10 Telling Signs You Were Born For Business. It goes without saying that entrepreneurship is not for everyone. Just because one used to sell sweets back in the day, or comes from a business oriented family doesn’t mean you cut out for business. The following signs will help you gauge if business is for you, or you should join the corporate world.
1. You Have The Passion
Many people run to start their businesses because of unemployment. Since there is no passion, dedication also gets compromised. The most important thing is that you have the drive and passion to do whatever it takes to make this thing work. Being passionate about being an entrepreneur means you have a compelling new business idea, and a willingness to face risk.
2. You Have Many Business Ideas
A good business person has more than just one idea. You must be ready to adapt and adjust to anything when things change. A single good idea won’t make a good business in the long run, and that’s an important thing to keep in mind when starting out.
3. Your Lifestyle Allows You To
Starting a business isn’t for everybody. On top of the amount of time and work it will take you, a startup will also cost you a lot of money with the risk of it not paying out in the end. If you have people relying on you in everyday life, this risk may not be worth it. It might be a good idea to have a talk with the people your change of lifestyle will affect before jumping in.
4. You Always Take Risks
Running a business means taking on the tasks that you planned for as well as managing all of the unexpected responsibilities that pop up along the way. To be a successful business owner, you need to be willing to continue to learn new skills.
5. You Are A Self-Starter
You want to be your own boss. And you know exactly what that means. Nobody will hold you accountable and kick your ass if you don’t do the necessary work — especially in the early stages when you have no clients yet. You need to be an absolute self starter in every aspect. You need to know what to do and motivate yourself to do it.
6. You Don’t Mind Getting Your Hands Dirty
You know that starting your own business means wearing many different hats in the beginning. And most of them will entail unexciting, tedious and manual work rather than going to big meetings, thinking of fancy marketing strategies or managing people.
7. You Are Able To Manage Yourself
You are a master of efficiency and effectiveness. Procrastination is not part of your vocabulary and you have powerful strategies to manage your distractions and emotions in order to fully focus on your work. You have no problem getting into your deep work zone for a couple of hours every day to drive significant progress on your most important projects.
8. You Can Manage Other People
Along with being your own boss, you’ll also be the boss of any employees you take on. That means you need to effectively navigate the hiring and training process, mediate any problems, and boost morale, just to name a few of the top-of-the-ladder requirements.
9. You Can Handle Failure
Despite all of your planning, dedication, and hard work, countless other factors will affect the success of your venture. That means that as hard as it is to face, your business could fail. If that happens, you could face all sorts of financial and emotional repercussions that you need to be able to handle. Before you take the leap, be sure you fully understand the risks.
10. You Are Ready For Success
While you should be prepared for what comes along with a failed business, you also have to be prepared for success. If things take off the way you surely hope they will, then you’ll be in high demand, and your schedule will likely be jam-packed. You’ll have to juggle ever-growing responsibilities and make increasingly daunting decisions. You might have to manage more employees than you ever bargained for and more money than you ever imagined.