Overall results (score 60)
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Overall suitability for an entrepreneurial career.
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John has several characteristics that indicate entrepreneurial potential. This means that for the most part, he possesses the personality traits and skills typically found in entrepreneurs. He would be fairly well-equipped to tackle the difficult task of owning his own business.
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Drive to Succeed (score 66)
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Refers to the ability and willingness to do what it takes to succeed.
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According to John's score, he has a strong drive to succeed. Essentially, when it comes to setting goals, persevering despite obstacles, and putting a concentrated effort into work and tasks, he rarely, if ever, disappoints. This is fortunate because success as an entrepreneur does not come easy. Without a strong drive, John will likely have a lot of difficulty surviving in the business world.
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Independence (score 57)
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Refers to the desire to stand alone, apart from the crowd.
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While John can be independent, he still sometimes relies on the opinions of others, which may not be ideal for an entrepreneur. He likes to have some rules, but he may still butt heads with authority figures every now and then. However, he is usually thankful for the guidance and structure they provide. When the crowd heads one way, he may question whether or not he should follow, but will generally just go along with everyone else. Entrepreneurs need to feel comfortable striking out in new directions, and be unconcerned with what everyone else is doing.
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Passion (score 67)
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Having a drive and enthusiasm for one’s work.
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Often fiery and passionate, John gets excited about the things that interest him. To start a new business, he needs to be enthusiastic because that feeling is infectious and people will be drawn in. This eagerness can also help him get through tough times. His generally high energy level can give him the necessary energy he would need to get an enterprise off the ground.
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Goal-orientation (score 64)
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Involves setting objectives as well as following through to achieve them.
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John generally has his eyes on the prize and he wants to win the race. He aims fairly high and lets little stand in his way. Being perseverant is a very important trait for entrepreneurs who are likely to encounter a lot of obstacles along the way to success. Luckily, John tends to enjoy challenges and is able to stay focused on the real target.
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Conscientiousness (score 74)
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Involves being organized, dependable and efficient.
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John tries to be a reliable and responsible business-person. Conscientiousness is a key trait; clients likely won't think much of an entrepreneur if he or she shows up an hour late and all of his or her important papers have been forgotten. In fact, they probably won’t be clients for long. Since John needs to keep track of so much when he is running his own company, being efficient and organized are essential skills.
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Social Network (score 49)
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Refers to the ability to form strong social relationships with people.
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The ability to develop strong relationships with others, both personally and professionally, is crucial for entrepreneurs. Not only will this prove useful when creating business contacts, but having a strong social network can also provide a source of inspiration and motivation when times get tough. John's score indicates that this is an area where he is doing rather well, but some improvement is required. Even self-starters need a little help along the way.
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Social Skills (score 58)
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Ability to relate easily with other people.
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John's people skills are passable, but in this area, they may not be good enough. Entrepreneurs need to be able to meet and mingle with their potential clients, putting them at ease while networking and making vital business contacts. This is not likely to be a venture where people can be avoided, so it could be a problem if John isn't always comfortable interacting with others. Clients will appreciate it if he deals with them in a cheerful and professional manner.
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Leadership (score 40)
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Ability to take charge and lead others effectively.
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When John is with a group of people, he might be able to take charge if the situation requires it, although he wouldn’t necessarily be at ease. He isn’t always assertive, so people may not gravitate to him as their leader very often. He will make tough decisions if he has to, but he sometimes prefers just following others. Even if he doesn’t have employees in the beginning, he will need to demonstrate to clients and competitors that he is the boss.
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Mentoring/Supporting (score 49)
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Assesses whether an individual has a supportive social network to turn to in times of trouble.
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Doing something risky and difficult, like owning a business, can be a huge strain, physically and emotionally. Therefore, it’s important to have people who can lend their strength when things get tough. John has a few people he feels he can depend on, but at times it may seem like he doesn’t have enough support. When it comes to success, it can be helpful to know that he has encouragement from the people he cares about. He might also benefit from having more mentors or role models in his life who can inspire and guide him.
