What Makes An Entrepreneur Tick?

It is only natural that when you start a business, you are doing something different than most people. They not only will look at you because you stick out like a sore thumb _ but human nature will cause people to naturally ridicule what you are doing. They will tell you all types of things like: “You’re not business material.” “You can’t make a living working for yourself.” “You’ll fail because nobody can ever make any money that way.”

Entrepreneurship is not just about having a lot of ideas or business sense. It is also about having a lot of guts. You have to build self-confidence in yourself. You have to only be concerned with pleasing yourself and your Creator (God) _ not mankind. Then, when (and if) you should fail with this particular venture, you’ll just dust yourself off and start again. It doesn’t matter if people “think” you’re nuts! They aren’t paying your rent and running your life. Don’t be concerned with what people “think” you should be. Just please yourself and do what you feel is right. People are too busy competing with society and “keeping up with the Jones’s” that they do things they are not comfortable with just to appease them and look “normal” (whatever that is.)

And if you have to start out small in building your self-confidence. I used to be so self-conscious that I would never eat at a restaurant alone because I thought people would believe I was lonely and had no friends. Unbelievable, but true. But, everyday I worked on walking into a restaurant, taking a magazine to read and eating alone. I would glance around, and to my amazement, no one ever looked at me. No one cared that I was eating alone. Then _ it dawned on me; “Who cares what these people think? I’ll never see them again.” Besides, there were a lot of other people eating alone also and I could absorb myself in the magazine I had took to read. Now, I can eat in restaurants and not give any thought to the people around me.

But back to business _ when most people do fail in business they try to “save face” by telling everyone they are “just in a slump” and everything will be back to normal soon. Besides, they don’t want people to say: “I told you so” and destroy any pride they are still hanging onto. Unfortunately, this only delays the problem and creates even more false hope for the people in your life as well as yourself.

The best thing to do for anybody in this catastrophe is to swallow their pride and admit they screwed up. Just face it head on! Admit that you were so proud of your accomplishments that your mind became diluted with “visions of sugar plums and fantasyland.”

If your small business is beyond repair, go out and find a job and begin working on your next small business in the near future. Keep your family fed and your financial obligations met but look forward to the day when you WILL succeed with your new business venture.

And why should you try again? Simply because you won’t make the same mistakes you made this time. If you built something successful before (but failed), you are certain to build the next business stronger and wiser. Even if you fail the second time, it won’t be because of mistakes you made the first time. You’ll learn more and more _ and eventually be successful. It’s inevitable!

With Internet’s help, you can get a lot of ideas by searching from google.com and overture.com, yahoo.com. In today’s information world, you are in a much better position to be successful if you really want to succeed.

Essential Qualities Of An Entrepreneur

It is a great idea to want to start a business, but a person has to analyze and estimate if he has the qualities that are essential for being a successful entrepreneur.

Qualities of a Successful Entrepreneur:

Entrepreneurs are persevering, are lovers of challenges, are action oriented and are quick to learn, and adopt techniques to perform better as well as improve their business. They are independent extroverts who have the ability to lead people, manage them effectively, and steer their business toward its success. They are intelligent and able to utilize their skills, time, resources, and energy effectively. They are emotionally stable and healthy. They set reasonable, realistic goals and determine the ways to achieve the goals without fuss, have good communication skills as well as the ability to judge people and trust them accordingly. They have business acumen even without attending any business school and have the right instinct to make the right decision at the right time. They have the ability to make maximum use of the available resources and do not fear failure and are able to solve problems and seek solutions to existing problems easily.

Some Other Traits of Entrepreneurs:

o Leadership: An entrepreneur is a natural leader with the vision and the drive to do things right and steer his company toward success with ease.

o Confidence: He has to be self-confident, confident in his plans as he has carefully researched them and has mastered the skills necessary to implement them carefully.

o Energetic: They have amazing capacity for hard work and are energetic, motivating those that come in contact with them on account of their drive and determination.

o Creative And Innovative: This will be an essential criterion to design and sell products that are interesting which offer several benefits and have a competitive edge, making sure they capture the target market on launch without much difficulty.

o Organized: Entrepreneurs have to be highly organized and systematic, making it possible to achieve things in a much shorter time. The ability to deliver anything that has been promised on time and the ability to stick to schedules are necessary for a person to be a successful entrepreneur.

o Have Trouble Being Subordinates: They usually are strong-willed and have trouble working under someone else.

o Highly Competitive: They are very competitive and will strive offer better services and products than the competition.

o Will Not Hesitate To Take Risks: Risks are part of any business, and a successful entrepreneur will have the knack of taking calculated risks that will only benefit the business.

o Will Not Hesitate To Seek Help When Necessary: They will hire necessary staff to help them in areas where they are not very confident.

