Do You Have What it Takes to be an Entrepreneur?

Many people dream of opening a business and thriving with employees to do a lot of the work while they relax (just a bit) and do administrative tasks.  However, most business owners are actually self-employed.   It takes an entrepreneur to create a business that runs more or less, without the owner present.  Most of us lack the innate characteristics of a true entrepreneur.  Even though we want to be the entrepreneur, our personalities hold us back. There is nothing wrong with either business model, but they each have very different rewards.

Which one are you?   Excited by the start-up of a business, regardless of what the business is?  Do you dream of starting up one business and then start dreaming again of another business after one is up and running?  You might have what it takes to be an entrepreneur.

ENTREPRENEUR

Balances risk with reward.

Organized multi-tasker.

Passionate about efficiency and streamlined processes.

Willing to work long hours within reason to meet deadlines.

Willing to delegate lesser tasks to the appropriate person or people.

Micro-Manager for select key jobs.  Allows other qualified people handle the rest.

Willing to take on greater than normal financial risk.

Risk Taker

 

SELF-EMPLOYED

Excited by their unique product or industry.  Not interested in other industries.

Willing to work long hours to get the job done.

Quality conscientious.

May or may not be organized. Usually not concerned with streamlined efficiency.

Micro-manager: Must know everything that is going on with the business at all times.

Unwilling to delegate tasks, even when overloaded.

Adverse to taking on debt to grow the business and may feel overly anxious about debt.

Often ends up over-worked and underpaid, but unwilling to take the risks necessary to expand to a larger, more efficient operation.

Risk Adverse

Other Articles


Road Tripping on a Budget
Read More
COVID-19
Read More
Take Control: Get the best deal on your auto
Read More