Are You Designed for Business

Are you the right kind of person to operate your own business?

Putting aside qualifications, consider who you are. Successful entrepreneurs come from many backgrounds, personality types and levels of experience – but they all have one thing in common – passion for what they do.

Use the list below to see what traits you have in common with successful business owners. Some of these characteristics will be more or less important to you, depending on your line of business. If you find you are lacking in certain areas, seek those qualities in others who will work closely with you.

What traits do you have in common with successful business owners

• Passion for your work: You care deeply about whether you succeed as a business owner and that your customers are satisfied.

• A person who takes action: Some people talk, others are quiet – but real entrepreneurs do.

• Strong work ethic: You work until you have completed your checklist of tasks for the day.

• Ability to think strategically: You set objectives and find ways to accomplish them.

• Flexibility: You can handle working in a changing environment.

• Self-awareness: You understand your strengths and weaknesses.

• Humility, Part I: You are willing to ask for help – and accept good advice when it’s offered.

• Humility: Part II: You find employees, advisors, suppliers or even technology to do the things you cannot do yourself.

• Leadership: You have a vision and you can inspire other people to follow you toward your goal.

• Creativity: You are innovative.

• Self-discipline: You can control your ego and your creativity and keep your eye on realistic objectives.

• Financial discipline: You are familiar with basic concepts of business finance and bookkeeping, and understand the need to budget resources.

• Good communication skills: You can sell your ideas to customers, partners, employees and other stakeholders.

Franchising – a way to start a business without creating it

From the scratch

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