Entrepreneurship isn’t for everyone. You’ve got to be willing to work hard to make your idea or business a success. Did you know that within 5 years, 50% of businesses no longer exist? Only a third of businesses make it past the 10-year mark.

Leaving your stable 9-5 job to go out on your own is risky and can be scary. Not everyone has what it takes to be a successful entrepreneur. