Rochester Startup Blog written by Lee Drake

20 questions to determine if you’re cut out to be an Entrepreneur…

February 13, 2010

I was directed by my friend Pierpaulo Frigerio to  this post by Dr. Isenberg at Babson College with the provocative 20 questions to help you determine if you’re cut out to be an entrepreneur.  As with many of the talks I give to young entrepreneurs Isenberg believes that money is not and cannot be a motivating factor in becoming an Entrepreneur.  His 20 questions come from some of the same sources as the book I frequently recommend to young entrepreneurs and would-be consultants: E-Myth revisited.  In E-Myth we discover the 4 quadrants of the employer/employee grid - from working a job to true entrepreneur.

Gerber in E-Myth finds that you can be an employee, a consultant, a “lifestyle” business owner or a true entrepreneur.  Isenberg refines that down to the characteristics that designate you a true entrepreneur.  Most people are not suited to entrepreneurial lifestyle - it’s very different than the other 3 quadrants and requires a high degree of passion, work ethic, creativity and willingness to fail.  Isenberg feels it’s not about money or risk - it’s about the excitement of making a difference in the world.  I agree,