Three Self Assessments for Young Entrepreneurs
Jan. 29th 2010
Entrepreneurs experience failure an average of 3.2 times before finally being successful. From working with many entrepreneurs, especially young entrepreneurs, I believe a major factor in not being successful the first time is not truly knowing yourself.
Every year I update a personal inventory as part of my overall personal strategic plan. This strategic plan is separate from the strategic plan for my business. Having an updated personal inventory is helpful when I need to make tough decisions as an entrepreneur.
These are three self assessments you can get started with:
1. Personality Type Assessment -This is an important self-assessment because your personality type is a good indicator of your strengths and weaknesses. As an entrepreneur you need to lead your business with your strengths and find other talented people who can compensate for your weaknesses.
2. Entrepreneurial Self Assessment -This assessment measures you based on 3 criteria: motivations, aptitudes and attitudes. There is no “passing grade” but the assessment results give you some good insights and compare your results to other entrepreneurs.
3. Think and Grow Rich Assessment -This is the ultimate personal assessment. It was first presented by Napoleon Hill in his timeless book, Think and Grow Rich, a must read for entrepreneurs. John Dilbeck posted the assessment on his blog and goes through each question in painstaking detail.
Do you keep a personal inventory? Do you have any recommendations for self-assessments?
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Good afternoon, Natalie.
Thanks for linking to Napoleon Hill’s assessment questions on my blog.
I’ve made a habit of answering these questions every few years for about three decades now, but this is the first time I’ve ever answered them in public.
I was going through a difficult time last year when I started writing about these questions on my blog and I think it shows, but I believe things have turned the corner and are starting to get better. Focusing on the positives and eliminating as many negatives as possible have really helped.
Thanks, again.
Act on your dream!
JD
Thanks for your note John. I think that’s a really good lesson: “Focus on the positives and eliminate as many negatives as possible.” I’ve enjoyed going through your breakdown of Napoleon Hill’s assessment especially since I’ve been doing the Think & Grow Rich assessment for a few years now. Thanks so much for sharing!