Taking an honest look at your personality traits is a good first step in determining what type of business you will excel at.
Where one person may love to socialize and will likely do well in sales, another person may be turned off by contact with the public.
Identify what kind of person you are, then make that work for your enterprise.
Ask yourself questions like these: Can you make quick decisions? Are you the type to take responsibility? Are you a leader? How well organized are you? Are you the competitive type? Do you take action quickly or do you tend to procrastinate? Can you communicate effectively? How do you handle stress? Answering these questions in an honest way will help you determine if you are cut out for entrepreneurial success.
It will also help you in identifying your shortcomings so that you can work on them.
Having the desire to run a business is just the beginning.
Possessing the traits or cultivating skills like being a good leader, having the ability to take risks and tackle hard work are essential.
Look over the following words which are normally associated with entrepreneurs and see how many describe you-Confident - Determined - Innovative - Optimistic - Positive - Disciplined.
Don't be discouraged if you do not have all these traits.
As you start and operate your enterprise, you can pick up some of these traits.
How would you know if you have leadership ability if you have never been in a management type role? You really can't.
But if you were to assume a leadership role in another aspect of life - being head of some community group or leading a volunteer center, this may reveal your true ability to lead that you haven't previously recognized.
Part of taking this emotional inventory is the chicken and the egg aspect.
For example, you may not feel like a disciplined person when you start off, but the day to day challenges of running your business will force discipline on you.
These personality traits are much like muscles, where the more you use them, the stronger they become.
You may just start using muscles that you have not used before.
You may be someone who is risk adverse - afraid to go out on a limb so to speak.
But again, as you begin to run your business and learn to absorb those setbacks that are sure to happen, your tolerance for risk will rise.
Maybe you are someone who has never been a good communicator.
You may want to select a venture that plays down public contact.
You don't have to start a business involving big presentations or the selling of some product.
You may want to go into medical transcription or bookkeeping - something you could literally operate from the comfort of your bedroom if you desired.
Doing something you already love and are passionate about is extremely important for keeping your business interesting and exciting.
You may have a hobby that obviously appeals to some aspect of your personality.
Turn that into a business.
Do you love antiques? You may be able to become an antiques dealer.
You could even sell your pieces online basing your business primarily in your home.
Where one person may love to socialize and will likely do well in sales, another person may be turned off by contact with the public.
Identify what kind of person you are, then make that work for your enterprise.
Ask yourself questions like these: Can you make quick decisions? Are you the type to take responsibility? Are you a leader? How well organized are you? Are you the competitive type? Do you take action quickly or do you tend to procrastinate? Can you communicate effectively? How do you handle stress? Answering these questions in an honest way will help you determine if you are cut out for entrepreneurial success.
It will also help you in identifying your shortcomings so that you can work on them.
Having the desire to run a business is just the beginning.
Possessing the traits or cultivating skills like being a good leader, having the ability to take risks and tackle hard work are essential.
Look over the following words which are normally associated with entrepreneurs and see how many describe you-Confident - Determined - Innovative - Optimistic - Positive - Disciplined.
Don't be discouraged if you do not have all these traits.
As you start and operate your enterprise, you can pick up some of these traits.
How would you know if you have leadership ability if you have never been in a management type role? You really can't.
But if you were to assume a leadership role in another aspect of life - being head of some community group or leading a volunteer center, this may reveal your true ability to lead that you haven't previously recognized.
Part of taking this emotional inventory is the chicken and the egg aspect.
For example, you may not feel like a disciplined person when you start off, but the day to day challenges of running your business will force discipline on you.
These personality traits are much like muscles, where the more you use them, the stronger they become.
You may just start using muscles that you have not used before.
You may be someone who is risk adverse - afraid to go out on a limb so to speak.
But again, as you begin to run your business and learn to absorb those setbacks that are sure to happen, your tolerance for risk will rise.
Maybe you are someone who has never been a good communicator.
You may want to select a venture that plays down public contact.
You don't have to start a business involving big presentations or the selling of some product.
You may want to go into medical transcription or bookkeeping - something you could literally operate from the comfort of your bedroom if you desired.
Doing something you already love and are passionate about is extremely important for keeping your business interesting and exciting.
You may have a hobby that obviously appeals to some aspect of your personality.
Turn that into a business.
Do you love antiques? You may be able to become an antiques dealer.
You could even sell your pieces online basing your business primarily in your home.
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