Could You Start Your Own Business?

Have you ever considered going into business for yourself?  While many people don’t think about it, self-employment may be a viable option for you.  Take a few minutes to determine whether or not you have what it takes to be an entrepreneur.

Are you willing to take risks?  Entrepreneurs live in an uncertain world.  They only make money when their business does well and if they want their business to grow, they have to take chances.  If that type of uncertainty would keep you up at night, then self-employment may not be for you.

Are you a hard worker?  When you start your own business, you get to decide when and how much you work, right?  While that is true, the reality is that most entrepreneurs work well beyond regular full-time hours.  Particularly in the first few years, most business owners put their heart, soul, and almost all of their time into their business.

Are you persistent?  As a business owner, you will encounter obstacles and you will face failure.  Will you lie down and give up, or will you pick yourself up and find another way?  Entrepreneurship is not for the faint of heart.  You need to be willing and able to make mistakes, learn from them, and move on.  Sometimes it will be embarrassing, sometimes it will be a huge disappointment, and sometimes it will cost you a lot of money, but you still need to keep going.

Can you see the big picture?  As an entrepreneur, you are the captain of your business.  You determine which direction your business will take.  Are you able to look at the environment to identify potential threats and opportunities?  Can you set goals for your business and take the necessary steps to achieve them?  A true leader can see past the priorities of the day to ensure that the business stays on the right path.

Self employment is not easy, but it can be an excellent career option.  If you think that you may have what it takes to be an entrepreneur, then the best way to start is by doing some research.  Service Canada provides excellent resources for Canadians that are interested in starting a business.  Get out there and make your future happen!

(Written by: Karen Bivand)

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