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Are You a Potential Entrepreneur? These 15 Signs Can Tell You the Answer

Are You a Potential Entrepreneur? These 15 Signs Can Tell You the Answer

So you think that you’re ready to become an entrepreneur? It’s not all glitz and glamour, and for most people, it takes dedication, time and a lot of late nights to get a business off the ground. Being an entrepreneur is one of the most difficult ways to earn a living, but also one of the most rewarding. These 15 signs, all backed up by successful business people and entrepreneurs, show the qualities you need to have in order to become a successful entrepreneur. How many do you see in yourself?

A Fiercely Determined Mind

The first thing that you will need to be an entrepreneur is ironclad determination. Someone that doesn’t give up at the first sign of difficulty.

When asked about what it takes to become a entrepreneur, Nitin Aswani, Founder & Head of Product of Oganikk Superfoods[1] said,

You can brush off negative, non-constructive criticism; you know that if you want to satisfy everyone, you should just sell ice cream. You are driven by purpose and are passionate – you understand that money is an output of resolving customer problems, not the other way round.

Always Go For The Leading Role

When you work with people in a group, do you find that you can’t help but assume a leadership role? Do you take it personally if a project doesn’t live up to your expectations? Then you might have what it takes to run your own business.

Evan Harris, Co-Founder & CEO of SD Equity Partners[2] explains,

The difference between a manager and a leader is vast. Just because you have held a management position for X number of years, does not mean you will succeed as an entrepreneur. To be a great entrepreneur, you must be able to lead. Your team needs to believe in your vision and trust that you can get them there. You need to inspire and incite passion. These are the qualities of a leader, not a manager. One who has these leadership qualities is on the path to becoming a successful entrepreneur.

Gritty? Okay.

A true entrepreneur isn’t afraid to get their hands dirty when needed, as did founder of Kent Dating[3]. He said,

In the early days of your startup, you will likely be doing a lot of the grunt work yourself until you can afford to hire some additional help. Be prepared to get into the trenches and get dirty, metaphorically speaking.

A Goer For Risks

Are you prepared to be yelled at by your customers the moment that something in your business goes wrong? As an entrepreneur, you will be in charge of dealing with difficult people. You’ll also need to be ready to give up time, comfort, and financial security if you expect your business to stand a chance. Evan Harris, Co-Founder & CEO of SD Equity Partners[4] said,

Starting your own business generally involves taking a lot of risks. In order to be successful, you must be able to understand the risks involved in a decision but also know that there will always be risk and not allow it to hold you back. Someone who can assess risk and then make an informed decision, without being sidelined by fear, is definitely an entrepreneur in the making.

On risk-taking, Fred D. Winchar, President of Max Cash Title Loans[5] adds,

You are a risk taker but only when the risk is in your favor. You don’t blindly risk but when you do, you are confident you will win.

A Contrarian

When everyone else says “why?”, you say “why not?” You don’t just want to go along with business as usual; you want to really mix things up and change the world for the better. Gene Caballero, Co-Founder of GreenPal[6], is this kind of person who said,

One of the most important character traits of a successful entrepreneur is they have to be contrarian – but right. Contrarians are the ones that challenge the majority but have the stubbornness to see an idea through till the end.

Always Asking To Know More

Were you the kind of child that took the family appliances apart to try and figure out how they worked? You likely have the inquisitive mindset necessary to start a business.

Jeff Kear, Founder of Planning Pod[7] says

Are you are always interested in learning other parts of the business in which you work even though they aren’t your responsibility and you might annoy others working in those roles or departments? When I had jobs prior to running my own businesses, I was always asking questions and looking into ways to improve how I worked and how the business functioned.

Unsettled With Traditional 9 to 5 Roles

Are you bored with your day job, doing the same task over and over? Does it all feel meaningless, and like you’re just undervalued and lining someone else’s pockets with your hard work? It might be time to get into business for yourself:

Ben Taylor, Founder of Home Working Club[8] says,

If you feel constantly stifled in traditional jobs and convinced you could do things better, this probably marks you out as an entrepreneur-type – so long as those convictions are based on reality!

