Signs You’re an Entrepreneur
What comes to mind when you think of an entrepreneur? Would you think someone who is passionate, dedicated, optimistic? Of course, all of these apply. Figuring out if you have what it takes to be an entrepreneur can be difficult. If any of the signs below apply to you, you might be an entrepreneur at heart.
You Take Action
Entrepreneurs have a concept but not necessarily a detailed strategy. They have an invent as you go mindset. People with life experience have an active-solving ability and think-on-your-feet resourcefulness that can be more valuable than book smarts alone. People that have studied business might be prone to over-analyzing situations rather than taking action.
Ambition can be often mistaken for being really insecure underneath when it comes to an entrepreneur. You want to be nervous about failing so you can then become hyper-focused and willing to do whatever it takes to succeed. By feeling insecure, you can use that emotion to drive you to achieve your business goals.
Find out which resources you will need even if they are not the exact resources you are looking for. As long as you have a craft-like ability about you, you will somehow figure out how to make everything work out. It’s not about having enough resources, it’s about finding a way to be resourceful with what you have. Being an entrepreneur is all about creativity, optimism and street smarts.
You Have an Obsession with Cash Flow
Constantly focusing on cash flow and liquidity will help you make an impact on the company’s future. You need cash even if you have the best company and the best receivables in the world. Try to include a partner who can provide cash advances on projects and maintain close communication with suppliers.
Entrepreneurs do not avoid risk. They instead, see the potential. For example, they are not afraid to leverage their houses and run up their credit card balances in order to amass the funds they need to create a new venture. They are in more ways than not, the ultimate optimists because they operate under the belief that their investments of time and money will eventually pay off.