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4 Questions To Ask If You Want to Be an Entrepreneur
Many dream of owning a business, whether that’s a money-making blog, an online store, or a brick and mortar business.
Content creators dream of being successful and able to earn a from publishing their content, whether video or written.
Bloggers dream of taking their blogs full-time.
They imagine their products and services impacting the lives of other people.
Are you one of those people?
Some pretty sweet advantages come with running a business:
- Control of your time
- Freedom to work from wherever you want
- Countless opportunities for growth and income
While having an idea that you can turn into a business is a start, are you ready to be your own boss?
Here are 4 questions to ask yourself if you want to be an entrepreneur
Do You Prefer To Work On Your Own Or With Others?
Some people think that preferring to work on your own would be an advantage to be your own boss, but it may be better for those who want to go into freelance.
If you become an entrepreneur, chances are you have to work with a team, especially when you want to expand your business.
Sure, you could start out as a solopreneur, especially if you’re a content creator or blogger. Still, when you want to expand your biz, you will start considering hiring other people to help you manage your business, such as a VA or SME IT support.
So really, if you want to be an entrepreneur, you have to also be a good leader.
Do You Take Your Work Home?
To be a good entrepreneur, you must have thick skin to deal with issues and problems.
Because no business is always smooth sailing.
Being an entrepreneur means continually solving problems.
So if you’re going to start your own business, you must be committed to your dream.
You need grit to face the tough days as well as the good ones.
While being an entrepreneur also means that you get to set your own schedule, it may not always have those 4-hour workweeks or “no work on weekends”.
Especially in the beginning and if you’re a solopreneur, you’ll have to work at it too before you get to a point where you can automate systems and tasks to be more efficient or outsource specific tasks to free up your time.
So if you’re someone who is set on leaving work after clocking out, then this may not be the path for you.
But if you’re ready to face the challenges of an entrepreneur, the entrepreneurship path can be lonely especially if you’re the first in your circle of friends or family.
You could listen to an entrepreneur podcast to get a feel of how other entrepreneurs manage their businesses and learn a thing or two about how you can apply it to your biz.
Do The People Or The Company Come First?
Great leaders know that the right answer is balance.
Your business is made up of the people who make it possible for your business to run the way it does, so when you take care of your people, you also take care of your biz.
Then again, there are also times where you will be forced to choose which to prioritise.
It all depends on the situation.
Do Tough Decisions Affect You?
As mentioned, there will be situations where you will have to make tough decisions.
But the question is, do you let these tough calls consume you for days on end?
While empathy is essential to be a good leader, but as an entrepreneur, you also need to know how to manage your emotions to make the right decision.
You need to be able to move on when you’ve made a choice.
You need to trust that you’ve made the best choice.
As an entrepreneur, you’ll have to make difficult decisions, like letting people go or ending a working relationship with a bad client and be able to keep working afterwards.
You can’t be hung up on a decision you made, as this will impact your ability to lead and work efficiently.
Learn to make hard choices.
Photo by Jess Bailey on Unsplash