Smart Virtual Office Singapore

It takes a special personality to to start a business and make it succeed. Not everyone has it. I am not saying that every entrepreneur is the same but they share similar traits that are identifiable so how do you know if you have what it takes to start a business?

There's really no certainty for sure. But there are common things among people ready to consider an entrepreneurial venture.You don't have to fit into all categories to be a good candidate for entrepreneurship. In general, the more you have in common with these characteristics, the closer you probably are to being ready to try going out on your own.

Trait 1. You have a history of people in your family who are Entrepreneurs
Your grandfather started his bicycle shop, or your father runs a motor company. You come from a long line of people who works for themselves. They were successful at establishing their own business and they passed on the genes to you, awwww.

It's usually much easier for a person to get a job with a company than to start your own. People who strike out on their own often have the direct example of a parent to look to as you may say a chip off the old block!

Trait 2. You cannot hold a job very long
You cannot seet ot keep a job for too long. It is either that people fire you or you fire your bosses. You are terrible employee. It seems taht people who start their own businesses tend to be fired from or quit more than one job. These do not include those that were asked to leave due the "company restructuring" or downsizing, We are talking about the time when everyone got a 5 months pay raise with an equity while the security guard was escorting you out toe BACKDOOR, or you quit before they could fire you. Think of it as the marketplace telling you that the only person who can effectively motivate and manage you is yourself.

Trait 3. You like Job Insecurity
You throw caution into the wind and think job security is a way of retiring. You feel that nothing can stop you. I am one of those people. I got a child coming this August and I decide to open smartvirtualoffice.com.sg instead of getting my act together and buy that silly HDB flat! If you think that real job security is when you are the person firing the old engineer that has been moulding in his chair, you are here like myself, how's that for job security!

Trait 4. You are an adreneline Junkie
You get a kick out of starting something new. It gets you to the pantry to empty every last drop of caffine to work through the night to finish the business plan to see the client tomorrow. Or counting and negotiating with the bank and Venture Capitalist on the percentage you so deserve. You've gone as far as you can go, or you're not going anywhere at all. Sometimes the motivation to start a new venture comes from having reached the top of the pile where you are, looking around, and saying, "What's next?" Early success can be wonderful, but early retirement can sometimes drive energetic and motivated people totally crazy.

Trait 5. Failure is the smell of success to you
You can envision the success even before it happens. You've done the market research already. Don't even talk to me about your great business idea if you haven't put the time into figuring out if there's a market for your product or service. As the people behind any number of failed Internet ventures will tell you, "cool" doesn't necessarily translate into "profitable." Don't bother building it if you haven't figured out whether there's a good chance the customers will come.

Traits 6. Family man
Your whole family asks you to drop everything and pursue your dreams. Even when they have got not a clue what is in your bank account or if you are going bankcrupt tomorrow but you've got the support of your family. They are understanding and tolerate you shouting at them as they know starting a business is stressful under the best of circumstances. Trying to do it without the support of your spouse or other significant family members or friends would probably be unbearable.

Trait 7. Hyper active Creative Glands
You got creative oozing out of your nostrils. You know you cannot do it alone. You might excel at promoting a business. Maybe you love running the financial end of the enterprise. You could be someone who starts a business because you have unique creative or technical know-how to create a product.

Any of the above is possible, but it's unlikely that you are going to excel at all of these tasks — or at all of the tasks involved in running any business. Forget all that doing it alone stuff. You are going to need some help sometime.

The willingness to get that help — having employees, partners or consultants for those areas in which you are not an expert — is one indicator of likely future success. "No successful entrepreneur has ever succeeded alone," development consultant Ernesto Sirolli writes in "Ripples From the Zambezi." "The person who is most capable of enlisting the support of others is the most likely to succeed."