Someone asked a question today on whether there are personality types that are not suited for entrepreneurship. Immediately, one can rattle off some characteristics that may not suit an ideal entrepreneur and these are:
- Those who are better off following directions, instead of creating their directions
- Those who are too risk averse and loves/needs the security of a salaried life
- Those who have problems seeing through to what they started
- Those who have no long term vision of what they want to accomplish
- Those who cannot handle the pressure of trying to make it on their own
- Does not persevere and immediately gets discouraged
- Lack of drive to accumulate wealth and earn more than working for others
- Lack of specialized business ability or skills that can be translated into a successful business
However, I am curious as to what empirical studies have noted. There’s a new study by the Florida International University that looked at 830 entrepreneurs over four years to see which characteristics result in failure or success of the business. They looked at 130 different independent variables such as education, prior exposure to entrepreneurship, social outlook, among others and most of them don’t seem to make a difference! MiamiHerald.com has a story on the study (unfortunately, I can’t find any link to the study from the FIU website)
