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The 3 Types of Entrepreneurs: How to Become a Millionaire

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Have you ever looked at another entrepreneur and thought, “How do they think like that?” Or sat and looked in awe at how they ran their business? There are all kinds of people on the planet with multiple personality types, each with their own strengths and weaknesses.

As entrepreneurs, there are three main types of personalities that emerge. Not only will you find out which personality type is yours, but you’ll learn the strengths and weaknesses of each type. And most importantly, you’ll learn what to do to leverage these personality types into millionaire status. 

The intellectual

Intellectual entrepreneurs are usually expert strategists. They focus on planning, strategizing, and detailing out what needs to be done. This entrepreneurial type often loves their spreadsheets, systems, and processes (and is a genius at creating ways for things to run more efficiently. Operations, tactics, and statistics are where these entrepreneurs succeed. 

The downside? Intellectually based entrepreneurs struggle with being more creative and tuning into their more intuitive side. They can also be a little more regimented, which can make it more difficult for their audience to feel emotionally connected to them. 

For intellectual entrepreneurs to thrive, they need to work on developing their intuitive side. That will help their audience to bond with their content and allow their personality to shine. 

You’re most likely an intellectual entrepreneur if you lose yourself in strategy, see the patterns in events and behavior, and understand how systems and processes work in a way that leaves most people mystified.

“Because the people who are cray enough to think they can change the world are the ones who do.” – Steve Jobs

The intuitive

Intuitive entrepreneurs are people who excel at connecting with others. These entrepreneurs are often healers, spiritual mentors, and other people who deal with the human mind, body, and spirit. One of their strengths is their innate ability to relate to other people. They often understand emotions and make their audience or clients feel supported. Intuitive entrepreneurs have important missions, visions, and purpose, however, there are a few key areas where they struggle. 

These entrepreneurs are likely to throw up a sales page for their offer and a week later, look at their screen baffled at the realization that they’ve made zero sales. Yet, they didn’t properly market their offer. 

Intuitive entrepreneurs can feel the power and magnitude of their work, but they don’t always know the best way to get it into the hand of the people who need it. This can be extremely frustrating for this type of entrepreneur because they know that what they have to offer could change lives. But they really struggle to wrap their heads around the systems, processes, and structures of their business to create the results they want. In some cases, this type of entrepreneur can also struggle with the grit required to get through the harder parts of their business. 

In order for intuitive entrepreneurs to grow successful businesses, they need to develop their understanding of things like marketing, systems, and processes. This is to ensure that the mission of the entrepreneur has the right foundation to successfully launch their message and get it into the hands of the people who are ready to buy. 

You’re most likely an intuitive entrepreneur if you feel deeply connected to your actual work and the people that you serve/what you offer the world, but you can struggle to understand the business side of things. 

The willful 

Willful entrepreneurs are your classic hustlers. They have phenomenal tenacity, grit, and persistence. These are the entrepreneurs that get back up almost as quickly as they’ve been knocked down. Willful entrepreneurs may not think of themselves as the smartest or most attractive, but they without a doubt win the most determined award. 

However, while having the will to move forward is a must on the entrepreneurial journey (if you’re going to go the distance), then you need other tools in your back pocket. A willful entrepreneur who does not have the intuitive skills to find their alignment will continue creating messy situations and mistakes in business. If they also don’t have the intellectual side to put all of their energy and gusto into a system that can work for them, the business will not run smoothly. So while being a willful entrepreneur is to have a lot of power and momentum at your disposal, it’s also unchecked by the attributes that properly direct that energy. 

You’re most likely a willful entrepreneur if you get into the hustle and know how to make it happen. If you fall down six times and get up seven without losing much of a beat—you’re probably a willful entrepreneur. 

The triad

The triad is the holy grail of entrepreneurship. This is the secret to becoming a millionaire. When you learn all three mindsets of each entrepreneur type, you become unstoppable. In this scenario, the triad’s willfulness will carry them through the trials and tribulations (and there will be many) of owning a business. At the same time, that energy, brava, and tenacity will be channeled through systems, processes, and strategies that allow the business to grow beyond the entrepreneur. When combining those tools with the ability to intuit and align with the right decisions for the business—that’s real power. 

It’s not any one of these things that creates a millionaire entrepreneur. It’s in cultivating all of them that you reach millionaire status.

Scott Oldford is an author, business advisor, investor, and serial entrepreneur with nine successful companies. Scott grew up as an entrepreneur, opening his first business at 7-years-old. He’s since turned his more than 20 years of experience in marketing, advertising, and scaling into valuable resources that help entrepreneurs and companies grow past the $10 million dollar mark with sustainable business models. Scott has supported hundreds of thousands of business owners around the world on their entrepreneurial journey using his proprietary methods: The Relevancy, Omnipresence, and Intimacy Online Marketing & Sales Method and the Nuclear Effect. Scott has sold over 50,000 copies of his books and amassed over 750,000 email subscribers in the past five years alone. Scott’s insights have been featured in Forbes, Success, Inc., Business Insider, Entrepreneur, Money, and more. If you’re looking to scale your online business, then click here to learn more: www.thenucleareffect.com/4frameworks

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Business

The Entrepreneur’s Reading List That Transforms Ideas Into Empires

These must-read titles and writing insights reveal how entrepreneurs turn bold ideas into empire-level success.

