In a world where work satisfaction, fulfilment, and being true to who you are, take precedence each day, we see a massive shift of the workforce from a monotonous 9-5 job to pursuing their dreams through entrepreneurship. A simple and precise way of describing an entrepreneur would be someone who creates or establishes a new business, prepared to take up the most risk and enjoy the most rewards. 

The major distinction between being just a business owner and being an entrepreneur is the individual’s attitude and mindset. Even though it sounds simple and highly motivating, it takes a lot of planning, studying the market, analyzing your competition, and, most importantly, knowing yourself as a boss and leader. 

If this is a question that riddles your mind, here is a quick overview of the different types of entrepreneurs for you to self-analyze. 

Social Analysts have classified entrepreneurs into six types after studying and interacting with around 30,000 entrepreneurs. A lot of research, right! However, most successful entrepreneurs fit into one of these kinds. Now, this doesn’t mean that a particular entrepreneur has this adjective or characteristic associated with them. It broadly means that this characteristic overpowers the others or that the entrepreneur displays these characteristics more dominantly than the others. 

1. The Hustler 

Say Hi to someone who can sell ice to a polar bear; that is how enthusiastic hustlers are. They are go-getters and let nothing stand in their way. They are self-starters and are high on self-discipline. Every challenge, every hurdle pushes them to strive harder and continue to achieve the plan. Confidence and an outgoing personality are their weapons, always used to impress every customer, stakeholder, and investor. The American Businesswoman – Mary Kay Ash would be a perfect example of a Hustler Entrepreneur.

2. The Innovator

Girdled with out-of-the-box ideas, these entrepreneurs put unique ideas into action. They are in constant pursuit to improve, upgrade and better existing ideas. They are usually characterized by being frank and lacking secrecy, warm, considerate, compassionate, and, more importantly, emotionally stable despite the unpredictable challenges and situations entrepreneurship brings. Evan Williams, the co-founder and founder of some of the largest internet platforms, is an Innovator.

3. The Machine

Just like the name suggests, these are people of action. They strongly believe in getting things done. They are problem solvers, diligent and accurate in every task they take up. They are vigilant, quick to act and are abstract thinkers. They are characterized by quality and timely delivery of work. Does the name Bill Gates ring a bell? Guess what! Bill Gates is an epitome of a Machine Entrepreneur. 

4. The Prodigy

These kinds of entrepreneurs are born to be entrepreneurs. They have the inborn sense of business, intellect, and persona to excel. They are trendsetters and groundbreakers in everything that they do. High on fluid intelligence, they think abstractly and are always ready to solve problems. Agreeableness is a trademark quality of the prodigy. ELON MUSK IS a CEO, a founder, a product architect, and a chief engineer who has proved that he is born to do what he is doing. 

5. The Strategist

The strategist loves to and is exceptionally good at planning. They are thinkers who tap into their creativity and tactility to plan and execute. Often, they are always on the winning side. They are always ready, with a game plan continually in the works. Emotional stability to think, analyze, plan, and execute is one of the strongest attributes of a strategist. Steve Jobs leads the bandwagon of Strategist Entrepreneurs. 

6. The Visionary

As the name suggests, these entrepreneurs envision and then bring to life their biggest dreams. They are original, new, and innovative in their ideas, plans and business models. Their outgoing nature captures people’s attention, and everyone idealizes them and is motivated, challenged, and encouraged by their journeys. Who better than Oprah Winfrey to lead this troop of entrepreneurs? 

With competition increasing, multiple options available to consumers, a new business plan, a new entrepreneur entering the business world each day, it is essential to know your unique selling proposition. It helps to know your brand, who you are, and this factor will determine your success and longevity in the game. 

To know the kind of entrepreneur you are, I recommend you take the personality test offered by Wealth Dynamics, the world’s leading profiling tool for entrepreneurs. Our Profile test tells what strategy to follow to build wealth. Try it now!

A long time ago, people used to take down notes during meetings and listen later to get correctly everything discussed. It was a hard task! Afterwards, people responsible, like secretaries, transcribed the notes to confirm items and people involved in the meeting.

Today, many companies use video or audio to record minutes of meetings making the process more efficient and practical. Therefore, there will be no missing minutes during the discussion of a meeting. However, a text version of the audio or video recording was necessary for people who wanted a copy of the meeting results.

Because of that, companies put their trust in transcription operations which eliminated the need for training transcribers. Also, the transcription service allowed secretaries to focus on their tasks more. Today, many of these tasks are handled by Transcribing AI, which automates the process efficiently. Therefore, if you need to turn any audio or video file into a text file, you will need the services of a transcriber. Transcription is the process of writing spoken parts of a file on paper.

How transcriptionist work

Transcription is one of the skilled activities that need attention and excellent focus on details. Transcriptionist always works with a tool software that allows playing and pausing of video or audio file for the easy transcription process. The foot pedal also allows the transcriptionist to fast forward and rewind through the file, which is important, especially when some parts are unclear.

Another responsibility of a transcriptionist is time-stamping the typed file copy. This is particularly vital for video transcription since it connects every dialogue piece with the right visual part. The time-stamps are responsible for ensuring the visual and spoken elements of the file are synced together if a translated transcription of a foreign language is applied to the video.

The reason why businesses need transcription service

Video and audio continue to be part of marketing processes since visual marketing is taking roots in business marketing modules. However, few people only notice the importance of transcription operations for multimedia formats.

A combination of transcription and multimedia formats is a great way of reaching a wider audience. Most people use their preferred ways to deal and engage with online audiences and content to gain more market popularity.

Below are some of the importance of having transcription services in your business.

Improves your SEO strategies

If your web page offers videos or podcasts without texts, it will not get higher search rankings. The more valuable the information is on the search engines, the more likely your business will achieve visibility.

Therefore, the importance of having a transcription service. Transcription will offer bots and followers original indexation content that define your business niche.

Provides a variety of content

The best thing about multimedia is that it offers opportunities to reach many people through various senses. Videos offer personalised visual appeal, and audio allows the appeals to do other things like relaxing and listening.

Adding transcription will allow your audience and visitors to read what you are visualising and broadcasting (a preferred way of absorbing knowledge for some people).

It is easier to share transcripts with people on social media than audio. Many followers have no time to listen to audios for the entire show.

Transcription caters for people with hearing problems.

Transcripts ensure that people with hearing difficulties know what you are advertising from your audio content. Therefore, you will send messages to socially conscious people and those unable to hear the audio.

This will increase your content popularity on different social platforms.

Allows you to add several links to texts

You can open more web content for your audience and visitors to explore when links are added to your transcript. You can provide a link leading to your previous topic that relates to the current recording.

Links are important since they will act as guests’ cross-promotion. Creating deep content is one of the key elements of retaining people on your website.

Why do many businesses use transcription operations?

There are a lot of reasons why businesses use transcription operations. For example, when a company needs to translate a video or audio, they must transcribe the parts first.

It can be used for legal purposes. Audio transcriptions are often used for court cases.

Conclusion

Video and audio are some of the best ways of connecting with your followers. However, adding some text comes with multiple advantages. Transcription operations will help your audience and visitors on different levels and help you organise your information over time. Note that your audience consists of people who participate on the internet differently.