What to make of the investor entrepreneur? We are a strange breed; investopreneurs. When speaking to non-investopreneurs something just does not click. They just do not seem to relate to the world in the same way as we do. Is this fact or just perception?
Well, research has shown that it is fact. In an article written for Forbes Magazine, Mathew Harper examined two of the world’s most successful entrepreneurs; John Simplot and Bill Gates.
Eighty years ago, a 14-year-old John R. Simplot ran away from home because he was sick of milking cows. Eventually he built a fortune growing potatoes; he still supplies McDonald’s with french fries.
Sixty years later, Bill Gates dropped out of Harvard to run a small startup called Microsoft. Now, of course, he's the richest man in the world.
What do these two men have in common? Or better yet what do they share that the rest of humanity does not? Until recently, the widespread belief was that entrepreneur’s are a bunch of ultimate risk takers that through caution to the wind.
A recent study by Kelly Shaver, a professor of psychology at William & Mary College found that this theory is mostly incorrect. From his data, Shaver and others have been able to draw some basic conclusions. For instance, entrepreneurs and normal people seem to worry equally about financial independence and/or a feeling of being motivated in their jobs. Neither a need for financial, nor personal independence seems to have caused any of these people to start their own business. Nor, do the entrepreneurs seem to be devil-may-care risk takers. Only a subtle difference in the way they appreciate risk emerged. Entrepreneurs are simply worse at coming up with reasons they might fail. So far there is only one other big difference between those who go into business for themselves and those who don't. Shaver found that entrepreneurs don't care what other people think about them. They just do not concern themselves with other people opinions.
Statistically speaking, then, Simplot and Gates and we investopreneur’s would seem to have two things in common: We have trouble imagining failure, and we don't care what anyone thinks.
Why is this important to understand? Well, having this understanding might help us to explore our inner motivations. Maybe here we can discover just what is holding us back or not, from taking the necessary leap to meet our goals.
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Lori Young
Valley Realty
Owner/ CEO Roof Top Investment
Real Estate Investment
http://www.rooftopprofitmax.com/
