If one thinks of taking the entrepreneurial plunge, it's important to know to what it takes to be successful before you make what could be the biggest financial and emotional commitment of your life. Here are five ways to know if entrepreneurship may be right for you. No doubt we have all heard stories of successful entrepreneurs. There is no shortage of inspiring stories of courageous men and women who have defied the odds and built up successful business from scratch. So how did they do this and how can you be the next success story?
Crystal Clear Vision
One must be known whether one is running Away from a Problem or Running Toward a Vision? Some people feel they have no choice but to start a business when all they really want is to find a good job. A few of these so-called "forced entrepreneurs" may come up with the next big thing, but many don't have the heart to be in a business for the long run. So do some soul-searching and figure out if you're running toward a defining vision of your future as a business owner, or away from a problem.
There are hundreds of things you need to know how to do to be a successful entrepreneur, but the most important ones are these:[/b]
High Risk Tolerance: You have to be able to stare into the abyss of entrepreneurial uncertainty and not falter.
Salesmanship: You may have the greatest invention in the world, but if you can't communicate its importance to a variety of you're not going to succeed.
An Independent Temperament: Entrepreneurs consistently go against the tide. They start companies when others are retrenching; they don't care about being rejected time and time again; and they trust their gut.
Great Negotiating Ability: If you negotiate well for everything from a store lease to contracting services to website design, you'll realize that every dollar saved keeps your business in business through the peaks and valleys of cash flow.
Emotional Intelligence This is a term coined by behaviorist and author Daniel Goleman. "EI," as it's often referred to, is a set of skills that allows you to understand and influence the behavior of yourself and others. Being able to listen, reason with and persuade is different from being a good negotiator but just as important.