Are You Cut Out To Be An Entrepreneur?

Overview

Defining the Dream

Clearly Focused

Preparing for Adventure

Lyfestyle Considerations

Successful Entrepreneur

Summary

Worksheet - Self Assessment

Worksheet - Values Checklist

Worksheet - Skills and Knowledge Inventory

 

 


Clearly focused

In the beginning entrepreneurs dreams are often foggy and somewhat unclear. However, with continued focus, research and planning the dream will become clear and specific.

These answers to these questions could indicate a possible business idea. However, just because we may believe in the need for a better product or service, it does not necessarily mean there will be others who believe it. In order for any product or service to be a viable business venture there must be a market for it. But don't stop now! Testing your idea is the next section in this manual.

Developing a focused "vision" takes mental energy and research. It means you must learn everything you can about the potential product or service. It means developing unique qualities for that product and service. Qualities that cause others to want to purchase your product. Your vision is your picture of what the business will look like in the future. It includes a sense of the level of quality of your business, for example, "The best in the region", or "the most economical choice". Your vision will also include profitability. Profits help you gain financial independence as well as help the business grow.

An important part of focusing on the dream includes your view of yourself as successful. Visualization is a strategy often used by champions in the sports arena. It means concentration on a very clear picture of "doing it right". The tennis champion will visualize in their mind the perfect serve or backhand shot. Visualization isn't just a one-time view in your mind, but it is a constant mental rehearsal. Golf pros will testify that they have dramatically improved their golf game by practicing their swing in their mind.

Clear mental visions, repeated over and over and again, begin to cause you to take the right actions which result in success. This same concept works in business as well. If our vision of ourselves is self-defeating, our actions will eventually become self-defeating. Therefore, you need to program your mind with positive beliefs about yourself and your abilities.

Visualization will help to position you for a successful adventure into business ownership. Of course you need to be prepared for the journey. To be an effective entrepreneur you have to constantly be open to learning.

 

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Production funding For Let's Talk Business was provided by a grant from USDA Rural Development and the members of Prairie Public Television