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5 signs that you have what it takes to be an entrepreneur

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CIOL 5 signs you have what it takes to be an entrepreneur

You are ambitious and always wanted to be an entrepreneur. You have the vision and are ready to hit the ground to build your enterprise. So, what’s your plan of action? You know what you want to achieve but how? Once you enter the world of entrepreneurship, how do you maintain your stand and turn your dream into reality?

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The dream that you have lived every night is set to roll down, and you better know what it takes to make it if you don't want to join the long list of entrepreneurs who failed to get their businesses off the ground.

Scroll down to learn the mantras for a successful entrepreneur:

Do you really want to do it?

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"Action will remove the doubt that theory cannot solve" - Pehyl Hsieh

If this idea or startup means nothing more than money to you, stop there. A successful entrepreneur needs a strong, racing or compelling feeling of confidence about the idea to push it past the idea phase.

Solving a problem you genuinely care about is a wondrous way to start a company. CIOL has featured many startups, which chose to tread unconventional paths - Anahata, MakersBox, Avagmah, Med-x

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Plan the execution:

"Ideas are easy. It's the execution of ideas that really separates the sheep from the goats" - Sue Grafton.

Having a great idea is not enough, if it's executed poorly, you will be out of business soon. It's the execution that matters.

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Can you handle the failure?

Failure is the opportunity to begin again more intelligently - Henry Ford

If you know how to get over failures, then you have one of the most important aspects of a thriving entrepreneur. Great entrepreneurs know that failure is not a sign of permanent trouble, but merely a sidestep on the path to success.

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Are you a life-long learner?

"Learning is a treasure that will follow its owner, everywhere" - Chinese proverb

It basically means spending a considerable amount of time working on your own personal development. Great entrepreneurs are constantly learning how their businesses can adjust and change with time to be relevant now and in the future. Keep asking critical questions, it's the only way to stay relevant to your customers now and in the next decade, only if you want to!

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Can you handle risk?

"Find your dream, and then risk everything to make it into reality"

If you are good at reducing your risks but can still make critical business decisions, you will do well as an entrepreneur.

We understand that uncertainties can be overwhelming, but when the door knocks, you better make the right choice.

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