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Setting up your own business - The secret of successful entrepreneurs

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Setting up your own business - The secret of successful entrepreneurs

Becoming self-employed is the lifelong dream of more and more people. Have you already discovered a brilliant business idea with which you would like to free yourself from the hamster wheel?

Then take a few moments and read this article carefully. In the following, we would like to tell you how you can tell if you are ready to take the big step into self-employment.

8 Signs You're Ready to Get Started with Your Business

You have a vision

What is the most common reason why people start their own business? Is money the driving force? The truth is, many budding entrepreneurs have a personal vision that they want to realize.

Elon Musk, for example, is pursuing the goal of sending a manned rocket to Mars. He was initially ridiculed by the public for this idea. In the meantime, his vision has come within reach and the media are suddenly responding with encouragement.

That means - If you too would like to realise your entrepreneurial vision, then don't hesitate any longer. Don't let your future be determined by self-doubt and take the initiative. Because as Steve Jobs already aptly put it...

Don't let the noise of other opinions drown out your own inner voice. And most importantly, have the courage to follow your heart and intuition. They somehow already know what you actually want to become."

1. you are bursting with motivation

Work is successful when it is done of one's own accord. Psychologists speak here of intrinsic motivation. You can tell if you are intrinsically motivated by the way you get out of bed in the morning.

Are you highly motivated and full of energy? Or would you rather just lie down on your side and go back to sleep? If the former applies to you and you can't wait to get started on your projects, then you're ready for your own Business.

Because especially in times of great challenges, motivation will lead you to success. It will help you not to lose faith in your vision and to stay on the ball. Accordingly, becoming self-employed also means pursuing goals with dedication.

2. you are well organized

Passion and motivation are not enough if you want to start your own business. Organization is also an important cornerstone for holding your own in the market.

Especially at the beginning of self-employment, organization is indispensable. Suddenly you are confronted with new tasks that you didn't have on your radar before. Structure is therefore also important for you to avoid getting into financial difficulties.

3. you believe in yourself

When you want to start your own business, you hear from your family, colleagues and life partner: "Self-employment is far too risky these days. It's better to stay in your job, because it offers you security."

Honestly: If you take this sentence to heart, you will have a very hard time getting started with your self-employment. Because in the back of your mind there will always be a little voice that prevents you from giving 100 percent.

For this reason, it is even more important that you believe in yourself. Because the belief in yourself, prevents you from being influenced too much by the opinion of others.

4. you are disciplined

We don't want to fool you. If you want to start your own business, it requires a high degree of self-discipline. And this is exactly where the wheat is separated from the chaff.

Especially at the beginning of self-employment, discipline is the foundation to get the machine going. Because especially in the beginning the self-employed person is confronted with many problems and challenges that decide between success and defeat.

5. you are ready for new things

Neither school, university nor our family prepare us for what it's like to be independent. Because suddenly you have to deal with things that you didn't even have on your radar beforehand.

Suddenly insurance, taxes and business plans are on the agenda. Things you probably never had to deal with before. And that's exactly what you have to be ready for if you want to start your own business.

Such phases always come during self-employment. Especially when you start and when you want to expand your own business. And that's why it's immensely important for you to be open to new things.

6. you are flexible

You know those people who stick with their habits for years? What's the result? That's right, the same results over and over again. Or to put it more succinctly: You stay in place and make no progress.

For this reason, as a self-employed person, you must not let your ego drive you and get trapped in habits that may be unproductive and thus get in the way of you and your success.

If you want to start your own business, it is therefore important to be flexible and open to new ideas. Because as a self-employed person you will find yourself in a dead end every now and then. And standing there, you decide what to do next for you. Do you continue as always and try to get through the wall with your head or do you go a new way?

7. you are independent

As an employee, we are always told by the boss what we have to do. However, when we are our own boss, we have no one to tell us what to do. Being self-employed means taking the initiative every day and working hard to succeed.

Conversely, this also means that we are responsible for our success. We have to make decisions ourselves, live with the consequences and make our own optimizations in order to achieve the desired results.

8. you can handle defeat

When former professional basketball player Michael Jordan was asked about the reason for his success, he replied:

I missed 9,000 throws. I have lost almost 300 games. I've been entrusted with the buzzer beater 26 times and missed. I have failed over and over again in my life. And that's the reason I win.

Meaning: Losing is part of winning. Always! Even as a self-employed person you will accept defeats from time to time. If you are prepared for this and can deal with defeats, then you will be able to assert yourself as a self-employed person.

Starting your own business: How to Achieve What Most People Only Dream About

No successful entrepreneur has ever fallen from the sky. Behind every successful entrepreneur lies a story. This is marked by ups and downs. Everyone who wants to become self-employed will go through these.

And that's why we have prepared a very special video for you today. In it, Dr. Stefan Frädrich explains how he has managed to build up GEDANKENtanken over the years. He talks about challenges and how he overcame them with his team. successful has mastered.

You are welcome to watch the video now. It will help you to make the right decision and finally take the step into self-employment. Because we often have far less confidence in ourselves than we actually have in ourselves.

YouTube video

Conclusion: Starting your own business - Do you have the courage to start your own business?

In this article, we've told you the 9 most common signs you can tell if you're already to start your own business. We have summarized them for you here again:

  • You have a vision
  • Motivated way of working
  • Well organized work
  • Belief in one's own competence
  • Disciplined work
  • Open for new ways
  • High degree of flexibility
  • Work independently
  • Dealing with defeats

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Reviewed by Dr. med. Stefan Frädrich

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