Having a great business idea is one thing, but do you have what it takes to become an actual business owner?
Although there is no precise formula to indicate what exactly make a perfect business person, observations on real-life cases have given us many insights into the characteristics a person should have to become a successful entrepreneur.
But today I’m doing something different. In this blog, I’m going to talk about the bad traits that are considered red flags for entrepreneurship, and those who have these traits should consider other careers for their own good.
To find out if you have what it takes to become a successful entrepreneur, ask yourself these questions.
Do you hate risks?
An entrepreneur who claims to be risk-averse is not an entrepreneur. The entrepreneurial world is full of risks – so full that you can’t make a move carelessly if you don’t want to make a detrimental mistake that could cost you a business. An entrepreneur should be a person who is interested in and is willing to partake in calculated risks.
Are you an active person?
“Success isn’t earned without hard work” should be the motto of every entrepreneurs out there. Any person who is looking into becoming an entrepreneur must be willing to become an active person and work the hardest that they can to achieve success. They should be aggressive and competitive enough to constantly fight for what they desire.
Are you open to change?
Do you get frustrated when there’s a change in the plan or circumstances? If yes, I strongly suggest you to find another occupation. Nothing is stable in the world of an entrepreneur, and changes will happen all the time with new information being updated every minute. It’s essential that entrepreneurs have an open attitude towards changes in order for them to become successful individuals.
Are you an emotional or temperamental person?
Sensitivity and passion are often considered two key positive traits of an entrepreneur. However, an excess of these characteristics is not a good thing for a person whose role is the leader of a business. Constant mood changes and emotional outbursts may lead to less rational decisions, which will lead to a loss of staffs, associates, and customers’ loyalty and trust.
Are you a team player?
Many people want to go into entrepreneurship just because they don’t enjoy working with others. Hate to break it to you, but every kind of business requires a team or collaboration of some sorts in order to function properly. You might have a great idea, but without the help of others, it’ll be difficult for you to make the break in the market.
Want to know more about Entrepreneurship? Need help with planning for your business? Contact Maverick Mentoring today via 3 9005 8275, and receive a FREE 1-on-1 business consultation tailored specifically for you and your business.