The Right Stuff
by Jane McLain
Are you thinking about starting your own business but not sure whether you have the right stuff to succeed? Find out how well you fit the profile of a successful entrepreneur.
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Are you considering becoming an entrepreneur but not sure whether you've got "the right stuff"? If you're worried that you don't fit the profile of a successful entrepreneur, take heart. We usually think of entrepreneurs as confident extroverts, but plenty of entrepreneurs have succeeded in their own quiet way while keeping a low profile.
Age is not a deciding factor; both high school students and retirees have built thriving businesses. A college degree is not a necessity -some of the most successful entrepreneurs skipped college altogether or didn't finish their degrees. Previous business experience is very helpful, but even that is not a prerequisite if you're willing to learn.
Ultimately, the success of your business venture depends mostly on you. It's your abilities, attitudes, and efforts that will determine your future success. I don't believe there is one single "type" of person who is destined to succeed, but possessing certain personal traits and characteristics does improve your chances significantly:
Committed: You can decide on a course of action and see it through. You're capable of making a sustained effort over time without giving up or losing interest.
Confident: You believe in yourself and your dream, and you don't let anyone talk you out of it. Your own self-confidence inspires the confidence of others.
Creative: You're an innovator and aren't afraid to experiment. You dare to be different, and you'll gladly try something new in order to pull ahead of the pack.
Decisive: You can quickly assess a situation, evaluate your options and make a decision. You're never paralyzed by indecision, even under duress.
Disciplined: You can set goals for yourself and work toward them without anyone looking over your shoulder. You're self-motivating and do what you need to even when you don't particularly enjoy it.
Enthusiastic: You believe in your business and feel passionate about what you're doing, and your enthusiasm is contageous.
Flexible: You're willing to try another tack when what you're doing isn't working. You can identify priorities and switch tasks as needed.
Focused: You know how to put first things first and stay focused on what really matters. You can set priorities and stick to them.
Organized: You're well-organized in your thinking, actions and work habits. No matter how busy you get, you don't succumb to chaos.
Patient: You don't give up when success takes longer than you expected. You keep your long-term goals in mind and keep moving forward.
Realistic: You recognize that running a business means facing many challenges and you can face them head on. You set realistic goals rather than attempting more than you can reasonably accomplish.
Resilient: You're not easily discouraged. When faced with setbacks you're able to pick yourself up and get going again, and you don't let short-term failures stop you from pursuing your long-termgoals.
Resourceful: You have a knack for leveraging your resources (time, energy, money, technology) to put them to the best possible use and you know how to get the maximum return on your efforts.
Versatile: As a solo entrepreneur, you'll probably find yourself filling multiple roles -top executive, receptionist, secretary, marketing manager, computer technician, salesperson, etc. Being a versatile person with a range of skills and aptitudes is definitely a plus.
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Is the Entrepreneurial Life for You?
Working at Home and Making It Work
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