Would you like to start your own business but aren’t sure if you’re up to the task? It’s impossible to know for sure. I do find some similarities in the family and emotional elements of people considering entrepreneurship.
Is your personality suitable for running your own business?
In order to start a business, what do you need to know? Nobody really knows for sure. However, I do find things in common among people who are able to consider becoming entrepreneurs.
To be a good candidate for entrepreneurship, you do not have to fall into all of the categories mentioned below. However, it would be helpful if you did. Generally speaking, the more you have in common with these traits, the closer you probably are to being ready to try things on your own and become a successful entrepreneur.
1. Throughout your family history, there have been people who could not work for others. In no way do I mean it in a negative way. Those who are successful at establishing their own businesses are likely to have had parents who were self-employed. Generally, it is easier to get a job with a company than it is to start your own business. People who go out on their own often have their parents as a direct source of inspiration.
2. You must be a lousy employee. Let’s face it. It is common for entrepreneurs to have quit or been fired from more than one job before starting their own business. This does not mean that you were laid off due to a lack of work or that you changed jobs for better pay. Rather, you were asked to leave or quit before you were fired. Think of it as the market telling you that you are the only one who can motivate and manage yourself effectively.
4. Either you’ve gone as far as you can, or you’re not going anywhere at all. It is sometimes the feeling of reaching the top of your pile, looking around, and saying, “I want to start something new.”. Early success can be wonderful, but early retirement can drive energetic and motivated individuals into madness.
6. Your family supports you. Even under the best of circumstances, starting your own business can be stressful. If you attempt to do so without the support of your spouse or other important family members or friends, it would probably be impossible and not advisable.
7. You know that you cannot do it alone. For example, you might be good at promoting a business. Perhaps you enjoy managing finances. Perhaps you can start a business because you are creative or have the technical expertise to create a product.
The above are all possible, but you are unlikely to be good at all of them – or all the tasks involved in operating a business. Don’t try to do everything yourself. You will need some assistance at some point.
“Don’t limit yourself. Many people limit themselves to what they think they can do. You can go as far as your mind lets you. What you believe, remember, you can achieve.”
– Mary Kay Ash, Founder Mary Kay Cosmetics
