The Entrepreneur's Checklist

I was asked the other day what personality traits I thought were important to entrepreneurial success. I immediately
gave my preprogrammed reply about passion and dedication and hard work. After taking some time later to ponder the
question a little deeper (I normally operate in shallow waters), I came up with a more detailed checklist for
entrepreneurial success. This is by no means a definitive list, but I'd be willing to bet that if you don't have at
least a majority of these traits, your chances of business success will be greatly diminished. 

You must be self motivated.

If you don't have the wherewithal to bounce out of bed each day without your spouse drenching you with cold water,
chances are you don't have the self motivation or discipline required to be an entrepreneur. Business demands that you
take action based solely on your own volition. You have to do a hundred things every day that will not get done unless
you make yourself do them. 

You can't be afraid of hard work.

If you think working for someone else is hard work, try starting your own business. You will be required to give every
ounce of blood, sweat, and tears you can muster and then some. You will have to work long hours and be on call 24/7, at
least in the beginning. If the mere thought of hard work makes you tired, maybe you should just keep your cushy day job. 

You should have experience in the type of business you plan to start.

If you can't locate your car's engine you have no business buying an oil change franchise. The most successful business
owners have prior experience in the industry in which they have set up shop. Consider working in an industry at least
part time for a year before jumping in with both feet. 

You must be able to climb back on the horse.

I always say: "If business was easy, everybody would do it." Starting a business is hard work and the odds for failure
are against you in the first few years. If you want to ride herd on your own business, you must be willing to fall off
your horse and get back on a few times without giving up.