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top entrepreneurship books for business growth
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Entrepreneurship is powered by stories—of accomplishment, failure, and decision moments that define businesses. Books are maps, providing insight from individuals who’ve traversed the road ahead. (more…)

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Entrepreneurs

The Leadership Shift Every Company Needs in 2025

Struggling to keep your team engaged? Here’s how leaders can turn frustrated employees into loyal advocates.

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Bridging the gap between employees and employers
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In workplaces around the world, there’s a growing gap between employers and employees and between superiors and their teams. It’s a common refrain: “People don’t leave companies, they leave bad bosses.”

While there are, of course, cases where management could do better, this isn’t just a “bad boss” problem. The relationship between leaders and employees is complex. Instead of assigning blame, we should explore practical solutions to build stronger, healthier workplaces where everyone thrives.

Why This Gap Exists

Every workplace needs someone to guide, supervise, and provide feedback. That’s essential for productivity and performance. But because there are usually far more employees than managers, dissatisfaction, fair or not, spreads quickly.

What if, instead of focusing on blame, we focused on building trust, empathy, and communication? This is where modern leadership and human-centered management can make a difference.

Tools and Techniques to Bridge the Gap

Here are proven strategies leaders and employees can use to foster stronger relationships and create a workplace where people actually want to stay.

1. Practice Mutual Empathy

Both managers and employees need to recognize they are ultimately on the same team. Leaders have to balance people and performance, and often face intense pressure to hit targets. Employees who understand this reality are more likely to cooperate and problem-solve collaboratively.

2. Maintain Professional Boundaries

Superiors should separate personal issues from professional decision-making. Consistency, fairness, and integrity build trust, and trust is the foundation of a motivated team.

3. Follow the Golden Rule

Treat people how you would like to be treated. This simple principle encourages compassion and respect, two qualities every effective leader must demonstrate.

4. Avoid Micromanagement

Micromanaging stifles creativity and damages morale. Great leaders see themselves as partners, not just bosses, and treat their teams as collaborators working toward a shared goal.

5. Empower Employees to Grow

Empowerment means giving employees responsibility that matches their capacity, and then trusting them to deliver. Encourage them to take calculated risks, learn from mistakes, and problem-solve independently. If something goes wrong, turn it into a learning opportunity, not a reprimand.

6. Communicate in All Directions

Communication shouldn’t just be top-down. Invite feedback, create open channels for suggestions, and genuinely listen to what your people have to say. Healthy upward communication closes gaps before they become conflicts.

7. Overcome Insecurities

Many leaders secretly fear being outshone by younger, more tech-savvy employees. Instead of resisting, embrace the chance to learn from them. Humility earns respect and helps the team innovate faster.

8. Invest in Coaching and Mentorship

True leaders grow other leaders. Provide mentorship, career guidance, and stretch opportunities so employees can develop new skills. Leadership is learned through experience, but guided experience is even more powerful.

9. Eliminate Favoritism

Avoid cliques and office politics. Decisions should be based on facts and fairness, not gossip. Objective, transparent decision-making builds credibility.

10. Recognize Efforts Promptly

Recognition often matters more than rewards. Publicly appreciate employees’ contributions and do so consistently and fairly. A timely “thank you” can be more motivating than a quarterly bonus.

11. Conduct Thoughtful Exit Interviews

When employees leave, treat it as an opportunity to learn. Keep interviews confidential and use the insights to improve management practices and culture.

12. Provide Leadership Development

Train managers to lead, not just supervise. Leadership development programs help shift mindsets from “command and control” to “coach and empower.” This transformation has a direct impact on morale and retention.

13. Adopt Soft Leadership Principles

Today’s workforce, largely millennials and Gen Z, value collaboration over hierarchy. Soft leadership focuses on partnership, mutual respect, and shared purpose, rather than rigid top-down control.

The Bigger Picture: HR’s Role

Mercer’s global research highlights five key priorities for organizations:

  • Build diverse talent pipelines

  • Embrace flexible work models

  • Design compelling career paths

  • Simplify HR processes

  • Redefine the value HR brings

The challenge? Employers and employees often view these priorities differently. Bridging that perception gap is just as important as bridging the relational gap between leaders and staff.

Treat Employees Like Associates, Not Just Staff

When you treat employees like partners, they bring their best selves to work. HR leaders must develop strategies to keep talent engaged, empowered, and prepared for the future.

Organizational success starts with people, always. Build the relationship with your team first, and the results will follow.

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Entrepreneurs

What Makes an Entrepreneurial Leader? Traits of the World’s Best Innovators

Inside the mindset of entrepreneurial leaders who transform risk, passion, and vision into world-changing results.

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entrepreneurial leadership skills and traits
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When you think of Richard Branson (Virgin Group), Bill Gates (Microsoft), Steve Jobs (Apple), Rupert Murdoch (News Corporation), and Ted Turner (CNN), one thing becomes clear: they are not just entrepreneurs, they are entrepreneurial leaders. (more…)

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Entrepreneurs

Building a Business Empire: Lessons from the World’s Boldest Entrepreneurs

Learn essential lessons, success strategies, and mindset shifts every aspiring entrepreneur needs to overcome challenges and build a thriving business.

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how to build a business empire
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Back in July 2017, I attended a business seminar on entrepreneurship in India. With my appetite for learning and meeting new people, I wanted to explore the latest developments in the entrepreneurial world. (more…)

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