Is Entrepreneurship For You?
Company Name - Company Message
RSS Follow Become a Fan

Delivered by FeedBurner


Recent Posts

The High Maintenance Woman
Why I Like and Use Linkedin ProFinder
Show Your Love (A Repost of Feb. 14, 2014 Blog Post)
Always Be Available
#ProFinder Contest

Categories

Careers
Fun
Growth
Law & Order
Relationships
Self-induced Stress
The downside of modern technology

Archives

May 2017
March 2017
February 2017
January 2017
November 2016
October 2016
August 2016
April 2016
March 2016
February 2016
January 2016
December 2015
November 2015
October 2015
September 2015
July 2015
June 2015
May 2015
April 2015
March 2015
February 2015
December 2014
November 2014
October 2014
August 2014
July 2014
June 2014
May 2014
April 2014
February 2014
January 2014
December 2013

powered by

My Blog

Is Entrepreneurship For You?

There is, and has been, a huge movement of people into entrepreneurship. Employees sometimes think that they know more than their employers do and, sometimes, they do. They also tire of reporting to someone else and having little control over their lives. Sometimes, good employees lose their jobs and have trouble finding a comparable position in a down job market.

There are many reasons to consider starting your own business, however, entrepreneurship isn't for everyone.

To be successful as an entrepreneur, you need to have a number of talents or enough money to hire people who can do the things that you either don't know how to do or don't want to learn how to do. If you don't have enough money to support yourself for a few years until your business becomes profitable, entrepreneurship isn't for you, unless you have a partner who can support you financially. If you have a great idea that you can "sell" to venture capitalists, you might be able to get funding for your business, however, it's not that easy to come up with a great original idea for a product or service.

You have to be determined to make a success of your business and you need to be confident and persistent and have tremendous mental, emotional and even physical endurance. You, also, have to be willing to work night and day and on weekends, at least until your business gets off the ground. You have to be flexible enough to switch gears if what you're doing isn't working. You have to network, market, participate in social media and blogging and you have to do administrative work if you can't afford to hire an assistant. 

If you're the kind of person who excels at only one thing and is uncomfortable being responsible for a wide range of tasks, entrepreneurship might not be for you, unless you have the money to hire others to fill in the gaps.

Most of all, you have to be a leader and you need to have the confidence to rely on your own judgment since the buck stops with you. You need to be able to ride out the hard times and, if people work for you, you need to be able to inspire them and treat them nicely and respectfully. You, obviously, need to know how to bring in and keep clients and how to get paid in full for your work, as some clients will attempt to short you.

Entrepreneurship isn't easy and, as I had stated, previously, it's not for everyone. If it's not for you, it doesn't mean that there's anything wrong with you. It's good to know one's strengths and weaknesses and it's important to play to one's strengths. 

If entrepreneurship IS for you, it can be, at turns, exciting, frustrating, overwhelming, and very emotionally rewarding. It is, however, not for the faint of heart.



2 Comments to Is Entrepreneurship For You?:

Comments RSS
Muslim business on Monday, January 16, 2017 8:56 AM
Noted this line "To be successful as an entrepreneur, you need to have a number of talents!" I don't agree with you totally! Not only talent you need others resources! If anyone want to start a business then consult a well know online Entrepreneur!
Reply to comment


Laura Lieff on Sunday, February 05, 2017 4:35 PM
I believe that we are in agreement. Thank you for your comment.
Reply to comment

Add a Comment

Your Name:
Email Address: (Required)
Website:
Comment:
Make your text bigger, bold, italic and more with HTML tags. We'll show you how.
Post Comment
Website Builder provided by  Vistaprint