I have known people who have nurtured the thought of changing to self-employment throughout their lives, but did not gather the courage to take the plunge.
The main reason in most cases is that they fear failure and sometimes fear of success.
While it is true that entrepreneurship is challenging, it is also a path that can lead you to great heights of success.
The Make-up Of A Successful Entrepreneur Can anyone become an entrepreneur? Is a question that many ask.
You read stories of 14 year olds earning large amount of income with innovation and hard work.
If they can do it, why can't you? Warren Buffet started his first business at 11, and he said he was heard saying that he was very late.
If it is so easy, how is it that there are so many failures? Let us take a look at what it takes to be a successful entrepreneur.
1.
The ability to take calculated risk - entrepreneurship is almost synonymous with risk.
However, this is not a wild risk such as gambling, but a calculated one.
In other words, the entrepreneur is adventurous in his or her business, convinced that the investment will pay off based on his or her own estimate.
2.
The ability to innovate - innovation is another term that you will find closely associated with entrepreneurship.
The entrepreneur is generally a path breaker, one who does not fear to be different, who loves to "try out" new ways, new things, new horizons.
3.
The ability to lead - entrepreneurs are almost always leaders from birth.
They are those who intuitively gravitate into the commanding position in a group of people.
They have charismatic, lovable and at the same time inspiring personalities.
4.
The ability to persevere against all odds - "path breaker", "innovator", "risk taker" - these are all terms associated with the possibility of failure.
To friends and relatives the initial stages often look like a well-orchestrated suicide.
Nevertheless, the entrepreneur knows better.
The have they ability to stay on the chartered course, even when others tell them "it would not work".
5.
The ability to believe in success - it is not that successful entrepreneurs never face major obstacles; rather, that they never get deterred by them.
Successful entrepreneurs believe that if fate gives them lemons, they need to sell lemonade.
The entrepreneur is all about the focus and taking action as they come.
It cannot be over emphasized that getting around like-minded people also the key for success.
If you have at least four of the above five qualities, you are cut out for self-employment.
Success awaits you; go for it!