In my previous blog post What do Business Analysis and Entrepreneurship Have in Common?, I outlined some high-level similarities between business analysis and entrepreneurship. Now let’s explore some detailed parallels between the two.
Assuming that business analysis has much in common with entrepreneurship, what specific traits do entrepreneurs have that are similar to people who do business analysis? While I was assembling a list I found the common skills and traits were growing and growing. Since there are so many traits in common between business analysis and entrepreneurship a table was the only way to properly summarize them. See Table 1.
What has always fascinated me about business analysis is the ability to change organizations for the better by contributing to new and effective solutions. You might say I love change. Doing BA work fuels my need to be part of positive change and the skills I work to improve seem to be those that are also useful for an entrepreneur. Given that I am co-owner of a training company, it is a good thing!
But whether you are an internal entrepreneur within an organization or are thinking of striking out on your own, the skills and qualities in the right-hand column will serve you well. Conclusion: if you are a business analysis practitioner, you are in good shape to become an entrepreneur. Look for more posts on types of entrepreneurs and the three important things entrepreneurs need to be successful.
Table 1. Portions adapted from The Reluctant Entrepreneur by Michael Masterson
The Reluctant Entrepreneur by Michael Masterson, 2012, John Wiley and Sons
Creating a Business You’ll Love – Top Entrepreneurs Share their Secrets, 2011, edited by Ronnie Sellers, Sellers Publishing, Inc.
The Lean Startup, by Eric Ries, 2011, Random House Inc