The Entrecode© - New Research Insights into how Entrepreneurs Operate

Our latest research findings into the behaviour of 250 successful entrepreneurs destroys some real myths and provides some helpful insights.

1. The key correlation between entrepreneurial behaviour and success is goal directed energy. Focusing all the energy with purpose and direction. This is highly correlated.

2. Other highly correlated factors are:

- Persistence
- Need for others
- Commitment to vision
- Emotional robustness
- Focused
- Prioritise and sacrifice

3. Moderately correlated behaviours were:

- Drive
- Positive mental attitude
- Action orientation
- Achievement culture

4. Factors which surprisingly did not correlate or were even negatively correlated were:

- A history of family business which may even by detrimental
- A previous history in sales was negatively correlated
- Being overly concerned with self and image was negatively correlated
- Self development correlates if it is business related
- Networking is not highly correlated unless it is purposeful
- Big picture and intolerance of detail was positive
- Not working in a systematic way was highly correlated!

5. In the sample we researched 4 contextual factors were highly correlated with success:

- Making things happen at school - usually achieving results in adversity with minimal resources (education system please note)

- Failure in formal exams and leaving school early

- Being previously accountable for the performance of a team or a business

- Serving an 'apprenticeship' in the industry where they start their business for at least 10 years.

There, a few more insights from Entrecode© into the mysterious world of the entrepreneur. Watch this space for more revelations!