6 signs that you are destined to become an entrepreneur

JJust like aspiring artists, musicians and actors, there is no shortage of hopefuls who imagine themselves born entrepreneurs. The problem is that both tend to imagine the crowd of adoring fans (or patrons) throwing money at their feet before considering the hard work, courage and determination required for success.

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In both cases, a set of key attributes tends to separate the doers from the pretenders.

GOBankingRates spoke to a variety of entrepreneurs who have built businesses from all walks of life – and a few central themes continued to emerge. Wondering if you have the traits that are universal to almost all successful founders?

Keep reading to learn more about the telltale signs that you have an entrepreneur in you just waiting to burst.

You have a relentless work ethic and a commitment to learning

Jeff Neal, the founder of the Critter Deposit, started selling chicks as a side business until he turned his hatchery into a full-time job. In his mind, the two defining characteristics of a born entrepreneur are the desire to work hard and always learn. He also believes that one begets the other.

“If a person has a relentless work ethic, they’re likely to do well as an entrepreneur,” Neal said. “However, a person must also have a desire to keep learning because running a business is always a practice. This means there will always be new things to learn that you can execute for your team and your operations run more efficiently, which is why it’s important to have that relentless work ethic to be an entrepreneur.”

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You have a competitive spirit

It’s easy to assume that founders start businesses to make money, and to some extent that’s true – but dollar signs are usually a secondary consideration. If material gain is your only motivation, it won’t be enough to get you out of bed on the hard days that are always just around the corner.

More than anything – including money – the born entrepreneur likes to compete and hates to lose.

“The success of an entrepreneur’s business is highly dependent on their ability to achieve their goals,” said Kirill Sajaev, founder of AUQ.io. “Entrepreneurs, by their very nature as highly functional humans, can’t help but enjoy a healthy degree of healthy competition.”

Shot of young man reviewing his finances at home.

You are a frugal and diligent fund manager

If your finances are a wreck in your personal life, you shouldn’t expect to gain much ground in business. Entrepreneurs must be meticulous money managers to be successful.

“When it comes to running a business, budgeting is no joke,” said Lulu Albanna, co-founder of WRC Media. “Companies that aren’t profitable waste money on things like lavish marketing displays or unnecessary conference trips, which is a waste of their limited resources. You’re already ahead of the game if you’re skilled manage your money. In order to be successful as an entrepreneur, you must be able to budget, spend, and use money successfully as a tool for growth.”

Food blogger showing cake making process online.

You take initiative and thrive with limited supervision

Most successful business owners had a job before they started their own business, and when they were working for someone else, chances are they didn’t spend a lot of time wait for someone else to give them direction.

“You have a ‘get-it-done’ personality and you know how to achieve the goals of your role with minimal instruction,” said Smita D. Jain, Founder and CEO of Empower yourself. “If you’re always ready to take on new responsibilities and your hand is the first to go up when your manager is looking for solutions, then you’re cut out to be an entrepreneur.”

woman working from home preparing

Hard work and heavy responsibilities suit you

The popular image of the boss relaxing with his feet on the desk and barking orders at obedient underlings is not a scenario the average entrepreneur would recognize. In reality, the boss is usually the hardest worker in any business.

“Being an entrepreneur means taking on many responsibilities, busy work schedule, long working hours and a new challenge every day,” said Dr. SS Nandal, CEO and Director of MG Creations. “When you start enjoying your busy working life – no matter how long you’ve worked daily, how many complicated problems you’ve encountered and how many setbacks you’ve survived, you always like to work even harder – at that time- there you realize that you are meant only to be an entrepreneur.”

Asian male florist, small flower shop owner, using digital tablet while working on laptop against flowers and plants.

You are an Optimist who inspires, motivates and leads

When the coronavirus hit, many businesses closed. Many others saw it as an opportunity and thrived. Those in the latter group were led by entrepreneurs who always look for the bright side, see the glass half full, and have the personality to convince their teams to do the same.

“Whoever was meant to be an entrepreneur is a born leader,” said Yollanda Lee of the fashion brand Shadowprom. “They can envision a bright future even in seemingly insignificant detail. They appreciate every opportunity and every moment. They have a creative mind and are enthusiastic about everything they do. Entrepreneurs are always smart workers who seek to improve their effectiveness and efficiency. Failure is not a threat to them. Instead, it serves as motivation. They like to converse and explore the minds of others. Entrepreneurs embrace change and turn it into something big thing.

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6 signs that you are destined to become an entrepreneur

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