Vesta Digital Blog

Can YOU be a Successful Entrepreneur?

Posted on: January 5, 2011

Can YOU be a Successful Entrepreneur?Starting a small business is not easy. According to the U.S. Small Business Administration, over 50% of small businesses fail in the first year and 95% fail within the first five years. Not to start off this post with straight negativity or anything, but you need to be realistic.

There is no guarantee of success when you’re starting your own business. There is no formula, no secret recipe, no checklist that will ensure your success if you follow such and such steps.

However, there is hope. If you can see yourself fitting into all of the following categories, you may very well have the potential to succeed as a small business owner:

A self-starter:

Someone who is capable of stepping up to the plate, initiating and developing projects, organizing and balancing time and responsibilities, and being detail oriented.

A chameleon:

Someone who can get along with various different personalities, a diplomat who is capable of developing a relationship with any kind of person whether they are a dissatisfied customer, a sporadic vendor, an irate banker, or an unreliable consultant.

A decision maker:

Someone who can perform under pressure, someone who can make a quick, independent decision with a pressing deadline. If your website is down, you can make the calls to have it fixed and up and running while also coddling the dissatisfied client who couldn’t place an order online.

A planner

Someone who understands the importance of organization, an organizer who knows what is demanded of him or her five minutes from now or five days from now, who can organize finances, inventory, schedules, marketing strategies, and dodge any major mishaps.

A pusher

Someone who can take the emotional trials of running a small business, a person who does not take no for an answer and is not intimidated by responsibility or work overload.

As an entrepreneur, you can’t underestimate the difficulty of starting a new business and succeeding. It is important to be patient, work hard, stay organized, be open-minded, and keep pushing forward.

Distributed by IntelBuilder Social Media Platform

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