I have been working with a lot of Entrepreneurs over the last 6 years as a consultant, a business leader, and one myself. There are two types of Entrepreneurs and I have definitions for them:
1. Successful Entrepreneur
2. Unsuccessful Entrepreneur
3. New Entrepreneur
Not very catchy definitions are they? Let me define them based on their characteristics because the New Entrepreneur out there could save them self a lot of headache if they look for behavior that generally leads them to failure.
These guys are easy. They know the game. They understand why you build a business. They do it over and over again because they love the challenge. They are not in it for their egos, the idea, or the need to have President on their business card. They do it because they cant do anything else, but build things and then sell it off. They get it started, then hand it off to people to run it.
Things just don’t work out for the Unsuccessful Entrepreneur. More often than not, they keep on trying, and get it a little more right next time. Eventually, some become successful. ...