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What Type Of Person Thrives In Entrepreneurship According To A Founder At WellSpace

Maria, Founder at WellSpace, identifies three key traits for entrepreneurial success: "making good choices," "asking good questions," and "deep listening," emphasizing that the latter differentiates average entrepreneurs from great ones by allowing for a nuanced understanding of priorities and needs. This thoughtful approach to decision-making, fueled by curiosity and active engagement with the environment, is what drives success in the industry, according to Maria.

Decision-Making, Question-Asking, Deep Listening, Thoughtfulness, Collaboration

Advizer Information

Name

Job Title

Company

Undergrad

Grad Programs

Majors

Industries

Job Functions

Traits

Maria Ko (Kiejnich)

Founder

WellSpace

UCLA Class of 2020

Harvard Graduate School of Education, Ed.M. in Learning Design, Innovation and Technology

Economics

Healthcare, Medical & Wellness, Technology

Entrepreneurship and Business Owner

International Student, First Generation College Student

Video Highlights

1. Thoughtfulness and strong decision-making skills are crucial for entrepreneurs. Decisions should be based on potential and trust, not fear, and the process should be democratic and collaborative.

2. Entrepreneurs must be skilled question-askers, viewing this as a vital skill to understand customer needs and market trends. Creative and open-ended questions are key.

3. Deep listening is paramount for success. The ability to discern nuances, prioritize needs, and understand market signals distinguishes average from great entrepreneurs.

Transcript

How would you describe people who typically thrive in this industry?

Entrepreneurship is essentially about three things: making choices, asking questions, and deep listening. People who thrive in entrepreneurship enjoy making good choices and asking good questions. They also value and engage in deep listening.

Thoughtfulness is a trait many entrepreneurs need to foster to make decisions without hesitation. There isn't a right or wrong answer; it's about the decision-making process being democratic and collaborative. Decisions should come from a position of strength, not weakness.

You don't make decisions based on fear; you make them based on potential and trust. Entrepreneurs who succeed are those able to tap into this decision-making mode.

Secondly, asking questions is often undervalued as a skill and a trait. A significant part of what entrepreneurs do is ask questions of customers, teammates, and potential partners. It's about understanding people's needs and what needs to be seen.

Entrepreneurs are like researchers developing real-time solutions. Asking good questions means being open-minded and open-ended, coming from the heart rather than just following a formula. More creative and insightful questions lead to better outcomes.

Deep listening is also crucial. There's a lot happening in the market, within the company, and within the team, leading to a lot of input from everywhere. Deep listening distinguishes an average entrepreneur from a great one.

By understanding the nuances of your surroundings and identifying priorities and needs, you can more effectively reach solutions. Without deep listening, no one can truly thrive in this industry.

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