Do you think you are ready to be an entrepreneur? So you have a great idea, an idea you think will change the world, an idea that would mint money and you think you have a strategy to go about doing this. You have saved up enough money or managed to borrow some funds to launch. Then what?
It unfortunate to break the truth – Not every idea is successful. A lot of brilliant ideas have not seen the dawn, not because of a missing strategy, but the owner of the idea has a certain characteristic trait, or NOT. Take a look at your skill set and see if you are cut out for it. Do not jump blindly. If you can relate to any of these, think twice before you venture into the world of entrepreneurship
Life is not a roller coaster ride: You like to follow a certain routine. You wake up, go to work, leave work and go out to meet friends and relax. A pattern suits you. It is fairly comforting. You do not live on the edge. If you are afraid to try new things, you are not cut out to be an entrepreneur.
Show me the money, honey: Your idea of being an entrepreneur is to earn stacks of cash, go on long holidays and buy sports cars and a beautiful property to live. You can earn all of that and more, say in ten years. Those ten years will be the test of time. If you are not prepared for that, you are not cut out to be an entrepreneur.
You are a perfectionist: This is a double edged sword. It’s good to better to your idea, refine your product before you launch and try and perfect it as much as possible. But if you are a perfectionist waiting to get it right before you announce it to the world, your idea may just remain as a paper product. Entrepreneurship is not for you.
Lack the grand vision: You have an outstanding idea and a plan to launch. But where do you see it going in five years from now. Where is the future for your grand idea? Who do you intend to serve in ten years from now? If you cannot see the big picture for your business, you would probably end up as a small timer.
She loves me, she loves me not: A never ending question. I say, she loves me. As an entrepreneur, you will have to take tough decisions. The road is not the same every day and you have to make decisions to keep your business going. If you cannot decide, you are not cut out to be an entrepreneur.
Easy to sway: OK, life is tough. It will only get tougher. You will see the rainbow only after it rains. Until then, everyone around you will talk. Friends, family, colleagues, partners, everyone. The beauty about human being is that, we all have an opinion. As an entrepreneur you need to know how much to take and how much to block. If you get easily swayed by people’s opinion, entrepreneurship is not for you
Jack of all trade, king of none: Let us say your strength is in IT and you can develop a beautiful website. Do you know how to market it? As an entrepreneur, you will be learning new things every day. You have to be a jack of all trade to be successful
Love talking? Take it to the stage: Yes, the dreadful part and we all know. There are no issues talking to a bunch a friends but when you climb that stage, your knees go weak. Overcoming stage fright is one of the most important thing if you want to be an entrepreneur. If you can’t stand up and pitch, who will know your product anyways?
Work, Manage, Work, Manage: You could be good in what you do. But you are not alone. You need a team and the team needs to be managed. This is a continuous loop. If you can’t delegate, direct, motivate, inspire and while doing all of that, still chase your dream, you are not cut out to be an entrepreneur.
Being lonely: Entrepreneurship is a lonely journey. You would find yourself deserted, left out or even disowned by the ones around you. Does it bother you? Can you lock yourself up, chasing your dream, networking with people who matter, till you are ready to show the world? If you are not, then entrepreneurship is not for you.