Do you have what it takes to start your own business?
A new idea, a lot of work, a little luck, and the right time. All of this can add up to a successful business. But who is a business owner? What keeps them going? What is the best way to describe them?
If you want to be an entrepreneur, which is definitely a difficult path, you should look at yourself and learn more about who you are so that you can use your strengths and work on your weaknesses.
Researchers have been interested in entrepreneurs and have looked at their personality traits using the Big 5 personality approach, which is thought to be the most scientific and up-to-date. Researchers have also found that some differences in who becomes an entrepreneur are due to their genes. People with different versions of certain genes have different chances of getting certain personality traits. These personality traits are affected by genes, which in turn affects how likely a person is to start their own business.
First, you need to have a very open mind if you want to start a new business. Openness shows how creative, imaginative, intellectually curious, and interested in new things a person is. Ask author and motivational speaker Simon Sinek. He believes that business owners are, at their core, people who solve problems. If you tend to be too cautious and like routine and stability, you probably don’t like taking risks enough to handle the very chaotic environment of a start-up.
While it’s great to have unique ideas, entrepreneurship requires action, not just dreaming. For long-term success, you need to be very careful about what you do. Founders who are successful must have a “can-do” attitude and take action. If you don’t trust yourself or know how to handle your to-do list, you might give up on projects when the excitement wears off or things get out of hand. No matter what you want to call it—perseverance or willpower—successful businesspeople keep going even when things get hard or they fail.
There are a lot of different kinds of entrepreneurs, so personality research about them has given a range of answers about how agreeable they are. Most research shows that entrepreneurs aren’t very agreeable, but some research shows that agreeableness is a good predictor of being an entrepreneur. To be an innovator, you have to do something that no one else is doing. Since this is the case, many people would tell you not to do what you want to do. Even though it’s important to stick to your own ideas and beliefs, it’s also important to bring people along on a journey together.
You have to be convincing and a passionate salesman at heart to be able to persuade and sell people on your big idea on a regular basis, without any outside help. If you are a very outgoing person, it will be much easier for you to market your ideas to a large audience and build relationships with your clients, partners, and other important people.
It goes without saying that there is a lot of uncertainty, which can make people who are more worried feel stressed. Low neuroticism or emotional stability will help you get through stressful situations and the bad times that come with running a business.
You need the optimism gene to be an entrepreneur. A mix of being outgoing and not being too worried about things. Are you a hopeful, confident person who believes that bad times will pass and good things will come? Do you look at every problem as a chance?
And finally, your passion is the most important thing to think about before you start a business. How will you sell your idea or vision to investors or clients if you don’t care about them? And passion isn’t just a trait; it’s what drives traits like creativity, flexibility, and salesmanship.