FACING SETBACKS WITH POSITIVITY
What skills do you have that help you as an entrepreneur?
Webster's New Collegiate Dictionary defines an entrepreneur as "one who organizes, manages, and assumes the risks of a business or enterprise." But being an entrepreneur is much more than that. Each individual brings a specific set of skills and knowledge to the table. Do you know what yours are?
You need to evaluate your strengths to find out what you have and what you need to improve, much like a business SWOT analysis (p.s., check out our article on identifying your business's strengths and weaknesses here).
Personal qualities
First, start by making a list of the personal qualities you think are necessary to be successfully self-employed. Here is a list of personal qualities that many advisors would agree are important.
Business skills
Then, list all of your relevant business skills. Here are a few to get you started.
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Other considerations
Next, consider your special areas of knowledge, achievement, and interest. These might include things that you feel most comfortable doing and talking about.
From your lists, you may conclude that you lack some of the skills and knowledge to start your business. What are they?
Note: you don't personally need to "do it all", but you are responsible for everything.
For example, Barbara owns and operates a beauty salon. Math is not her strong suit, so she hires a bookkeeper to set up a recording system that was easy to follow. The system makes it easy for her to monitor the cash flow and every six months her bookkeeper prepares a profit/loss statement. Barbara recognized her limitations and took steps to rectify the situation.
Acknowledge your skills
Much like a business pitch, it is important to be able to talk about your own personal skills. Don't short-change yourself. If you have experience with something, say so; if you have a specific skill that would be valuable to your company or your employer, say so.
Build on your skills
Think about how you can continue to build your skillset: read something insightful, take a course, or meet someone new - every interaction you have with the world around you is an opportunity to grow.
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