Kristen Gagné, Founder of Webtawks[9] adds,

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The typical 9-5 job feels wrong. You loath office politics. You detest being put in a corporate box. You don’t feel the value in working in a position that isn’t useful. You feel stifled.

Comfortable With The Unknown

Entrepreneurs are comfortable with the fact they may not know where or who their next paycheck is coming from: “You are more than comfortable losing everything you have until you succeed. Everything. You live your life “all chips in” and if you lose, you are prepared to live like a pauper till you get another opportunity to win” says Fred D. Winchar, President, Max Cash Title Loans.

Sarah Glass, Founder of Kent Singles [10] adds,

You’re comfortable with the unknown. You enjoy not knowing what one day will be like to the next. You enjoy the process of not having all the answers. Predictability is boring.

A Jack-Of-All-Trades

An entrepreneur wears a lot of different hats in their business. Early on in your business, you may be in charge of sales, customer service, accounting, marketing, manufacture, and other tasks all by yourself. You will definitely need to be able to budget your time and complete multiple different tasks.

On what makes you a great potential entrepreneur, Steven Benson, Founder and CEO of Badger Maps[11] says,

When you have the basic blocking and tackling in each area of business – Sales, Marketing, Technology, Accounting, Finance etc. A big surprise to a lot of people who start companies is how much time they need to spend selling to be successful. You need to be a jack of all trades, because a big miss in any of these areas can be company killing.

A Doer Rather Than A Sayer

Many people sit and dream, but an entrepreneur actually takes action and turns their dreams into a reality. You can’t just think about great business ideas and have them magically happen; you’re going to need to actually put in some hard work. As what Fred D. Winchar, President of Max Cash Title Loans[12] says,

The difference between a potential entrepreneur and a SUCCESSFUL Entrepreneur is the ones who can truly live a life that others fear to live and know others will mock you as you live out your dreams. Inside, your heart is burning to be more than just an employee and you know that you are relentless in your pursuit to make it. Their fear is not yours.

A Meticulous Planner

A good entrepreneur plans for any possible outcomes. You need to think in advance of any opportunities or risk that may impact your business and have action plans to adjust accordingly.

Steven Benson, Founder and CEO of Badger Maps[13] says

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I think that a great indication of being a potential entrepreneur is when you consider yourself a ‘planner’. That’s someone who really enjoys planning things, whether it’s events or business strategies. If you are going to run your own business, you have to get used to thinking a couple of steps ahead and you have to develop a concrete action plan to get started.

You also know how to manage your time on a day-to-day basis, Brandon Latack, President of 651 Lab[14] , once said,

Deciding how you are going to spend your time throughout the day is one of the key aspects of being a successful entrepreneur. You and Elon Musk are both given 24 hours in a day. Use those hours wisely.

No Fear For Hard Work

You’re willing to roll up your sleeves and get your hands dirty. Entrepreneurs often put in 60 or 80 hour weeks in the first year of their business! If that sounds unappealing to you, you may want to stick to a salaried job working for someone else. Deborah Sweeney, CEO of MyCorporation.com[15], says,

One of the greatest signs that you’re destined to be an entrepreneur is found in the hard work you’ve done over the years and the amount of initiative you’ve taken/shown for what you’re passionate about. Entrepreneurs embrace hard work and do not shy away from it. Rather; they enjoy it especially when it ties in with their passions. Ultimately, you become what you believe you will become and if you set your intention, stay focused and positive, and believe in yourself while working hard, great things will happen.

Fred D. Winchar, President, Max Cash Title Loans[16] concludes

You have no concept of weekdays verses weekends. Every day is a day to work. Money is made 24 hours a day 7 days a week. Vegas proves that.

An Especially Innovative Mind

Ben Taylor, Founder, Home Working Club[17], says,

With plans and schemes of making money since school, then that entrepreneurial spirit is probably in your blood – especially if some of those ideas were successful.

For people to buy your product, it’s going to need to be something new that they may have never seen before. You can take inspiration from other brand’s ideas and improve upon them, but merely copying a product or service that already exists isn’t going to make you rich. On this, Kristen Gagné, Founder of Webtawks[18], says.

You always think of ways to improve everything – from the way to tie your shoes to the design of the picnic table in the park – you seek out efficiencies and betterment of your world.

