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Are You Cut Out To Be An Entrepreneur?

Are you tired of working for someone else? Do you feel that you have a great idea that can be the start of a great business? Do you see opportunities everywhere you look? Well, then, you might just be an entrepreneur.

Before you can know if you are cut out to be an entrepreneur, however, you have to understand just what an entrepreneur is. That is not quite as simple as it sounds since the definition has been changing for nearly 100 years!

The first definition was simply someone who invented something. Eventually it turned into someone who owned a business. Neither one of these definitions really got to the heart of entrepreneurship. The best definition I have found, and the one used most often today is this:

Someone who organizes, manages, and assumes the risks for a business or enterprise.

This description shows that not only does a person “invent” something, but that they see the opportunity and build a business around it. An entrepreneur has a vision and builds around this vision.

Debunking Entrepreneurial Myths

Not only have definitions been changing, many myths have been flying! There are many myths associated with what it takes to be an entrepreneur. Let’s examine of few of these and see if we can’t put things into a better perspective.

Is it true that you are either born an entrepreneur or you are not? Are you doomed to forever work for someone else simply because of your genetic makeup? It is true that entrepreneurs typically have a flair for the creative and a lot of energy. These are things that we are born with. However, just having these characteristics certainly does not make you into an entrepreneur.

These talents by themselves are like unmolded clay or an unpainted canvas. A true entrepreneur takes these characteristics and gathers the right skills, experience, and contacts. They are also constantly searching themselves to make improvements. You are quite likely to find an entrepreneur in the “self help” aisle of a bookstore!

So, the answer to the question? Yes and no. Yes, there are talents that most entrepreneurs are born with. And no, you have to actually use and continue to improve these talents!

  • Myth #2: Anyone can start a business.

Although it is true that anyone can acquire a business license and open shop, there is far more to “starting a business” than starting up. The easiest part is starting up. The hardest part is surviving, sustaining, and building. It takes work to overcome, to build, to persevere, to create, and succeed. To be a champion it takes focus, creativity, diligence, time, and resources.

Can anyone start a business? Yes, they can. Can anyone succeed? Yes, if they put their heart and soul into it, along with the right resources!

  • Myth #3: Entrepreneurs are their own bosses and completely independent.

The dream of being “your own boss” often captures the attention of those working for someone else. There is this notion that the boss makes up the rules and only has fun. This is far from true! Entrepreneurs, though independent, have to serve many masters including customers, employees, families, and those involved in social and community obligations. Entrepreneurs, however, can make free choices of whether, when, and what they care to respond to.

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