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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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Entrepreneurs

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How You Can Start Networking in Style in 2023

By investing your time and effort in networking, you will gain more business through the relationships you make

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Are you completely new to networking?

Then this article is a great place to start. Networking isn’t hard on paper…you go along to online and in-person meetings, make new connections and build relationships, and those relationships lead to more work so you can grow your business! The challenge is that in reality, it isn’t quite so straightforward, as our emotions get involved and make things much tougher.

It’s incredibly common for nerves to creep in and to feel overwhelmed and apprehensive when it comes to networking – even when it isn’t new to you. But how can you become more successful at it, feel less self-conscious, and make networking work for you and your business?

Here’s a few tips to help you embrace every business networking opportunity you get, so you can grow your business and achieve your goals.

Rock up with confidence

If you want to keep those nerves at bay and ooze confidence at networking get-togethers, you’ll need to downplay it rather than seeing it as a big occasion. Try not to put pressure on yourself and see it as a casual meet-up with a bunch of people with similar goals to you. To help you relax in the run-up to the event, be sure to set achievable goals and expectations before you go.

Keep your chin up and your goals in mind – positivity is key. One easy goal for your first networking meeting is very simply to speak to one other person and see where the conversation goes. Introduce yourself and your business, but take the time to listen to their story, too. It’ll only take a few minutes and will be over before you know it, so it’s nothing to fear. You may even enjoy it and want to speak to a few more people, too!

“You can close more business in two months by becoming interested in other people than you can in two years by trying to get people interested in you.” – Dale Carnegie

Where to go networking

If you’ve never been networking before, it might not be very easy to find a group – but only because there’s so much choice and you don’t know where to start your search! Groups come in different sizes and styles, so it’s important to find one that suits you and your business. Informal, formal, big, small… the choice is yours.

For your first meeting, start small to ease yourself in – a big group could prove too daunting, and stop you from feeling comfortable enough to get involved. After all, you want to make a strong first impression!

If you’re wondering which group to opt for in the long-term, give a few a go! Get a feel for them, speak to as many people as you can, and see which one suits! You’ll know when a group feels right for you, and you can see where those all-important relationships are most likely to be built. If a group doesn’t feel like the right for you, give a different one a go.

Get more leads and referrals

This will happen for you, as long as you put the effort into building those relationships. If you take the time to get to know people, and then check in with them and support them, they’ll see you as a trustworthy and reliable contact who they can call on. And when they feel that way, those leads and referrals you’re looking for will come a-knocking.

Once you’ve made relationships with people who you trust, and they’ve had a positive experience working with you, you can even ask for referrals! But don’t rush this, as you don’t want to inadvertently push people away or try and force the relationship along too quickly.

When you do get an opportunity to work with someone you’ve met at a networking group, go above and beyond to offer more value than they’re expecting, as then, they’ll be much more likely recommend you and introduce you to more of their contacts!

Grow your business

By investing your time and effort in networking, you will gain more business through the relationships you make, and you will be able to grow your business.

We know that it’s not easy, going networking for the very first time. And that’s why we want to give you all the advice and tools that you need so you can walk in with confidence and make the most of the opportunity.

2023 is just around the corner, and you have the chance to make it the year you make networking work for your business. And the benefits could be incredibly amazing for your business, just like they have been for ours, and many business owners we have worked with over the years.

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