For someone who is planning to pursue entrepreneurship, he/she has a lot to think about and consider. One of these is whether his/her personality and the people he/she will hire will fit to the job. No one wants to start on something only to find out that he/she quits in the middle. You do not want that either.
The Myers-Briggs Type Indicator, despite of several professionals and people groups questioning its credibility, has been extensively useful in identifying and categorizing certain personality types. For nearly 50 years, it has been hailed as the “gold standard of psychological assessments” in business. Coaches have used it to determine whether a person will be fit for the career and will succeed in the long term.
The Myers-Briggs model uses these four sections (from their website):
- Favorite world: Do you prefer to focus on the outer world or on your own inner world? This is called Extraversion (E) or Introversion (I).
- Information: Do you prefer to focus on the basic information you take in or do you prefer to interpret and add meaning? This is called Sensing (S) or Intuition (N).
- Decisions: When making decisions, do you prefer to first look at logic and consistency or first look at the people and special circumstances? This is called Thinking (T) or Feeling (F).
- Structure: In dealing with the outside world, do you prefer to get things decided or do you prefer to stay open to new information and options? This is called Judging (J) or Perceiving (P).
One can immediately tell that a person who is ENTP will be most likely to be a successful entrepreneur. Although this is true on paper, the reality is that different personality types must exist in a business for it to progress and grow. Technology and methods of entrepreneurship has grown to such lengths that even the most introverted people can be successful (through online business and the like).
One important implication of the Myers-Briggs test is that through this, companies have identified the working behavior of their employees, and have taken steps on improving their relationships and office culture for them. It resulted to improved productivity.
At the end of the day, personality types should not be your sole factor whether you will enter in the world of entrepreneurship or not. There is no best personality type in entrepreneurship. You can be successful regardless of what personality type you have.
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