Assessing Oneself as an Entrepreneur

Many people want to get into business, but the right opportunity is the problem. Many are occupied with their jobs that they seem not to have time for other means of livelihood. Majority are hesitant to plunge directly into it for fear that they may not possess the essential qualities of an entrepreneur.

There are people who are naturally inclined to business and there are also who are not. People who have interest in business need not be motivated because they themselves will seek the opportunity.

However, whether or not one has the inclination to be an entrepreneur, it is best that an individual determines for himself whether he/she has the capability to face the challenges of handling a business. Who knows, one might be forced into it by circumstances or a person my develop the interest because of strong motivation to improve his/her standard of living. Getting tired in one's employment or disenchantment with superiors are also valid reasons for getting into entrepreneurship.

The period between the mid-twenties and mid-thirties is the best time to engage in business. At this point, one has already acquired enough experience and has already developed competence and self-confidence to be on his own. It is the best time to try entrepreneurship.