What Kind of Entrepreneur Are You?

What's Your Startup Style? In 2009, in just 59 countries studied by the Global Entrepreneurship Monitor, 110 million people between the ages of 18 and 64 responded they were in the process of starting businesses . Behind all great startups are great entrepreneurs who struggle to get their businesses off the ground, from the 15-year-old overachiever to the supermom, each with a defining style. The Whiz-Kid Triple-majoring in computer science, physics, and art while running a profitable Web application company. Of course, you always make time to ride your bike and play D&D with your friends. Poster child: myYearbook.com Co-Founder - Catherine Cook Physics C.E.O. The Unwashed BrainiaC Who has time for a shower, a shave, or a wash when you're compiling databases? Not you. Poster child: GÑU Project Creator - Richard Stallman The Crunchy CEO Trading Oxfords for a pair of Birkenstocks, you started a business to address a pressing social or environmental need. You fight for the whales, sick puppies, and everything else that needs a champion. Poster child: The Body Shop Founder - Anita Roddick Work at Home Mom Cashing in on Google's Affiliate Network with a successful mommy blog and online store. Poster child: Author and Dooce.com Founder - Heather B. Armstrong The Pajamapreneur While the rest of the world runs off to their "9 to 5" in a suit and tie, you're at home in fuzzy slippers and fleece pajama bottoms sending out proposals. You haven't worn real clothes in, well, who needs real clothes anyway? Poster child: LinkedIn The No Pantspreneur Skype is your main method of client communication to make sure you're only visible from the waist up. Important tip: Don't stand up during a call! Poster child: Digg.com Co-Founder – Kevin Rose Co-Founder and Executive Chairman – Reid Hoffman The Technophile Even more impressive than your passion for your business is your need to run it using the latest gadgets. You believe that while it takes a village to raise a child, it takes Apple's entire catalog to run a business. Poster child: Apple, Inc. Co-Founder - Števe Wozniak The Schmoozer You're a Master Networker. Always attending business events while on the hunt for the next great idea or...any idea. Who cares if it's not yours? Poster child: Former Facebook.com President & Napster Employee - Shawn Parker The Lifestyler Work hard, play hard. That's your mantra, passed down to you from Tim Ferriss. Who are you kidding? Your business is really an excuse to enjoy a laid-back lifestyle. Poster child: Playboy Enterprises Founder and CCO - Hugh Hefner MyCompany.com The Showman You wear your brand on your sleeve – literally! Poster child: Google.com Founders - Sergey Brin & Larry Page MyCompany.com M.N. No Matter What They Look Like, Entrepreneurs Make the World Go Round In the United States, net job growth is fueled by startup firms. Between 1977 and 2005, startups added an average of 3 million jobs per year. Existing firms lost 1 million jobs net combined per year. South Dakota, Nevada, Texas, Wyoming and Washington are considered the most entrepreneur-friendly states. Entrepreneurs come from all walks of life • 57.1% of starting entrepreneurs are between 25 and 44 years old; 10.3% are 55 or older • 65% of starting entrepreneurs have not obtained a four-year college degree 57.1% 65% • 64% of starting entrepreneurs make between $21,000 and $80,000 per year • Genetics can account for 37% to 48% of the difference between people in the tendency to be an entrepreneur up to 64% 48% But regardless of their different styles, they have one thing in common: Dedication • 86% of starting entrepreneurs create their businesses from personal motivation (autonomy, wealth, achievement and respect), not necessity • Entrepreneurs contributed 9.9 9.9 9 Billion 3 Hours 86% billion hours of uncompensated time to launch their businesses in 2005 Sponsored by: Sources: "Born Entrepreneurs, Born Leaders: How Your Genes Affect Your Work Life" by Dr. Scott Shane | GEM Consortium | Inc.com | Kauffman Foundation | U.S. Treasury | Global Entrepreneurship Week | SBE Council | U.S. News & World Report | U.S. Small BizSugar Business Administration