signs of an entrepreneur, by Joseph Anthony
Provided by the Microsoft Australia Small Business
How do you know if you have what
it takes to start a business? Here are six signs
that you have the entrepreneurial spirit.
takes an entrepreneurial fire in your belly to
start a business and make it succeed
and not everyone has it. How do you know if you
have what it takes to start a business? There's
really no way to know for sure. But I do find
things in common among the emotional and family
fabric of people ready to consider an entrepreneurial
don't have to fit all six of these categories
to be a good candidate for entrepreneurship. But
it probably wouldn't hurt. In general, the more
you have in common with these characteristics,
the closer you probably are to being ready to
try going out on your own.
come from a line of people who couldn't work for
someone else. I don't mean that in a negative
way. People who are successful at establishing
their own business tend to have had parents who
worked for themselves. It's usually easier to
get a job with a company than to start your own
business; people who strike out on their own often
have the direct example of a parent to look to.
a lousy employee. No need to sugar-coat this one.
People who start their own businesses tend to
have been fired from or quit more than one job.
Perhaps you were asked to leave or you quit before
they could fire you. Think of it as the marketplace
telling you that the only person who can effectively
motivate and manage you is yourself.
see more than one definition of "job security."
I'm truly envious of the few people I know who've
stayed with one employer for 25 or 30 years. They
look incredibly secure. But how many people do
you know who are able to stay with one company
that long? In a rapidly-changing economy, job
security can be frighteningly fleeting.
done the market research already. Don't even talk
to me about your great business idea if you haven't
put the time into figuring out if there's a market
for your product or service. As the people behind
any number of failed Internet ventures will tell
you, "cool" doesn't necessarily translate
into "profitable." Don't bother building
it if you haven't figured out whether there's
a good chance the customers will come.
got the support of your family. Starting a business
is stressful under the best of circumstances.
Trying to do it without the support of your partner
or other significant family members or friends
would probably be unbearable.
know you cannot do it alone. You might excel at
promoting a business. Maybe you love running the
financial end of the enterprise. You could be
someone who starts a business because you have
unique creative or technical know-how to create
of the above is possible, but it's unlikely that
you are going to excel at all of these tasks
or at all of the tasks involved in running any
business. Forget all that "lone wolf"
stuff. No matter how "go-it-alone" your
philosophy is, you're going to need some help
willingness to get that help, having employees,
partners or consultants for those areas in which
you are not an expert, is one indicator of likely
future success. "No successful entrepreneur
has ever succeeded alone," development consultant
Ernesto Sirolli writes in Ripples from the Zambezi.
"The person who is most capable of enlisting
the support of others is the most likely to succeed."
information is provided by the Microsoft Australia
Small Business Centre. For small business product
information and solutions to common problems,
- Small Business
Australia - Small Business
and personality management - Why it is needed,
by Greg Tingle & Yvette Moore
Mediaman Shakes Up Media and PR Market -
8th March 2004
Mediaman awarded Government Grant - 31st