What Kind Of An Entrepreneur Are You?

Quiz Questions

• 1.
  Which of the following would you rather have?

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  • A.
    The ability to create more ideas faster.
  • B.
    To see into the future.
  • C.
    More people to work with who are just like me.
  • D.
    More resources to develop ideas freely.
• 2.
  When you think about the future, consider your opportunities, and evaluate your potential for success, what do you see?

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  • A.
    I see my future as uncertain. The world is changing quickly, and it’s becoming increasingly difficult to make a good living.
  • B.
    Opportunity to profit is increasing but along with opportunity, competition is increasing as well. Today success is harder to achieve.
  • C.
    It’s easier than ever to develop new ideas, but the resources I need to succeed are becoming increasingly scarce.
  • D.
    I believe nothing is truly scarce and I know that access to key resources is abundant.
• 3.
  How do you set goals and plan for the future growth of your career, business, or entrepreneurial ventures?

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  • A.
    I set goals I know I can achieve. I shoot for a steady growth rate of 5-10% per year, slowly building my wealth while minimizing risk.
  • B.
    I frequently have bold ideas I’d like to try, but I face setbacks nearly every time I try them.
  • C.
    When I set a goal, I “shoot for the moon,” but I haven’t been able to put together the resources I need to help me succeed.
  • D.
    I set big, hairy, audacious goals (BHAG) and shoot for massive, exponential growth. I frequently achieve the goals I set.
• 4.
  What is your purpose as an entrepreneur?

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  • A.
    My goal is to make money. I pursue any business opportunity that helps me make money, even if it doesn’t inspire me.
  • B.
    I dream of starting a passion-based business, but many of my interests simply aren’t viable money makers.
  • C.
    Business is a means to generate cash. I believe in my ability to do good in the world and I use some of the money I make to help others and chase my dreams.
  • D.
    Passion, purpose, and a drive to transform the world guide my business.
• 5.
  Choose the closest example that describes your idea generation and implementation process:

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  • A.
    I constantly study what other people are doing and I frequently implement the proven strategies of other entrepreneurs.
  • B.
    I use proven techniques to build, grow, and scale my business, but they never seem to work as well as the case study examples I read about.
  • C.
    I’m an “idea machine.” I frequently come up with new ideas, but I rarely have the time to implement them.
  • D.
    I democratize the idea creation process. I’ve developed a diverse team, and I constantly encourage them to present new ideas and perspectives.

Quiz Outcomes

• 1.
  The Exponential Entrepreneur

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  An Exponential Entrepreneur understands exactly how fast our globalized world is changing. You’ve abandoned linear thinking and have embraced the idea that you’re either disrupting an old business model or you’re the one being disrupted. Setting “moonshot” goals is your standard and you’re not afraid of failure. Your only mission is to always fail forward, taking risks few in your industry are willing to take. Members of your team truly understand there are no bad ideas and the people you choose to work with are free to innovate at will, even if it breaks the rules of established business culture. Following the lead of the latest business development research, you and your team strive to achieve intrinsic goals. You often find yourself motivating your team by igniting passion for a project rather than offering bonuses and rewards. Everyone on your team is aligned with a clear transformative purpose—one that defines all decision making. You understand that nothing is truly scarce and new technology is creating abundance. The world is ripe for opportunity and you’re capable of achieving more now than ever. Technology is increasing your margins and market share. Community, crowdsourcing incentives, and crowdfunding may play key roles in your business. Experimentation has become essential for your success and you often measure success by the number of experiments you’ve run each quarter rather than profit gains. Failure is something you embrace, not a threat to worry about. Overall, you’re excited to innovate and move forward into a bright future. Mastering the power of exponential thinking takes time, but as an aspiring Exponential Entrepreneur, you’re on the right track.
• 2.
  The Survivor

