Have you imagined what it would be like to set your hours, fire your boss and be free of the office politics? Bask in the glory you can imagine from being a smashing success and rolling in the dough!
Hold the phone, before you are booking a flight to Maui you need to consider one thing very carefully and ask this question: Do you have what it takes to be an entrepreneur? Are you cut out to be fabulously wealthy?
To get to the bottom of this question you should compare yourself to the following characteristics. Can you / do you:
-Press on when there is no gratification, results are slow to come? In the beginning the sheer rush of owning your own business will color the way you see and feel about everything. Adrenaline will pound through your veins for days or even a month.
Unfortunately, the high does not last very long. Now you are faced with working long hours trying to make a go of it and all the adrenaline has dried up. The hardest part at this point is you are working diligently without any tangible results. Leaving you with little if anything to motivate you on to your goals.
So again, I ask you: Is it possible for you to stay with something without instant rewards? If you answered yes, it is possible that entrepreneurship will be just the ticket for you.
-Let a losing idea die? Look, when you spend precious time on an idea it will feel like a part of you and truthfully it is, this is your baby so to speak and it will be hard to turn lose of your brainchild.
No one is perfect and before you know it you can be neck deep in a bad concept that threatens the very life of your business. Is it in you to let go and move on to the next idea in spite of your emotional attachment to the plan? Do this part well and you are on your way to being a good entrepreneur.
-Believe in yourself and your capabilities? There will be those who doubt you, unbelievably some will be your own family. They may cajole you, laugh or even berate you for what you are doing. If they can get to you the chances of you succeeding just went from slim to none.
It takes rock solid confidence in your idea and abilities, if you have that you can be a great entrepreneur.
-Do you have a firm grip on the value of what you are offering? This is a huge problem; many times a new entrepreneur will work their fingers to the bone for nothing. Most of the time this is a result of not valuing the solution they are providing. A new business owner has thoughts like "I would never pay that much for this product or service, so I better set a low price."
The thing you must keep in mind is that you are not the market nor are you the customer. If you have something good to offer your customers that adds value or convenience to their lives then you should earn accordingly. Do not worry if your prices are too high they will tell you about it.
If this is not happening you are on the right path and valueing your product or service rightly. At this point you are close to being a good entrepreneur.
-Problem solver? This is the big final question, can you solve problems?
Problem solving is probably the number one key to being an entrepreneur. Not only should you offer a product that solves a problem but you must be quick to solve business problems as well. You are the boss and the buck stops at your door. Be quick to unearth a problem and find the answer.
There is of course an even bigger reason to solve problems, it great for business! In fact, that is your business, when you can quickly pick out the problems others are dealing with and then solve them then you have what you need to be a good entrepreneur.
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