Nothing Can Beat You Up

Entrepreneurs don’t take no for an answer! You’re going to have to stick to it when things get rough and don’t seem to be working exactly the way you had planned. Fred D. Winchar, President of Max Cash Title Loans[19] also says,

When you fall, you are the fastest person you know to stand back up. Everyone falls. Failure is part of success. I have yet to know the successful entrepreneur who has not failed multiple time and had crushing losses.

On bouncing back from failures, Brandon Latack, President of 651 Lab[20] added

There will be several roadblocks when starting a business. The bigger the idea, the more roadblocks there will be. [Entrepreneurs] think of each failure as a learning experience. Next time you will be ready for it!

Highly Disciplined

If you’re able to succeed in other areas of your life such as dieting or mastering a particular skill, then you may have the discipline required to become an entrepreneur.

Commenting on the discipline it takes to be your own boss, Nitin Aswani, Founder of Oganikk Superfoods[21],

You are highly internally motivated – being your own boss can be a challenge for those who tend to slack off if there is nothing pressing.

Brandon Latack, President, 651 Lab[22], also says

You have the discipline to stick to challenges. It’s easy to become less enthusiastic and talk yourself out of a challenge once adversity smacks you in the face. Entrepreneurs continue to push forward when things start to get tough.

So there you have it, 15 sure-fire signs that you’ve got what it takes to become an entrepreneur. If you answered yes to over half of these 15 questions, then you’re well on your way to making that dream of being your own boss a reality.

Reference

[1] Oganikk: Home
[2] SD Equity Partners: Home
[3] Kent Dating: Home
[4] SD Equity Partners: Home
[5] Max Cash Title Loans: Home
[6] GreenPal: Home
[7] Planning Pod: Home
[8] Home Working Club: Home
[9] Webtawks: Home
[10] Kent Singles: Home
[11] Badger Maps: Home
[12] Max Cash Title Loans: Home
[13] Badger Maps: Home
[14] 651 Lab: Home
[15] MyCorporation: Home
[16] Max Cash Title Loans: Home
[17] Home Working Club: Home
[18] Webtawks: Home
[19] Max Cash Title Loans: Home
[20] 651 Lab: Home
[21] Oganikk: Home
[22] 651 Lab: Home

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Last Updated on September 18, 2020

How to Be More Self-Assured and Get More Done During the Week

How to Be More Self-Assured and Get More Done During the Week

Time is a great leveler isn’t it? We all have the same 24 hours in a day. Even if you’re self-assured, the day may never feel quite long enough.

Why is it that some people can be so much more productive and achieve so much more in a typical day, while others struggle to achieve anything apart from feeling time crunched and overwhelmed?

Everyone I know and work with wants to make the best use of their time. They want to learn how to be more self-assured, happier, and work less—all while growing in their career.

How effectively we use our time—and how we actually work in our business—can make a huge difference to the amount we accomplish in a day or week. It can also make us more focused and more confident.

Do you want to have more thinking and creative time? Do you want to spend more time working on your business rather than working at or in your business? In this article, we’ll show you how.

Get More Done by Gaining Confidence

What if you had a strategy for making the best use of your time that brings you more joy and allows you to focus on the biggest activities and opportunities in your business? You may find the following outline below to be helpful:

1. Create an Exciting Vision

If you don’t know where you’re going, how do you know when you get there?

You want to be more productive and spend more time getting the right stuff done. Well, you need to create a compelling and exciting vision of your future.

What does this future look like? How will you feel when you get there?

Creating a new vision, especially one that is a lot bigger than where you are right now, has a way of igniting your passion. It may be something that feels hard to achieve, but every step you take towards that bigger vision will certainly build your confidence.

Create a vision board to feel more self-assured.

    Commitment to this vision, and accomplishing continual daily progress depends on your ability to look at any situation you’re faced with or currently in, feel self-assured, and see something bigger ahead.

    Also, when you know where you’re headed, you will instinctively start to see all the new opportunities and connections that will get you there.

    Make a vision map to get you started on the path to better productivity. This doesn’t have to be fully actualized, but you should know at least what direction you are heading.

    2. Build a Strategic Plan

    Once you have your future vision mapped out, the next step is to build a strategic plan to get you there.

