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I'm fasinated by how purpose driven entrepreneurs are, how much does it take to become an entrepreneur?

I love to influence people positively, sometimes i wonder if am doing enough. How would you know you have an entrepreneual spirit in you ?

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3 Answers

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Steve Baylie

I suppose it's akin to raising a child; in that you both love it and never stop doing it. If you find you work a "normal" job and can't seem to turn off the switch after hours; it might be an indicator that you have that "spirit" in you; as it's a pleasingly all encompassing venture.

Answered 1 year ago

Steve Baylie
0

Belkis McPhee

Great question!

From a psychology point of view entreprenurs do share certain personality types. The Myers Briggs personality test (test is used in the business world) would characterize entrepreneurs are ENTPs, ESTJs, ENTJs, INTJs. If you're not familiar with the Myers-Briggs Type Indicator (MBTI), it measures four pairs of personality preferences: Introversion (I) versus Extraversion (E); Sensing (S) versus Intuiting (I); Thinking (T) versus Feeling (F); and Judging (J) versus Perceiving (P).

I tested as ENTJ and consider myself an entrepreneur. I like the stability of working in the corporate world (good money & insurance) but am always thinking of new ventures. At present I provide career counseling on Fiverr, I sell vintage clothing on Etsy, I sell photography on Fine Art and other side gigs. I hope that paints a picture of the entrepreneurial spirit.

Answered 1 year ago

Belkis McPhee
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Clarissa Constantine

There really is no set answer to the question of how much it takes to become an entrepreneur.
I've seen folks participate in direct sales businesses, for which there's an initial investment somewhere in the neighborhood of a few hundred dollars. These opportunities allow you to be an 'independent representative' of the company and you earn money by selling product and bringing other people onto your team to do the same thing.

I've seen others choose to begin a company that requires a 5- or 6-figure initial investment. Much of this investment goes into business start-up fees, including legal support, website development, and (depending on the business) product research & development.

And, many of us have started our own business with investments somewhere in the middle. I started mine by developing my own basic website, paid an attorney to make sure some of my legal considerations were protected, and am bank-rolling it little by little as it grows. I'm still working full-time in my other business, but am gradually shifting the balance of how much time I spend on each one.

As far as personality/spirit, I'd encourage you to do some journaling on WHY you're interested? If it's to live an easy life of luxury, that's probably not enough for you to be successful. If it's to provide a solution to a problem that you're passionate about, that could be a great start. Interview other entrepreneurs to find out what life is really like, good, bad, and ugly. Then think seriously about whether the 'bad' and 'ugly' are things you're willing to deal with. There is no right answer - only what's right for you.

Good luck!

Answered 9 months ago

Clarissa Constantine