In the U.S. alone, over 8.7 million people are self-employed entrepreneurs. That’s roughly 2.6% of the total population. So what do they have that other people don’t? Here are the different entrepreneur types and why they are successful.

1. Growing old while building a startup company will mature both you and the business.

Entrepreneurs tend to be action oriented with an urgency to “get it done” and see progress. However, we often fail to take the initial steps necessary to assess the idea and the market.

Customer Discovery is not a static operation. It is a continuous flow. The more you know about who will use your product, the greater the likelihood of success.

Some entrepreneurs fail to leverage the knowledge and experiences of others by failing to create advisory boards. These boards are a critical component required to scale strong entrepreneurial opportunities.

Pitches are presentations created in order to help entrepreneurs communicate with investors to raise money to fund their venture.

Men have typically dominated the angel investing world. However this is changing as a result of a growing numbers of women entrepreneurs, investors and mentors.

The military has developed a procedure for developing a plan, analyzing it and making a decision- the MET-T analysis is an effective, efficient way to evaluate your business and accomplish objectives.

There has been a trend to try to create one overarching company mission statement. However, they often become “wall art” hanging in the office of little practical use in operating the company.

Every businessman knows being cost-effective is important. But early stage financing companies should never cut corners with these critical components!