    Your future vision may be for 3 years or 5 years, or you may choose a longer time frame. Any timeframe over 3 years may feel like a long way away.

    You may wonder how you are ever going to feel confident and motivated on this bigger future years from now when you feel as though you have so much to accomplish today.

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    The first step is to decide on some specific goals for the next 12 months. Don’t list too many or you may begin to feel overwhelmed.

    The magic number for me and my clients is usually five annual goals.

    These are big goals that will create massive change in your business and life and bridge your current situation to your bigger future; accomplishing these goals one by one will help to increase your confidence on a daily basis.

    3. Get on Goal Planning

    Get yourself a piece of blank paper and a pen and divide the paper into 4 columns: A, B, C, and D.

    Ask yourself the question: What is great in my business and life right now? Write these things down in Column A. This might be a couple of things, five things, ten things, whatever feels right to you.

    Then ask yourself: What things are happening right now that I don’t want in my future? Write these things down in Column B.

    This is your opportunity to take a step back and look at the things that are simply not working. You may list people that are bringing you down or projects that you don’t want to work on any more. Maybe you’ll include a service offering that’s going nowhere. It could be the people you’re working with, or it could be your pricing.

    Now, let’s look at your personal strengths. Write down everything that you’re great at in Column C.

    These could be things that you’re doing right now and having success with. It could also be things you know you’re awesome at but you’re not spending enough time on.

    Column D is for your biggest opportunities. Is there a new service/product you could offer your ideal customers? Is there a new innovation you could bring to market? Just take some time out and really think and list these things in Column D.

    Once you’ve analyzed everything you’ve written down, take some time to really think about what goals you want to set for your business and life in the next 12 months.

    4. Set Outcomes to Build Confidence

    You now have your goals, and you’ll feel self-assured and raring to go. They are written down and you’re committed to achieving them. You feel self-assured and motivated.

    But how do you ensure that you stay on the correct course to achieve these goals?

    Managing and juggling day-to-day projects can get in the way. Dealing with problems can get in the way. Staying on top of orders, managing cash flow, and handling day-to-day stuff can move your ship off course.

    You want to be productive and achieve your goals, but you also need to ensure the day and week runs smoothly.

    One way to ensure this happens is to set 90 Day Outcome Goals; within those Outcome Goals, put some specific process goals that need to be undertaken.

    Let’s say you want to get 10 more speaking jobs in the next 90 days, and you know that you typically convert 50% of opportunities.

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    Therefore, your process goal needs to be to have 20 conversations in the next 90 Days to deliver the 10 new pieces of work. You will then work out who you can have those conversations with.

    It’s smart to overshoot, so you will more easily hit your target. This is a clear plan to work through because with every win, your confidence will grow.

    5. Completely Commit to Your Success

    If you are not truly committed to achieving your goals, then chances are that you won’t reach them.

    Motivation can only take you so far. It is the intentional commitment[1] and emotional investment in your future success that will move you forward.

    Think back to any time that you really committed to achieving something. There must have been a reason you actually achieved what you set out to achieve. What motivated you?

    Were you fully invested? Why did it matter? Did you have to be really courageous to achieve it?

    How did it feel when you achieved it? What difference did it make?

    When have you felt truly self-assured? When you are committed to something, then you are propelled into action. Your mindset is focused, and your body follows; you want to get it done.

    And, when you do get it done, your confidence goes through the roof. You feel a level of certainty in achieving the goal you set out to accomplish.

    6. Focus on Your Strengths

    To feel self-assured and build up the confidence needed to achieve our biggest goals, we need to focus on our strengths.

    What are you best at? What are your unique skills? You want to spend as much time as you can working in the areas that you’re great at.

    Multiply your strengths. These areas are where you add the biggest value. They often bring you the biggest amount of joy, and you feel more and more confident when you are using your unique skills.

    If you think there is a specific capability you need to learn or be better at, spend more focused time in that area.

    Many of us want to do it all. We want to be good at everything. We want to offer a lot of services. But, in reality, there are some very specific things we are great at; nobody is good at everything!

    Spending more time adding value in the areas where you excel can create breakthrough results and boost confidence.

