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Business

Are You Ready to Be an Entrepreneur?

By May 9, 2018October 2nd, 2020No Comments

Are You Ready to Be an Entrepreneur?

Every entrepreneur is in a relentless pursuit to grow their business. They usually do this by looking at external methods, such as outsourcing key tasks like accounting, or installing automation software to take care of mundane tasks so they can focus on more important matters. They may try out new marketing tactics or sales strategies as well.

All of these external measures can make a tremendous difference in your business. But we often forget about internal factors, such as beliefs, attitudes, opinions, or habits of thinking, which have a massive impact on your business’ success. In fact, these internal factors are instrumental in determining the success of your business.

In order to be an entrepreneur, it’s possible you may have to let go of old ways of thinking and familiar ways of doing things. You may have to push past your current boundaries like never before.  You may have to let go of the idea that when you work, you’re guaranteed to collect a paycheck, no matter what.  Entrepreneurs are paid when they accept opportunities, involve themselves in innovation and create value for their audience.

That might seem overwhelming right now, especially if you’re accustomed to going to work Monday through Friday, going to tons of meetings, doing what you’re told and collecting a paycheck at the end of the week. But, don’t worry, you can do it, it’s in you. Developing your entrepreneurial mindset just takes learning to think and take action in a new way.

Determine Who You Are & Who You Want to Be

It all starts with being honest with yourself about who you are now. A great way to get to know you is to take a personality test. When you take it, whether it’s this one at 16 Personalities, or another one, it will help you get to know yourself. The key to taking these tests and getting helpful answers is to be completely honest. There is no right or wrong answer. But, the answers will give you a clear picture of who you are right now and where you can improve.

Here are some questions to ask yourself when considering entrepreneurship:

What are your values? – You can determine your values by your former actions when confronted with a problem you had to overcome or a decision that you had to make. These are the times that your real values emerge, not just the ones you say you believe in. Look back on your own choices and determine your real values. If you have made mistakes and gone against your core values, identify those times and determine how you can make a different choice if you encounter that situation again.

What are your skills? – Even if you’re not currently an entrepreneur, you already have skills that you can put to use as an entrepreneur. Make a list of what you currently do today. Focus on the deliverables that you provide to your employer. These are the skills that you have that can be valuable to you in your entrepreneurial ventures.

What are your strengths? – You’ve heard the idea that you need to leverage your strengths, but how do you know what they are? Be honest, so that you can determine your real strengths. Try asking five of your closest friends to tell you the truth about what your strengths are, and then if you receive some of the same answers, it may be an indication of your true strengths.

What are your weaknesses? – While you can improve upon your weaknesses, you should first leverage your strengths.  It’s important to know your weaknesses and try to improve them if you can. It’s still more important to focus the majority of your efforts on improving your strengths however, minor adjustments to your weaknesses can make all the different in your long term success.  For example, if you know that you’re always five minutes late, by working on being on time in the future you can improve your overall chances for success.

It can help to know the top traits of a successful entrepreneur.  Only when you know who you really are, the good and the bad, will you be able to truly assess yourself to see if you have what it takes to be an entrepreneur.

Are you ready to transition from an employee to entrepreneur? Check out my course “Transitioning from Employee to Entrepreneur” and learn the tips and information you need to know to prepare for entrepreneurship.

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