Pages

5 Signs Entrepreneurship is Not For You

I have always had this thought
that being an entrepreneur is a calling. The road of an entrepreneur
is not "bread and butter" and takes a strong conviction and inner
vision to keep going.

Wanting to be your own boss is not a good enough reason to think
entrepreneurship is for you. You can be successful working for another
person, infact there are many who have run companies like it was
theirs...But you know what the company is actually theirs because
they've become a part of it.

So how do you know if being an entrepreneur is not for you?

According to Enterprise54:

"Many people are seeking ways of diversifying income, seeking
alternative or multiple streams of income. Many are turning to
entrepreneurship and small businesses for this reason.

However, with the volume of data available about small business or
startup failures, it is important to determine if starting a small
business is the best way for you.

This article seeks to identify 5 key pointers that will help the
reader, determine if entrepreneurship is really their forte.

1. You Are a Habitual Latecomer

If you are a habitual latecomer in your present job, entrepreneurship
isn't for you. The reason is not far fetched. Entrepreneurship
requires efficient time management, consistency and punctuality. These
are skills and attitudes you need to develop while on a paid job. If
you are late to a paid job, you'll be late in your business. When you
are late to close a deal, you begin to lose respect and client base
keeps reducing. When that happens, you won't be in business for too
long.

2. You Need Constant Supervision

The good thing about having your own business is the freedom and
authority that comes with it. You can decide to delay a task because
no one is breathing down your neck. However that same freedom could be
the death of your small business. If you are not careful, it signals
the beginning of sloppiness. Indiscipline is one of the reasons
startups fail in Nigeria. If after years on the job, you still need
monitoring and supervision, entrepreneurship isn't for you. Don't even
bother, because you will run down your startup. Entrepreneurship
requires thinking on your feet, innovations, doggedness and
discipline. No external supervision, (except mentoring).

3. Your Input in Your Present Job is minimal

As a business owner, you need to be able to multi-task. Especially
when you are starting out, You do a whole lot of things. If your input
in your present job is minuscule, entrepreneurship isn't for you.

4. You Don't Do More Than Your Job Roles

Entrepreneurship requires hard work, doing more to beat your
competition. Not for lazy asses. If all you do in your present job is
what you are given and nothing more, entrepreneurship isn't for you.
It simply means you are not ready to take more challenges, you are not
ready to solve more problems and entrepreneurship is about solving
problems.

5. You Are Happy With Your Job

If you are happy and fulfilled in your paid job, entrepreneurship
isn't for you. The rule of the thumb in choosing a career or starting
a business is to do something that you are comfortable with. Something
that makes you happy. Entrepreneurship requires a clear head & healthy
mind. If you are happy with your current Job, stick to what you are
good at."

(credit:http://enterprise54.com/5-signs-entrepreneurship-is-not-for-you/)

0 comments:

 
Related Posts Plugin for WordPress, Blogger...