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Do You Have What it Takes to be an Entrepreneur?

Do you have the stuff it takes to make an entrepreneur? That’s a question I’ll bet a lot of people ask themselves. If you’re asking it of yourself, then chances are you have the first ingredient necessary to become an entrepreneur.

It takes a lot of ingredients, not just one, to come up with your own idea and make a business – and then a living – out of it. Trust me; there are many individuals who simply aren’t cut out for the task. There’s nothing wrong with you if you aren’t, but you’ll be that much better off if you are.

Key Ingredients to Becoming Entrepreneurial

I’d like to show you just a few components in a big recipe for entrepreneurship. These are the key elements that will help you take a step back and really evaluate where you stand on the scale between working for someone else and having other people – and your own ideas – work for you. You might be surprised at what you come up with.

1. The drive:  Motivation is often the driving force behind a successful business. You have to WANT it if you’re going to reach out and take it. Or, you might just be hungry and need to pay your bills. The moral of the story is, if you’re lukewarm about whether you want to become and entrepreneur, then you’re probably not going to reach any goals in that department whatsoever.

2. The idea: Not everyone has an entrepreneurial mindset. If you go about your day accepting things the way they are and just tolerate what you don’t like about so-called facts of life instead of finding a way to improve them, then you probably don’t have an entrepreneurial mindset. However, if you sit in the leather seats in your car on a hot day and try to figure out a better way of cooling them off without using seat covers or air-cooled seats, you probably have what it takes to succeed as an entrepreneur.

3. The follow-through: Having a great idea for a business does you no good if you can’t – or won’t – follow through on it. Lots of people have good ideas that never act upon them. That doesn’t make them successful small business owners; it makes them great philosophers and philanthropists. The follow-through part is probably the toughest element to come up with, because it takes a lot of doing on the part of the doer.

4. The know-how: Contrary to popular opinion, you can’t really get by with just an idea these days. You have to know how to implement it, or at least how to find someone else who does. And if the latter is the choice you’re stuck with, then you better have some capital set aside with which to pay that person. It’s almost easier to learn certain things yourself than it is to hire someone to do each and every little thing for you. So if you have an idea, you might consider educating yourself on how to get the word out about it, or you might end up out a lot of money for naught.

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About Sean Donahoe

Sean is one of the most recognized industry leaders in business and marketing. As a popular speaker, author, consultant he has helped over 50,000 students world wide find success in their businesses and has consulted with Fortune 500 companies and businesses of every size grow and thrive...

2 comments

  1. Great stuff indeed !
    I like yr style, I’m in it already

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