Are You an Entrepreneur?

February 14, 2010 at 1:38 pm

You’ve probably read a hundred job descriptions in your lifetime. “Fortune 5000 company seeks highly motivated middle manager for much work and little pay.” Or how about, “small company hoping for growth seeks entrepreneurial mind so that you can work and boss can take the credit.” If either of those jobs describes you then by all means go for it. But what if there was a job posting for an entrepreneur? What would the description be for someone willing to strike out on his own?

First, an entrepreneur has to be creative. It is said that genius is seeing something that no one has seen before. Well, entrepreneurship is seeing a need no one has seen before and then figuring out a great way to fill it. Just getting the idea for a business requires creativity, let alone keeping it going. Marketing your business requires creativity. Keeping it running on a shoestring requires creativity. You need to be able to think outside of the box.

Secondly, if you are going to strike out on your own then you need to be willing to work hard. Remember, as an entrepreneur your success or failure will be on your shoulders and yours alone. If your idea bombs you will have no one to blame but yourself. Granted if you strike it big you won’t have to share the credit with anyone either. Sure there are stories out there about people whose first idea made them a million dollars in just six weeks. The truth is that most of those stories are exaggerations or outright lies. Every supposed “overnight success” likely reflects months and years of hard work leading to that single breakthrough. An entrepreneur needs to be willing to work hard to make that breakthrough happen.

Thirdly, you need to believe in yourself and your ideas. Entrepreneurs need to be just egotistical enough to believe that against all odds their idea has merit and can work. After all, if you don’t believe in your idea then how could you possibly sell it? You also need to be charismatic enough to get other people to believe along with you. It is people believing in you and your idea who will be your ever-important first clients. These will be the people who give you a chance before you have any sort of reputation or track record.

Lastly, you need to be willing to take risks. This doesn’t mean an entrepreneur is foolhardy though. It means you are willing to take calculated risks. Moving into a new field is a calculated risk. It may be something you’ve never done before but if you weigh out all of the options you can see that it has a good chance of paying off. You need to be able to take those risks without too much second-guessing and wondering if you’ve made the right decision.

If you’re considering striking out on your own then consider all of these traits of an entrepreneur and think about if you have them in the right quantities. If you’re creative and hardworking, and if you believe in yourself and can take risks then you might just have what it takes to be an entrepreneur.

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Entry filed under: Business.

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