Is the need for achievement – a personality attribute – necessary for success in small business? Why or why not? Locus of control? Independence? Leadership? Discuss what the literature says, and what you think.
The personality attribute of the need for achievement is necessary for success in small business. The achievement attributes of persistence and ambition helped me to make Nantahala Cabins successful prior to the current economic times. My persistence and ambition also helps me through these times instead of just throwing in the towel. When we first started our business Nantahala Cabins I strongly believed in internal locus of control. Our decisions in our lives me learning and practicing accounting, learning different computer programs and computer technology put me in a better position to be in the cabin rental business as well as my husband’s decision to be a builder set him up to built successful cabins. But with the extreme down turn in the economy and no matter what decisions me make about ourselves and about our cabins our business has not improved. I am now leaning more toward external locus of control since we have no control on how our business has been declining these past few years. In the beginning of our small business our maturity, sense of personal responsibility, our feelings of independences and our leadership has shaped our internal locus of control. The more I can see my decisions improving our business the more I will lean toward internal locus of control but for the time being I am leaning toward external locus of control.
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I am sorry to hear about the downturn in the business. It sounds like a wonderful idea. Mountain cabins are great. Control is an illusion anyway. Sometimes life is just about timing and luck.