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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 March 29, 2021

5 Types of Horrible Bosses and How to Beat Them All

5 Types of Horrible Bosses and How to Beat Them All

When I left university I took a job immediately, I had been lucky as I had spent a year earning almost nothing as an intern so I was offered a role. On my first day I found that I had not been allocated a desk, there was no one to greet me so I was left for some hours ignored. I happened to snipe about this to another employee at the coffee machine two things happened. The first was that the person I had complained to was my new manager’s wife, and the second was, in his own words, ‘that he would come down on me like a ton of bricks if I crossed him…’

What a great start to a job! I had moved to a new city, and had been at work for less than a morning when I had my first run in with the first style of bad manager. I didn’t stay long enough to find out what Mr Agressive would do next. Bad managers are a major issue. Research from Approved Index shows that more than four in ten employees (42%) state that they have previously quit a job because of a bad manager.

The Dream Type Of Manager

My best manager was a total opposite. A man who had been the head of the UK tax system and was working his retirement running a company I was a very junior and green employee for. I made a stupid mistake, one which cost a lot of time and money and I felt I was going to be sacked without doubt.

I was nervous, beating myself up about what I had done, what would happen. At the end of the day I was called to his office, he had made me wait and I had spent that day talking to other employees, trying to understand where I had gone wrong. It had been a simple mistyped line of code which sent a massive print job out totally wrong. I learn how I should have done it and I fretted.

My boss asked me to step into his office, he asked me to sit down. “Do you know what you did?” I babbled, yes, I had been stupid, I had not double-checked or asked for advice when I was doing something I had not really understood. It was totally my fault. He paused. “Will you do that again?” Of course I told him I would not, I would always double check, ask for help and not try to be so clever when I was not!

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“Okay…”

That was it. I paused and asked, should I clear my desk. He smiled. “You have learnt a valuable lesson, I can be sure that you will never make a mistake like that again. Why would I want to get rid of an employee who knows that?”

I stayed with that company for many years, the way I was treated was a real object lesson in good management. Sadly, far too many poor managers exist out there.

The Complete Catalogue of Bad Managers

The Bully

My first boss fitted into the classic bully class. This is so often the ‘old school’ management by power style. I encountered this style again in the retail sector where one manager felt the only way to get the best from staff was to bawl and yell.

However, like so many bullies you will often find that this can be someone who either knows no better or is under stress and they are themselves running scared of the situation they have found themselves in.

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The Invisible Boss

This can either present itself as management from afar (usually the golf course or ‘important meetings) or just a boss who is too busy being important to deal with their staff.

It can feel refreshing as you will often have almost total freedom with your manager taking little or no interest in your activities, however you will soon find that you also lack the support that a good manager will provide. Without direction you may feel you are doing well just to find that you are not delivering against expectations you were not told about and suddenly it is all your fault.

The Micro Manager

The frustration of having a manager who feels the need to be involved in everything you do. The polar opposite to the Invisible Boss you will feel that there is no trust in your work as they will want to meddle in everything you do.

Dealing with the micro-manager can be difficult. Often their management style comes from their own insecurity. You can try confronting them, tell them that you can do your job however in many cases this will not succeed and can in fact make things worse.

The Over Promoted Boss

The Over promoted boss categorises someone who has no idea. They have found themselves in a management position through service, family or some corporate mystery. They are people who are not only highly unqualified to be managers they will generally be unable to do even your job.

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You can find yourself persistently frustrated by the situation you are in, however it can seem impossible to get out without handing over your resignation.

The Credit Stealer

The credit stealer is the boss who will never publically acknowledge the work you do. You will put in the extra hours working on a project and you know that, in the ‘big meeting’ it will be your credit stealing boss who will take all of the credit!

Again it is demoralising, you see all of the credit for your labour being stolen and this can often lead to good employees looking for new careers.

3 Essential Ways to Work (Cope) with Bad Managers

Whatever type of bad boss you have there are certain things that you can do to ensure that you get the recognition and protection you require to not only remain sane but to also build your career.

1. Keep evidence

Whether it is incidents with the bully or examples of projects you have completed with the credit stealer you will always be well served to keep notes and supporting evidence for projects you are working on.

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Buy your own notebook and ensure that you are always making notes, it becomes a habit and a very useful one as you have a constant reminder as well as somewhere to explore ideas.

Importantly, if you do have to go to HR or stand-up for yourself you will have clear records! Also, don’t always trust that corporate servers or emails will always be available or not tampered with. Keep your own content.

2. Hold regular meetings

Ensure that you make time for regular meetings with your boss. This is especially useful for the over-promoted or the invisible boss to allow you to ‘manage upwards’. Take charge where you can to set your objectives and use these meetings to set clear objectives and document the status of your work.

3. Stand your ground, but be ready to jump…

Remember that you don’t have to put up with poor management. If you have issues you should face them with your boss, maybe they do not know that they are coming across in a bad way.

However, be ready to recognise if the situation is not going to change. If that is the case, keep your head down and get working on polishing your CV! If it isn’t working, there will be something better out there for you!

Good luck!

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