Do You Have What It Takes to be an Entrepreneur?

An entrepreneur is defined as a person who sets out to start a business or businesses, taking on financial risks in the hope of profit. However, there is more to being an entrepreneur than that. Entrepreneurs are creators and risk-takers. A special group of people that live on their own terms; identifying opportunities that solve problems in society. 

So how do you know if you're an entrepreneur?

Well, below is a list of questions that will help you identify the characteristics of a successful entrepreneur: 

  • Are you comfortable with being uncomfortable? Life is not all smooth sailing. The life of an entrepreneur is a life of risk; you’re going to go through tough situations and make hard choices. An entrepreneur knows that putting themselves in uncomfortable situations is one of the biggest ways to achieve growth and success. The more uncomfortable situations you face, the more likely you’ll be able to navigate your way to greatness.
  • Are you unafraid of failure? One thing is certain in entrepreneurship; failure is a part of the journey. If you are willing to struggle a little to achieve big things, then maybe you have what it takes to be an entrepreneur.
  • Do you work well with authority? If your answer is no, then entrepreneurship could be for you. If you like being in charge, starting new projects and have the ability to lead people who follow your vision, you could make an successful entrepreneur.
  • Are you constantly reaching for bigger achievements? Are you never satisfied with just being good enough? Being a business owner means continuous improvement (to skills, processesses, products and services) and never resting in your comfort zone. If you love achieving, entrepreneurship might be for you.
  • Are you always noticing how things can be improved? You may notice how a service or product can be made better, or how it can be made more valuable for its users. Having the skill of being able to optimise everyday life is a major characteristic of an entrepreneur. Learn to nurture this characteristic and harness it to take advantage of the opportunities that you identify in life.
  • Do you want to create a lasting legacy? Do you feel a strong desire to start or create something that will benefit others and continue even after you die? Many entrepreneurs are purpose-driven. They want to create a legacy, and the best way to do that is to start something that will be of benefit to people’s lives and add value to the world. And remember, to preserve this legacy, it’s a good idea to get comprehensive business insurance cover.

There are many different personality traits and skills that are common amongst successful entrepreneurs, and these are just a few of them. If you answered yes to most of these traits, then you could be destined for work as an entrepreneur. Don't waste any more time. Get out there, start being successful and live your way!

Related Articles

MiWay launches innovative Professional Liability cover

South Africa’s economy relies on professionals to offer the advice companies and individuals need to make the right decisions.

Smart dashcams have growing role to play in fleet management

A new generation of dashcams has the potential to improve safety and reduce costs – excellent news for fleet owners in tough times

What type of insurance does a business need?

What type of insurance does a business need? Extensive insurance cover is a must for businesses, big or small. Sharpen your knowledge and discover which type of...