Trends and Opportunities

Entrepreneurship requires persistence, hard work, commitment, reliability, decisiveness, risk, and failure management. As an entrepreneur, your challenges will include balancing family and work, maintaining focus, reaching emotional and monetary goals, and dealing with the initial exhaustion inherent in almost any entrepreneurial venture. Always, keep your balances right and push through for success and impact.

In addition to a strong work ethic and the ability to handle stress, an entrepreneur must possess basic business skills. Determine where your strengths and weaknesses lie in the areas of sales, marketing, financial planning, and so on. If you find yourself questioning your abilities in any one area, search out online seminars, books, and mentors to fill your skill gaps before making the entrepreneurial leap.

There is no "ideal" entrepreneurial personality. All are risk takers and work incredibly hard. They identify their personality traits and utilise them to build their business.

Incorporate Yourself

Mind-map your way to a picture of what you want you to become, your product - yourself. In your entrepreneurial journey, there is no such thing as a wrong idea or a wrong direction. As you keep your focus on the reasons why you want to be an entrepreneur, and what success means to you, you would have reviewed your skills, accomplishments, and passions. It is now time for you to mind-map the kind of business you want o build.

A business is a living, breathing entity, and it takes time for the golden egg to hatch. As you incorporate yourself in your business, be prepared to wait while. So you want to start a business on your own, be your own person, build a team, and give opportunities for others to grow? Do you plan for early retirement or have that burning desire to build a global business?

To find out more, answer the questions as specified below and assess your readiness for the entrepreneurial venture. If you really have what it takes, you should be able to answer each question, easily, with a "yes".

25 Questions to Answer to See if You Have What It Takes to Be an Entrepreneur

1. When you've been disappointed, have you dealt with it and come back with a positive state of mind?
2. Do you like to be the center of attraction, sell yourself or the business you are in?
3. Is it easy for you to be organised?
4. Do you know how to take control of your life and be self controlled?
5. Are you a risk taker?
6. Do you have a vivid imagination and know hoe to express your creative side?
7. Are you able to take what seems like a detriment and turn it into an opportunity?
8. Are you courageous and patient?
9. Is your family in a position to cope with the lack of freedom you will experience when you start your new business?
10. Do you know how to fight for what you believe in?
11. Do you like people?
12. Have you ever had any management experience?
13. Do you dread routine?
14. Are you reliable and self confident?
15. Do you ignore the judgment of others when you really believe in someone or something?
16. Do you have a knack for influencing others?
17. Do others describe you as an enthusiastic person, full of life?
18. Do you like the idea of working alone most of the time?
19. Do you enjoy being on the telephone and talking to strangers?
20. Do you wake up early in the morning with a positive attitude?
21. Is your financial situation stable?
22. Have you done your homework - studied all materials that cover the business you are going to start?
23. Do you know how to laugh at yourself?
24. Is it easy to control your temper with others?
25. Do you get bored easily?

If these are easy questions, you are set to start and manage your entrepreneurial venture.

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