There are plenty of resources for people who want to start a business and do well at it. Generally, the themes of successful entrepreneurship boil down to things like “be ready to work hard” and “be ready to work even harder” plus “have a bit of luck on your side.”
Because, as anyone who has been down the entrepreneurship road will tell you, you can work hard and still things may not work out. Likewise, things might go your way even when they don’t have to.
Some studies of business executives, especially those who started their own ventures, indicate there might be other factors at play, including genetics. Perhaps this is why some people seem better than others at getting out there and starting new ventures.
It may not be the case that there’s an actual “entrepreneur” gene, but perhaps a combination of personality factors make it easier for certain people to follow this tack, such as being passionate, extroverted, and able to work well with numbers.
But at the same time, some of these same entrepreneurship studies that even people who do seem to have a knack being an entrepreneur sometimes don’t always end up successful. Their venture may get off the ground well, but then ultimately fails.
Or, in a better scenario, they’ll start a venture, get it up and running and then get out, perhaps letting other partners buy them out or even selling the whole company. This provides them the opportunity to focus on their next creative project, perhaps with some extra coin to make it happen.
If you’re worried that you don’t feel like you’re genetically gifted to be an entrepreneur, no problem. The world also needs people willing to work with companies for the long-term and make sure they remain solvent, instead of just supplying the initial vision.
Plus, if those previously discussed studies do have some validity, the world also needs people who are focused on being successful, not just born that way. That includes all the attributes like working hard.
For more smart business strategies, visit Mossberg Strategic Capital.