Have you imagined what it would be like to set your hours, fire your boss and be free of the office politics? Bask in the glory you can imagine from being a smashing success and rolling in the dough!

Wait just one moment, don't sign the contract for the summer home in the Hamptons just yet. There is something you need to consider first: Is it in you to be a true entrepreneur? Do you have the stamina and the guts to earn lots of money and be rich?

To get to the bottom of this question you should compare yourself to the following characteristics, Can you / do you:

-Press on when there is no gratification, results are slow to come? In the beginning the sheer rush of owning your own business will color the way you see and feel about everything. Adrenaline will pound through your veins for days or even a month.

You have pressed on and on and now you are at a wall. Your working hours look a whole lot like your last job and you are just trying to keep the business afloat. The rose colored glasses are gone and to add insult to injury you cant even see where you are making a difference. These are time when motivation is slim and you are just hoping to make it another day.

Answer this question, do you have the will power to see something through even if pay off is delayed? These are the questions that determine an entrepreneur from all the rest.

-Let go of a bad concept? Trust me nothing is worse than having to walk away from your baby, if you will. This is a part of you something you have spent a lot of time on.

No one is perfect and before you know it you can be neck deep in a bad concept that threatens the very life of your business. Is it in you to let go and move on to the next idea in spite of your emotional attachment to the plan? Do this part well and you are on your way to being a good entrepreneur.

-How is your self assurance? Your friends and even your family are going to have enough doubt to share. Laughing at you and calling your plans ridicules may be common place and if you buy into any of this you will never make it.

Are you self aware and sure of your talents and ideas? This is key to the entrepreneurial spirit.

-Have knowledge of the value of your products and service? A beginners biggest problem is knowing how to price their product or service. You will find them working hundreds of hours for peanuts. This occurs most frequently because of the value they put on the product or service they offer. If you tell yourself you would never pay x amount of dollars for something you are bound to price it too low to stay in business.

You are the provider of service or product, not the consumer of it. Your job is to offer something of value to people and then be fairly compensated for the effort. If you go wild and over price the product or service your customer base will be quick to let you know.

If this is not happening you are on the right path and valueing your product or service rightly. At this point you are close to being a good entrepreneur.

-Fix a Dilemma? This is the most important characteristic of all, are you the one to solve a problem?

Entreprenuers must be problem solvers, there is simply no one else to solve them. This is your business, your baby if you will and the buck stops with you. All the corporate big dogs are gone and you are the boss!

The main reason you have to be a problem solver is to stay in business and make a killing! Trust me if you can spot a problem in the lives of people and then solve it they will pay dearly for the answer. When you have successfully accomplished this you are a good entrepreneur.

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