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10 Signs That You Should be An Entrepreneur and Start Your Own Company

10 Signs That You Should be An Entrepreneur and Start Your Own Company

Not everyone is cut out for the stress of a new venture. Successful entrepreneurs will tell you that their success came from blood, sweat and tears, and maybe even a little luck. No training or education can get you ready for driving the success of a new venture; so how do you know when you’re cut out for it? Here are 10 signs that you have what it takes to be an entrepreneur.

1. You Can Handle Risk

One reason people stick to a safe, consistent job is that they know money comes in every month with little worry. It could be that they can’t risk the possibility of failure due to family and financial commitments, or they just want the comfort of knowing that they always have a paycheck coming in.

Entrepreneurs are ready to take the risk. They see it as a challenge and maybe have a plan B should the venture fail. They could have a safety net but always have a plan to make it work. They also handle risk well and don’t let it deter them from their goals.

2. Confidence with Your Idea

It’s easier to accept risk when you have strong confidence in your idea. Confidence isn’t learned. You’re born with it, and it usually comes with an idea that you strongly believe provides a solution to a problem.

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Entrepreneurs exude confidence both in their idea and their own abilities to launch the idea. They usually have a positive attitude towards new ventures, and look at the world with a “glass is half full” point of view. This confidence greatly improves their ability to deal with risk and problems that arise as they deal with problems during the unstable startup phase.

3. You Approach A Problem with A Solution

No matter how confident you are in your idea, you should expect hurdles and challenges that will test your patience. If you approach these hurdles with an attitude that you can find a solution, then you have the right entrepreneurial spirit to make it work.

Entrepreneurs approach problems differently than the rest of the world. They approach a problem with the question: What is a good solution to solve this problem? This is why coders and web designers make such great entrepreneurs. They can code and design answers to some of the world’s problems with their skills in technology.

4. You Have Ideas that Don’t Fit into A Regular 9-5 Job

Most corporations love employees with ideas, but sometimes they go unappreciated. Sometimes your ideas don’t fit with the status quo in your organization. It could be a great idea, but most regular 9-5 jobs have certain rules and standards. Long-term organizations rarely deviate from their common workflow. This puts a stop on any ideas you have to make a change in the way the organization operates.

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You can take your idea and turn it into your own venture. If this is something you’ve considered, you could have the right entrepreneurial attitude to make a change for the better and move on from the corporate world.

5. Salesmanship is One of Your Strong Traits

As an entrepreneur, you’re likely the only one in your startup at the very beginning of the venture. Partnering with someone else is a luxury, but most entrepreneurs start off with just their own idea and salesmanship.

You need to have the right salesmanship to sell your idea to investors, customers, and anyone else who can help further your ideas such as a software development firm. If you don’t have the ability to sell your idea, your venture will struggle. You can even partner with someone who brings this trait to the venture, but this is usually at the cost of equity.

6. You’re Persistent

Any successful entrepreneur will tell you that they struggled at some point during the startup phase. Some challenges are too difficult for people to handle, and they fold after a few bumps in the road. It’s important to know your limitations, but entrepreneurs are often persistent to a fault. This persistence can sometimes be perceived as stubbornness, but in a good way.

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Drive and dedication lead to persistence, and confidence helps drive your never-ending desire to make your ideas work rather than quit.

7. You’re Never Happy with The Status Quo

Some people have a desire to look at current standards and improve them. Entrepreneurs aren’t happy with the status quo. They want to make things better using their own ideas and inventions.

Entrepreneurs find ways to improve process and workflow in every part of their lives. This can be using technology or other industries. Usually, the entrepreneur is an expert in their field, but it’s not always the case. If you see ways that things can change for the better in everyday life and you have the desire to fix it, you have the right spirit.

8. Building Solutions is Your Hobby

Entrepreneurs like building things. These “things” are solutions to problems. They do it in their personal lives as well as their work life. They see it as a hobby, and sometimes a hobby can become your main source of income.

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The “things” you build could be for any industry including technology, finance, entertainment or travel. If you have an idea, it could be time to turn it into your future.

9. You See Opportunity Everywhere

This point goes along with the “see the world as a glass that’s half full” scenario. Entrepreneurs are not only positive minded, but they also see opportunity everywhere. This is what turns them into strong business owners that build a startup from a one-man idea into a strong organization with several employees.

10. You’re Always Competitive

Entrepreneurs are usually competitive. They have to be to compete with bigger businesses. They use their confidence, persistence and ideas to generate a competitive venture. Most entrepreneurs have been competitive since childhood. This competitiveness gives them the motivation to soldier on through the tough times during the startup phase, even if similar, competitive startups to theirs already exist in the marketplace.

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Keith Shields

CEO, Designli

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Last Updated on October 13, 2020

How to Get Promoted When You Feel Stuck in Your Current Position

How to Get Promoted When You Feel Stuck in Your Current Position

Have you been stuck in the same position for too long and don’t really know how to get promoted and advance your career?

Feeling stuck could be caused by a variety of things:

  • Taking a job for the money
  • Staying with an employer that no longer aligns with your values
  • Realizing that you landed yourself in the wrong career
  • Not feeling valued or feeling underutilized
  • Taking a position without a full understanding of the role

There are many other reasons why you may be feeling this way, but let’s focus instead on learning what to do now in order to get unstuck and get promoted

One of the best ways to get promoted is by showing how you add value to your organization. Did you make money, save money, improve a process, or do some other amazing thing? How else might you demonstrate added value?

