Entrepreneurship: Are You the Right Person?

Do you think that you are the right person for entrepreneurship?

Are you the person who can be a real entrepreneur?

Different forces force you to become an entrepreneur. However, are they the right forces that will bring long-term wealth to your new or future business?

One of the most important or influential forces that push persons to become entrepreneurs is ensuring better life in the future. You want to earn more money with something that you know more than others.

You want to transfer your hobby and passion for something into valuable business. However, is it enough for you to become a successful entrepreneur?

You want to be your own boss. But, to be the boss is different from your passion or hobby. To be a boss is not the same as your current boss at your current work.

As an entrepreneur, you’ll also have even more bosses who will manage your daily entrepreneurial activities and tasks.

What do you think about your customers? Are they will be your new bosses? You must solve their problems. You must fulfill their needs. You must listen to them and implement all their needs into your offer. If you don’t solve their problems, fulfill their needs, or listen and implement that needs into your offer, you’ll not have customers for your business. That means you’ll not have business at all. Business without customers is not a business, and entrepreneurs without business are not entrepreneurs.

Your customer is not the only boss you’ll have as a business owner. There are your partners, banks from which you take loan, friends, or family that gives you money for your startup. Do you think that your wife and children will not be your boss? You must explain to them why you can’t give them what they want because you must buy new devices to support your business.

Your potential energy is important in your entrepreneurial path. If you want to become an entrepreneur, you must have knowledge and experience. Your passion and hobby are not enough. Your commitment and money are not enough to become an entrepreneur. You’ll need to take a risk. You’ll need to make more different activities than you think. You must market your products and services to find customers for your business. You must manage your employees. That means to plan their work, to educate and train them, to control them, to motivate them… you’ll need to manage books. You’ll need to contact your accountant and lawyer. You’ll need to answer your customer’s complaints.

Do you think now that you will work only what you know? Do you think now that you are the right person for entrepreneurship? Do you think that this moment is right for you to become an entrepreneur?

Entrepreneurship is not a quick rich formula. It needs too much time, money, and effort from you as a future business owner. Think twice before you decide to become an entrepreneur. Scan yourself about your potential energy and scan your environment to look at possible opportunities.

An interesting video containing several facts that can tell you whether you are the right person to become an entrepreneur.

The Periodic Table of Entrepreneurship

If you want to become a successful entrepreneur, you will need to invest a lot of effort, time, and money. You will start with the business and continue to build on it. The results don’t come immediately, but you need to be persistent because they will be worth it in the future. Here is an infographic by SilverDoor Apartments as “Periodic Table of Entrepreneurship” where you can find everything you will need as an entrepreneur to succeed.

entrepreneurs-periodic-table
Dragan Sutevski

Posted by Dragan Sutevski

Dragan Sutevski is a founder and CEO of Sutevski Consulting, creating business excellence through innovative thinking. Get more from Dragan on Twitter. Contact Dragan