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Thursday, January 21, 2010

Are You an Entreprenuer? (Part 1)

Successfully operating a business depends on more than just having a practical plan based on a solid foundation, dedication and sacrifice in order to reach your goals, technical skills, and basic knowledge of operations (i.e., management, finance, record keeping, and market analysis).  Before starting your own business, take the time to evaluate your skills and willingness to take for risk.

To get started, check out my posts on the potential risks you'll encounter while in business and how to consider your reasons for starting your own business.  You should also conduct a self-analysis to see if you possess the personal characteristics required to go into business.  Today, we'll begin a three part self-analysis by looking looking at you, the individual.  In my next postings, we'll expand this self-analysis checklist by delving into the personal conditions, skills and experience that you'll need. 

Personal Characteristics
  • Are you a leader? 
  • Do you like to make your own decisions? 
  • Do others turn to you for help in making decisions?
  • Do you enjoy competition?
  • Do you have will power and self discipline?
  • Do you like people? 
  • Do you get along well with others?
  • Do you plan ahead?
  • Do you get along well with others?
Remember, your future is at stake!  So be sure to give these questions some serious thought.

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