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DO YOU HAVE WHAT IT TAKES TO SUCCEED IN YOUR OWN BUSINESS? AN EYE FOR OPPORTUNITY Many successful entrepreneurs begin by sensing a need, then moving quickly to fill it. This is either an entirely new product or service, or something as simple as opening the only children's clothing store in a large mall. AN APPETITE FOR HARD WORK Most entrepreneurs work long, hard hours. They focus on their real priorities, especially when times are tough. (Those who avoid the tough problems by burying themselves in their original area of expertise often fail.) DISCIPLINE It's not just how you work, but the way you work that counts. Successful owners/managers resist the temptation to do what comes easier. Instead, they do what is most essential. INDEPENDENCE Typical entrepreneurs have a strong drive toward independence, plus the ability to be a good team player when the need for cooperation arises. SELF-CONFIDENCE Entrepreneurs must be extremely self-confident to accept the risks involved in starting a business. This helps them overcome enormous obstacles to achieve their goals. In addition, they can temper their self-confidence with objectivity and change course and cut losses where necessary. ADAPTABILITY Successful entrepreneurs adjust to the changing demands of a growing business and develop the skills to deal with them. They become managers of other people's work so their business can grow quickly and achieve spectacular success. JUDGMENT Entrepreneurs make wise decisions without taking too much time to make up their minds. When they lack the knowledge to make sound decisions on their own, they seek information and advice without hesitation. ABILITY TO TOLERATE STRESS Entrepreneurs face many crises on the road to prosperity. To survive, they often unwind with sports and hobbies. Many are encouraged by the understanding of their spouses and families. NEED TO ACHIEVE Successful entrepreneurs have a single-minded, almost compulsive desire to succeed. Although financial rewards are important, they are often secondary in the drive towards personal achievement. A FOCUS ON PROFITS Running a business brings many rewards, independence, community prestige, personal satisfaction - but entrepreneurs never lose sight of the need to make a profit. they know that return on investment is the ultimate measure of success. SELF-AWARENESS Almost ALL entrepreneurs start with some weaknesses. Those who succeed recognize their limitations and are always ready to seek and use outside help when the situation demands it. |
