For you to determine if you’re an extrovert or an introvert, you need to determine how much you prefer the company of other people as compared to your natural social setting. Extroverts are outgoing and feel energized when they’re in the company of others. They love parties and networking events. Introverts, on the other hand, prefer their own company and would rather stay at home and read a book than go out to mingle with the crowd.
Whether you’re an extrovert or an introvert, there are several advantages as well as disadvantages when it comes to being an entrepreneur.
Benefits of being an extrovert
- Extroverts have a larger network, naturally, since they spend more time meeting new people.
- Extroverts are usually charismatic which is helpful for startups as it helps garner more customers as well as make the business visible.
- Coordination: Since they’re more experienced in dealing with people, extroverts might have a better understanding of human behavior, strengths, and weaknesses of team members. This will make it easier to solve problems quickly and coordinate the team better.
- Conversations are easier when the entrepreneur is an extrovert. Communication is also easier.
- They are usually good leaders. Extroverts also live in the present and focus on current doings. These individuals adapt easily to a given circumstance.
Benefits of being an introvert
- Introverts tend to be more focused. They have the ability to focus for long periods. They are also better at focusing on and completing tasks. They’re not driven to engage in large groups, and tend to prefer dedicating attention to their own priorities. As entrepreneurs, introverts succeed because they “create and lead companies from a very focused place,” says Susan Cain, author of Quiet: The Power of Introverts in a World That Can’t Stop Talking.
- Introverts are also very good at quietly empowering others. This might make them even better suited for entrepreneurial and business success than extroverts.
- Introverts are not interested in leadership for personal glory. They are also not interested in a cult personality. Their emphasis is on creating something. They’re not focused on themselves.
- They tend to rely on their own inner compass and not other people. They do not need validation. They know that they’re making the right move or doing a good job. This gives them the upper hand in a lot of ways.
- Introverts are better listeners as they’re not interested in doing a lot of talking, anyway. They wait to speak until they have something to say. Not because they’re shy and unintelligent, but because they are thinking and processing.
- Introverts also usually spend more time learning and practicing the skills.
It’s almost impossible for anyone to be completely introvert or completely extrovert. It’s always best to mix the good qualities from both lifestyles so you can grow your business.
HBR.ORG also advises that if you have a lot of introvert qualities, you should get someone on your team with the opposite qualities. It says:
Team up with an extrovert. Together you are greater than the sum of your parts. It’s the yin and yang. If that’s the case, why didn’t my yin-and-yang like relationship with my extroverted ex work out?…Even though introverts and extroverts complement each other, they don’t always understand each other. It’s all about a big misconception of what introversion is. People assume that the person who wants to stay home on a Saturday is antisocial or misanthropic. Introverts are just as warm and caring, but they would rather lavish those on the people they know well. There are still going to be negotiations [between introverts and extroverts], but it should at least be conducted from a place of mutual understanding.
Everything should be balanced. It is possible to teach yourself to learn habits and approaches that seem reserved for your counterparts. Your business will definitely become better.