Creating New Venture Assignment 2022

Running head: CREATING NEW VENTURE
Creating New Venture
Name of the Student:
Name of the University:
Author Note:

1CREATING NEW VENTURE
SCMP for entrepreneurs
Through the four temperament study I have learnt that all personality types have their
own strengths and weaknesses. For Melancholic and Phlegmatic personality types the
strengths may not be as evident as for the other due to the inherent introvert nature of the
individuals but, their characteristics can be used in a positive manner in order to become
successful as an entrepreneur (Kwapil et al., 2013). Earlier I thought that having Sanguine or
Choleric qualities are key to a successful career but through the lesson I have learnt every
personality has its positive or negative side.
The new learning about personality type has close relation to my values. As a person I
am a Phlegmatic type with a little mixture of Choleric. My like to live in harmony and
practice self-control. I believe that they are essential qualities to handle any situation
effectively. My sense of right and wrong says that people possessing certain qualities should
become entrepreneurs which it seems, is not true.
I believe in observing any situation, look at it patiently and think rationally before
taking any decision. All of these qualities are conform to the personality type. I believe that
these qualities can be used successfully to become an entrepreneur. Earlier I felt that there are
certain kinds of people that make good leaders or have better productivity than others. This
study challenged that notion and confirmed that every person has some qualities that makes
them unique (Morallane, 2016).
In the process of learning about my own personality and understanding the personality
types and characteristics of the others, I have gained a valuable life experience. A successful
entrepreneur should be able to recognize the positive aspects of the other people. They should
be able to guide them, direct them or lead them as necessary. This lesson also teaches me to
use my traits in a productive manner.