Are You Psychologically Strong Enough to Be an Entrepreneur?

4. Financials

Unless you’re already independently wealthy, you’ll have a lot riding on the success of your startup. The performance of your company will have a direct impact on the amount of money you make and what kind of future you build yourself. That can make handling the company financials exceptionally stressful, and put you in an unstable position (at least temporarily).

Can you deal with that degree of fiscal uncertainty?

5. Leadership

It’s easy to look at some of the most successful celebrity entrepreneurs of our time and fantasize about how rewarding it must be to be a leader. But the realities of leadership are much more demanding. You’ll have to serve as a mediator between potential employee conflicts; you’ll have to remain poised and calm in your most emotional moments; and you’ll need to set an example — all the time — for your team to follow.

Are you stable and controlled enough to be a leader to your team?

6. Loneliness

It’s an oft-neglected but important side effect of entrepreneurship: You’re going to feel exceptionally lonely. You’ll be the one person in charge of most decisions, and you’ll need to remain calm, in control and confident in front of your team — no matter how much you’re struggling on the inside. On top of that, you’ll be working long hours, usually away from home and you won’t have as much time to spend with friends and family as you used to. If you’re going to be successful, you'll need to be able to handle some degree of loneliness, but more importantly, you'll need to recognize these effects and take personal time when you need it.

Are you prepared to handle the potential loneliness of entrepreneurship?

Only you know how equipped you are to deal with these major emotional hurdles. There isn’t much to measure here — chances are, you don't hold a degree in mental well-being or have “X years of experience” in psychological resilience — but it’s important to understand who you are in light of these potential obstacles before you begin your entrepreneurial journey.

Fortunately, there’s always time to prepare yourself. If you’re lacking in a certain area — whether it’s patience, handling stress, or overcoming your own emotions — you can work on it proactively, before you step into a leadership position. Don’t view your weaknesses as permanent handicaps; see them as opportunities for growth.

Original Source: Entrepreneur

Think through carefully if you have the 6 traits that is required to embark on entrepreneurship journey.

We are just talking about embarking and not even come to know how to be a successful entrepreneur!