These are some of the traits of entrepreneurs, which can be used as a checklist to determine if someone has the capability to be an entrepreneur. If you do start your own business, be sure to use the services as well as products offered by some firms to help new entrepreneurs like you succeed.

Gauge Your Entrepreneurial Readiness – With an Entrepreneur Test

What does an entrepreneur test look like? How do you measure whether you’re ready to start your own business? With the number of idled or displaced workers in the broad economy today, many are wondering if it’s time to invest in their own business start-up.

Those are just two of the questions that online business opportunity seekers are asking themselves as they research the home based business and alternative or part-time career categories for answers.

If your present career or work situation has been impacted by the job slowdown, you may be seriously considering a leap into an entrepreneurial enterprise of your own. For many, especially if you require something with low start-up costs, the most popular and accessible business models are:

Affiliate marketing

Network marketing

Freelancing/independent contracting

The Internet offers the online entrepreneur a vast array of profitable niches to concentrate on. Most successful home business marketers that I’ve personally observed often combine different revenue streams in a blended approach to diversify their income sources. That often means overlapping any or all of the 3 home business models listed above.

Those who have relied on steady employment working for some other person or company often have to consider if they are really prepared to start their own business. That’s where a career assessment test or entrepreneur test can help. An alternative or parallel career option enjoys unprecedented popularity today because the Internet has reduced or eliminated the traditional barriers of entry to an entrepreneur’s career.

I recently took a free, online entrepreneur test to see what it entails. I can tell you this. Research reveals that there are 16 dimensions or characteristics that are important for starting a business. These entrepreneurial traits fall into three general categories: Personality, Skills and Motivation. As an example, you are asked to self-assess your…

Personality:

• Action-oriented: Your go-getting ability. Your tendency to “do” rather than sit around and think.

• Persistence: Your determination to meet your goals.

• Risk Tolerance: Your willingness to expose yourself to possible loss. Your attraction to, or comfort level with, risk.

Skills:

• Leadership: Your ability to guide and inspire others to work toward a common goal.

• Networking: How well you build and maintain relationships.

• Persuasion: Your ability to influence others.

Motivation:

• Ambition: Your desire to achieve success.

• Autonomy: Your desire to make your own decisions and control your own destiny.

• Financial Motivation: How important money and financial freedom are to you.

After having completed the questionnaire of this particular free, online entrepreneur test I took, I was confronted with the ratings system they use for determining my entrepreneurial acumen -based on my answers. I happened to be rated a pretty average “silver”. That means I fell below the gold and platinum levels. That translates to being in the 25th to 50th percentile of strongly possessing (or not), the proven character traits that successful entrepreneurs exhibit.

Well, considering I’m already putting the entrepreneur/online marketer lifestyle to test, it remains to be seen how much I will have to continue brushing-up on those 3 major business owner aptitudes.

What’s fun and actually kind of revealing is that based on your individual test results, it will identify your 5 greatest strengths and 5 most obvious weaknesses. The program states it is useful to consider your strengths–the tools and talents you already have in place–which will serve you in the pursuit of starting your own business.

Test scores come with helpful tips to get the most out of your individual personality traits so you can leverage those strengths to your best advantage.

Likewise, it goes on to suggest ways you can improve those areas that you tested low or sub-par in with recommended tips. Of course as can be expected of anything offered “free” on the internet, there always comes: “And now a word from our sponsors”. So there’s ample opportunity to opt-in to the advertised and featured educational resources that appear multiple times as you continue moving through the test program.

The advertising on the entrepreneur test I took is “opt-in” only and at no time exceeded the limits or bounds of correct internet etiquette we would expect. You just have to take careful notice where to click to proceed with the test uninterrupted, if that’s your choice.

So was it worth the time to take this entrepreneur test? Yes. For me, it actually identified areas that I already suspected needed improvement. I think it’s helpful to be able to recognize and perhaps be reminded of character traits that still could use some further development which you may now focus on.

If you dream of being your own boss and wonder if the entrepreneur lifestyle is right for you, gauging your strengths/challenges in the areas of personality, motivation and skills can be a helpful start. When you see that an online business career “leap” is really something that can be organized into a series of small, incremental steps, it might just be enough to push you over the edge.