
Thinking about starting your own business? Beware! Below are 10 signs that you just may not be cut out to be an entrepreneur.
#10 You canβt stand the heat.
Before you jump into self-employment, make sure youβre very comfortable being uncomfortable. Every day youβll need to try something new for the first time. You have to be ready to put yourself out there and do things youβve never done before β all with less financial security.
#9 You have professional ADD.
If you get bored and frustrated easily, or youβre the type of person who likes to go in a new direction every 60 days, business ownership may not be for you. Being an entrepreneur requires unwavering laser focus. Achieving business goals takes time and persistence.
#8 You get stage fright.
As a business owner, you are the primary spokesperson for your company. You need to be ready and willing to take center stage and spread the word whenever possible. If youβre uncomfortable in the spotlight or you donβt like public speaking, you better master these competencies before you launch.
#7 You hate roller coasters.
As a business owner, you never know whatβs around the corner β it could be a really steep hill or gut-wrenching free fall. There will be countless ups and downs and you need to be prepared to hang on and enjoy the ride.
#6 You think complexity is cool.
Complexity may be cool, but itβs hard to create, market and sell. The truth is the simplest solutions are the most successful. As a business owner, you need the ability to distill concepts to their simplest forms so they can be easily communicated and implemented.
#5 You canβt explain the steps of shoe-tying.
Tying a shoe is a complicated. So is running a business. You have to be able to delegate tasks and to direct others. This means you need the ability to break big ideas into easy, actionable steps for implementation. Big ideas are a dime a dozen. Knowing how to implement them is the game changer.
#4 You donβt believe in marketing.
Marketing makes the business world go round. If you donβt believe it and embrace it, youβll never succeed. Be ready to dedicate effort and a decent budget to the task of marketing your company. And give your marketing time to work using a variety of mediums. Thereβs no silver bullet.
#3 Youβre easily winded.
Once you get past the adrenaline rush of starting your own business, youβll encounter a portion of the journey called the βmiddle mile.β Frankly, the middle mile is where you face challenge and drudgery. Your feet will hurt and your breathing will be labored. Despite these inconveniences, you must place one foot in front of the other and press on.
#2 Youβre a problem passer.
In business, there are problems that must be decisively resolved by the owner. Sometimes customers and employees will be unhappy with your decisions and thatβs OK. Successful entrepreneurs never postpone difficult choices.
#1 Youβre on the quest for quick cash.
Profit is the result of productive business. It is not WHY you are in business. You are in business to solve problems and to serve others. If you find a way to deliver a better solution or service than your competitors, you will make plenty of money. But it doesnβt happen overnight. If you want to make quick cash, business ownership may not be the right gig for you.
As the above pitfalls exemplify, starting a business isnβt easy, and it certainly isnβt glamorous. But, it can be extraordinarily worthwhile and satisfying. If any of the 10 warning signs above DONβT give you pause, you just may be a good entrepreneurial candidate.
Daniel C. Steenerson imparts his success wisdom, principles and philosophies through his proprietary βScience of Visioneeringβ approach to help companies, entrepreneurs, executives and other professionals realize business greatness. He may be reached online at www.DanSteenerson.comβan online community where business owners, executives and other career achievement-minded professionals go for no-nonsense, βtell-it-like-it-isβ success advice.