Most successful entrepreneurs around the world today are introverts. This is because introversion produces a number of distinct benefits. Introverts tend to hear more than they talk, which is great for collecting feedback and understanding customers. While the most successful entrepreneurs tend to be introverts, there are a greater number of extroverted entrepreneurs.
Outwardly confident, eye-catching and articulate, the extroverted entrepreneur finds it easy to convince people to buy his business, and he is a networking expert. They'll probably find things a lot easier, especially in the start-up phase, where it's important that both you and the people you employ believe relentlessly in what you're doing. UK Is a Nation of 'Entrepreneurs', New Virgin Money Research Says. One-third (36 percent) of entrepreneurs surveyed described themselves as introverts, compared to only 15 percent who said they were all-out extroverts.
The findings are part of Virgin Money's campaign to celebrate the “Upstarts”, the people who have taken the leap and launched a business on their own. Finally, one of the biggest differences between introverts and extroverts is in how they view and consider others. Most extroverts tend to focus on expressing and executing their own ideas, while introverts focus on the thoughts and actions of others. As an entrepreneur, introverts are naturally used to analyzing each other's ideas, offering thoughtful feedback, and organizing what others bring to the table.
The main character traits among 1000 small business owners and real-life entrepreneurs surveyed across the UK were consideration (62 percent), flexibility (61 percent) and consideration (57 percent), qualities typically associated with the most introverted personality types. So what about entrepreneurship? Both introverts and extroverts can be business owners, but how is each different in their approach? What are its strengths and weaknesses? There is a third personality type called an “extroverted introvert” that many entrepreneurs belong to. Because of their insular nature, introverts tend to have smaller networks, and their aversion to attention means that they are not good at self-promotion and actively push their businesses into the public sphere. Persuasion and the ability to change mindsets is key in marketing for an entrepreneur, and extroverts tend to have an advantage in their ability to persuade others.
Entrepreneurship is also a great way to learn and understand those areas where you may need to work. To address these weaknesses, the introverted entrepreneur must, first of all, start a business that focuses on creative thinking and independence, and one that does not require him to be the public face of the company. The main character traits among the 1000 small business owners and real-life entrepreneurs surveyed across the UK were consideration (62%), flexibility (61%) and consideration (57%), qualities typically associated with more introverted personality types. As an introverted entrepreneur, you can apply Grant's findings to your own business by encouraging employees to talk and make suggestions.
Not all entrepreneurs have personalities that exude optimism, but they all possess it deep down, largely because of this ability for detached and tenacious experimentation. The account has been designed for entrepreneurs, start-ups and small businesses with an annual turnover of less than £1 million, and is digital-first so that people can access their online business account however they want and wherever they are. Some of the most extroverted entrepreneurs may have an air of certainty and self-possession, but they are more likely to admit they are wrong than you imagine. Crowded rooms and small talk are never comfortable for introverts, however, if you want to introduce yourself and your business, you'll find yourself in the middle of both.