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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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1 How To Break the Procrastination Cycle 2 Types of Procrastination (And How To Fix Procrastination And Start Doing) 3 5 Tips for Overcoming Procrastination and Feeling Overwhelmed 4 Why You Procrastinate: 7 Possible Reasons You Can’t Get Anything Done 5 Is Procrastination Bad? The Truth About Procrastination Revealed

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Last Updated on March 31, 2020

How To Break the Procrastination Cycle

How To Break the Procrastination Cycle

How often do you find yourself procrastinating? Do you wish you could procrastinate less? We all know how debilitating procrastination can make us feel, and it seems to be a challenge we all share. Procrastination is one of the biggest hindrances to moving forward and doing the things that we want to in life.

There are many reasons why you might be procrastinating, and sometimes, it is really difficult to pinpoint why. You might be procrastinating because of something related to the past, present, or future (they are all intertwined), or it could be as simple as biological factors. Whatever the reason, most of us follow a cycle when we procrastinate, from the moment we decide to do something to actually getting it done, or in this case, not getting it done.

The Vicious Procrastination Cycle

For some reason, it helps to understand that we all go through the same thing, even though we often feel like the only person in the world who struggles with this. Do you resonate with the cycle below?

1. Feeling Eager and Energized

This is when you commit to taking a new action or getting something done. You are feeling confident and optimistic that, this time round, you will do it!

2. Apprehension Starts to Come Up

The beginning stages of optimism are starting to fade. There is still time, but you haven’t done anything yet, and you start to feel uneasy. You realize that you actually have to do something to get it done, and that good intentions are not enough.

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3. Still No Action

More time has passed. You still haven’t taken any action and probably have a lot of excuses why. You start to panic a little and wish you had started sooner. Your panic starts to turn into frustration and perhaps even irritability.

4. Flicker of Hope Left

You can still make it; there is a little time left and you ponder how you are going to get it done. The rush you get from leaving your task until the last minute gives you a flicker of hope. There is still time; you can do this!

5. Fading Quickly

Your hope starts to quickly fade as you try desperately to understand why you just can’t do this. You may feel desperate and have thoughts like, “What is wrong with me?” and “Why do I ALWAYS do this?” You feel discouraged, or perhaps angry and resentful at yourself.

6. Vow to Yourself

Once the feeling of anger or disappointment disappears, you most likely swear to yourself that this will never happen again; that this was the last time and next time will be different.

Does this sound like you? Is the next time different? I understand the devastating effect that procrastination has on many lives, and for some, it is a really serious problem. You also have, on the other hand, those who procrastinate but it doesn’t affect them in any way. You know whether it is affecting you or not and whether it undermines your results.

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How to Break the Procrastination Cycle

Unless you break the cycle, you will keep reinforcing it!

To break the cycle, you need to change the sequence of events. Here is my suggestion on how you can effectively break the vicious cycle you are in!

1. Feeling Eager and Energized

This is when you commit to taking a new action or getting something done. You are feeling confident and optimistic that, this time round, you will do it! The first stage is always the same.

2. Plan

Thinking alone will not help; you need to plan your actions. I always put my deadlines one or two days in advance because you know Murphy’s Law! Take into consideration everything that you need to do, how long it will take you, and what you will need to get it done, then plan the individual steps.

3. Resistance

Just because you planned doesn’t mean that this time is guaranteed to be different. You will most likely still feel the resistance so expect this. This stage is key to identifying why you are procrastinating, so when you feel the resistance, try to identify it immediately.

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What is causing you to hesitate in this moment? What do you feel?  Write them down if it helps.

4. Confront Those Feelings

Once you have identified what could possibly be holding you back, for example, fear of failure, lack of motivation, etc. You need to work on lessening the resistance.

Ask yourself, “What do I need to do to move forward? What would make it easier?” If you find that you fear something, overcoming that fear is not something that will happen overnight — keep this in mind.

5. Put Results Before Comfort

You need to keep moving forward and put results before comfort. Take action, even if it is only for 10 minutes. The key is to break the cycle and not reinforce it. You have more control that you think.

6. Repeat

Repeat steps 3-5 until you achieve what you first set out to do.

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Final Thoughts

Change doesn’t happen overnight, and if you have some deeper underlying reasons why you procrastinate, it may take longer to finally break the cycle.

If procrastination is holding you back in life, it is better to deal with it now than to deal with the negative consequences later on. It is not a question of comfort anymore; it is a question of results. What is more important to you?

Learn more about how to stop procrastinating here: What Is Procrastination and How to Stop It (The Complete Guide)

Featured photo credit: Luke Chesser via unsplash.com

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