Be an Entrepreneur

Document Sample
Be an Entrepreneur Powered By Docstoc
					by: Michelle L. Casto

The Department of Labor predicts that the #1 employer in 2010 will be self. A recent Internet
poll of 25-44 year olds revealed that 90% of them hoped to own their own business. A survey
conducted by Ernst & Young found that 75% of influential Americans believe that
entrepreneurship will be the defining trend of the 21st century. Some of the factors that have
attributed to the rise of the modern day entrepreneurial spirit are access to technology, a global
economy, and corporate stagnation.

Many workers have experienced feelings of discontent, which are likely due to the upsizing,
downsizing, and right-sizing of corporations. But whatever the reason, modern workers want to
have more control over the work they do. And they want work that is meaningful and important
to them. Now is a great time to become your own boss. In fact, the number of Americans who
are running their own businesses will continue to grow as we move further into the millenium.
As workers values are changing and people want more time to do the things they love with those
they love, having employment that allows for a greater balance in their lives is critical to todays
worker.

In fact, it is downright un-American not to believe in the principles of entrepreneurship. We
started out working on the family farm or in the family-owned grocery store (or other small
business), but as our country became more industrialized, families were pulled apart. We had to
go where the work was. We left our homes and hometowns and ventured into the big cities. Big
companies, industries, and corporations popped up all over the country, and we became reliant
on them to take care of us. Today, with the advent of the computer, we dont even have to leave
home to conduct business. It frees us up to concentrate on the business of life again.

The new world of work encourages the entrepreneurial mindset, in that we need to learn to use
our imagination to dream up new ideas, challenge assumptions and belief systems to find a better
way, and break through worn-out thinking to create new and innovative products and services.
This way of thinking is helpful whether you are working for yourself or someone else. An
entrepreneur can be defined as anyone who undertakes a commercial risk for profit, and/or
tackles new challenges. They are the change agents of society because they see a problem and
want to find a way to solve it. They believe in being self-reliant and taking action to better their
communities. Robert Schwartzs definition: An entrepreneur is essentially a visualizer and
actualizer. He can visualize something and when he visualizes it, he sees exactly how to make it
happen.

Successful entrepreneurs realize that if it is to become a reality, they are the ones to make it
happen. An entrepreneur is someone who is able to continually reinvent himself, and to rethink
an entire project (and possibly start all over) if he finds that something is not right. Thus,
someone who has vision, flexibility, and a risk-taking nature fares very well in self-employment
ventures.

Of course, like anything else, there are pros and cons to becoming an entrepreneur. One pro is
that you are the boss. The con is that you still have other co-workers, customers, and vendors to
rely on to get the job done. People who are self-employed often only have illusions of control.
For instance, you may think you have everything under control and then something happens that
puts everything out of your control. The difference is that being the boss means that it all comes
down to you. You are fully responsible for your success. For many people this level of personal
responsibility is part of the challenge and enjoyment. The truth is that any successful
entrepreneur rolls with the punches and moves with the winds of change. Take this test to find
out if you have what it takes to be an entrepeneur.

Are You the Entrepreneurial Type?

Check if applicable to you.

       _____Responsible
       _____Hard Worker
       _____Risk Taker
       _____Creative
       _____Flexible
       _____Follows through with ideas
       _____Personable
       _____Optimistic
       _____Perceptive
       _____Self-confident
       _____Determined
       _____High degree of energy
       _____Innovative
       _____Independent
       _____Ability to anticipate needs
       _____Effective communicator
       _____Responsive to criticism
       _____Able to take the lead
       _____Learn from mistakes
       _____Self-directed

Would you say that you are always, sometimes, or never like these statements:

   1. I am goal and action-oriented.
   2. I am a self-starter.
   3. I am self-confident.
   4. I am a persistent person.
   5. I like taking risks.
   6. I am flexible and adaptable when necessary.
   7. I am a problem-solver.
   8. I am an innovative thinker.
   9. I can sell myself and/or my product to others.
   10. I accept responsibility for my actions.
   11. I enjoy networking.
   12. I can function in an environment of uncertainty.
   13. I like being in charge.
   14. I am willing to devote whatever time and energy it takes to be successful.
   15. I am able to see what needs to be done and then do it.

Get Smart!

If you checked off and answered always to ten or more questions, you are probably the
entrepreneurial type. If you answered sometimes or never to ten or more, you may be better off
working for an organization.

This article was posted on October 21, 2003