How does
crushing debt make you feel? How do you react to rejection?
Do you quit if you fail at a task? Do you like to work 18 hour days…forget
vacations or days off? Would you work without getting paid?
If those scenarios sound discouraging
to you, then chances are you aren't cut out to be an entrepreneur. On the other
hand, if you didn't scare that easily, you just might have what it takes. Here
are some questions that can help you further assess your aptitude.
1. Do you believe?
It may sound silly, but it really does
start with believing in yourself and your business idea. To hear researcher and
author James Koch describe it, the classic entrepreneurial personality seems to
combine the self-confidence of Muhammad Ali with the sunny-eyed optimism of
Little Orphan Annie. Do you have swagger? Do you believe in yourself?
2. What's your motivation?
Even above making money, entrepreneurs are
driven by the desire to do something of significance. For the entrepreneur, the
goal is to leave your mark to make an impact. For most they don’t consider what
they are doing as work. Are you motivated by money or by leaving a legacy?
3. How do you see the world?
I think (this is me) successful
business owners tend to be more strategic in their thinking ... big-picture
oriented, as opposed to being more tactical and focused on details. That
wide-angle perspective comes in handy for handling the broad range of
challenges that will fall squarely on their shoulders as company chiefs. They
have to have the ability to see a solution before most other people even recognize
that there's a problem. Do you see solutions or problems?
4. Do you know what you're getting into?
Many businesses fail because their
owners didn't adequately assess the market for their ideas. They think it's the
best idea ever, and maybe they are able to attract funding for it, but it turns
out that ... there aren't customers out there who are willing to pay for it. Do
you do your homework or do you go on your gut?
5. Will you stick it out?
You must be prepared to ride out each
stage of your company's development. Good old-fashioned perseverance is more
important than anything. Are you willing to put it all on the line? Do you have
a short attention span?
6. Is it in your DNA?
Finally, there's the question of
whether you have to be wired with all of the right stuff to be a successful
entrepreneur, or whether you can learn the necessary traits. Learning accounting, how to write a
business plan and how to approach investors can certainly enhance your chances
for success.
I would suggest that there is not a
class you can take that can teach someone to be a risk-taker…that can truly teach
entrepreneurship.
I think entrepreneurs are wired
differently than others…are you?
No comments:
Post a Comment