There are many different types of profiles of entrepreneurs out there that I have seen while connecting startups with investors on 1000 Angels (the company I cofounded). However, the profile that I‘ve found to have the most amount of success is of those entrepreneurs that are optimistic.
Research studies have actually found that optimistic people tempt to be healthier and that such optimism contributes to the following benefits:
- Having healthier hearts
- Having better cholesterol
- Handle stress smoothly
- Have stronger immunity
- Have lower stroke risk
- Regulate emotions better
- Live longer
Optimistic people not only have the most amount of fun during a journey that is a rollercoaster of emotions full of ups and downs. They are also positive about the potential outcome of their company and of how things may unfold for their business down the line. By having that optimism it provides them happiness as they see the world with a different lens. Research shows happiness increases overall productivity, creativity and teamwork in the workplace.
This positive way of seeing things and energy is something contagious. This is something that founders will transmit to top talent when recruiting as well as investors when raising a round of funding. They will be able to paint a nice future outcome for investors with a story that is attractive enough for people to invest in their venture. By the way, if you are raising capital you can download my pitch deck template below.
DOWNLOAD PITCH DECK TEMPLATE
DOWNLOAD PITCH DECK TEMPLATE
Take Elon Musk as an example. Musk is the founder of Tesla and SpaceX. At one point his companies were on the verge of collapse. Even his mother mentioned in an interview that Musk would wake up in the morning with his pillow full of tears. Musk was always positive and optimistic about the future that he wanted to create for his companies which led him to built the empire that he has today. None of that would have been possible without believing in himself and being optimistic about things.
However, there is one thing that optimism would lead entrepreneurs to and that is to being late. By thinking they can multitask and be able to do everything successful entrepreneurs allow themselves a few extra minutes to finish up tasks before their next meeting. This ultimately contributes at failing to being on time. The downside to this could be the fact that American CEOs are often late and the cost to the nation is about $90 billion, because of lost productivity.
A study conducted at San Diego State University has also connected lateness with Type B personalities, or people who tend to be more laid-back and easygoing. Entrepreneurs that are late don‘t really overreact about events in their personal or professional lives and see the future as full of infinite possibilities.
The above research carried out by Jeff Conte and Jerald Greenberg published in the Journal of Applied Social Psychology is interesting. They identified two types of person. Type A people are usually punctual because they have a built-in clock which estimates that a minute lasts 58 seconds. Type B people calculate a minute as lasting 77 seconds. Type B people are, of course, always late. They also tend to be pretty casual while Type A people are much more active.
It is well known that being 15 minutes late could also be labeled as being fashionably late. In countries like Spain, where I am from, being up to 15 minutes late is not bad manners or disrespectful as long as you make it to your meeting within that time bracket. However, there are other countries like Germany where everything needs to be on the dot. As an example Angela Merkel, Chancellor of Germany, was scheduled to meet the President of Russia, Vladimir Putin. Since Putin was late Merkel decided to leave the meeting without giving a chance to Putin.
Being late and how that plays out for these entrepreneurs could be very well shown in the example from waitbutwhy. In the example below the person will be meeting someone at a coffee place at 3:00. Here’s how it’ll play out:
In the event you are late to your meeting you can always do the following to do damage control and recover from the potential negative impact:
- Call ahead
- Apologize immediately
- Don‘t over apologize
- Be honest
- Reschedule the meeting
- Be there early
- Contribute productively to the meeting once you are there
Sources of inspiration