Tuesday, June 2, 2009

I recently read the Economist's special report on entrepreneurship. It contains an interesting snapshot of the psychological traits of entrepreneurs.
  • They are unusually, excessively confident. They know they will turn their dream into reality. This confidence raises the probability of success but also creates forecast expectations that are rarely met.
  • Entrepreneurs are hugely attached to their companies. Which is great because they will do almost anything for "their baby". However, it also creates difficulties when it is time to hand over the reigns to others.
  • They are very tolerant of risks which is a very good thing because there are loads of risks!
  • Now this one is fascinating. In a study done by Cass Business School in London they discovered that a disproportionate number of entrepreneurs are dyslexic. Included in this group are Richard Branson, Ted Turner and Henry Ford. For those who like facts ~ 20% of British and 35% of American entrepreneurs are dyslexic.
By the way the Economist is a superior weekly news magazine that covers world events and issues (www.economist.com).

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