Let’s dive right in to how to get promoted when you feel stuck in your current position.

1. Be a Mentor

When I supervised students, I used to warm them — tongue in cheek, of course — about getting really good at their job.

“Be careful not to get too good at this, or you’ll never get to do anything else.”

This was my way of pestering them to take on additional challenges or think outside the box, but there is definitely some truth in doing something so well that your manager doesn’t trust anyone else to do it.

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This can get you stuck.

Jo Miller of Be Leaderly shares this insight on when your boss thinks you’re too valuable in your current job:

“Think back to a time when you really enjoyed your current role…You became known for doing your job so well that you built up some strong ‘personal brand’ equity, and people know you as the go-to-person for this particular job. That’s what we call ‘a good problem to have’: you did a really good job of building a positive perception about your suitability for the role, but you may have done ‘too’ good of a job!”[1]

With this in mind, how do you prove to your employer that you can add value by being promoted?

From Miller’s insight, she talks about building your personal brand and becoming known for doing a particular job well. So how can you link that work with a position or project that will earn you a promotion?

Consider leveraging your strengths and skills.

Let’s say that the project you do so well is hiring and training new entry-level employees. You have to post the job listing, read and review resumes, schedule interviews, make hiring decisions, and create the training schedules. These tasks require skills such as employee relations, onboarding, human resources software, performance management, teamwork, collaboration, customer service, and project management. That’s a serious amount of skills!

Are there any team members who can perform these skills? Try delegating and training some of your staff or colleagues to learn your job. There are a number of reasons why this is a good idea:

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  1. Cross-training helps in any situation in the event that there’s an extended illness and the main performer of a certain task is out for a while.
  2. As a mentor to a supervisee or colleague, you empower them to increase their job skills.
  3. You are already beginning to demonstrate that added value to your employer by encouraging your team or peers to learn your job and creating team players.

Now that you’ve trained others to do that work for which you have been so valued, you can see about re-requesting that promotion. Explain how you have saved the company money, encouraged employees to increase their skills, or reinvented that project of yours.

2. Work on Your Mindset

Another reason you may feel stuck in a position is explained through this quote:

“If you feel stuck at a job you used to love, it’s normally you—not the job—who needs to change. The position you got hired for is probably the exact same one you have now. But if you start to dread the work routine, you’re going to focus on the negatives.”[2]

In this situation, you should pursue a conversation with your supervisor and share your thoughts and feelings to help you learn how to get promoted. You can probably get some advice on how to rediscover the aspects of that job you enjoyed, and negotiate either some additional duties or a chance to move up.

Don’t express frustration. Express a desire for more.

Present your case and show your boss or supervisor that you want to be challenged, and you want to move up. You want more responsibility in order to continue moving the company forward. Focus on how you can do that with the skills you have and the positive mindset you’ve cultivated.

3. Improve Your Soft Skills

When was the last time you put focus and effort into upping your game with those soft skills? I’m talking about those seemingly intangible things that make you the experienced professional in your specific job skills[3].

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Use soft skills when learning how to get promoted.

    According to research, improving soft skills can boost productivity and retention 12 percent and deliver a 250 percent return on investment based on higher productivity and retention[4]. Those are only some of the benefits for both you and your employer when you want to learn how to get promoted.

    You can hone these skills and increase your chances of promotion into a leadership role by taking courses or seminars.

    Furthermore, you don’t necessarily need to request funding from your supervisor. There are dozens of online courses being presented by entrepreneurs and authors about these very subjects. Udemy and Creative Live both feature online courses at very reasonable prices. And some come with completion certificates for your portfolio!

    Another way to improve your soft skills is by connecting with an employee at your organization who has a position similar to the one you want.

    Express your desire to move up in the organization, and ask to shadow that person or see if you can sit in on some of their meetings. Offer to take that individual out for coffee and ask what their secret is! Take copious notes, and then immerse yourself in the learning.

    The key here is not to copy your new mentor. Rather, you want to observe, learn, and then adapt according to your strengths.

    4. Develop Your Strategy

    Do you even know specifically why you want to learn how to get promoted? Do you see a future at this company? Do you have a one-year, five-year, or ten-year plan for your career path? How often do you consider your “why” and insure that it aligns with your “what”?

    Sit down and make an old-fashioned pro and con list.

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    Write down every positive aspect of your current job and then every negative one. Which list is longer? Are there any themes present?

    Look at your lists and choose the most exciting pros and the most frustrating cons. Do those two pros make the cons worth it? If you can’t answer that question with a “yes,” then getting promoted at your current organization may not be what you really want[5].

    The two most important days in your life are the day you are born and the day you find out why. —Mark Twain

    Here are some questions to ask yourself:

    • Why do you do what you do?
    • What thrills you about your current job role or career?
    • What does a great day look like?
    • What does success look and feel like beyond the paycheck?
    • How do you want to feel about your impact on the world when you retire?

    Define success to get promoted

      These questions would be great to reflect on in a journal or with your supervisor in your next one-on-one meeting. Or, bring it up with one of your work friends over coffee.

      Final Thoughts

      After considering all of these points and doing your best to learn how to get promoted, what you might find is that being stuck is your choice. Then, you can set yourself on the path of moving up where you are, or moving on to something different.

      Because sometimes the real promotion is finding your life’s purpose.

      More Tips on How to Get Promoted

      Featured photo credit: Razvan Chisu via unsplash.com

      Reference

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