is there an entrepreneur in all of us

Is there entrepreneurship potential in all of us?

Is there entrepreneurship potential in all of us?

Almost all of us have dreamt of getting super rich. Unfortunately, that’s not the only reason and trait for which you should start a business. If you’ve been told you don’t have ‘the potential’ to be an entrepreneur, don’t lose heart! We spoke to founders and CEOs who told us whether or not everyone has entrepreneurial potential. Read the top 11 answers to our question, below: 

  1. Our Uniqueness is a Source of Untapped Potential
  2. It’s Possible to Acquire the Right Mindset
  3. We’re Curious and Innovative by Nature
  4. It Exists in Some Way, Shape, Or Form
  5. Not Everyone Can Tolerate Risk
  6. If You Can Dream It, Can You Really Do It…?
  7. Everyone Has a Passion
  8. Desire For Wealth May Cause Poor Decision-making
  9. Entrepreneurship Can Be Learned
  10. We Are All Solution-oriented
  11. Potential versus Mindset

Our Uniqueness is a Source of Untapped Potential

Everyone has qualities that make them unique. Many times those distinctive qualities make a person fit for an entrepreneurial venture. I believe that my self-awareness, adaptability, and creativity make me an excellent entrepreneur, but my co-founders have other strengths. It’s not a one size fits all formula. With technological innovation and the absence of an economic downturn, now is the time to start your own business. Lean into the qualities that make you unique and don’t be afraid to tap into your entrepreneurial potential.

Katie lyon, Allegiance Flag Supply

It’s Possible to Acquire the Right Mindset

There is entrepreneurship potential in all of us, but you have to have the right mindset. Can you think out of the box? Are you easily rattled or can you roll with the punches when challenges arise? These are some of the questions to ask when trying to figure out if one has the potential or not. It takes more than simply having a good idea. You have to be able to execute and do what it takes to be successful.

Brittany Kaiser, Gryphon Digital Mining

We’re Curious and Innovative by Nature

Entrepreneurs possess a keen eye for solving problems through innovation, trial, error, and finally success—a quality that exists in all of us. While entrepreneurs themselves have honed this skill through years of training, knowledge, and expertise in their field, it is nevertheless an attribute that we can work on, even in the smallest of ways. This is especially true when we hear about the many success stories of entrepreneurs with no formal education, making their way to the top.

Riley Beam, Douglas R. Beam, P.A.

It Exists in Some Way, Shape, Or Form

Entrepreneurship doesn’t just boil down to building an enterprise, it could honestly be anything an individual is passionate about. Monetizing your skills, coming up with innovative ideas to solve common problems, and even starting a homegrown initiative could all be perfect examples of cultivating an entrepreneurial spirit. It is in our innate nature as human beings to keep searching for answers and wanting to excel at something while we’re at it, all of which make up a vital part of the entrepreneurial potential.

Demi Yilmaz, Colonist.io

Not Everyone Can Tolerate Risk

There’s a lot of risks associated with being an entrepreneur. For one, your business could go under at any time, leaving you out of a job and in debt. Additionally, there are no guarantees when it comes to running your own business; you could work hard for years and still not see any profits.

So while entrepreneurship may be a great option for some people, it’s not the right choice for everyone. If you’re someone who doesn’t enjoy taking risks or if you’re not comfortable with the idea of potentially failing, then entrepreneurship is probably not the best path for you. There are plenty of other great career options out there that come with less risk and more stability.

Claire Westbrook, LSAT Prep Hero

If You Can Dream It, Can You Really Do It…?

It isn’t true that if you can dream it, you can do it. Owning your own business can be one of the most difficult, complex, and stressful occupations out there and you have to possess certain qualities to succeed.

No one can start, grow, and maintain their own business alone. You can obsess over it and do everything yourself, but eventually, you will have to ask for help to grow past a certain level. Entrepreneurs need to be resilient, adaptable, realistic, and expert delegators.

Any of us can have an idea for our own business. But to execute it will take a full-time commitment, overtime, and the know-how to work with others to achieve your goals.

Dylan Trussell, Culprit Underwear

Everyone Has a Passion

While being an entrepreneur isn’t for everyone, the potential is there. Everyone is passionate about something, whether it be social innovation, finding an equitable outcome for everyone, or eliminating barriers for women. The key is to find that passion and tap into it. It’s hard to start your own business, but if you believe in yourself and your idea, you’re more likely to succeed than if you choose an industry that you’re not passionate about. Everyone has the potential to become an entrepreneur, but they need to trust themselves and their vision.

Steven Vigilante, Olipop

Desire For Wealth May Cause Poor Decision-making

The desire for wealth by entrepreneurs causes poor decision-making. For instance, when a particular entrepreneur feels like they aren’t getting enough profit, they might develop temporary measures to increase their profits. As they aim for a more significant profit margin, they are more likely to take desperate measures that might be impulsive and adversely affect the business. Some of these actions that affect the business include unnecessary business loans and other credit debts. Entrepreneurs who have their minds fully fixed to wealth creation mostly have bad debts due to rational investment that doesn’t offer the expected returns.

John Tian, Mobitrix

Entrepreneurship Can Be Learned

Everyone with the determination and passion for a specific product or service has the potential to be an entrepreneur. You don’t have to be born one. A person can learn how to be an entrepreneur. This is true whether you’re a male or female entrepreneur. No one should feel there is any type of barrier for them if it’s something they really want.

Phillip Akhzar, Arka

We Are All Solution-oriented

At the core of entrepreneurship is the drive to gather resources to solve a given problem in society despite any operational risk that we may incur. Likewise, humans naturally tend towards solution giving rather than causing problems. With access to the right resources and a dedicated mentor, this human trait can be utilized for a unique entrepreneurial venture like Elon Musk’s Tesla, which started with the mission to help reduce climate change.

Ryan Yount, Luckluckgo

Potential versus Mindset

We all have the potential, however, there will always be the traditional folks that lack the mindset. Some will always prefer the 9-5 and the one income source, even knowing the benefits of the other side. Preference to stick with what’s familiar doesn’t change the fact that the potential is still in all of us. It’s knowing when to activate that potential that counts.

Nicole Wallet, All Season Backyards
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