
that not all these characteristics are healthy for a company's
growth. For example, he says, entrepreneurs tend to be
task-focused, which makes them "not particularly sympathetic
to issues or to people outside of that task. This gets in the way
of the long-term loyalty and bonding necessary to sustain
relationships. An entrepreneur might go charging up the mountain
with guns blazing and, if he's not careful, turn around and
find there's nobody behind him."
Interestingly, the study reported discrepancies between the way
entrepreneurs characterized themselves and the way others perceived
them; for example, a large majority see themselves as introverts,
though many of their employees and peers characterize them as
extroverts. The emergence of technology may contribute to their
isolation; however, Hagberg hints at some deeper reasons.
"A lot of entrepreneurs are borderline
extroverts/introverts who can put on a mask and appear to be very
outgoing," Hagberg says. "But leadership is a lonely
thing, and people who seek leadership tend to be independent, loner
types who happen to have good social skills."
Another perceptual gap exists in the area of vision.
"Entrepreneurs in particular tend to be visionary people, but
they tend to believe they've communicated their vision more
than they actually have," says Hagberg. "Entrepreneurs
typically eat, sleep and breathe their business--they're
thinking about it all the time--so they may think they've
communicated their vision clearly to others when they actually
haven't."
Entrepreneurs' strong personalities may also create what
Hagberg calls "a false consensus because entrepreneurs are
hard to challenge. They walk out of a meeting thinking everyone
agrees with them, but people are simply afraid to challenge what
they've said."
Though asking someone to change his or her personality is about
as effective as asking a dog to meow, Hagberg believes the study
calls for a behavior adjustment. "Many of the traits that help
people succeed in the entrepreneurial stage of a company become
problematic in the long run," he says. "The best
entrepreneurs are able to modify that cowboy mentality and become
somewhat more like the CEOs of bigger companies--a little less
seat-of-the-pants, a little more deliberate. You have to make
adjustments as the company grows."
Learn teamwork without missing a beat.
By Debra Phillips
Time to lower the boom on your employees. For entrepreneurs who
fear their workplace isn't nearly as harmonious as it could be,
Arthur Hull's percussion-based team-building exercises might be
the key to drumming up a little esprit de corps.
Don't worry: You don't need to boast Ringo Starr-caliber
chops to participate in the musical village that Hull, founder of
Santa Cruz, California-based management consulting firm Village
Music Circles, helps companies create. The key is simply for
employers and employees to drum their way towards greater
appreciation of one another.
"It's not about learning how to play the drums or any
other instrument," says Hull, a former music instructor.
"Mostly, it's about listening and interacting."
Entrepreneurial companies and big corporations the likes of
Apple Computer, Levi Strauss and Sun Microsystems have all partaken
of Hull's approximately two-hour program. "We use village
music as a metaphor for team-building," explains Hull.
"We bring drums, percussion [instruments] and fun into [the
workplace]."
What starts with voices, hands and tubular instruments known as
"boom whackers" concludes--quite literally--with a bang.
At the end of the program, says Hull, "we're at what we
call `celebration mode' with all the drums and stuff. It's
a very powerful experience."
Powerful enough, in fact, to have taken Hull to places as exotic
as Moscow and Bangkok, Thailand, to guide other companies through
his musical exercises. We gotta say it: Business is booming.
Entrepreneurs top satisfaction survey.
We've long supposed that small-business owners are more
satisfied with their work than their corporate executive
counterparts, but a recent study seems to prove it. Both
small-business owners and top-level executives at large
corporations agreed overwhelmingly that small-business owners reap
more business satisfaction, according to a survey conducted by
The Wall Street Journal and Murrysville, Pennsylvania-based
research firm Cicco and Associates Inc.
"We figured the small-business owners would be pretty
happy," says Tom Robinson, market research director for The
Wall Street Journal. "But the missing ingredient was how
the big-business guys would react. We were surprised by the number
who think the grass is greener on the other side."
More than 62 percent of corporate executives surveyed felt
small-business owners boasted "the more satisfying business
experience"--a number that carries even more weight
considering the position of these respondents. "You'd
expect the number to be fairly high among people on a midmanagement
level," says Robinson. "But [our respondents were] people
with top management titles at large companies, so the assumption is
that [they] are the ones who are paid well and have a lot of
responsibility."
Given that fact, the survey results "may suggest a secret
desire on the part of a lot of executives to run their own
shop," says Robinson. "I don't know if the head-line
can read `Corporate America Is Not Happy,' but [this survey] is
certainly an indicator."
Robinson points out that the survey did not ask corporate
executives whether they had any firsthand experience in a small
business or whether their answers were based purely on perception.
Regardless, those who do have firsthand experience with
entrepreneurship are even more enthusiastic: Almost 80 percent of
the small-business owners surveyed were confident that their
satisfaction levels were superior. --J.C.
Mr. Blackwell, (800) OKIDATA;
Graduate Management Admission Council, http://www.gmat.org email: gmacmail@gmac.com;
Hagberg Consulting Group, 950 Tower Ln., 7th Fl., Foster
City, CA 94404, (415) 377-0232;
Village Music Circles, 108 Coalinga Wy., Santa Cruz, CA
95060, (408) 458-1946.
Copyright ©
2009 Entrepreneur.com, Inc. All rights reserved.
Privacy Policy