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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 July 16, 2019

7 Powerful Habits To Win In Office Politics

7 Powerful Habits To Win In Office Politics

Office politics – a taboo word for some people. It’s a pervasive thing at the workplace.

In its simplest form, workplace politics is simply about the differences between people at work; differences in opinions, conflicts of interests are often manifested as office politics. It all goes down to human communications and relationships.

There is no need to be afraid of office politics. Top performers are those who have mastered the art of winning in office politics. Below are 7 good habits to help you win at the workplace:

1. Be Aware You Have a Choice

The most common reactions to politics at work are either fight or flight. It’s normal human reaction for survival in the wild, back in the prehistoric days when we were still hunter-gatherers.

Sure, the office is a modern jungle, but it takes more than just instinctive reactions to win in office politics. Instinctive fight reactions will only cause more resistance to whatever you are trying to achieve; while instinctive flight reactions only label you as a pushover that people can easily take for granted. Neither options are appealing for healthy career growth.

Winning requires you to consciously choose your reactions to the situation. Recognize that no matter how bad the circumstances, you have a choice in choosing how you feel and react. So how do you choose? This bring us to the next point…

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2. Know What You Are Trying to Achieve

When conflicts happen, it’s very easy to be sucked into tunnel-vision and focus on immediate differences. That’s a self-defeating approach. Chances are, you’ll only invite more resistance by focusing on differences in people’s positions or opinions.

The way to mitigate this without looking like you’re fighting to emerge as a winner in this conflict is to focus on the business objectives. In the light of what’s best for the business, discuss the pros and cons of each option. Eventually, everyone wants the business to be successful; if the business don’t win, then nobody in the organization wins.

It’s much easier for one to eat the humble pie and back off when they realize the chosen approach is best for the business.

By learning to steer the discussion in this direction, you will learn to disengage from petty differences and position yourself as someone who is interested in getting things done. Your boss will also come to appreciate you as someone who is mature, strategic and can be entrusted with bigger responsibilities.

3. Focus on Your Circle of Influence

At work, there are often issues which we have very little control over. It’s not uncommon to find corporate policies, client demands or boss mandates which affects your personal interests.

Gossiping and complaining are common responses to these events that we cannot control. But think about it, other than that short term emotional outlet, what tangible results do gossiping really accomplish? In most instances, none.

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Instead of feeling victimized and angry about the situation, focus on the things that you can do to influence the situation — your circle of influence. This is a very empowering technique to overcome the feeling of helplessness. It removes the victimized feeling and also allows others to see you as someone who knows how to operate within given constraints.

You may not be able to change or decide on the eventual outcome but, you can walk away knowing that you have done the best within the given circumstances.

Constraints are all around in the workplace; with this approach, your boss will also come to appreciate you as someone who is understanding and positive.

4. Don’t Take Sides

In office politics, it is possible to find yourself stuck in between two power figures who are at odds with each other. You find yourself being thrown around while they try to outwit each other and defend their own position; all at the expense of you getting the job done. You can’t get them to agree on a common decision for a project, and neither of them want to take ownership of issues; they’re too afraid they’ll get stabbed in the back for any mishaps.

In cases like this, focus on the business objectives and don’t take side with either of them – even if you like one better than the other. Place them on a common communication platform and ensure open communications among all parties, so that no one can claim “I didn’t say that”.

By not taking sides, you’ll help to direct conflict resolution in an objective manner. You’ll also build trust with both parties. That’ll help to keep the engagements constructive and focus on business objectives.

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5. Don’t Get Personal

In office politics, you’ll get angry with people. It happens. There will be times when you feel the urge to give that person a piece of your mind and teach him a lesson. Don’t.

People tend to remember moments when they were humiliated or insulted. Even if you win this argument and get to feel really good about it for now, you’ll pay the price later when you need help from this person. What goes around comes around, especially at the workplace.

To win in the office, you’ll want to build a network of allies which you can tap into. The last thing you want during a crisis or an opportunity is to have someone screw you up because they harbor ill-intentions towards you – all because you’d enjoyed a brief moment of emotional outburst at their expense.

Another reason to hold back your temper is your career advancement. Increasingly, organizations are using 360 degree reviews to promote someone. Even if you are a star performer, your boss will have to fight a political uphill battle if other managers or peers see you as someone who is difficult to work with. The last thing you’ll want is to make it difficult for your boss to champion you for a promotion.

6. Seek to Understand, Before Being Understood

The reason people feel unjustified is because they felt misunderstood. Instinctively, we are more interested in getting the others to understand us than to understand them first. Top people managers and business leaders have learned to suppress this urge.

Surprisingly, seeking to understand is a very disarming technique. Once the other party feels that you understand where he/she is coming from, they will feel less defensive and be open to understand you in return. This sets the stage for open communications to arrive at a solution that both parties can accept.

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Trying to arrive at a solution without first having this understanding is very difficult – there’s little trust and too much second-guessing.

7. Think Win-Win

As mentioned upfront, political conflicts happen because of conflicting interests. Perhaps due to our schooling, we are taught that to win, someone else needs to lose. Conversely, we are afraid to let someone else win, because it implies losing for us.

In business and work, that doesn’t have to be the case.

Learn to think in terms of “how can we both win out of this situation?” This requires that you first understand the other party’s perspective and what’s in it for him.

Next, understand what’s in it for you. Strive to seek out a resolution that is acceptable and beneficial to both parties. Doing this will ensure that everyone truly commit to the agreed resolution and will not pay only lip-service to it.

People simply don’t like to lose. You may get away with win-lose tactics once or twice but very soon, you’ll find yourself without allies in the workplace.

Thinking win-win is an enduring strategy that builds allies and help you win in the long term.

Featured photo credit: Unsplash via unsplash.com

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