    7. Embrace the Present

    Sometimes we spend so much time thinking about the future or worrying about the past that we forget the present moment[2].

    Are you spending most of your day reacting to things, or have you taken the time to think about what your perfect day looks like?

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    We all have the opportunity to create rather than react, to decide what we do with our day. All of our future success can be created in the present moment if we just take a step back and take action.

    Sometimes, doing it now is more important than doing it perfectly. There are hidden opportunities in every moment. We need to make sure we don’t miss them if we want to feel self-assured.

    8. Calm the Whirlwind

    The day-to-day life in business and life can be hard, which leads us to feel less self-assured.

    Your mind may be full to bursting with all of the things you feel you have to do. The phrase “I don’t have time” has almost become an instant reaction by so many people when new opportunities are presented.

    There is a whirlwind happening inside our minds.

    Appointments, notifications, tasks, phone calls, errands, cash flow, staffing issues, networking, marketing all can clutter up our timeline. The sheer volume of things we feel we should do creates procrastination, stopping us from pursuing the projects and people that matter.

    Many of us feel we have to do everything within our business.

    Rather than simplifying things and doing less, we do more. We work longer, which creates a lack of energy and focus. Because of this, we lose clarity on our biggest opportunities. If you feel this way, take some well-deserved time off.

    Look at where you’re spending your time. How much of your time is being spent moving your ideas forward?

    In the next 90 days, if you could delegate or outsource more daily tasks and spend more time focusing on where you add the biggest value, what difference would it make?

    Calm the whirlwind by slowing down and doing less.

    Focus on areas that you add the biggest amount of value. By doing this, your energy levels will increase, your confidence will grow and you will have more success.

    9. Take More Time off

    This may seem counterintuitive, but taking more time off to recharge and refocus can pay huge dividends.

    If you are constantly fighting fires and caught up in the myriad of different activities that you have to do each day, then how can you move your business forward?

    You may be being pulled in difference directions without any focused time on your biggest projects. If that’s the case, then it’s almost impossible to gain any real momentum in moving your business forward and hitting your goals.

    The best way to get off that treadmill is to take more creative time out of the business.

    Could you realistically take one day off per month to work on your business? If you could, what would you do with this time?

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    Just imagine no distractions, only focused time on the strategic development and growth of your business.

    Every day off per month could have a different focus: New product innovation; Thinking about your biggest clients; Improving operations.

    Add to this a quarterly review to check in with your goals progress, and this could have a dramatic effect on where you spend your valuable time.

    10. Celebrate Wins

    Sometimes you just want to get through the day, right?

    You have so much to do. There are so many things on your task list that you just complete what you can and then start another day. But what would happen if, at the end of each day, you took some time out to look at what you’ve accomplished?

    Celebrating success keeps you motivated and helps you become more self-assured. It is not just another day. It’s a day that included things that should be celebrated.

    If you’re struggling to feel motivated, try celebrating a couple of wins each day.

    Celebrating success combined with the gratitude you have for achieving those wins will boost your confidence and inspire you for the next day.

    11. Give Yourself More Space

    When was the last time you gave yourself time to think?

    Within the hustle and bustle, it can be difficult to give yourself a little bit of space and time to just think[3].

    Imagine giving yourself just an hour a day to just let your mind wander or think about a specific thing.

    If you think about it, we can all free up an hour a day for something without really losing any efficiency or really impacting our business.

    In fact, that hour could be transformational for your business and life.

    A new idea for a product could form, or an idea for adding value to your existing clients could materialize. Perhaps you could do a check in to your ideal future and your goals. You could decide that you want to take your business in a new direction.

    Try this: Just sit alone for an hour with a notebook and let it be your creative thinking time. See what happens.

    Final Thoughts

    Ultimately, being self-assured happens when you have a clear direction.

    This, coupled with having clear goals and working in your unique skill-set, gives you the biggest opportunity to be more productive and get more of the right things done.

    The old mantra that “less is more” is right on the money. By giving yourself more time to work on your goals, you will inevitably increase your confidence; at this point, your ideal future can be anything you want it to be.

    More on How to Be Self-Assured

    Featured photo credit: Nathan Dumlao via unsplash.com

    Reference

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