WARNING: This article is not for the faint of heart.
But neither is entrepreneurship.
Hate to say it, but it’s true! Millions of people want to start a business, but not everyone has what it takes. Also, not every business idea is a successful one. Contributor Neil Patel at Entrepreneur.com said it best, “The proportion of those who merely want to be entrepreneurs will always be higher than that of the few who actually start a business”. Simply saying that not everyone is cut out for the severities of entrepreneurship. Let’s say you’ve got this amazing idea, a rock-solid business plan and even a decent amount of startup money. With all these things on hand, you might just be able to effectively launch your business. But are you really cut out to be an entrepreneur? Let’s take a closer look:
You don’t like hard work.
Entrepreneurship is the epitome of hard work. Successful entrepreneurs eat, sleep and breathe their businesses. It’s about facing indecision, uncertainty, instability and borderline insanity. Doesn’t sound like much fun, huh? That’s because it’s not always pleasant. I love hearing the overused saying, “work smarter, not harder”. It’s a myth! You need to work your ass off while playing smart. It’s not one or the other.
You’re on the quest for fast cash.
That’s a good mindset, but it’s just not a reality with entrepreneurship. Why? Because unfortunately, that’s just the way the world works. If you’re lucky, you might run into some fast cash for some months, but it’s never long lasting. It could potentially lead to bankruptcy, lawsuits and many other uncertainties. It’s beyond important not to rush the process to make quick money.
People without passion.
Passion in businesses is important if you want to be a successful entrepreneur. But, is passion necessary? Not really, but it does help. It’s what drives you. Passion keeps you going despite the difficulties that your business may encounter at any stage. There will be tons of opportunities to just throw in the towel and call it quits, but that inner passion is what will keep you going.
People who avoid risks.
Successful entrepreneurship involves taking risks. Risk of losing money within the business at any time, risk spending precious time with family and friends, risk leaving your steady-paying job and going all in. If you don’t embrace risk-taking, you may want to rethink being a business owner. Sometimes risks could give you mini heart attacks (not really), but a lot of the times it will pay off.
You’re not a fan of problems.
Entrepreneurship = constant unexpected problems that need to be solved. You’re the owner now, there’s no passing the buck this time. You’re the decisionmaker and the main person that must be able to resolve problems to keep the customers coming. If you can’t stand the heat that problems offer, then self-employment may not be your forte.
Starting a business isn’t easy, and it surely isn’t dazzling. Business speaker Dan Steenerson warned would-be entrepreneurs by stating, “While there’s no formula for the perfect entrepreneur, the commitment and dedication it takes to be a business owner does require a few key personality traits, and they aren’t ones that everyone naturally has”.
Tell me, do you think you have the personality to be an entrepreneur?