Many people
dream of being their own boss…and owning their own company. If that is one of
your goals, the Small Business Administration recommends you assess if you have these
characteristics and skills commonly associated with successful entrepreneurs:
Comfortable with taking risks: Do you avoid uncertainty in life at all
costs? If yes, then entrepreneurship may not be the best fit for you. But if
you enjoy the thrill of taking calculated risks, it may be.
Independent: Entrepreneurs have to make a lot of
decisions on their own. If you find you can trust your instincts — and you’re
not afraid of rejection every now and then — you could be on your way to being
an entrepreneur.
Persuasive: If you enjoy public speaking, engage
new people with ease and find you make compelling arguments grounded in facts,
it’s likely you’re poised to make your idea succeed.
Able to negotiate: As a small business owner, you will
need to negotiate everything from leases to contract terms to rates. Polished
negotiation skills will help you save money and keep your business running
smoothly.
Creative: Are you able to think of new ideas? Can
you imagine new ways to solve problems? If you have insights on how to take
advantage of new opportunities, entrepreneurship may be a good fit.
Supported by others: Before you start a business, it’s
important to have a strong support system in place. If you do not have a
support network of people to help you, consider finding a business mentor. A
business mentor is someone who is experienced, successful and willing to
provide advice and guidance.
The SBA has
created these 20 questions to help ensure you’ve thought about the
right financial and business details.

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