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Outlook on Success (score 64)
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Refers to whether an individual believes he or she has the potential for success.
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Although a person may very well have most of the skills to become an entrepreneur, they may not be worth much if the individual doesn’t believe he or she has the potential for success. John's results indicate that he has a positive outlook on success. He tends to expect that he will succeed in most of the ventures he takes on, and this upbeat attitude can truly serve him well, both in terms of his motivation and effort.
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Self-efficaciousness (score 67)
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Having confidence in one’s abilities.
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People tend trust the abilities of those who look confident, and John is usually self-assured. He tends to know what his strengths are and he usually focuses on them rather than his weaknesses. This is good for business because people flock to those who appear sure of themselves. He need to believe in his business, especially if he has already experienced a failed venture, which most entrepreneurs will do at least once. His confidence in his skills and himself can help him succeed.
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Optimism (score 59)
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Ability to find to the “silver lining” and stay positive despite adversity.
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Neither an optimist nor a pessimist, John tries to view things realistically. Unfortunately, this may not always be a good thing. It’s Being positive can affect his success as an entrepreneur. He needs to be able to stay up-beat in the face of constant problems and obstacles. A pessimistic attitude can be self-fulfilling, so it’s best to expect that his business will thrive.
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Status-seeking (score 66)
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Determines the role that social status and money play in an individual’s drive to succeed.
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Money is fairly important to John; he tends to see entrepreneurship as a chance to become a millionaire. Unfortunately, that rarely happens. Chances are that his new business won’t turn a profit for the first year, at least. Fortune-seeking isn’t the best reason to start his own business. He needs to do it because it’s something that he loves and is willing to work long, hard hours for.
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Openness to new ideas (score 63)
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Refers to the inclination and desire to try out new ideas.
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According to John's results, he is open to new ideas. His mindset seems to be quite flexible when it comes to exploring novel areas and ways of thinking, and this likely proves extremely helpful not only for creativity, but also the problem-solving and decision-making process. Businesses that don’t change with the times and explore new ventures risk becoming obsolete. In addition, if John's area of enterprise focuses on developing products, being open to new ideas is essential to his success.
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Interest in Knowledge (score 59)
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Refers to the willingness to learn new things.
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John is occasionally willing to learn new things, but probably doesn’t take much initiative to do so. If he is self-employed, he needs to be able to accomplish the functions of several employees, accounting, sales, inventory and so much more. Healthy curiosity could help him pick up the knowledge and skills he needs. Sometimes clients might ask him to take on a project that is just outside his area of expertise. Therefore, if he wants to keep their business, he is going to need to learn.
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Innovation (score 63)
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Refers to the ability to think productively.
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John usually thinks “outside the box”. He will often try to turn old ideas on their ear and come up with a new approach to an old problem. His creative insight will allow him to perceive opportunities that others might miss. Unimaginative people who refuse to use anything other than the old tried-and-true solutions will generally frustrate him. He wants to be able to head out in new and innovative directions.
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Adaptability (score 48)
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Refers to the capacity and willingness to accommodate change.
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When things suddenly change, John is sometimes able to go with the flow, other times not. Generally, he likes a bit of stability in life, but he can usually handle a fast pace and fluid schedule. As an entrepreneur, he needs to be able to roll with the punches and be flexible when plans have to change. Things will go wrong, but when they do, he will try to bounce back as quickly as possible.
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Risk-taking (score 30)
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Determines the extent to which an individual engages in reckless behavior.
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Usually taking care to look before he leaps, John rarely takes risks. His main concern is thinking through every decision so that there are few doubts left in his mind about which path to follow. Taking risks is an important part of being an entrepreneur, and while he is able to take the time to identify the good risks from the bad ones, he may miss out by taking too much time to consider his options.
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