Going into business for yourself is a dream that many dream!
While some manage to turn this dream from nothing to great success, others go from promising business potential to vast “nothingness!” So what makes or breaks an entrepreneur?
Much of the thrill of being our “own boss” has to do with the freedom it provides to march to the beat of our own drum.
Typically entrepreneurs are visionaries with far greater ideas than what can be accomplished at times. Being able to act upon these ideas is what pulls the entrepreneur forward and lets him/her go the distance… no matter what! Entrepreneurs are risk takers, ideally they would take calculated risks, but in reality they rarely do! They push the boundaries in search of new products, services and inventions, and they don’t waver in the face of setbacks! The benefits of business coaching are many and can help the entrepreneur tremendously.
Entrepreneurs are quick minded, fast paced and impatient. Often times they are horrible bosses, too. They want things “their way.” They have an inborn trust that no challenge is too big to overcome, and their ability to quickly pick themselves up after a set-back, and to go at it again, ultimately turns their vision into reality!
More than anything though, the successful entrepreneur lives and breathes building his/her business. They are engaged 24/7, and with every fiber of their body, mind and spirit. They are always “on”, even at night their brains are circling around the next big solution! They are adrenaline junkies who thrive on the excitement of challenges, newness and change!
While this sounds crazy to many, it describes the fabric successful business owners are made of. However, it is important to point out that every entrepreneur is also at risk to sabotage his/her strength if they don’t master their weaknesses! Professional business coaches can help in this area.
To name just a few these are: “Staying with a task” once the excitement has faded, being open minded to feedback, being patient with self and others, practicing self-discipline in terms of work/life balance, spending time and money, and being with loved ones and friends, as well as establishing structure for others to follow by staying within the guidelines and being detailed and task oriented!
It is needless to say that only the entrepreneur who overcomes these shortcomings will be wildly successful! If you’re thinking of starting your own business, or are struggling to grow your business, consider speaking with a business coach who can help you understand your personal balance sheet!
Regina Fasold is a seasoned Executive Coach and Leadership Expert. Her extensive professional background and her 10+ years of experience as a Global Executive Coach have allowed her to assist over 300 senior executives in corporations throughout the United States and in over 25 countries around the world.