Are you entrepreneur material?

See if you have what it takes to launch a business! (You probably do)
Amal Alshamsi
by 
Amal Alshamsi
Are you entrepreneur material?

If you’re tired of working for someone else and want to start your own business but aren’t sure if you’re up for the challenge, this is everything that you need to know. Chances are that you are cut out to be an entrepreneur and don’t even realise it yet.

Most people will tell you that you need business acumen and marketing skills to become a successful entrepreneur, but even if you don’t, you can learn it on the job. What’s more important is having the right kind of mindset.  

Here are the top characteristics of successful entrepreneurs: 

1. Being proactive 

Entrepreneurs are who they are because they always take initiative rather than waiting for things to happen. They act in anticipation of future needs and problems rather than waiting for them to happen and figuring it out from there.

Businesses don’t grow by themselves and there are no rulebooks for how to be successful, so entrepreneurs need to be imaginative in how they can take their ideas to the next level. To be proactive and stay steps ahead of the market and competition, you need a strong motivation that gets you up every morning ready to try out new things. 

❓Ask yourself if you enjoy a challenge and if your decisions anticipate future challenges 

2. Staying Persistent 

When you’re building your own business, perseverance is key. Even when it feels like the business is not working or they’re having problems with traction, founders always continue on with conviction. That doesn’t mean that they are stubborn and don’t listen to what the market is telling them. Their persistence is in experimenting with different ideas, markets, and solutions and constantly changing or iterating to build something impactful. 

Their persistence extends to their relationships with customers. Entrepreneurs follow up consistently with their customers and partners to form strong connections. 

❓Ask yourself if you are determined to keep going even when challenges arise.

3. Having a healthy relationship with failure

The main pillar of entrepreneurship is “fail fast, learn faster” because the reality is that founders are always going to encounter failure at some point. Even the best idea will face small failures, but those failures are actually the path to eventual success as the best founders are always ready to try again. 

Entrepreneurs know that giving up right away or going too far with the wrong idea gets them nowhere. So, they are comfortable with failure as they know it’s best to fail in the early stages and from that failure before they try again. 

Having a healthy relationship with failure is crucial. Entrepreneurs don’t look for something to blame when things go wrong, instead, they dig into what happened and how they can pivot to get a better result. Instead of viewing failure as an unpleasant thing to avoid, entrepeneurs see it as an opportunity to do better next time. They use their failure as learning opportunities and small steps towards their goals.

❓Ask yourself if you are prepared to fail, learn why, and try again. 

4. Adaptable to change

Now, you’re getting the flow of it. As failure is unavoidable, entrepreneurs get out of planning mode and into testing mode. They still make a rough timeline of their plan and set goals for themselves but always factor in the unpredictable. If things go off track, they are prepared with a Plan B, C, and even D. Building a business means that you are constantly troubleshooting and trying out new angles, so as a founder you’ll need to embrace change.

❓Ask yourself if you are flexible enough to adapt your plans and be open to different directions.

5. Willing to learn 

At the end of the day, the top founders in the world are super invested in their ideas because they care about them. You need to be curious about your problem space and the related skills you need to work on to build and sell your product. Even if you don’t have 

Entrepreneurs are keen to dig into the market and understand their customer base or niche. Talking to people is part of their job description as they need to know how they can make their product a perfect fit for as many people as possible. 

❓Ask yourself if you’re excited by the prospect of learning the job and speaking to people to learn about their problems. 
Download the canvas here
Discuss your business plan with a mentor here
No items found.

Are you entrepreneur material?

See if you have what it takes to launch a business! (You probably do)

If you’re tired of working for someone else and want to start your own business but aren’t sure if you’re up for the challenge, this is everything that you need to know. Chances are that you are cut out to be an entrepreneur and don’t even realise it yet.

Most people will tell you that you need business acumen and marketing skills to become a successful entrepreneur, but even if you don’t, you can learn it on the job. What’s more important is having the right kind of mindset.  

Here are the top characteristics of successful entrepreneurs: 

1. Being proactive 

Entrepreneurs are who they are because they always take initiative rather than waiting for things to happen. They act in anticipation of future needs and problems rather than waiting for them to happen and figuring it out from there.

Businesses don’t grow by themselves and there are no rulebooks for how to be successful, so entrepreneurs need to be imaginative in how they can take their ideas to the next level. To be proactive and stay steps ahead of the market and competition, you need a strong motivation that gets you up every morning ready to try out new things. 

❓Ask yourself if you enjoy a challenge and if your decisions anticipate future challenges 

2. Staying Persistent 

When you’re building your own business, perseverance is key. Even when it feels like the business is not working or they’re having problems with traction, founders always continue on with conviction. That doesn’t mean that they are stubborn and don’t listen to what the market is telling them. Their persistence is in experimenting with different ideas, markets, and solutions and constantly changing or iterating to build something impactful. 

Their persistence extends to their relationships with customers. Entrepreneurs follow up consistently with their customers and partners to form strong connections. 

❓Ask yourself if you are determined to keep going even when challenges arise.

3. Having a healthy relationship with failure

The main pillar of entrepreneurship is “fail fast, learn faster” because the reality is that founders are always going to encounter failure at some point. Even the best idea will face small failures, but those failures are actually the path to eventual success as the best founders are always ready to try again. 

Entrepreneurs know that giving up right away or going too far with the wrong idea gets them nowhere. So, they are comfortable with failure as they know it’s best to fail in the early stages and from that failure before they try again. 

Having a healthy relationship with failure is crucial. Entrepreneurs don’t look for something to blame when things go wrong, instead, they dig into what happened and how they can pivot to get a better result. Instead of viewing failure as an unpleasant thing to avoid, entrepeneurs see it as an opportunity to do better next time. They use their failure as learning opportunities and small steps towards their goals.

❓Ask yourself if you are prepared to fail, learn why, and try again. 

4. Adaptable to change

Now, you’re getting the flow of it. As failure is unavoidable, entrepreneurs get out of planning mode and into testing mode. They still make a rough timeline of their plan and set goals for themselves but always factor in the unpredictable. If things go off track, they are prepared with a Plan B, C, and even D. Building a business means that you are constantly troubleshooting and trying out new angles, so as a founder you’ll need to embrace change.

❓Ask yourself if you are flexible enough to adapt your plans and be open to different directions.

5. Willing to learn 

At the end of the day, the top founders in the world are super invested in their ideas because they care about them. You need to be curious about your problem space and the related skills you need to work on to build and sell your product. Even if you don’t have 

Entrepreneurs are keen to dig into the market and understand their customer base or niche. Talking to people is part of their job description as they need to know how they can make their product a perfect fit for as many people as possible. 

❓Ask yourself if you’re excited by the prospect of learning the job and speaking to people to learn about their problems. 

More from 

Amal

Why now is a good time to start a side hustle
by 
Amal Alshamsi

More from 

Amal

Why now is a good time to start a side hustle
by 
Amal Alshamsi