Inside the Entrepreneur's Mind: Do You Qualify?

Many of us have reached a point of being sick and tired of being sick and tired. The economy has gone bad, our investment plans have failed us, hundreds of thousands of people have lost their jobs and homes, and the rest of us fear that our companies could potentially start laying employees off at any time.

So you ask "What is the solution? How do I protect myself?" The answer is in starting your own business. Having your own business will help to create multiple streams of income. In addition, starting your own business will help to minimize the effects of the economy--not to mention the financial perks.

There are however, a couple of very important things to consider before taking that leap of faith into your own business. First of all, if you currently have a job, don't quit to start your own business. It would not be wise to cut off your only means of supporting yourself to start a new venture--especially not in this economy (or any economy). Secondly, if you have been laid off, are actively seeking employment, a student or even on disability; seize the moment. Take advantage of having extra time on your hands and commit that time to building your empire.

With minimal self-employment experience, many people have no idea where they should start. I say the place to start is within The Entrepreneur's Mind. Entrepreneurs think and do things differently from the average person. They take risks during what appears to be the worst economic times. They invest their personal resources--often in times of need. They rise early and go to bed late, working sometimes 6 days a week (in the beginning). And they make a LOT of MONEY.

The benefits of being an entrepreneur, by far out weigh the complacency of being an employee. Now, with that being said, let's see if you "Qualify" to be an entrepreneur.

Some of the greatest benefits of how an entrepreneur thinks are also some of the key components to their success. Success components include perseverance, decision making ability (good or bad), resourcefulness, self motivation, sense of self worth, degrees of risk tolerance, ability to be flexible, discipline, time management, they are teachable and they desire to make PROFIT. WOW that's a lot! Yes it is; but someone once told me that "leaders are not born, they are taught to be leaders".

So let's talk about why these qualifications are essential to the entrepreneur's success.
As an entrepreneur, you no longer have to punch a time clock. Which means that if you do not put the business wheels in motion, than there is no productivity.

What I have learned over the many years of being an entrepreneur, is that "people" do not like to rise early. And for that simple reason, many blessings and opportunities are missed even as the day goes forward. To give an example, California is on Pacific Standard Time (PST) and New York is on Eastern Standard Time (EST). If I chose to start my day at 9:00 a.m. or 10:00 a.m. PST, that is lunch time for people on EST. Half of their day has already passed by, their priorities have previously been set, they get the sleepies after they have eaten and your emergencies do not make it their problem!

Not to minimize other success components, but some of the qualifications that I deem to be most important as an entrepreneur are perseverance, decision making, resourcefulness and self motivation. Without these, there is an extremely high probability of failure. Inevitably, there will be "nay sayers" or a monkey wrench thrown into your plans that could cause your productivity to cease. When that happens, do you give up? I think not!

In the words of the infamous Donald Trump, "Never Give Up!"

To say the least, push yourself when times are hard. When things don't turn out the way you expect them to, just make a different decision. Good or bad, if you make a decision, you will always have the ability to make a different decision later. But if you make no decision, than nothing happens.

Also, my motto is "whatever you lack in funds, you make up in creativity." If you don't have the money for marketing, than create your own marketing campaign. Be resourceful! There are so many free tools on the internet, that you have no excuse. Use tutorials, templates and free advertising avenues. These things might require more of your time, but your creative juices will begin to flow and you could become better than some of the most successful people you know of.

In closing, the entrepreneur's mind asks, "Why am I in business?" The answer is to make profit. You must believe that you have self worth. A worth that people are willing to pay for. A worth that you don't always give away for free. Simply put, the benefit of profit opens up the doors for you to help other people through education, knowledge and experience. Not to mention that profit creates resources so that you can afford to be charitable. It will all come back to you in the end, if you take care of the people.

Now ask yourself, Do you qualify? The answer should be yes, because leaders are not born, they are taught. Practice the success components and make your self a stronger entrepreneur and leader.

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