Do you have what it takes to be an Entrepreneur?

There is an enormous difference between wanting to
do something and being able to make a living at doing
that something. Have you ever watched the American
Idol audition shows and witnessed a tone deaf
singer's shocked reaction when the say he or she will
never have a shot at becoming a professional singer?
The same thing can be true for entrepreneurship.
Being a successful business owner requires investing
your own money in addition to a ton of time and effort.
Despite the appeal of being your own boss, the reality
is that not everyone is cut out to be a successful
business owner.
Here are five quick personality assessments to evaluate
before taking the entrepreneurial plunge:
Are you Santa or an elf?
Entrepreneurship requires managing a wide variety of
tasks as part of the business, from marketing and
accounting to training, customer service and more.
Can you wear multiple hats, as Santa does with
Christmas, or do you prefer to be the elf that loves to
execute specific tasks? Do you take initiative or do you
want clear instructions? Santas make better
entrepreneurs than elves do.
What's your relationship with money?
Starting a business requires money to start, to operate
and for you to live on while it scales. If you are a big
spender and aren't great at managing money, those
bad habits are likely to follow you into a business. And
if you are usually unable to make worthwhile
investments in the future of your business for fear of
ending up living in a cardboard box if things go wrong
then you may end up penny wise and pound foolish ,
as they say. Having a solid, non-emotional money
relationship will help you make wise business
decisions.
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Are you comfortable flying blind?
The only thing that is certain in business is that
nothing is certain. Are you comfortable with being
uncomfortable? Can you handle taking educated risks
and surviving the constant ups and downs of owning
a business? If you are looking for the certainty or a
drama-free zone, you may find yourself terrified of the
entrepreneurial roller coaster.
Are you ready to commit?
Running a successful business is not just about
having great ideas. It's more about strong execution.
So, if you have a hard time staying focused, you are
lousy with commitments and you're averse to the idea
of working day in and day out on the same thing, then
entrepreneurship may just be a passing fancy for you.
Were you born for business?
Were you interested in business as a child? Did you
seek out entrepreneurial roles in school, in social
organizations or even in your previous job? A natural
inclination of past interest in entrepreneurship seems to
be a good potential indicator of future success.
Think you're cut out to be an entrepreneur? Or are you
still unsure? Take this informal quiz to see how your
answers compare with the popular profile of today's
successful entrepreneurs.
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