Friday, September 23, 2016

Do You Have What It Takes to Make It as an Entrepreneur?

Are you suited to be an entrepreneur? Too often, people start businesses not aware they do not have the right entrepreneurial skill-set—they may be too complacent, laid-back, or cautious to take up on the multifaceted role of entrepreneur—which can lead to the failure of their ventures.
Being aware of your entrepreneurial style before launching a startup can help you determine if you’re suited for entrepreneurship.

1. You Are an Innovator

Do you love experimenting with new ideas? If yes, then you are probably a creative soul who loves original ideas. This type of entrepreneur has a knack for blue-sky thinking which often results in creating or inventing revolutionary products. Steve Jobs is one example of an entrepreneur who changed the face of computing with his out-of-the-box approach to thinking.

2. You Are a Risk-Taker

This type of entrepreneur is not afraid to make bold decisions in their business. They take risks as a way to challenge their own methodologies or strategies and to grow as an individual. With their courageous mindset, they are able to successfully grow their businesses and stay ahead in the game. If you have the ability to face challenges, this may describe you.

3. You Are a Wanna-Be Entrepreneur

You desperately want to be a successful entrepreneur but you seriously lack the talent and abilities to become one. You live in a fantasy world of one day having your own business, but you don’t do anything to get started. You are happy reading success stories about entrepreneurs or watching shows about successful business people and visualizing yourself in the same role. If you identify with this type of entrepreneur, then it’s time to wake up.

4. You Are a Slow Starter

You are serious about starting a business, but you want to be absolutely ready before you take the plunge. It’s important to you that everything is in order, and you want to make sure that the process goes as planned. Much of your time is spent in research and planning, and you’re constantly seeking validation from the people around you. Your constant search for information and second opinions keep delaying from getting started, and in the end, you never launch your dream business.

5. You Are a Day Dreamer

Daydreamers are the kind of entrepreneurs who are only seduced by the glamor of entrepreneurship. They don’t want to be bothered with the laborious parts of launching a startup and only want to dwell on what it feels like to be their own boss. They have mental images of fancy offices and luxurious private jets. But they do not do any real work to convert their dreams into a living reality.

6. You Are an Opportunity Seeker

These entrepreneurs are always searching for new opportunities for starting businesses. They do not build castles in the air, but they instead look for opportunities to build their business. They will also keep in touch with influential people in their industry to get help, even if it comes in the form of financial help or volunteering.

7. You Are Resilient

This hardy type of entrepreneur belongs to the group of strong-willed people who never give up, no matter how difficult the circumstances are. Even if finances are a problem, they never lose sight of their vision and keep progressing towards their goals. Through their determination and resilience, they manage to find solutions.

8. You Are Dependent on Others

There are entrepreneurs who are dependent on others to make their entrepreneurial dreams a reality. They are not willing to launch their businesses until they can find the right partners to work with. Therefore, they oftentimes keep delaying their ventures and sometimes end up giving up in the end.

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