Success in Business Survival

Following on from my last post about the results of my entrepreneurial profiling test which drew lots of comment, here are the entrepreneur types who are MORE LIKELY to still be in business after the crucial and most difficult early first 3 years (together with my suggested reason why):

Alphapreneur (very assertive, highly ambitious and ruthless)
Bosspreneur (short term deal driven)
Dadpreneur (have built a lifestyle businesses out of a previous corporate existence where they were highly successful)
Passionpreneur (high energy, able to attract the right people and support to help them push through problems)
Sociopreneur (refuse to give up on their mission)

And the types who are LESS LIKELY to survive the first 3 year 'start up' phase:

Execpreneur (used to the corporate support system; build in way too much overhead early on instead of focussing on sales)
Mumpreneur (realise business takes a lot more time and committment than they first thought)
Safepreneur (give up when the going gets tough)

The above is not to say that these types cannot achieve business success - I'm simply highlighting the strengths and weaknesses of each type. Two thirds of all UK business start ups fail; we need to try to find ways to reduce the failure rate.

Self understanding is a good start.

Scores on the Doors

I have been asked to let you have a full run down of the results of my Entrepreneurial Profiling Test so far, this is latest stats 1 September to date, now based on c2500 people:

Alphapreneur (money driven) 6%
Bosspreneur (control freaks) 4%
Dadpreneur (lifestyle orientated) 24%
Execpreneur (corporate animals) 33%
Mumpreneur (family comes first) 20%
Passionpreneur (driven by doing what they love) 2%
Safepreneur (risk averse) 6%
Sociopreneur (want to change the world for the positive) 4%
Ultrapreneur (ultra high achieving philanthropists) less than 1%

For more info on how the test works click here

Regards

Rachel

Cheap - but at what price?

The front page of today's Sunday Times reveals that at least some of retail tycoon Philip Green's vast fortune is coming from the exploitation of Far East Workers, who are being paid as little as £25 for a 70 hour week to produce the latest Top Shop fashion ranges.

Elsewhere in the same paper, we read that accountants Grant Thornton have just brought out a report showing that the major supermarkets are abusing their powers to put food suppliers under.

Personally, I don't think the blame lies with Philip Green or with Tesco et al. There will always be capitalists ready to take commercial advantage of any situation.

The blame actually lies with us as consumers.

While we continue to opt for cheap cheap cheap, the 'alphapreneurs' will be more than willing to supply it.

Whatever the (human) price.