Are you an entrepreneur?

 

Ask yourself some questions to see if you have the mentality for being an entrepreneur, such as:

 

Do you have an open, curious and restless mind? Can you accept the possibility of failure, and are you able to survive a business failure?

 

 Finding startup capital can be your biggest challenge. The more time and effort you put into planning a new venture and creating a business plan can pay dividends in the end. To be successful you need a great upfront work on planning and executing your business plan and business model; remember it takes time and good preparation to achieve success.

 

You own your time but small tasks take over your life; they are an emotional roller-coaster (the ups and downs are more extreme than one is prepared for); they need persistence; you must think long-term; there are lots of little things you have to do.

 

When I first did it the biggest challenge was to find clients, a Portuguese lawyer cannot advertise and lives of “word of mouth”; the second one is that it takes some 5 or more years before you can say for sure what your yearly income is, but the expenses are always there to be paid