Are You Built to Be Your Own Boss?
To be an entrepreneur or not to be an entrepreneur. That is the question!
Not everyone is built to be their own boss and run their own business. And that’s okay. That doesn’t mean you can’t be – or aren’t – successful. But, sometimes we can let the fantasy of being independent get the better of us, and before we know it we’ve quit our job and taken out a second mortgage on our home for startup capital.
Starting your own business is a major decision and shouldn’t be taken lightly. Figuring out if you should become an entrepreneur is like choosing your own adventure. Read on…
Things to think about before you decide to become an entrepreneur
How are you with uncertainty?
If you don’t like living in the unknown, then you’re going to hate the startup process. It’s a tumultuous period where everything and anything can go wrong. You have to be able to stay focused on the end goal and roll with the punches. You have to be like a cat, twisting in mid-air to always land on your feet. Hopefully. In the words of Tim Gunn from Project Runway, the startup phase is basically one big “make it work moment”. Some people thrive at this moment, others crumble.
If you thrive in controlled chaos and are quick on your feet,
then continue reading…
In order to “make it work” you have to be focused and organized like never before. Your budget is the one major area where you cannot afford to make a mistake. If you are the type of person who is constantly surprised when you see your monthly bank statement, then you may want to reconsider starting a business on your own. You’ll need someone with a stronger financial bone to walk with you. If you’re sloppy with your books, you’ll be broke and out of work in no time. On the other hand, if you know exactly how much you have, right down to the number of pennies hidden in your couch, then you are one step closer to entrepreneurial success.
If you know exactly how much money you have at all times,
then continue reading…
Balancing a budget and managing money is one thing. It’s math; numbers don’t lie, you either have it, or you don’t. You either know what everything costs, or you don’t. But balancing and managing a budget is not the same as being organized. You need to be detail oriented and know how to manage your time, your projects, and your staff. Scatterbrains rarely make for successful entrepreneurs.
Are you still with us, or are you updating your resume?
If we haven’t scared you off yet, then keep reading
The last thing you will need is a competitive spirit and a bit of an ego. You don’t have to be a self-absorbed narcissist, but to succeed as an entrepreneur, you have to believe that your product or service is better than everyone else’s. And that you are the best person to present it to the world. No one is going to hand you success. You have to grab it with both hands.
If you are flexible, quick on your feet, good with money, organized, driven, competitive and (slightly) egotistical then you could be the next great entrepreneur. Good luck!