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Do you have what it takes to start your own business?

I'm the first to say this - not everyone has what it takes to start his/her own business. Some people get anxious at the thought of not having a steady salary each month. Others have problems with motivation when times are hard.

Quite simply - starting your own business is not for everyone – are you cut out to be an entrepreneur? Let’s find out!

1. Are you motivated to work hard to achieve your goals?
If you are someone who would sneak away when the boss is out, you will probably not function very well as an entrepreneur. However, if you sneak away because the boss is so sluggish and boring that he/she refuses to appreciate everything you have to contribute and if you hate being controlled by an asshole because you want to accomplish a lot of things - well, then you are the right person to start a business of your own.

2. Are you aware of things?
It's good to be full of ideas, but you must also be a “person in the here and now” enough not to drift away and dream too much. It's a tough combination, I know, but that's what it takes to succeed as a solo business owner. There will be things you hate to do, but still have to do, in the beginning. Later, you can always hire people to do the stuff you hate doing or can't do so well yourself.

3. Do you usually implement your ideas?
Many people - tens of thousands of people - have lots of ideas, but never do anything with them because they like to bounce ideas around, but are too reluctant to work with it which is sad in its implementation. If you're disciplined enough to run the last few meters to cross the finishing line - then you have what it takes to be successful.

4. Do you have the confidence to take care of other people and make them happy?
As an entrepreneur, you are above all a person who takes care of others. Your customers are your bosses and you have to like the idea of ​​subordinating yourself them to get what you want in the end. To enjoy people and want to help them are good qualities for all true entrepreneurs.

5. Can you bounce back when things fall apart?
This is important because life is unpredictable for an entrepreneur. You need to be flexible because the path to success is full of struggles and obstacles that will make you fail from time to time. When that happens, it's important that you can bounce back quickly and move on.

6. Do you have an environment that supports your decision to start your own business?
This is more important than you might think because everything you do will affect your family. If business is bad it will affect them. They must be as committed as you are. They need to see the benefits of starting your own business as clearly as you do - otherwise you will have a really hard time succeeding as a sole business owner.

7. Can you be a good manager?
It's absolutely crucial that you work towards your own goals every day and find that they are so valuable that you can discipline yourself to keep working to reach them. Every day.

8. Do you like the idea of ​​making money?
Companies have to make money. Money is the blood that circulates in the corporate body and nourishes the it. You must have a desire to make money and create a good outcome for your business so that it thrives and grows.

9. Can you handle the element of risk without having a heart attack?
Entrepreneurship is risky every day and you have to cope with and even like to take calculated risks.

About the author

Stefan Ekberg has worked in marketing for small business for 20 years and has written around 30 books on how small business owners can market themselves with limited resources. . In 2012 Stefan was nominated as Entrepreneur of the Year in Stockholm.

230 000 prescribes to his free newsletter "The 5 minute marketer"
Every week some 230,000 prescribers gets his free newsletter about 5 minute marketing.

"The 5 minute marketer" - the book
You run a small business and you want to get ahead of the competition, but how can you give resources to marketing when you're short on time and the budget is tight? The solution is here! The 5-Minute Marketer is packed with 395 tried-and-tested ways to market your business in 5 minutes or less.