Anyone can be an entrepreneur, however there are certain personality traits that many of them have in common. For example, may entrepreneurs have a big tolerance for risk and are incredibly imaginative. I encourage you to take the Myers-Briggs personality test and consider how your personality traits can serve as an asset to you in business. You can find the official test from Myers-Briggs here, or a free, unofficial version here. In today’s blog post, I wanted to go over the four personality types entrepreneurs are most prone to be. (Note: Whereas there are ‘famous’ entrepreneurs that have these personality types, this post is based on my opinion! You can be an introverted entrepreneur, and you can be any Myers-Briggs personality type.)
4 Personality Types of Entrepreneurs
ENTP, The Debater:
ENTPs are incredibly knowledgeable, and they are quick thinkers. They like to know every angle of every situation to ensure that nothing blindsides them. Because of their thirst for knowledge, they make great entrepreneurs. They can come up with solutions to problems most people would never consider.
People with this personality type are also incredibly charismatic. Their confidence and quick wit intrigue others around them. They can be charming and informative at the same time. There is no such thing as too much time spent problem solving for an ENTP. This quality makes them well suited to the many unique challenges entrepreneurs face.
Famous ENTPs: Steve Wozniak and Stephen Colbert (I, Billy Epperhart, am also an ENTP!)
ENFP, The Campaigner:
ENFPs are mission focused. They share the ENTP’s eye for possibility, but lead chiefly by rallying others to fight for their cause(s). Contagiously idealistic, yet warm and approachable in person, the ENFP also has a knack for seeing where people might fit into their venture – where they would be most happy and effective. It’s rare to see an ENFP in a CEO’s chair, but you will find them spearheading ventures, especially in the creative fields. ENFPs are also fiercely independent, which goes hand-in-hand with the entrepreneurial desire!
Famous ENFPs: Julian Assange, Walt Disney, and Will Smith.
ESTJ, The Executive:
ESTJs are decision oriented. While the ENTP and ENFP are primarily dreamer types, the ESTJ is less visionary and more realistic. They are the ones who get things done. Unlike the other entrepreneur types, ESTJs lead with their decision-making function, and making difficult calls comes relatively naturally to them. It’s not that ESTJs are power hungry, it just so happens that they are comfortable making the hard calls that most people try to avoid. Because of this unique quality, everybody else on their teams can work effectively. Before you know it, they’ll be running the company. ESTJs are great leaders, several have served as former presidents of the United States! (It is helpful to have a world leader that doesn’t shy away from challenges.)
Famous ESTJs: John D. Rockefeller, Lyndon B. Johnson, and James Monroe.
ESTP, The Entrepreneur:
ESTPs are a fantastic mix of entertainment and intelligence. They leap before they look, and they fix their mistakes as they go. They have a high tolerance for risk, and they can often get themselves out of sticky situations on the fly. ESTPs love to have fun, and for these extraverted types that means being around as many people as possible. They serve the community by being the de facto social chair. The ESTP has been branded the “tycoon” since their element is both negotiating contracts and hosting events.
Famous ESTPs: Winston Churchill, Donald Trump, and Peter Schiff.
Now if you have an entrepreneurial heart, but don’t fall into one of these four categories, don’t stress! Nobody ever fits completely into the box of a personality test. What is your personality type? Let me know in the comments below!
Close to you Billy, I’m an INTP, “The Architect”. I find coming up with ideas easy, but executing them difficult.
The idea people are what make life exciting! But, executing those ideas are just as important. That’s why working with others is so important, everyone brings something different to the table. Keep on coming up with those ideas!
Thank you for offering us this tool! It is equally daunting and humbling. However: knowledge of these attributes is key to understanding our strengths and weaknesses. Thank you again! We, my husband and I, are soaking in all your materials we can possibly find and our goal is to attend one of your conferences.
Cindy, I hope to see you and your husband at our upcoming WealthBuilder Conference in February! I’m glad you and your husband are enjoying it all!
ISFJ -T The Defender
I’m gonna need to study this out…
Doris, You can google “ISFJ The Defender” and you will have access to blogs, articles, podcasts and books all about your personality type!