Do You Have What It Takes to Be a Micropreneur?

by Ed Martin on September 16, 2009

Are you worried you don’t have what it takes to be a micropreneur? Any of these doubts causing panic:

  • Wonder if you have the skills or knowledge to start a biz, sell your produce or service, deal with customers?
  • Have you got the time to put in long hours?
  • Can you be flexible to meet the time and effort needs required to succeed?
  • Do you have the money it will take to get started and to live on in the meantime?
  • Are you ready to risk everything you put up to start your biz?
  • Do you know anything about running a business? Can you learn?
  • Are you a self-starter? Self-motivator? Can you pull the trigger when faced with decisions?
  • Are you a good planner and organizer?
  • Do you have your family’s backing and support?
  • Will anybody actually buy what you’re selling?

Self-Assessment

There’s nothing wrong with some apprehension and self-doubt. Everybody, at least everybody in their right mind has some. It might even be a bit healthy. The fact is that lots of people start businesses and succeed. If you have enough desire and persistence (some luck doesn’t hurt either)you can be a successful entrepreneur.

One way to answer these questions is to look at who you are, what you’ve done and what you’d like to do. Be honest in your answers.

  • Make a list of the things you love to do. It doesn’t matter what they are–just put them in the list.
  • Make a list of your skills and capabilities, things you can do, things you know how to do well.
  • Make a list of the things you have done.
  • Make a list of your personality traits. Take a test if you need help. They are easy to find online if you need one.

When you think about the business you want to start go over your lists and see how they fit.

Think about your personality. Consider these questions.

  • Are you a people person?
  • Do you look forward to interacting with customers?
  • Do you need to be around people to get your creative juices going?
    Do you like working alone?
  • Can you handle distractions if you work at home or do you need your own space?
  • Do you have a 9-5 work mentality and like to leave things at the office?
  • Do you have confidence in yourself and what you are doing to stand up to competition and get through hard times?
  • Are you flexible enough to change your plan if things go wrong or new opportunities arise

The answers to these questions have a big affect on what business you decide and how you approach doing it. It can be a lot harder to overcome problems here than it is to fix a whole in your accounting skills, so plan your business with this in mind. Take a look at my myblog Ready to Take the Plunge? for some more questions to ask yourself.

This is the first in a multi-part series on the First Steps to Becoming a Micropreneur.
Part 2

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{ 3 trackbacks }

Know Your Motivation for Starting a Microbusiness
September 16, 2009 at 8:45 pm
Learn from Others: The Good, Bad and Ugly of Starting a Business
September 16, 2009 at 9:50 pm
Eight Things to Consider When Choosing a Business
September 18, 2009 at 2:50 pm

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