Everyone has bad days at work,
when they start to fantasize about how great it would be to be their own boss. But before you make any drastic moves, it is wise to do a bit of self reflection to determine if this is really something you’ll be naturally suited for. Although there isn’t a tried and true formula for success, studies have shown that successful entrepreneurs share many common characteristics. Do you possess any of these personality traits? Many of them? If so, you may be a natural entrepreneur, a person who is inherently better suited for owning your own business than working for someone else.
Owning and running a business is a creative, challenging and highly rewarding way to become your own boss and chart your own future. It’s about creating and finding a better way to do things, offering customers a new choice that is of value to them. In addition to making your own living, it is also about providing opportunities to help others advance as well, whether it is through job creation or simply by hiring other contractor firms. Ultimately you want to create a business that you run, instead of it running you, and hopefully it will make you a nice little fortune in the process. It takes courage, determination and foresight to decide to become an entrepreneur. Leaving the relatively safe corporate world, where paychecks arrive regularly, and benefits are guaranteed, you will be venturing into the uncharted territories of business and it can be a daunting adventure, but if you’ve got what it takes, it can be the best challenge you ever face. I have met many people who have made this decision without really thinking through all of the long term implications or really what their long term goals are for the venture, and the ideal role that they would play in the company. I can tell you from experience that you will be able to achieve far greater results in your business more quickly if you take the time early on to determine what characteristics you possess that will be your entrepreneurial strengths and where any weaknesses may lie so you can be aware of them and hire and outsource to bolster them.
While there is no recipe for success, most successful entrepreneurs share many common characteristics. To determine whether you can be a successful entrepreneur, or if you are better off to work for somebody else, see if any of these sound like you:
1. Big dreams. To attain the kind of success that you want, you need to dream big. Every success story starts with big dreams. You don’t hear Oprah saying that she wanted to just pay the rent and get by. She had big dreams. If you’re going to be a successful entrepreneur you need to have big dreams for yourself. Just making enough to pay the bills or getting a few customers is not enough of an aspiration to fuel you forward. Make no mistake; this journey will not be an easy haul, so you really need one heck of a carrot out there to motivate yourself to keep pushing. Similarly, success is not achieved in a vacuum; your dream needs to not only inspire you it needs to inspire others as well. Your dream should be something that others will believe in, see as worthwhile and want to support. Your dream needs to include being wealthy or famous but it definitely should center on being fulfilled. Do not enter this race to be just another runner, but do not feel that you need to be the winner or else your efforts will be in vain. Many small companies have done a great job at providing a unique value to a select niche market that has lead to great results for them. These companies have made an impact on targeted people and on businesses, communities or organizations. They didn’t just sell something; they made a difference, caused change, made things better, easier, faster, more effective or made something never possible before, possible.
2. Clarity and vision. You need to have a clear vision of what you want to achieve. Along with dreaming big you should actively visualize success in your mind so that you can almost feel it, touch it or see that it is within your reach. You should play this image back at every opportunity. What does it feel to triple your current income? How will your life change? What will your business look like if you achieved the million-dollar mark? It is not enough to just think that you can wait and see what happens. You must be able to see what happens before it does happen, that is how you make it happen. Successful entrepreneurs possess an attitude of openness and faith that they can have what they want if they can simply envision it as the first step on the path of action to acquiring it.
3. Passion for what you do. As an entrepreneur you started a business to change your life, to create something better, something more. You saw a need, an opportunity. To attain this change successfully, you need to develop or uncover an intense, personal passion to change the way things are. A passionate person lives life to the fullest, has a lot of energy to give, and their passion inspires others and that passion sells. It is not enough to just have a good product or service, you must have passion. Success comes easily if you have a great love of what you do. Why is that? Because we are more relentless in our pursuit of goals about things that we love. If you hate your job right now, do you think you will ever be successful at it? Never. You may trudge along, even become competent at the tasks, but you will never be a great success at it. You will achieve peak performance and do what you have to do to succeed only if you are doing something that interests you or something that you care deeply about. Entrepreneurs who succeed do not mind the fact that they are putting in 18 hours a day in their business because they absolutely love what they do and they believe in their mission.
