SIGNS YOU SHOULDN'T BE AN ENTREPRENEUR (1)

This week, we're beginning a new series on the basic credentials for joining the league of entrepreneurs. The series is solely based on the teachings and ideas of Ilias Tsagklis. You can read more about him here http://bit.ly/2ltMzfo

Okay. If you're ready, let's jump in...

These days it seems like everyone in the world wants to be an entrepreneur. Entrepreneurship has been in vogue lately and people all over the globe are contemplating starting their own business.

Unfortunately, only a small number of these people will actually move forward and get their feet wet with entrepreneurship.

Often, we see cases where people without knowledge and credentials start a business only to fail miserably a couple of years later. In the process, they destroy part of their net worth, or worse, they eliminate their whole life savings.

It is OK not to become an entrepreneur, not everyone should be one. Some people thrive under the directions of others and would be in a better position as employees than in the helm of a company. Nothing wrong with that.

But in case you're curious whether the sport of entrepreneurship suits you, assess the following statements. If you find yourself matching with any of the following traits, you might want to reevaluate. If, however, you read them and feel that they don't describe you, then maybe it's time to go for it, always with caution and a strategic plan in place .

1) YOU LACK SELF-DISCIPLINE

Self-discipline refers to the power to discipline our own feelings and desires, with the intention of improving ourselves and moving forward with our goals in life. This is probably the most important trait of an entrepreneur. Self-discipline is necessary to accomplish our goals, whether in terms of health, relationships or money. It is even more crucial in the area of entrepreneurship.

Building a business is a long term venture with a lot of difficulties. It takes massive effort, which has to be delivered consistently every single day. If you lack self-discipline, it is certain that you are not going to make it. You will never put in the work needed and consequently you will never get to enjoy the results of that work.

Self disciplined people do not allow their choices to be dictated by their feelings. Instead, they are strategic about them. They make informed, rational decisions on a daily basis based on their long term goals and aspirations.

A person's self-discipline is very dependent on his nature (the genes he was born with), but at the same time, it is a learned behaviour. Even if you score low in self-discipline right now, you can train it and increase your levels of it. It will be a terrific investment of your time.

We'll take the discussion further, next Monday.