6 character values to reflect on before becoming an entrepreneur

Not everyone is cut out to be a world-changing entrepreneur. Some know they are from birth, others stumble upon their gift for innovation much later. A lot of people believe they categorise as the former and experience a rude awakening through bankruptcy.

There’s no real test to see if you’ve got the entrepreneur spirit but there are character traits worth examining to see if you’re made of the right stuff. Here are six of them.

1. Working habits

As US News points out, this is a hard trait to consider since your working habits have always been based on the premise that you’re working for someone else. However, your default style will represent the values you instil in your employees and business. Are you a born leader or do you prefer a more collaborative style of work?

2. Temperament

Running a business will test your patience more than anything you’ve ever encountered. Are you the kind of person to anger quickly? If you are, you better sort that out. Similarly, you also need the ability to get passionate in the face of resistance. Finding a balance between these personalities is your best bet for success.

3. How you feel about money

The scary reality of entrepreneurship is that you are in charge of your salary. You’ll learn to understand the responsibility of money and what you think your employees deserve to be paid. The biggest mistake young business owners make is irresponsibility with revenue.

4. Your relationship with failure

Saying that you’re not afraid of failure isn’t enough. The Adam Grant phrase goes: “Great entrepreneurs are afraid of failing, but they’re even more afraid of failing to try”. Have no regrets and keep pushing as far as your faith in your business will allow.

5. Optimist or pessimist?

Uncertainty goes hand-in-hand with entrepreneurship. Do you feel excited by the prospect of the future or does it make you anxious about all the things that could go wrong? It’s natural to feel a bit of both but it’s how you act on those feelings that matters at the end of the day.

6. Where do you find inspiration?

“I find inspiration all around me” – absolutely not. You’re a business owner, not an indie-rock songwriter. What inspires you to graft for what you believe in? Is it the promise of a brighter future or is cold-hard cash? Either is acceptable as long as you truly believe it.

What now?