Do you have what it takes to be an entrepreneur?



The idea of starting your own business is appealing to a lot of us. The dreams of being your own boss, coming out with the next big thing and possibly, one day making a few bucks. But do you really have the chops to be a do-it-yourselfer?

We found an interesting article in, of all places, the U.S. government’s Small Business Administration website that asks the question ‘Is Entrepreneurship For You?

They give a list of characteristics and skills commonly associated with successful entrepreneurs.

  • Comfortable with taking risks: Being your own boss also means you’re the one making tough decisions. Entrepreneurship involves uncertainty. Do you avoid uncertainty in life at all costs? If yes, then entrepreneurship may not be the best fit for you. Do you enjoy the thrill of taking calculated risks? Then read on.
  • Independent: Entrepreneurs have to make a lot of decisions on their own. If you find you can trust your instincts — and you’re not afraid of rejection every now and then — you could be on your way to being an entrepreneur.
  • Persuasive: You may have the greatest idea in the world, but if you cannot persuade customers, employees and potential lenders or partners, you may find entrepreneurship to be challenging. If you enjoy public speaking, engage new people with ease and find you make compelling arguments grounded in facts, it’s likely you’re poised to make your idea succeed.
  • Able to negotiate: As a small business owner, you will need to negotiate everything from leases to contract terms to rates. Polished negotiation skills will help you save money and keep your business running smoothly.
  • Creative: Are you able to think of new ideas? Can you imagine new ways to solve problems? Entrepreneurs must be able to think creatively. If you have insights on how to take advantage of new opportunities, entrepreneurship may be a good fit. 
  • Supported by others: Before you start a business, it’s important to have a strong support system in place. You’ll be forced to make many important decisions, especially in the first months of opening your business. If you do not have a support network of people to help you, consider finding a business mentor. A business mentor is someone who is experienced, successful and willing to provide advice and guidance.

Now the SBA might seem a little low-tech in this day and age and some of their articles might be a bit out of date, but if you are thinking about starting a small (or even mid-sized) business it’s worth taking the time to browse their site.



Guy Wright

Guy Wright has been covering the technology space since the days when computers had cranks and networks were steam powered. He has been a writer and editor for more years then he cares to admit.


More

Living With The Amazing New AMD Radeon RX 480 “Rebellion” Graphics Card

I’ve been running the Radeon RX 480 graphics card which AMD launched under the “ Radeon Rebellion ” campaign and I have to say I’m impressed . Not only does this card fit in the size and power envelope for a Mini-ATI case build but it is playing games better than my aging NVIDIA GTX 680 card at the moment and it is only a $200 part in 4GB trim and it costs 20% more $239) for 8GB a relatively easy upgrade decision. AMD, rather than focusing on the high end of the market with this part and line, decided to go after the space where more of us live. While there clearly is a market for builds that...

Lady Gaga Gets China Ban After Dalai Lama Meet

The barrage of angry and critical comments came after the singer posted photos of herself with the Dalai Lama.

The Porsche 911 2016 - Tradition with a Price

Porsche claims that the maximum torque available over the entire range will be a massive 5,000 rpm.