Do you really have the right personality type to successfully start and run your own business? It takes and entrepreneurial passion in you to start up a business and it takes even a greater passion and determination to run the business and make it successful. The truth is that not everyone has it! This post has some uncommon signs to find the entrepreneur in you.
So your question might be how do I know if I have what it takes to start and run a successful business? There really is no specific to know for sure. But the truth is that there are some things that are common among people that have what it takes.
You don’t have to fit all seven of these categories I’m going to list below to be a good candidate for entrepreneurship. But it probably wouldn’t hurt. In general, the more you have in common with these characteristics, the closer you probably are to being ready to try going out on your own.
I’m going to list seven categories that are not really taken note of but are true.
You come from a line of people who couldn’t work for someone else.
I don’t mean that in a negative way. Most of the people who actually start up and end up having a successful business tend to have parents who were successful entrepreneurs. Even if they don’t have their parents as entrepreneurs they usually have someone they look up to as a parent that is a successful entrepreneur. It’s usually easier to get a job with a company than to start your own business; people who strike out on their own often have the direct example of a parent to look to.
You’re a lousy employee
No need to sugar-coat this one. People who start their own businesses tend to have been fired from or quit more than one job. I’m not saying you were laid off for lack of work or moved from one job to a better-paying one. You were asked to leave, or you quit before they could fire you. Think of it as the marketplace telling you that the only person who can effectively motivate and manage you is yourself.
You see more than one definition of “job security”
I am truly envious of the few people I know who have stayed with one employer for 25 or 30 years. They look very secure. But how many people do you know who are able to stay with one company for that long? In a rapidly changing economy, job security can be frighteningly fleeting.
You’ve gone as far as you can go, or you’re not going anywhere at all
Sometimes the motivation to start your own business comes from having reached the top of the pile where you are, looking around, and saying: What’s next? Early success can be wonderful, but early retirement can sometimes drive energetic and motivated people totally crazy.
You’ve done the market research already
You have not right to talk to me about your great business idea if you have not put some time into figuring out if there is any market for it or not. As many people behind the many number of failed online business will tell you that “cool” doesn’t necessarily translate into “profitable”. Don’t bother building it if you haven’t figured out whether there’s a good chance the customers will come.
You’ve got the support of your family
Starting a business is stressful under the best of circumstances. Trying to do it without the support of your spouse or other significant family members or friends might probably be unbearable. At other times you actually don’t get their support at all. But this should not get you down.
You know you cannot do it alone
You might excel at promoting a business. Maybe you love running the financial end of the enterprise. You could be someone who starts a business because you have unique creative or technical know-how to create a product.
Any of the above is possible, but it’s unlikely that you are going to excel at all of these tasks — or at all of the tasks involved in running any business. Forget all that doing it alone stuff. You are going to need some help sometime.
The willingness to get that help — having employees, partners or consultants for those areas in which you are not an expert — is one indicator of likely future success. “No successful entrepreneur has ever succeeded alone,”
[quote]”The person who is most capable of enlisting the support of others is the most likely to succeed” … Ernesto Sirolli[/quote]
I know you were expecting to see vision, determination, strong-willed etc. on my list. They are all too common so I decided to build up a list that many people don’t really consider. I hope you enjoyed it. Share your views in the comment section below. I will love to hear from you.