To be fair, you can become an entrepreneur if you have problem-solving skills, patience, consistency, credible business ideas, determination, hardworking nature, and an eye for opportunity. Entrepreneurship is all about creativity, acceptance, adaptation, recognition, and innovation. There is no hard and fast rule to becoming an entrepreneur but you must get the right skill, up-to-date knowledge, challenging behavior, and acceptance of failure.
Remember, becoming an entrepreneur takes years of hard work and long hours without any recognition. Success doesn’t come overnight. Therefore, in the process, you must not give up. There is always risk involved in the process such as running out of cash, tough competition, lack of resources, and the failure of an idea. At the end of the day, those who get success stick to their business and do not lose hope.
Although none of us will succeed in the same way as Mark Zuckerberg, Bill Gates, or Richard Branson, anyone can start a business locally with the bare minimum of resources. Later, after success one can expand the business to the national and international level. Only Few entrepreneurs make millions for the first time out of thousands and many face failure. You must know how to play safe and learn from mistakes and start again. It’s just as difficult to find a job as it is to launch your own business. So it is best to pursue entrepreneurship.
Being an entrepreneur is rewarding and a low-risk career option
In today’s difficult economic situation entrepreneurship is less risky. Entrepreneurship is often painted as a ‘’death or glory’’ image, however, the reality is different. We all know bankruptcy isn’t pleasant but it’s not life-threatening. Also, you will not regret the decision as it allows a tremendous amount of learning and growth opportunities. Moreover, the internet has made it easier than ever to start something of your own.
As an entrepreneur, some opportunities don’t even require investment. Even without quitting your job you can start your business.
Lack of Job opportunities requires you to become an entrepreneur
In conversation with The Guardian, a student Mambretti says,
“A few years ago just doing a master’s meant you could find a good job and have a decent career – now it’s not like that. We need to create job opportunities.”
Given the intense market rivalry, creating one’s own job is best. After earning degrees from prestigious universities and spending thousands of dollars, many students struggle to find trustworthy and good jobs. They speculate about beginning their own company in that situation. Additionally, a job restricts one’s development and growth by imposing hard deadlines on tasks, whereas entrepreneurship enables growth.
A tremendous amount of growth opportunities
Entrepreneurship provides an enormous amount of learning opportunities to an individual such as the ability to recognize problems, opportunity recognition, teamwork, problem-solving skills, resource management, learning to accept failure, and other important life skills.
It teaches how to resolve real-world problems using innovative approaches. Since as an entrepreneur most of the job is handled by you, you have the opportunity to learn new skills such as financial management, human resource management, procurement skills, and communication.
If you believe in your abilities you can become an entrepreneur
Bear Bryant’s famous quote is true for entrepreneurs that goes like, ‘’ If you believe in yourself and have dedication and pride – and never quit, you’ll be a winner. The price of victory is high but so are the rewards. ‘’
If you believe in your abilities and simply know that you can achieve your goals, you’re destined to be an entrepreneur. You do not have to be the smartest person in the world to get success, rather you must be persistent. God has put the gift of ability in everyone, it is your job to figure it out, and use it for the right purpose.
Your creativity doesn’t fit into the status quo
If you feel like you don’t fit into the culture of the workplace environment. You don’t feel like you belong to the place following traditional patterns of work. You want to create something unique, something different so that you can function according to your will and passion. Many people find it hard to adjust to a traditional environment and look for ways to avoid it. However, they do not take risks and start their own business but rather stick to the work irrespective of not finding it interesting.
You must change this attitude and behavior, and start your own business. Be the change maker and inspire others.
The idea of a 9 to 5 job turns you off
There is nothing wrong with working a 9 to 5 job, but you can start your own business instead of devoting a lot of your time and energy to building someone else’s. As an entrepreneur, you may put in more hours, but you will enjoy it more than you will feel compelled to.
Additionally, if you are an entrepreneur, you will have a successful corporation and company for the rest of your life rather than nothing in your hands when you retire from your work.
You love to help others
It depends on what drives you in life. If you love working for others and making contributions to the community or society, you can become an entrepreneur. You will better understand the necessities, desires, needs, and problems of the community and your audience.
You’re comfortable being alone
Entrepreneurship requires more time and hours, and you spend daylight working on your ideas that no one else can do. That also requires moments alone to focus on your tasks. Most entrepreneurs spend their nights working on their businesses without needing anyone’s assistance.
An important question is how you analyze yourself to know if you can become an entrepreneur.
Entrepreneur self-assessment: test your entrepreneurial potential
Self-assessment is one of the best ways to understand if the business opportunity or entrepreneurship suits you. Evaluation of personal traits such as skills, knowledge, likes and dislikes, ability to meet challenges, and experience will help you define the scope and size of your venture.
