Is the Entrepreneur Life Right for You?

What does it take to be an entrepreneur? And more specifically, a female entrepreneur? Can you gain fulfillment from it all, using it to improve your life? Or will it just complicate your life because it’s not the right path for you?

Having a great business idea is never enough to start and run a prosperous business. You’ve got to have the desire to make it work, as well as the traits that will help you succeed.

I am a firm believer that the best time to determine if being an entrepreneur is right for you is before you invest in the building of your first business. Sure, you can give it shot; however, learning “the hard way” is going to cost you more than all the money you invested. You will have lost time, energy…and maybe even precious relationships.

Female entrepreneurs are a unique breed. If this life is right for you, you will thrive. If it’s wrong for you, you’ll find that you’ve never been more miserable. That doesn’t mean you can’t develop the skills necessary to be an entrepreneur; however, I can’t deny the fact that some people are born with the desire to lead in business, whilst others will find it difficult to thrive under that level of pressure and competition.

So before you launch that start-up, honestly answer the following questions:

  • Do I follow through? If you’re the kind of person who has great intentions, but doesn’t often finish what she started, then entrepreneurism might not be right for you. Execution is huge in the success of any start-up. How many ideal clients will be attracted to your business because they’ve heard you had some pretty awesome ideas? Well, none. They need to see those ideas in action.
  • Do I have a great reason? This is also known as your WHY. What kind of difference do you want to make, and what event in your life caused you to have that level of desire? What will make you want to get out of bed in the morning? And what will make you feel accomplished when you go to bed at night? You’ve got to have a really good reason for wanting to be an entrepreneur, or else you can’t possibly stay motivated or focussed.
  • Am I passionate? A ho-hum attitude will get you nowhere. That’s no crime, of course…lots of people gain benefit from a laid-back, nonchalant approach. However, it’s not very effective in the business world. You’ve got to have the ability and the desire to love doing something, and then use that focus to fuel your forward movement. You’ve got to love what you do…so much that you can’t imagine doing anything else.
  • Am I competitive? Business is like sports for the mind, heart and soul. There’s competition at every turn, and there’s never a chance to rest in knowing that you’re way ahead of the pack. You’ve got to think ten steps ahead, predict what will cause your business to stand out, and take no prisoners. This is gonna get real, and wanting to win is necessary for success.
  • Can I move on from failure? And more importantly, can you see the positive points in failure and use it to make improvements? If you go into business, you will experience some level of failure. It’s a universal law, and trying to avoid it will never end well. A fear of failure leads to a fear of taking risks…and no business can grow without risk-taking.
  • Do you enjoy taking risks? And to continue the previous point, risk is necessary for business success. Entrepreneurs are natural risk-takers; they like the adrenaline rush that comes with taking a leap. Of course, the risks you take should not be uninformed or pointless. They should be well-researched, calculated…and totally worth it if they work. Not sure if this is you? Well, do you like bungee jumping, skydiving or deep-sea diving? How about stock trading or talking to strangers? Then you’re a risk-taker. That same rush comes from making gutsy business decisions, and you’re bound to love that, too.
  • Do you love to learn? Lifelong learners make the best entrepreneurs, because they understand they will never truly know it all. Plus, they are generally more flexible and adept at gleaning lessons from failures (their own and others) and applying that knowledge to real life. Running a business is a true learning experience, and the more you enjoy that type of thing, the better your performance will be.

Do you think you’ve got what it takes to be an entrepreneur? Do the prospects of risk, competition and learning appeal to you? Or do they make you want to bury your head? Whether you’re sure business ownership is for you, or you’d like to learn more, I recommend you attend my live Fempreneur training. Simply click here to register for an upcoming date.