I’m not going to sugar coat it…entrepreneurship can be hard. Yes, it’s fantastic setting your own hours, creating your own income and not answering to a boss, but the truth is, you need to either currently possess or hone some skills to make sure you have what it takes.
When you first quit your job to do what you love, the feeling is euphoric, but if you’re not careful, you can end up binging on Netflix for a month before you realize your cable is about to get shut off.
So, how do you decide if you’re ready?
There are 10 characteristics most successful entrepreneurs possess. If you don’t have them, it doesn’t mean you’ll never be an entrepreneur. It just means you’ve got some stuff to work on.
Ready to learn?
This one should be obvious. If you lack self-discipline, you’ll end up at the movies with friends instead of buckled down at your laptop. You’ve got to be able to stick to your schedule and get something done every single day.
Discipline is not an easy skill to develop, but if you’re motivated enough, you can find a way to train yourself!
2. Unafraid of Risk
There is ALWAYS risk with entrepreneurial endeavors, but to be honest, there is with any job. Your secure bank job is only as secure as the customers supporting it. Huge corporations go belly-up all the time. You just have to decide for yourself whom you’re willing to take the risk on.
Life is hard when you struggle with making your own decisions, and entrepreneurship is even harder. You won’t have a boss to turn to for answers when facing a huge decision. You will just have to buck up and take responsibility yourself. The faster you can become at making them, the easier it will become. Trust your gut!
If you’re bootstrapping your business and starting out on a budget, it can be difficult to know what you need to set aside and what you can spend. The bottom line is that you’ll probably need to reduce your spending to ensure you have enough to cover taxes and business expenses the first year. Get control of your finances and find out what’s coming in and going out.
That’s right. Anyone with an entrepreneurial spirit has usually envisioned his or her success in his mind long before they ever took the first step. While daydreaming instead of working can be detrimental to your success, a healthy vision is a necessity for future success.
Let’s face it, any endeavor has its ups and downs, but it can be especially true when you go it alone. It’s easy to get down in the dumps and forget to see the big picture, but if you keep a positive outlook, things will go a lot smoother for you!
Along with a positive outlook toward your new venture, you also have to believe in yourself enough to know that you have what it takes to accomplish your goals. Without it, you’re likely to crumble at the first sign of adversity!
Almost nothing goes exactly as planned, and that’s okay. One of the best qualities you can have is the ability to roll with the punches and adjust accordingly.
Nobody can do it all on their own, and even if you start out that way, there WILL come a time when you need a little help. Be it advice, assistance or just a shoulder to cry on, don’t be too proud to turn to people you trust!
All of these qualities really boil down to self-awareness. Be willing to see the bad with the good in your own character and make the necessary changes to succeed.
Get to Work!
If you find yourself lacking in any of these areas, don’t give up hope. All these skills can be learned and developed with a little hard work. That’s why so many entrepreneurs start their endeavors as side hustles and hone their skills before they leave their day jobs.
What’s the old saying?
“If it were easy, everyone would be doing it!”