There are lots of technical details that play into going solo, and there are a lot of things that you need to get straightened out before you start. But in the end, it’s all about your character. How much do you know about operating a business, and how hard will you work to get there? Even if you have a killer business plan and a phenomenal customer base, your venture will ultimately fail if you’re not willing to work. With that in mind, here are the top four signs that you’re ready to become an entrepreneur.
You’re ready to work hard. Entrepreneurs don’t become successful overnight! It takes months, and sometimes years, of work to build up a steady customer flow and make a decent living from your own business. Are you willing to stick it out for the long run?
You know your personal brand and how to sell it. Entrepreneurship is all about selling yourself first and your products second. Why should a potential customer select you? Having an “elevator speech” is the best way to know if you’re ready to take the plunge.
You’re financially responsible in your personal life. If you aren’t responsible for your own resources, it’s foolish to invest in purchasing equipment and products for a start-up business. Business finances are much harder than personal expenses, which is why fiscal responsibility is an essential character trait for entrepreneurs.
[tweetthis]”You need to understand yourself before you leap into entrepreneurship.” REBECCA BEARDSLEY[/tweetthis]
You have a clearly defined end goal. This doesn’t have to be in the form of a business plan or official document; the most important part of being an entrepreneur is keeping up your motivation, no matter how you do it. Whether it’s providing for your kids, paying for your marriage, or eliminating debt, you won’t be ready to start your own business until you have a reason why.
These four character traits are essential before going into business by yourself. If you’re considering starting your own salon, make sure that you have these qualities before you invest your time and money into a business venture! If you lack a few on this list, it’s perfectly OK–all you need is time to develop them. And for that process, working in a pre-existing salon might be just what you need.