3. Entrepreneurial Self-Examination

The following topics will be addressed in this post:

Do I have the stuff it takes to be an entrepreneur?

Honestly, it’s an open question.

I am intelligent and I am acquiring skills through training and education. I am passionate about my current entrepreneurial path (please see the My Venture page). I believe my proposition adds value to my community and to society in general. Further, this program aligns with the goals of our country, namely promoting national development through commerce and personal development.

In another post, risk tolerance, internal locus of control, and resilience were mentioned as entrepreneurial traits. My personal risk tolerance depends on my understanding of the situation and my ability to control potential outcomes (or trust the individuals who can control potential outcomes). Indeed, my internal locus of control is not static. As a realist, I recognize that external factors are more powerful than my influence in many situations. As a pragmatist, I recognize that I can control some situations, especially with a strong team working in concert. Assembling a strong team will supplement my personal resilience. Therefore, assembling a team is a priority and is currently part of my process.

On the other hand, doubt is a factor. Will the market agree with my assessments of the value of the program? If so, can I properly administrate the program? If not, can I re-think the program in order to create a viable value-proposition? Currently, I operate under the principle that my program adds value, but I could be wrong or not communicate effectively. Again, public feedback to help refine the program and a team focused on value creation will add credibility and authenticity to the program. My greatest fear is not failure and, in fact, I would love for society to solve problems without this particular program. My greatest fear is that my program somehow diminishes value in the market.

Where must I personally improve to be an entrepreneur?

First, I must focus on cash flows. Second, I must invest more energy in creating the outcome I desire. Third, I must continue to study the relevant business law. Fourth, I must assemble a team as soon as possible. Fifth, I must consult my target market to affirm that this program will meet their needs. Sixth,… Seventh,… Eighth,…It goes on and on.

In the current analysis, I think I have a good value proposition and good skillset. I know that I have things to learn. And, I cannot proceed alone. If I continue to rely on my strengths and improve upon my deficiencies, benefits will accrue.

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One Response to 3. Entrepreneurial Self-Examination

  1. George says:

    Well you certainly have half the battle all ready under control. Being aware of the relevant questions and the intuition by which to solve those problems is what allows the entrepreneur the ability to be successful over time. To live in ignorance is a destiny with demise. Keep it up and keep pushing. Eliminate doubt and lose yourself in the experiment. In the grand scheme of things you have nothing to lose and everything to gain.

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