Open

Employer Spotlight

Recruit Gen Y Stars

You need new tools to attract the new breed of talent - Experience will help you build your team with Gen Y stars.

Go

Ease of Use

Our management dashboard helps you easily post jobs, pinpoint targeted candidates and manage your talent pipeline.

Go

All Needles, No Hay

Don't wait for the best candidates to come to your door - with Experience, you can proactively target top talent.

Go

Build Your Experience

Experience is your most important asset - we're here to help you find that next opportunity.

Go

Tell Your Story

You're so much more than just your resume. Showcase your Experience.

Go

Connections Matter

Introductions are made easy when you have Experience -- connect with alumni, mentors and industry insiders.

Go
Forgot?

Use eRecruiting by Experience on campus?
Find your school here.

Home  > Article

Are You Cut Out for Self-Employment?

By Laura Sweeney

Every year, more than a million entrepreneurs across North America start new businesses. If you are considering the self-employment career path, be certain you can weather the challenge. An entrepreneurial career is among the most rewarding, but it is also the toughest job going. Do you have the passion, the stamina, and the guts to run a successful business?

 
Putting aside your ego is imperative if you are going to be successful.
 
Every year, more than a million entrepreneurs across North America start new businesses. If you are considering the self-employment career path, be certain you can weather the challenge. An entrepreneurial career is among the most rewarding, but it is also the toughest job going. Do you have the passion, the stamina, and the guts to run a successful business?


The right stuff

Dreaming about being self-employed is the first step to starting a business, but you need to do a thoughtful reality check to determine whether you are cut out for the lifestyle of self-employment. If you can answer "yes" to these questions, you may be fit to turn your dreams into a business:

  • Are there elements of working for someone else that you do not like?
  • Can you live without a steady paycheck?
  • Are you specialized in your field?
  • Do you have a business plan?
  • Can you wait three to five years to see successful results?
  • Can you control your emotions when dealing with clients?
  • Do you have funds to cover expenses for the first one to three years?
  • Are you technologically literate?
  • Do you have a team to support your decisions?
  • Are you self-motivated and confident?
  • Do you like to be in charge? Are you a decision-maker?

Personality traits for success

Being an entrepreneur requires physical, mental, and emotional strength. Before you take on the risk, do the research. Talk to as many business owners as you can to get a sense of what it takes to ride the roller coaster career path of an entrepreneur.


Among the most common personality traits of successful entrepreneurs is energy. This job is no less than a 24-hour obsession. Most entrepreneurs say the unremitting stamina comes from the passion they feel for their businesses and a belief in what they are doing. Entrepreneurs also have to be willing to risk their money and reputations; and it takes a thick skin to deflect the criticisms of doubting colleagues and friends. For this reason, you have to be prepared to go it alone, to trust in yourself and your decisions.

Which isn't to say entrepreneurs don't ask for help. In fact, putting aside your ego is imperative if you are going to be successful. While you'll need to possess a myriad of skills of your own, as you'll have to where many hats at the helm or your business, successful entrepreneurs also surround themselves with capable people who are experts in their fields.

Starting your own company comes with an enormous amount of risk, and no one advises that you accept that risk without taking a personal inventory first. Once you've determined that you're made of the right stuff, enjoy the ride!







More Related Articles


Building Your Business Plan
Starting and managing a business takes motivation, research, preparation, talent, and foremost: a good business plan.

Start-Up Fever
Is joining a start-up right for you? Get inside Comet Systems, a Manhattan multimedia company, and find out what makes it tick.



Google Web Search
Didn't see what you were looking for?
 
powered by Google
Copyright ©2017 Experience, Inc Privacy Policy Terms of Service