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What Does It Take to Be a Successful Entrepreneur?

Many people wonder if they have what it takes to start their own business. The good news is that the short answer is yes, they do. Everyone has the potential to become their own boss and manage a successful business.

Entrepreneurs, on the other hand, come in all forms and sizes. Many people work a nine-to-five job and then run an ecommerce business from home. These people are already business owners. Stay-at-home mom or dad, who schedules time to work on a blog? They are business owners too. A full-time student with a desire to sell artwork to local businesses. They, too, are considered business owners.

Anybody who wants to be free of the constraints of a 9-to-5 job and seek a life of financial independence has what it takes to succeed, but they must have the correct business attitude.

Entrepreneurship Gaining Popularity

If people look back at the previous years, they will notice that entrepreneurship is becoming more popular. Around 51% of the current working population feel that now is a great time to start a new business. 80% of them who say they plan to start one in the next three years are already taking steps to implement their plan. 

Having the Entrepreneurial Spirit

When it comes to problem-solving, the most successful entrepreneurs can think outside the box. These folks are skilled communicators who are also capable of taking on the responsibilities of a supervisor or manager. Self-motivated people who have the ability to assess risk responsibly and understand how to manage personal and professional money may be excellent candidates to become an entrepreneur.

For those wondering if they have what it takes, answering these questions will help. The more they answer yes, the more it shows they have what it takes.

  • Are they able to handle surprises calmly?
  • Do they track their money and spend it wisely?
  • Are they capable of adapting to change?
  • Are they good leaders on group projects?
  • Are they comfortable overseeing people and projects?
  • Are they bored doing the same tasks repeatedly?
  • Are they a people person?
  • Do they refuse to give up?
  • Does their current company consider their skills a strength?

The post What Does It Take to Be a Successful Entrepreneur? first appeared on Dan Idhenga | Business & Entrepreneurship.

from Dan Idhenga | Business & Entrepreneurship


Published by Dan Idhenga

Based in New York, Dan Idhenga is intrigued by the realms of business, entrepreneurship, and finance. Currently, he is studying to receive his Bachelor of Business Administration from Baruch College, City University of New York, from which he expects to graduate in June of 2020. With a concentration in finance, a minor in political science, and sweeping interests in global affairs and macroeconomics, Dan is looking forward to diving head-first into the workforce upon receiving his degree. Throughout his academic career, Dan Idhenga has been presented with incredible opportunities to undergo personal and professional growth, both through internships and other leadership activities made available to him through Baruch College. He has actively participated in the school’s chapter of Sponsors for Educational Opportunity (SEO), 50Five Capital/Baruch Fund, and Delta Sigma Pi, the Professional Business Fraternity.

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