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Setting up a business online or even just setting up and maintaining a website
requires similar entrepreneurial qualities as setting up and running a bricks
and mortars company.
Here are the 10 essential qualities commonly required if you are to make it
a success.
1. Vision and Leadership
It means having clearly defined goals and an uncanny ability to use innovation
as a tool to get there. An entrepreneur must, of course, be a competent manager,
but, more importantly, must lead the way to success. It takes a leader to successfully
start, run, and grow a business. Even if you are a leader of one at the start!
2. An Open Mind
People who are uncomfortable in accepting uncertainties cannot be good decision-makers.
You must never cease to learn and grow. You will need an open mind to review
and weigh up the different decisions that you will be required to make daily.
You will also need an open mind to listen to the points of view of others.
3. Quick Thinker
The ability to take quick decisions is the key to success in this day and age
of web cams, email, telephone and fax. You must be able to work under pressure
and make sound decisions under such circumstances.
4. Energy
Starting and running a business requires considerable energy and the ability
to focus on your objectives. 70 or 80 hours a week will be required which, if
you are already in full time employed, quickly takes its toll. Energy levels
must be high. It is vital you are in good health or you will not see your business
through its' first year let alone its' first 5 or 10 years!
5. Sacrifice
If you wish to be successful you must initially give up a lot. Time, weekends,
holidays and even money. In the first stages of a business you will have to
forgo any earnings you may have received if you had stayed in full time employment.
If you hold on to full time employment and start your own business you will
soon find yourself working very long hours. For most people, there will be an
overlap between employment and starting their own business. Are you able and
willing to do this?
6. Organisation
You will never have enough time in the day to achieve all you wish to achieve
unless you are excellently organised. If you are a well-organised person you
will breed confidence in those around you. Through organising and planning work,
you will find your workload less burdensome. When you are in a position to employ
others organisation complements the ability to delegate.
7. Determination
You must be 100% committed to your plan or you will not reach you goal. Don't
give up even when obstacles seem overwhelming. Most people will expect you to
fail. You must be determined never to give your opponents the satisfaction of
ever seeing this.
8. Family Support
Trouble at home is the last thing you need when starting a business. The statistics
in this area are grim ... a lot of break-ups occur during and immediately after
a new business start up. Don't let this happen to you ... talk it over with
those closest to you. Make sure you share common goals and objectives with your
partner.
9. A Risk Lover
Starting a business can be a big risk and you need to be able to make risky
decisions and cope with the consequences. Taking risks is commonplace with the
entrepreneur ... opportunity comes with risk. It's know as the "risk-return"
model; i.e. the higher the risk, the higher the return. Starting your own online
business, while less risky than starting a traditional bricks and mortar business,
is nevertheless, still risky; even if its just in terms of pride.
10. A Winner
A competitive spirit is almost mandatory. Are you competitive? Do you strive
to be first or the best? Your hobbies and sporting interests can tell you a
lot about your competitive nature. If you're a fighter, your chances for success
is vastly improved.
About the Author:
Richard is an affiliate program expert and helping many affiliates with his
web site http://www.affiliatepreselling.com,
which gives lots of free and useful information. Common sense articles on exploding
your affiliate income info@affiliatepreselling.com |