Entrepreneurship is not for everyone. Starting up a business is no easy job, and those who decide to go for it need to be well-prepared to face the “side effects” of being an entrepreneur. While owning a business can help you build a fortune, it can also have a serious impact on your personal life. This means that you must be willing to work out of the 9-to-5 work routine and sacrifice much of the time you spend with family to manage projects and work alongside a big team of people.
As such, there are certain qualities they need to exhibit in order to be able to handle the stress of entrepreneurship. Apart from their thirst for success, they should also exhibit the need for power, leadership and achievement, while demonstrating excellent time management skills.
All of these essentials to entrepreneurship only reignite the debate on whether entrepreneurs are born or made. So, does this mean that they are meant to become business owners or do they get to develop their skills along the way? Well, one thing is for sure: there are many factors that contribute to business success. As this infographic from Schools.com shows, the majority of great entrepreneurs have something in common – most of them come from a middle-class background and are well-educated while having obtained a Bachelor’s degree.
This incredibly useful infographic informs you about the factors and the barriers to entrepreneurial success to help you be more prepared when you decide to start your business. It also provides you with the basics on becoming an entrepreneur while building your own support network and setting up your finances as a business owner.
As you can see, there are many things you need to consider before becoming an entrepreneur. Have you ever consider becoming one? Let us know in the comments section below!