Imagine what it would be like not to be forced into a cubicle every morning, or to hide behind the door of an office, or sit in traffic twice a day or to have the ability to earn your income while remaining at home with your family. But is everyone cut out for entrepreneurship?
Our featured guest in this episode of Small Business Trends Radio is Tim Knox, of the Tim Knox Show. Tim says, “Everything I Know About Business I Learned from my Mama.” That’s even the title of his new book. Tim can help you to determine if you have all of the personality traits that make for a successful entrepreneur.
Are you cut from entrepreneurial cloth? Here are some questions to begin asking yourself:
- Are you prepared to take a leap of faith without a safety net? – If you fear taking risks or facing the possibility that the business might fail, you might reconsider.
- Are you prepared to put in long hours and possibly work 6-7 days a week? — This is a harsh reality when developing a business; vacations, weekends, holidays and sick days do not exist when you’re the person running the company.
- Are you a leader? — Or do you need to be told what to do? You won’t be able to walk into the office and have your daily duties arranged for you. You must know what needs to be done and have the ability to see that it gets done without someone else keeping it top-of-mind for you.
- Are your personal relationships strong? — Are they strong enough to endure hours apart? The impact of starting and running a business puts pressure on the entrepreneur and their family. Support from your spouse, children, friends and extended family is of the utmost importance.
- Can you handle rejection? – The ability to continue moving toward your goals even after a setback is crucial. Spending precious time licking your wounds will only have a negative effect on your business and cause costly delays in your progress.
Tim asks the above questions and presents many more to consider before taking the “entrepreneurial plunge.” If you’ve asked yourself, “Do I have what it takes to be an entrepreneur?” you can help yourself to answer that question by clicking the player below and listening to Tim’s full interview.
And then comment and let us know – did you find that you have what it takes?