Being your own boss is not for everyone.
While entrepreneurship comes with freedom and flexibility, there is also a great deal ofresponsibility and an even greater need for discipline. Curious as towhether or not you would cut it as an entrepreneur? Here are seventelltale signs:
Also Read: 15 Signs That You Are An Entrepreneur
1. You’re a self-starter.
Takinginitiative is crucial in entrepreneurship. No one is standing over yourshoulder telling you to get things done. Vacation days don’t require awritten request. There’s nowhere to clock in or out. Without extremeself-control and natural drive, work can fall to second to the manydistractions of life.
A good indication that you’re a self-starter is your past involvement with groups or causes that didn’t provide youany monetary gain. In college, did you start an organization that wasn’t already established on campus? Do you volunteer for a charity in yourcommunity? Having a get-it-done personality could help you bring yourvision to life more easily.
Also read: 7 Characteristics Of a Good Entrepreneur
2. Passion is prevalent.
Ablasé attitude is not associated with overwhelming success as anentrepreneur. If you don’t genuinely love what you’re doing, it will behard to overcome the inevitable obstacles. Starting your own business is rarely an overnight success. From lack of customers to profits, it’snot easy street. Without an undeniable passion for the industry you’reentering, it will be difficult to stay afloat among the disappointmentsand hard times ahead.
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3. You possess people skills.
While being a loner doesn’t rule you out as a potential entrepreneur, lacking social gumption could hinder your success. Having people skillssuggests that being an entrepreneur might be more realistic, sincecommunication is a necessity in any business endeavor. Without it, youcould face difficulty forming partnerships, attracting customer andnetworking within your industry.
4. You’re not willing to take no for an answer.
Giving up easily is not a typical trait among entrepreneurs. Securing your own success requires perseverance and the ability to be persuasive andthink outside the box. Not everything is going to go exactly as plannedand people, permitting, laws and codes can quickly turn to roadblocksinhibiting your business from growing. You need to possess the strengthto try harder — or try other options — to overcome these obstacles.
5. You’re a creative thinker.
Creativity isn’t just a quality found in writers and artists. It’s a common component of entrepreneurs as well. Research identified that while just 47 percent of people are creative thinkers,the percentage jumps to more than three quarters when looking atentrepreneurs. Since finding innovative ways to solve ordinary problemstakes creative thinking, it’s actually not that shocking that themajority of entrepreneurs think differently.
Also read: 11 Things Should Not Do As An Entrepreneur
6. You are competitive by nature.
There’s a reason some companies heavily recruit athletes for sales and business positions. The desire to strategize and win translates perfectly intobusiness. If you played sports growing up or are the type that excelswhen faced with a little rivalry, you might just have what it takes tobe an entrepreneur. A competitive nature will force you to not just bebetter — but be the best.
7. You’re hardworking.
At theend of the day, those who are willing to put in the most work areusually the ones who reap the greatest reward. If you’re the type ofperson that likes to skate by doing the bare minimum, the heavy workload of entrepreneurship will likely bury you. Entrepreneurs aren’t afraidto wear more than one hat, work through the weekend or sacrifice for the success of their business.
As an entrepreneur your output isdirectly impacted by your input, and if you’re not willing to put in the time, your great idea will likely tank.