Do you aspire to be your own boss? Do you think that you have an awesome strategy to tackle issues arising? Do you see opportunities all over you look? Then, you might be an entrepreneur.
To know if you can be an entrepreneur, you must understand what an entrepreneur is. However, this is not as basic as it sounds since the definition has been changing for decades.
The primary definition was basically someone who invented something. Inevitably, it was changed into someone who owned a business. Neither any of these definitions truly fit the term entrepreneurship. The best definition I ever which is also widely used today is this:
A person who organizes, manages, and assume the risks for an enterprise.
This definition portrays that entrepreneur is not an individual who “invented” something, but who sees an opportunity and build a business around it. An entrepreneur has a vision and builds around it.
Uncovering Entrepreneurial Myths
Not just have definitions have been changed, numerous myths have been flying! There are numerous myths connected with what it takes to be an entrepreneur.
Myth #1: Entrepreneurs are conceived, not made.
Is it true that you are either born an entrepreneur or you are not? Are you not satisfied working for someone else in light of your genetic makeup? Truly, entrepreneurs basically have a flair creativity and energy. These are things that we are born with. Nevertheless, just having these qualities does not make you an entrepreneur.
These abilities without anyone else’s input are like unmolded clay. True entrepreneurs take these qualities and gather the appropriate skills, experience, and contact. They are continually looking for opportunities to make improvements.
Obviously, there are talents most entrepreneurs are born with, but it depends on you to use and improve these talents!
Myth #2: Starting up a business
Despite the fact that anybody can acquire a business license and open shop, there is significantly more to “starting a business” than starting up. The simplest part is starting up. The hardest part is surviving, managing, and building. It takes work to succeed, to build, to persevere, to create, and succeed. To be a champion it takes determination, creativity, diligence, time, and resources
Can anybody be an entrepreneur? Yes, they can. Can anybody succeed? Yes, if they put their heart and soul into it, with the right resources, they will definitely succeed!
Myth #3: Entrepreneurs are their own bosses and totally autonomous.
The fantasy of being “your own boss” frequently captures the attention of those working for private organizations. There is this thought that the boss makes up the guidelines and only has fun. This is a lie! Entrepreneur, though independent, need to serve numerous experts, including clients, employees, families, and those included in social and community obligation. However, entrepreneurs can make free choices of whether, when, and what they care to respond to.
Myth #4: Entrepreneurs are motivated by the quest for money
A sense of individual accomplishment and achievement, feeling in control they could call their own fates, and understanding their vision and dreams is the most capable inspirations for entrepreneurs. Money is viewed as a tool and a way of keeping score.
Eight Entrepreneurial Characteristics
Keep in mind that entrepreneurs are always striving to improve themselves. So in reality, if you want to be an entrepreneur and you wish to work on it, you can definitely be one!
Decades ago, people have concentrated on entrepreneur to find out what makes them successful. Some attributes seem to show up continuously. Here are a few characteristics you need to have and enhance if you wish to be a renowned entrepreneur
- High Energy
- Self confidence
- Prepare to work hard
- Risk taker
- Good Communicator
Take a good look at the list. Do you have these qualities? if not, which ones do you need and what would you be able to do about it?
For example, do you like organizational skills? There are a lot of books and website devoted entirely to this subject. So, read good books, find sources online and follow their advice. Entrepreneurship can be learned, not just one you are born with. So if you aspire to be an entrepreneur, be honest with yourself and work it out!
Five Entrepreneurial Resources
In addition to the characteristics, entrepreneurs must have some basic resources within their reach:
- Sufficient money to see the project through: Most fails not because of ideas, but dues to unavailability of capital to implement some ideas.
- Healthiness: Being an entrepreneur requires a lot of diligent work. Being in poor physical shape won’t help you to be effective in your new pursuit! Think of some as new activities, such as working out, stopping smoking, or taking a stress management class.
- Creativity: You can’t offer something that other people are already selling. It’s not important to be brand new, but it’s important to have a new twist.
- Family/companion support: Since being an entrepreneur takes a great deal of time, you will need to have family support, no matter what. .
- Experience: You need to have passion and little experience on how your niche works.
Exactly like talents, these resources can be acquired. The significant point here is that, you cannot be an entrepreneur without them. Exactly as with the abilities, these assets can likewise be gained. The point here is that you can’t be a business person without them!
So now you know what it takes to be an entrepreneur. Do you have what it takes? Do you have the capital? Are you ready to sacrifice whatever it takes to get them? If you can answer yes to these questions! Then you are good to go!