How many times have you daydreamed about being an entrepreneur? Never missing a little league game, enjoying all the benefits that come with being self employed. Perhaps you can see yourself sitting on the beach sipping Mojitas as your bank balance grows.
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:
-Stay with something without instant gratification? Your first day of entrepreneurship will be the most exhilarating day of your life. In fact, you probably will not come off cloud nine for many days if not weeks.
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.
Nevertheless, what do you do when the proposition is not working? Worse yet what if your little idea is taking your whole business down? Do you have what it takes to say goodbye? Even though you are committed to the idea and truly love it? If you can do this, you have the right mentality for an entrepreneur.
-Have self-confidence and assurance in your own abilities? Many people will doubt what you are trying to do; in fact, some may even ridicule you. When you let their opinion affect you the battle is already lost.
Are you self aware and sure of your talents and ideas? This is key to the entrepreneurial spirit.
-Have knowledge of the value of your products and service? A beginners biggest problem is knowing how to price their product or service. You will find them working hundreds of hours for peanuts. This occurs most frequently because of the value they put on the product or service they offer. If you tell yourself you would never pay x amount of dollars for something you are bound to price it too low to stay in business.
Remember you are not the target market, you are not the consumer. Since you are providing a needed service or product that is highly valued by consumers you should naturally be paid accordingly. Rest assured if you charge too much the customer will be quick to inform you.
Until that happens you should place a good value on the product or service you are offering. When you value what you are, offering you will be a good entrepreneur.
-Fix a Dilemma? This is the most important characteristic of all, are you the one to solve a problem?
When you are an entrepreneur problem solving must be your forte. The proverbial buck must stop with you in this business. There is no higher-level officer to do it for you. It will be all on your shoulders to find the problem and then solve it.
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.
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:
-Stay with something without instant gratification? Your first day of entrepreneurship will be the most exhilarating day of your life. In fact, you probably will not come off cloud nine for many days if not weeks.
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.
Nevertheless, what do you do when the proposition is not working? Worse yet what if your little idea is taking your whole business down? Do you have what it takes to say goodbye? Even though you are committed to the idea and truly love it? If you can do this, you have the right mentality for an entrepreneur.
-Have self-confidence and assurance in your own abilities? Many people will doubt what you are trying to do; in fact, some may even ridicule you. When you let their opinion affect you the battle is already lost.
Are you self aware and sure of your talents and ideas? This is key to the entrepreneurial spirit.
-Have knowledge of the value of your products and service? A beginners biggest problem is knowing how to price their product or service. You will find them working hundreds of hours for peanuts. This occurs most frequently because of the value they put on the product or service they offer. If you tell yourself you would never pay x amount of dollars for something you are bound to price it too low to stay in business.
Remember you are not the target market, you are not the consumer. Since you are providing a needed service or product that is highly valued by consumers you should naturally be paid accordingly. Rest assured if you charge too much the customer will be quick to inform you.
Until that happens you should place a good value on the product or service you are offering. When you value what you are, offering you will be a good entrepreneur.
-Fix a Dilemma? This is the most important characteristic of all, are you the one to solve a problem?
When you are an entrepreneur problem solving must be your forte. The proverbial buck must stop with you in this business. There is no higher-level officer to do it for you. It will be all on your shoulders to find the problem and then solve it.
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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