Are You Ready To Be An Entrepreneur?


This article is posted under Business, Mindsetting.

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What’s the first thing you need to have before starting a business?

Is it the money to invest? Or is it a profitable business idea? A great product perhaps?

The short answer is NO.

If it is not the capital nor a sound business plan nor a useful invention, then what is it that you need to have first if you want to start your own business? The answer is an entrepreneurial spirit.

Preparing yourself mentally for this new chapter in your life is one of the most crucial tasks that you need to accomplish. Many business starters fail at their endeavors not because they failed to properly seize opportunities, but simply because they failed to shift their philosophies and beliefs and still carried the mindset of an employee.

spirit Are You Ready To Be An Entrepreneur?

If you think you’re ready to become an entrepreneur, then check yourself against the following questions and see if you are truly ready to be rich:

  • Am I ready to take calculated risks, experiment, make mistakes and learn new things?
  • Do I accept full accountability for everything that has happened and will happen in my life?
  • Am I ready to work hard and finish everything that I set out to do?
  • Do I keep my promises and value my word?
  • Am I systematic and try to keep things in proper order?
  • Do I believe that great wealth takes time to build and does not come instantly?
  • Am I optimistic about life and always seek out the best in people?
  • Do I have the skills to find a problem and turn it into opportunities?
  • Am I willing to stop complaining about the problems of the world and start to become an active part of the solution?
  • Do I know the true value of financial freedom in my life?

Entrepreneurs are made, never born. They are creative, innovative, systematic and efficient problem solvers. Money naturally follow them because they do not actively seek it; they would rather focus their time in finding solutions and opportunities to share with others. They value discipline, perseverance and hard work while keeping a healthy perspective on life. Lastly, they understand that wealth creation is a steadfast progression of learning and giving service to the world.

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Photo courtesy of PixelFixer

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20 Responses to “Are You Ready To Be An Entrepreneur?”

  1. Internet Business Guide on February 20th, 2008 at 4:35 am

    Great article, Fitz.

    “Entrepreneurs are made, never born.” Couldn’t agree with you more. It’s a skill anyone can learn.

    Even the proper attitude is something many entrepreneurs developed over the years.

    ~Marcus

  2. Thanks Marcus!

  3. Nice article Fitz! I think the best thing about being an entrepreneur is the freedom you have and to be your own boss. Thast worth more than any money imo.

  4. Thanks Unibet and I agree, more important than the money is the FREE TIME to do the things I love.

  5. and..

    income is better than wages.

  6. i mean profits..

    profits are better than wages.

    eek.pareho lang ba ang profit at income??

  7. Hi dawn. I think in general, income and profits are the same. It all depends on how you’ll personally define it. :D Thanks for taking the time to comment and hope to hear more from you.

  8. meloi maluntag on April 22nd, 2009 at 4:59 pm

    hi fitz,

    i’m having a radio program on livelihood at DZME 1530 KhZ every saturday 3-4 pm. i would like to invite you to be our guest. we could discuss your topics on how to start a business,… are you ready to become an entrepreneur and so on so fort about livelihood.

    number deleted to protect privacy of person – admin

  9. Hi fitz, nice post. Fellow web entrepreneur here. This has been a very helpful post for me when I was starting out with some ventures. Thanks a lot!

    I also have a post on my site for entrepreneurs who want to start web businesses specifically. For those interested please check out:

    http://limatik.com/2009/10/thinking-about-starting-an-online-business/

    More power to pinoy enterpreneurial spirit!

  10. I Will not continue working for a boss on my next birthday.

  11. I Think this where I will log onto everytime I need to check if Im still inline with my new bussines idea. I will not work for a boss on my next birthday.

  12. Hi Fitz!
    Being an OFW is a painful option to live. Being away from our family and stuff like that but believe me, I really want to go back home and start my own business and become an intrepreneur, but i dont want to jump into conclusion as what the others perceive that after being an ofw, a business venture will follow even they lack of experience. Such perception is very risky!
    I agree that we to prepare ourselves mentally and should gain more knowledge about the business.

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