DO YOU HAVE WHAT IT TAKES TO BE AN ENTREPRENEUR?

Dissatisfaction with one’s job is one of the reasons why people move from one job to another. Some employees think that they are undervalued and under paid for all the work that they do. As a result they resign and move on to another job. But is it going to be like that forever? Will there be no security of tenure? Some of us have always wanted to run our own business and be our own boss. Being the boss has its perks. However is it really that simple to become an entrepreneur? Here are some things you should think of before diving into the world of business:
1. Physically fit – taking care of your own business, seeing to it day in and day out eats a lot of a person’s energy. During the first few months after setting up your business you need to work for long hours. As an entrepreneur you should be physically fit, you should involve yourself in healthy sporting activities.

2. Confident – aspiring entrepreneurs must be confident. They should believe in themselves and what they are capable of doing. Look inside yourself and ask,” What am I good at?” Make sure that you choose a business that is within your territory.

3. Education – “All wish to possess knowledge, but few, comparatively speaking, are willing to pay the price.” This quote was from a Roman poet named Juvenal. As this quote states, most of us want to be knowledgeable however only a few want to go through it. It will take time and patience to learn new things. As an aspiring entrepreneur there are a lot of things that you should know, like:

• One should know the business as a whole. Make sure that you know the in and outs of it.
• You should know whom you’re up against. A wise entrepreneur should know who are his competitors and what they’re currently doing for their market.
• Study the market trends. Take note of the growth and decline.

Knowing what you do now is not enough. You should pursue higher education in order to be successful.

4. Sense of Urgency – entrepreneurs have a never-ending sense of urgency. They feel restless if they are not working on something. These are people who want to use their time wisely.

5. Detailed planners – planning things make all the difference in the world. Why do you think generals plan their next attack? It’s because they want everything to go their way. They want to succeed in their endeavors. The same thing goes for successful entrepreneurs.

6. Self-control – entrepreneurs are people who like to be in control. Entrepreneurs want to do things their own way.

7. Realistic – entrepreneurs should understand and accept the things that happen in their business. Not only do they accept it but they also find ways to deal with it accordingly. If you have the correct attitude towards things, failures are not as bad as it seems. These failures challenge an entrepreneur and make them improve how they do things.

8. Perseverance – entrepreneurs succeed because they have the right attitude. They attribute success to their perseverance to make things happen.

This list is just to give you an overview of the characteristics of a successful entrepreneur. It gives some of you out there an insight of what it takes to be one. So do you have what it takes?