For this purpose, you can use online self-assessment tools that will help you define your career based on your traits. Tons of sites are available that provide personal assessment tools such as bdc Entrepreneurial potential self-assessment which includes 50 statements, and it takes only 10 minutes to complete. Similarly, you can find more credible sources and tools to test your knowledge and skill in relevance to entrepreneurship.
What You Need to Know about yourself
If you’re starting your own business, it is advised to know yourself inside and out. You might say I know myself but to pin down your qualities in relevance to business or entrepreneurship is quite hard. Using a professional self-assessment tool may help you:
- Understand the best skill require for entrepreneurship and a skill that requires polishing
- Helps you know what drives or motivate you
- Recognize your weakness and strength
- See lopes where you need assistance
- Assess Personality traits; decision making, critical thinking, communication skills
We recommend taking a few self-assessment tests and also using the information to improve both personally and professionally.
We have come up with a few sites that you can use for self-assessment.
Survey Monkey self-assessment
The survey monkey self-assessment test is prepared for people who are willing to start their own business, however, unable to recognize skills and abilities and are confused.
They also provide complimentary sessions with one of the business mentors, if you require one. You can provide your contact information at the end, and they will reach out to you.
GALLUP: Clifton strength
Clifton Strength assessment requires you to pay for the test. If you are looking forward to a more in-depth analysis and assessment, you can go for it. After taking the test you will know what you naturally do best. You will learn how to transform your talent into a strength. And use personalized results and reports to reach your maximum potential.
The test includes 177 questions divided into 34 Clifton strengths themes. The assessment assesses your natural pattern of thinking, behaving, and feelings, and calculates results.
The entrepreneur test is based on a questionnaire designed to assess your personality and tells you if you have the entrepreneurial ability. It gives great insight into your qualities and weaknesses that you can improve. The test is free, and you can take as many as you want.
To aid your career as a successful entrepreneur, the test plays an important role in helping you to understand your characteristics and areas for improvement.
E-Scan is an online entrepreneurial assessment test that is quick. It is based on extensive research to uncover the competencies you need to be an entrepreneur. It assesses your entrepreneurial mindset to start a business. It only takes 15 minutes to complete the test and it’s free.
No one is born an entrepreneur or perfect. Everyone can make improvements. These tools help you understand where you need to improve and enhance your skill.
Mercer: Entrepreneur Assessment to Evaluate Entrepreneurial Competencies of Candidates
The entrepreneur test is a comprehensive test that identifies the crucial entrepreneurial skills and characteristics one needs before starting an own venture. It focuses on the cognitive and behavioral competencies required to excel as an entrepreneur. A free trial is available for this test, and you can also request a demo.
You need to feel confident about your skills and abilities and accept a challenging environment. It is not possible if you are aware of your strengths and weaknesses. And work on your flaws to make improvements.
Gyfted: Free Entrepreneurial Personality Test
Gyfted entrepreneurial personality test gives immediate personalized feedback to help you improve your skills. It measures traits like risk-taking, attitude towards innovative ideas, and pro-activeness.
The test aims to change your behavior towards personal growth and development, considering your attributes and also areas needing improvement. The test is free, and you can take the results after spending a few minutes on it.
Besides, you can explore other ways to understand your attributes, skills, and abilities. You can either find online self-assessment tests or quizzes to help you understand yourself. These tools help you both professionally and personally figure out your natural ways to react to things and get things done. Also, share with us your favorite personality test platform.
Becoming an entrepreneur isn’t that difficult but it takes time, energy, and effort. Being an entrepreneur is challenging since you have to handle everything on your own. At times, the experience might be overpowering and terrifying. However, it is one of the most thrilling and fulfilling after you become used to the procedure, working, attitude, behaviors, and atmosphere. It requires your perseverance, quick thinking, current information, a sense of change, familiarity with technology, and fresh, innovative company ideas.
Above all, you establish your empire in an environment where you are supported by a motivated staff and are surrounded by like-minded individuals. Through your business, you help the community and society in addition to yourself, your family, and your close friends. You turn into a source of income for the person you hire.
To be rich to the level of success, you must start somewhere. Take your first step today if you have been procrastinating about entrepreneurship. Use the above tools to figure out what you need to become an entrepreneur, and improve your skills. We wish you the best of luck in your future endeavors and success, and we ensure to bring more informative articles to provide you with key information.
Share your experience with us, and let us know which of the tools you have used for Self-assessment or any other platform. We would love to hear about your experience, and learn how you use that information.