Josh Melick is a career entrepreneur and startup founder with experience ranging from engineering, project management, sales, and more. He was the CEO of Broadly.com before recently selling it to Intuit and now consults with startups and new businesses.
Josh has had plenty of experience with entrepreneurship and knows what it takes to succeed as an entrepreneur. In this article, he gives ten signs that you have what it takes to be an entrepreneur.
1. You’re inventive
Being able to think of new ideas without much effort is one sign that you can be successful as an entrepreneur. If you encounter a problem or see something lacking in the marketplace, you should always try to find ways to solve it yourself before asking for help.
2. Passion is important (but not necessary)
Having a passion for your work and what you’re doing can make a huge difference in how effective you are as an entrepreneur. However, if you don’t have it now, that’s okay because just having the tenacity to follow through with something is also a sign of success as an entrepreneur.
3. You aren’t afraid to take risks
Taking a risk also means not being afraid to fail. Someone who is only willing to commit to something when they know they will be successful probably won’t do well as an entrepreneur because you certainly won’t succeed on your first try.
4. You’re comfortable with uncertainty
The future is never certain, and that is a fact. So if you’re the kind of person who likes to feel secure, then being an entrepreneur isn’t for you because there’s nothing about it that is certain.
5. You don’t need outside validation
Contrary to popular belief, just because you think something is cool or fun doesn’t mean there’s a market for that. If you’re the kind of person who wants other people to say something is cool before you try it, then entrepreneurship isn’t for you because what other people think about your idea doesn’t matter.
6. You know when to take action and when to keep quiet
Just because someone comes up with an idea doesn’t mean they need to act on it right away. Sometimes putting an idea aside and working on something else is the best thing you can do for your business because of the changes that may come up in the meantime.
7. You acknowledge risk but aren’t afraid of it
As mentioned before, failing is a part of being an entrepreneur so if you’re afraid of it, then being an entrepreneur isn’t the thing for you. However, acknowledging that risk is a part of what you will have to do as an entrepreneur and having a strategy to mitigate those risks is essential.
8. You know how to deal with failure
Failure won’t break you if you know how to pick yourself back up and move on. You may even be able to turn a failure into a success if you’re willing to learn from the experience and use it as fuel for your next idea.
9. You can create value for others
If you’re an entrepreneur, then the chances are that you will be creating something that other people find valuable or useful at some point. If you can’t figure out what other people want or need, then there’s no way you’ll be able to effectively create something that they’ll want to buy.
10. You’re happy working in a team
The truth is, an entrepreneur doesn’t work solo; eventually, you will have employees and assistants who help you with your work. However, if you can’t get along with other people or work in a team, then entrepreneurship probably isn’t the path for you because it is challenging to be successful by yourself.