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  The Survivor plays by the rules of the past. For you, progress is about slow and steady growth. You set conservative goals you know you and your team can accomplish and a good year is defined by the old industry standard of 10% growth (and maybe a little more). Driven by profit and fueled by the dream of wealth, you run your business for money, perhaps taking on less than desirable clients, working on projects you’re less than passionate about, or embracing business opportunities for the money alone rather than your personal interests. It’s likely you’re using a step-by-step, linear process to guide your current business and new entrepreneurial ventures. Think for moment about how you set goals, make decisions, and define success. Every process, solution, and idea is implemented one step at a time. Like counting from one to ten, you map out to-do lists for your team and create short term, easily achievable goals, with long-term destinations leading from them. You know where you’re going, but instead of “shooting for the moon,” you play it safe—copying and pasting the proven models of other entrepreneurs. Somewhere deep down you’re worried about your business failing, about falling behind as you watch so many startups and other entrepreneurs in your industry jump ahead in great leaps, accomplishing 200%, 300%, even 1,000% or more growth than you. Will your business stay afloat? It depends on how well you match the pace of invention, innovation, and new ideas. Yes, you study. Sure, you’re successful. But you’re still just surviving. We’re living in a world that’s rapidly changing and right now, you’re watching it pass you by. You can either change with the world, or wait while the world leaves you behind.
• 3.
  Roller Coaster Entrepreneur

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  We’ve all felt it before—the excitement of a new venture, the prospect and promise of incredible profit, a sure-fire idea fueled by your passion and purpose—it happens to all entrepreneurs when we think we’ve found everything we’re looking for. You start the climb, riding high in the clouds. Nothing can you stop you. Until an inevitable setback rears its ugly head and takes everything away. You see chances to profit everywhere, every day you discover new opportunities, but it’s becoming increasingly difficult to stay motivated after experiencing defeat one too many times. Occasionally, it feels like all of the bold ideas in the world are destined to fail. And then you look around and think about the number of up and coming entrepreneurs who completely transform their industry (and maybe even the world), profiting through a passion and pursuit of big “moonshot” ideas. Your next idea comes, a new business opportunity looms around the corner, and you take it. But each and every time, a new obstacle sets you up for failure and your perfect plan turns into a perfect storm, ripping through your passion, and destroying your dreams. You’ve had profitable months and even years. You’ve had some highs. But you’re sick and tired of the setbacks—the “lows.” The scariest part may not even be the failure you experience or the discouraging looks of your friends, your family, and your peers who hate to see you fail again and again. No. The worst part might actually be what you tell yourself. And in the end, the chance that you may just stop chasing your entrepreneurial dreams. Why does it seem like some people are able to create infinite ideas capable of transforming the marketplace and changing the world as we know it?
• 4.
  The Time-Crunched Trailblazer

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  What do you have in common with Oprah, Richard Branson, and Elon Musk? You have the same 24 hours a day, 7 days a week, and 365 days in a year as they have. The only thing is, they accomplish at minimum 1,000x more each and every day than you’re currently capable of. As the Time-Crunched Trail Blazer, you have plenty of ideas. Big, bold, “moonshot” goals so audacious that they just might be able to change the world. Fueled by your passions, your interests, your desire to profit and keep moving forward, you’re always on the lookout for new information, ideas and perspectives. You try to stay ahead of the game, and often, you do. You believe your ideas can be insanely profitable, and you’re right. Some of them you can even scale infinitely, growing your wealth, improving your life, satisfying all of your dreams. But at the end of the day, you realize there’s just not enough time to get everything done. Your mentors may have told you it’s because you need to delegate better. They remind you “you can’t do everything yourself.” You’ve practiced hiring the best team you can, you’ve put excellent people around you, but still you’re stuck wishing there was more time in the day. Do you ever wonder how guys like Richard Branson do it? If you’ve ever thought that they were able to create more time out of thin air—you’re right. There is a way to create more time in the day. And today’s thought and business leaders are using it to accomplish much more than you could ever imagine is possible. Leveraging the power of exponential thinking and abandoning linear growth processes, you can build a business empire just like Richard Branson—one that makes others ask you: “Where do you find the time?”