City of Perth Logo

Creative and knowledge-intensive industries are vitally important to economic development and the City of Perth recognises the significant role that entrepreneurship and innovation plays in driving tangible economic outcomes. 

Venue Partner

Legal Partner

 

Intellectual Property Partner

 

Graduation Sponsor

RAC

 

Promotional Partners

Forbes Analyzes the Founder Institute’s Findings on Entrepreneurial DNA

Posted by Amity Sims on 2013-03-01

Our latest infographic on Entrepreneurial DNA recently caught the attention of Forbes journalists Kate Harrison and David K. Williams who both examined the outcomes this week in the articles "Predictors of Entrepreneurial Success Are Not What You Expect" and "Do You Have Entrepreneurial DNA? A Test to Help You Decide".

The two journalists were pleasantly surprised by our findings, and were pleased to report that age can actually be of significant benefit to those looking to start a company. In fact, entrepreneurs age 34- 40 have the greatest chance of success, and it doesn’t appear to go downhill from there. Work and life experience contribute to a more disciplined and knowledgeable entrepreneur - “Let’s hear it for the world’s gray-haired entrepreneurs!” touts Williams.

Another surprising finding reveals that IQ is virtually irrelevant to predicting long term success; the real point of focus is fluid intelligence. One’s ability to apply known rules to new problems and adapt rapidly to new situations will get you far. That plus high openness, moderate agreeableness, and a passion to change the world will put you on the fast track to success (that is, of course, if you’ve got a great business idea to go along with your entrepreneurial traits).

In addition to IQ being regarded as irrelevant, conscientiousness does not have a strong correlation to success either. There are, of course, always exceptions to every rule. Whether you’re just out of college or have founded multiple companies, the program is open to existing and prospective technology founders of all kinds. To see if you have entrepreneurial DNA, apply today www.fi.co/join.

Like this article?

Subscribe to our Weekly NewsletterAttend a Free Startup Event

Feedback Form

We welcome your feedback to improve the Institute. Please contact us using the form below, and we will get back to you promptly.
Your Email Address:
Message to the Institute:
What is ? (enter the answer below):
Close Window