Running a business sounds great on paper. Who wouldn’t want to be their own boss? Set my own rules? Work when I want? Control my own destiny? Most people would.
But everyone has their strengths and weaknesses and for some people, running a business just might not be in the cards. On the other hand, you may feel like you don’t have what it takes when you actually do. To help you decide whether or not you should try to startup your own business, here are some questions you can ask yourself.
Are You Ready to Work Harder Than You Ever Had?
Some people want a nice, cushy job that pays well and doesn’t ruin their life. They’d rather invest their free time in leisurely activities or hobbies. There’s nothing wrong with that. But if that’s you, then you’re probably not cut out to be an entrepreneur.
Starting your own business is hard. Possibly the hardest thing you’ll have done in your life up to that point. If you’re ready to go all in and make the necessary sacrifices, you just might have what it takes.
Do You Constantly Try to Make Things Better?
Starting a business requires constant improvement of everything. Your business plan, your methods, your product, your attitude, your staff. If you’re constantly finding areas for improvement around you, and you’re driven by this desire to make things as good as they can possibly be, then you definitely have some entrepreneurial traits.
On the other hand, if you’re generally satisfied with the way things are and/or you strongly dislike change, running your own business might not be the best path.
Can You Delegate?
A degree of self-reliance and independence can be very helpful in getting a business started. However, once the wheels start turning, you can’t keep doing everything yourself. It just won’t work. If you’re incapable of delegating, bringing on additional help, and trusting in other people’s skills, you’re going to have a very tough time running a true business.
A person who does everything themself can be a successful independent contractor, but maybe not much more.
Do You Have a Viable Idea?
You can’t start a business without a concept/product/service/idea. You need something to build on. Without that, it doesn’t matter what skills or resources you might have. That core concept is the reason for your business to exist.
This one might seem obvious, but time and again, people try to start a business for the sake of starting a business. They’ll try to sell a product that no one wants or provide a service that’s already well covered, or they’ll just try to do as many things as possible, hoping something sticks.
All of these are paths to failure. No idea = no business.
So…are You an Entrepreneur?
If you think you have what it takes, congrats! You’re one step closer to being a successful business owner. You still have a long way to go, however. You can make things easier on yourself and increase your chances of success with some professional guidance.
A great place to start is with my book Business is ART, on sale now. With this book, you’ll learn the ins and outs of creating your vision, forming strategies, and measuring success. Click here to order it today. While you’re at it, please check out my on-line video training designed to teach you the processes and templates described in the book. Clear here to view.