There are many business owners in the world, but none of them are equally enterprising. Anyone can become a business owner. You only have to register at a companies house and apply for a VAT number and off you go. But it’s not whether you are an entrepreneur, but how entrepreneurial you are. And how entrepreneurial you need to be for the business you are in. So the main question business owners should ask themselves regularly is if they are entrepreneurial enough for the business they have or want to start?
Lack of self-knowledge
Entrepreneurship is seeing opportunities, exploiting them to your advantage and creating value for yourself and others. Good news for every owner of a business: an entrepreneurial mindset can be developed. There is enough science to back this statement. But it all begins with self-awareness and self-knowledge. This means looking honestly into the mirror and objectively assess your strengths and weaknesses. Unfortunately many entrepreneurs lack this self reflective ability. Research shows: only 28% have accurate self-knowledge. More good news: with business coaching this too can be developed too.