Are You Entrepreneurial Material?

By: First Union | Date:

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Are You Entrepreneurial Material?

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When you think entrepreneur, you generally think of words like risk-taker, innovator, leader and time manager. They have a vision or an idea that they want to share with the world by way of a new company and rather than just sitting back and waiting, they act. Perhaps you've always dreamed of being an entrepreneur. Or maybe you've just recently started a business and are wondering if you truly have what it takes.

Below are some questions that you should ask yourself in assessing whether or not you are true entrepreneurial material.

1. Are you easily knocked down by having to make the tough calls? In other words, do hard decisions throw you off your game. It stands to reason that a business owner is going to have to make those tough calls, whether it be to let someone go, to severely tighten the company belt or to even shut down a division. Yes, there may be hurt feelings involved, but at the end of the day it is a business and you have to be able to treat it as such.

2. Are you okay about bringing work home with you? As you are the owner, you are going to worry about things—lots of things. Being an entrepreneur, unfortunately, is not a 9-5 job. Especially in the beginning, you will work weekends, nights and when you're not working, you're probably, some of that time, going to be thinking about working.

3. Are you a people person? A huge part of being a business owner is interacting with people. Everyone from employees to suppliers and vendors, to contractors, to customers will be looking for you to communicate. Even during more tense situations, you still have to be able to articulate your thoughts and what you want in a clear, calm and concise manner. You need to be comfortable dealing with people every single day as this is all part of your job.

Whether you're a newly minted entrepreneur or have been in business for a while, we'd certainly like to discuss any financing needs you might have. First Union is in business to help companies just like yours. With short-term loans, lines of credit and merchant cash advances, we have flexible and fast funding solutions to help you. Call today!

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First Union Lending LLC is a dually licensed Lender/Broker with its main offices located at 4900 Millenia Blvd First Floor Orlando, FL 32839. First Union Lending LLC and its ads are meant for continental United States, including Alaska and Hawaii small business owners. Business Loans offered by First Union Lending LLC have varying rates and terms that can range from 30 - 120 payments and all rates and terms are based on eligibility of the business and its owners. The actual terms are based on credit, business history, industry, amount and terms. As an example, a $5,000 loan paid over 5 years at 8% would have a total repayment of $6,082.92 over the life of the loan. We use the latest encryption to protect sensitive information transmitted online, as well as run our own secure server network to ensure your information is protected offline as well.

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