Starting a business is both exciting and rewarding, and being passionate about your idea is the number one factor that will keep you motivated to carry on the journey to starting and maintaining your business. But, it is certainly not the only thing an entrepreneur will need to get a new business launched. The U.S. Small Business Administration suggests that there are common characteristics, see below chart, that successful entrepreneurs have that contribute to their ability to start successful businesses. And, people interested in making a living out of something they enjoy can ask themselves if they have what it takes.
These core characteristics have been observed in individuals across all industries. Some may seem obvious to starting up a new business, such as being independent, creative or able to take risks. But others, such as having a support system may not have first come to mind. A support network, or business mentor, will help you learn from others’ experiences and guide you through the different stages of entrepreneurship. The B.R.A.I.N. offers help with how to find a trusted mentor as well as a Resource Navigator to find organizations who have partnered with us for small business support.
The B.R.A.I.N. has a checklist to organize your business concept and reflect on how your experiences can contribute to business planning. Work through this checklist to help the B.R.A.I.N. staff understand more about where you are starting from and what the next steps will be.
SBA: Is entrepreneurship for you?