Entrepreneurship isn’t easy, and it definitely isn’t for everyone. So how do you know if you should give it a try? Here are 4 sure signs you could make it as an entrepreneur.
Have you ever had a coworker who was a great worker when the CEO was standing nearby, but slacked off the second their boss went on vacation? This is a perfect example of someone who would never be a successful entrepreneur. If you need someone standing over your shoulder or checking in on you to keep you accountable and pushing forward, entrepreneurship isn’t for you. You need to be a self-starter willing to do whatever it takes. You need to have an “overwhelming, often obsessive desire to bring a vision to life,” says CEO, Joseph Isaacs. And you need to be able to keep that obsession going as time goes on. “You can never be satisfied as an entrepreneur,” he adds.
You adapt well to change
Most humans love habit, routine, and security, but in the beginning stages of entrepreneurship, you’re unlikely to find these any of these things. Everything about your work life (and life in general) will change quickly and unpredictably, and being able to accept that and adjust is vital to your success. “An entrepreneur has to always be able to adapt [to change] over time,” says Joseph. If you’re unable to do so, your business won’t be successful, and you won’t experience any personal growth, either. After all, Joseph always says, “the world will be won not by the weak, not by the strong, but by those who can adapt to change.”
You’re willing to make sacrifices
“If you are under the illusion that you can start a business and run it at your life’s schedule, you are mistaken,” says Robert Herjavek. However, if you’re willing to give up your free time, work crazy hours, and rearrange your priorities, then you might be meant to be an entrepreneur. Just remember that you’ll have to make a lot of sacrifices to put your business first. “The business is like a starving puppy – when it needs to eat, then it needs to eat regardless of what you have going on personally,” Robert adds. “Be honest with yourself. What price are you willing to pay to be successful? Would you sacrifice your time, your family, your friends? I’m not advocating that you should, but you have to ask yourself if you are prepared to.”
You’re not afraid of failure
It’s human nature to be afraid of failure, but successful entrepreneurs understand that in some way, shape, or form, failure is inevitable, and something you can learn from. Every failure is a lesson. “I’m successful because of all the times I’ve failed.” Just remember that successful entrepreneurs acknowledge their mistakes and use them as an opportunity to learn, rather than getting upset or defensive about them. “I place more value on a person who has dealt with failure, and admitted it, than on someone who claims to have never encountered it,” says Joseph.