Wednesday, August 29, 2012

Before you start that business! How 3 Entrepreneurial Personality Types are needed for business success


Part I: Intro

When I started my first brick and mortar business in 2009, I had the perfect recipe for success: business plan, research, strategic partnerships, solid client source, financial plan, employees, and systems. Everything I was taught about effectively creating a business was in place. However the harsh reality hit me that I didn’t have nearly as much in place as needed and as a result the business failed days before it opened.

How does that happen? Simple, I didn’t know my Entrepreneurial personality and therefore missed the gleaming warning signs that my business was doomed to fail.

I write about the details of this story in my book Embrace Your Journey, in it I share that through that experience I discovered three important Entrepreneurial personality types needed for every startup or new business venture even if it’s a business of one.

The Firestarter

The Strategic Planner

The Consistent Finisher

Your business must have its own identity its own flow and rhythm, even if you are the business as a solo-entrepreneur, if you are determined for your business to leave a legacy, it’s important to understand how to create a business that reflects your values but isn’t dependent completely on you. In other words: You must learn how to create systems and let go.

Three personality types don’t mean you must have three separate people, it means that your business must be limber enough to navigate through the ebb and flow of entrepreneurship. In Parts II-IV of this blog I will explain and give examples of each of these types in detail but to illustrate. Each personality type depends on the other to push the business forward. As a solo entrepreneur this is challenging because you are the business and the business is you. However, understanding which type you are empowers you to know what type of vendors to hire, how to seek after partners and employees and even when it’s time to sell your business and move on. For example: If you are like most entrepreneurs, a Firestarter, a person who has tons of ideas and finds it challenging to ever finish or stick with a business idea, often developing a business idea and selling it is a much more realistic business aspiration than trying to run 1 business.

When you embrace that there are (at least) three entrepreneurial mindsets or personality types you can then move forward in your journey with clarity and intention on how to make your dreams come to life. You learn how to push yourself, not haphazardly but with intention and clarity. You know what to say “no” to and when it’s time to call in support. You understand that in some cases you may have to invest time and money in things that will create a solid foundation for your purpose. Delaying gratification just enough to make your vision long lasting and keeping your pride at bay while you push forward. Knowing who you are (personality type) is more important first than knowing what you were intended to do. There is liberation in knowing and trusting which type of entrepreneur you are, you relieve yourself of judgment of needing to be perfect as a business owner and learn to focus on your strengths and delegate your weaknesses. It’s about riding yourself of personal judgment which is the most important path to unlocking your wealth journey. For me, it was then that I learned to “stay in my lane”

In Part II we will I explore the Firestarter Personality type, what type of business best suits this person and how they can build a sustainable business.

To keep up with this 4 part blog series follow Katrina Harrell at @katrinamharrell 

Transformation Starts Within By Victoria Knox


Transformation is not just a physical alteration or a single event.  It is a continuous evolution that vibrates from the inside out.  It is not just about eating vegan/raw foods/juicing.  One may follow those healthy habits for a short time, but still not be in the space mentally, spiritually, emotionally, psychologically to make significant change.  This is a primary reason why diets alone just don’t work - all the pieces (spirit, soul and body) are not in agreement and engaged.

Transform from Inside Out Coaching helps clients to begin the transformation process but first, one must feel led or prompted from within.  Let’s call it the personal why. Anyone can give tons of recipes or steps to lose weight or go to a seminar, but without that internal drive it won’t go much farther than that.  The result is usually frustration, little results, and a retreat back to what we’ve been conditioned to do.

Right now, take a closer look at the path you’re on when it comes to transforming, changing, improving your life.  Start by looking at what you do on a daily basis.  How do you spend your day – what are the regular activities? These are the things that shape you day in and out – they are also keys to either your success or stagnation.

The purpose looking at of this is to realize that often so much of our to-do list is based on someone else’s priority. The goal is to bring your authentic self back to the forefront, to work toward shifting the balance back into your favor – it’s ok to be #1 on your list – of course GOD (your higher power) is at the absolute top, but remember this is YOUR life to steward!  No one else is responsible for shaping it.

So if we want our lives to reflect and honor our most important values/priorities we must step up/in and be committed to having it – nothing can stop us from having the life we dream of or that God’s given the vision for – the only thing that stops you is YOU!  Change is inevitable, but transformation is invaluable!

Victoria Knox is a transformation coach (personal development).  Learn more at