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Is the Life of Entreprenuer for me?


How do you know when being an entrepreneur is right for you?  The difference between Corporate America and being an entrepreneur is a completely different set of life skills.  Can they be learned?  Yes and no.

Many people find that a corporate job can be a great motivation to become an entrepreneur.  The corporate lifestyle tends to discourage the traits that are important to the entrepreneur.  In  the corporate world, or traditional “job”, a person gets paid for showing up.  For the entrepreneur, often times, isn’t paid until the work is completed.  They are work creators instead of work processors.

Things such as setting goals,  cash flow, buying your own benefits package, paying the upfront cost to get a great idea from drawing board to market place, among other things, can seem overwhelming to the new entrepreneur.  Here are a few traits to consider in becoming a success business owner.

1.  A desire to be somebody.  If you have a burning desire to be somebody or do something special in your life, the entrepreneur captains their own ship.  This can be a huge motivating force!  Without this desire it is much easier to cut and run when times get tough.  This desire can get the entrepreneur over the rough bumps.  As Anthony Robbins says, “There is a powerful driving force inside every human being that once unleashed can make any vision, dream or desire a reality.”

2.  The will to win.  That fits hand in hand with wanting to be somebody.  If they want to be somebody bad enough they will have the will to win.  Even if it’s hard, keep going.  Even when it gets discouraging, move forward.  Even when there doesn’t seem to be any light at the end of the tunnel, keep driving on.  Without the will to win, discouragements and distractions can become a monumental blockage.

3.  If you aren’t looking for a hand out, but a opportunity to get ahead in life.  An honest opportunity can disguise itself as “hard work”.    An entrepreneur has to be willing to work hard, smart, and except a certain amount of risk to bring their idea to fruition.  They need to be able to, dream, hope and make a commitment to their business.

4.  They are willing to take a chance one more time.  People can become jaded from too many times having their hopes dashed. This is especially true for someone that has attempted the self employed role before.  It, also, holds true for someone that has been in the corporate or “job” world.  It is possible to get beat down so far that “dreams” get locked away and put on the shelf. A quote from Bob Proctor says, “The road to success is lined with many tempting parking spaces.”

5.  An entrepreneur must be willing to accept some amount of risk, especially in the beginnings of a new endeavor. If you can’t tolerate any risk, then a traditional job might be best.  I know many people that this point discourages them from even trying something new.  This can be minimized by doing it part time while still holding down a traditional job.  Saving money that can be used as a pad until the new endeavor pays, or as development capital for the idea.  If money gets too tight, or great debt is incurred, it can steal the dream of being an successful entrepreneurial business owner.

There can be some fabulous rewards for the successful entrepreneur.  Flexible schedule, equity in their life, unlimited income, and participating in something bigger than themselves.  It is the road less traveled.  Only the individual themselves know whether it is the correct road for them.  As Henry David Thoreau said, “Pursue some path, however narrow and crooked, in which you can walk with love and reverence.”

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  1. March 8th, 2010 at 12:29 | #1

    I found your site on technorati and read a few of your other posts. Keep up the good work. I just added your RSS feed to my Google News Reader. Looking forward to reading more from you down the road!

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