Does your personality type affect how successful you’re business will be?
In this video, Matt talks about whether one personality type is better for starting a business! Does your personality type affect how successful you’ll be in business?
There are tons of people out on social media giving business advice. Some of it is good advice, but most of it isn’t good. In this new series watch CapForge’s owner react to different advice videos. He’s an expert in all things business and has 20+ years of experience under his belt. Some of the things he reacts to might even surprise you!
Video Transcript:
Business Advice Video:
If you’re personality type A, you probably have no problem with working hard. But whenever you do take time off, you can never really turn off. What you need to learn here is how to relax without feeling guilty. And you have to understand that relaxing and recovery are just as much of the process as just working crazy hard. If your personality type B, you’re more laid back and you’re missing a sense of urgency. What you have to learn is sticking to the plan no matter what. So personality type A is too far on the hustle side. Personality type B is too far on the relaxing side. Both of you need to work on being in the middle of working consistently no matter what it takes.
Matt:
I would agree with this for the most part. I think some people definitely don’t know when to stop and they miss out on that work-life balance and then a lot of other people can’t motivate to get going enough. So really what you want to hopefully do is set aside a certain amount of time to invest in working on your business. Make the most of that time, but then also make sure that you’re taking breaks. You’re taking vacations, you’re taking time off the business, the work will be there when you come back. But if you just run yourself into the ground and burn out, the business isn’t going to do as well as it could. If you took a more measured, long-term approach and did what you were going to do sustainably. So you’re not killing yourself and burned out and out of steam three or four years in or less.
In fact, I’ve talked to a lot of business owners who say “I want to sell the business. And the reason is I’ve been doing this for five years and I’ve never taken a weekend off, I’ve never gone on a family trip, I’ve never been on vacation. I can’t walk away from this business, so I’d rather just sell it.” That, to me, is not a good work ethic. That’s a failure of understanding how to manage and delegate and grow with systems and processes rather than just doing everything all the time 100% yourself. And while you’ve done a good job of working hard, you haven’t done a good job of working smart. So if you find yourself in that position, there are ways to fix it without selling the business just so you can walk away and take a couple of weeks off. And on the flip side, if your business isn’t growing and you’re not doing very well, then if it’s for lack of effort and lack of putting the time in, well, that’s an easy thing to fix too. But overall I agree, not maybe so much that there’s only A and B personality types. I think the spectrum is bigger. There’s lots of different nuance to that. But for sure, working too much in the business is almost as bad as not working enough in your business.
