If you want to know whether or not you have what it takes to run your own business, read about these five things every entrepreneur needs to have in order to succeed.
March 3, 2022
Does the thought of working for someone else scare you? Would you have more self-worth being self-employed? When someone asks you what you do for a living, do you cringe every time you have to say you work for someone else?
That’s how it is for many people. If you have that voice inside your head that won’t shut up and is persistent in telling you to take control of your life—if you have a dream or idea that keeps you up at night—then read on. Entrepreneurship might be what you’re meant to do.
The problem is that being an entrepreneur is not for everyone. It requires certain traits, behaviors, and resources to be successful, and this article will go over five examples to help you decide if it’s the right thing for you.
If you want to know whether you have what it takes to run your own business, read about these five things every entrepreneur needs to have.
Being an entrepreneur means taking your livelihood and survival into your own hands. You need to be driven and self-motivated to get the work done so that you can support your needs and build the life that you eventually want.
This isn’t to say that you can’t turn to others for help in this regard. If you have the right people on your team, you can count on their support to keep your business going so that it eventually runs itself. Being replaced so that you can retire is the ultimate goal, after all.
Do you have that inner voice saying that you could be doing something bigger and more rewarding? You need to listen to it. That is the congruency within you telling you that you need to do this. Step out of your comfort zone and show the world your business!
You might go through hardship for the first few months or years. Entrepreneurship is not an easy endeavor, but all the challenges will be for your ultimate benefit. It will show you what it takes to run a company, the heavy expectations that follow, and the consequences of failing to meet them.
Once things start to click, business prospects will start to flow and turn into leads and then convert into sales, which is a feeling that is absolutely irreplaceable. In the end, entrepreneurship is a hard path, but it will let you reap much bigger rewards than the typical corporate career.
To be successful at self-employment, you need an idea—a clever one. When this idea comes to fruition, you need to monetize it.
Take risks and make whatever moves are necessary to turn it into a reality. Know what people want and what would make their life easier. Ask yourself, “What service do people want that they don’t want to do themselves?” Think about needs.
If you can offer the public something they need, they will pay for it. This is a great starting point for a good, old-fashioned brainstorm. Once you find the public’s need, you have to ensure there is a demand for it. You must know that you can make money on it and get paid.
Will they buy what you are selling? Most importantly, will enough people buy enough of your product or service to make it profitable?
There is no shame in appointing a certain job to someone more capable. If it is taking up too much time or effort on your part, get rid of it. Why spend days on something someone else can complete in an hour? Not everything will be your strong point. There is no rule stating that it is not your company if you didn’t do the whole thing yourself.
Look online for qualified and vetted people to complete the work you need to be done. This could be editing, website work, or anything else. It can save you plenty of time and lets you focus your energy on tasks that you actually enjoy and are good at. This not only gets everything done faster; it also improves the quality.
One thing that has proven to bring business success time and again is finding the right mentor. This person should not be a friend or family member. Ideally, you should look for someone older and more experienced in life than you are.
This does not have to be the case for everyone, but typically, a mentor has a little more impact if they are older and have been around the block a few times more than you. This will also naturally increase your respect level.
These are just some of the things you’ll need to thrive in business, but they’re excellent starting points to keep in mind as you make the best choices for your future.
Remember, being an entrepreneur is one way to take control of your life and steer it in the direction you want, but it’s a life that requires you to have certain things going for you. The good news is that you can acquire and develop all of them with time, especially if you have the right support on your side.
Partner with us at The Sales Connection so we can help your career move forward. Aside from connecting clients with the best sales professionals, we help businesses scale through custom-tailored strategies backed by decades of experience. Reach out to join our team or learn how we can work together.
Kayvon Kay
Kayvon has over two decades of experience working with high-level closers and perfecting his sales methodologies. He has earned the title of Canada’s #1 pharmaceutical sales representative and continues to share his expertise as a keynote speaker and through his multi-million-dollar coaching program.
Learn how to identify and attract top sales talent in this growing remote environment. Use our recruiting tips to find the very best!
December 2, 2022
How do people make money selling online? This is a question many have asked since the internet took over in the 90s. In this article, we’ll show you the opportunities you can take advantage of so that start earning from anywhere.
April 4, 2022
Our aim with this article is to provide you with a glimpse of the process we follow so you can also build the sales team you need. We'll cover a few questions you may have, as well as the process you need to follow to ensure a good team.
April 4, 2022
Are there ways to improve your sales team's performance even if you’ve already tried everything? Check out this list of sixteen areas of improvement you can look into so that you can optimize your sales initiatives and get the most out of them.
April 4, 2022
Hiring a sales agency is one decision to consider if you want to grow your company for the long term, but what exactly are the benefits of doing so? Learn about the advantages this choice can bring and what it will mean for your business.
April 4, 2022
If you want to know how to properly coach a sales team, you need a few key skills that most resources tend to overlook. Fortunately, this guide goes through the most important considerations to help you ensure success.
April 4, 2022
Hiring a sales team can quickly spiral out of control. There’s a right way to do it, and then there’s the wrong way. Check out this guide for what to keep in mind to get through the process smoothly and ensure a well-rounded group of talented sales professionals.
April 4, 2022
We are The Sales Connection, and we manage and optimize digitally-enabled sales teams and convert your inbound leads into customers, clients, and profits. In this article, get to know more about how our company started and the people behind it.
March 4, 2022
If you want to be among the best in the industry, you need to have the right mindset. Read about the eight fundamental truths that comprise a high-ticket closer mentality to kickstart your success.
February 24, 2022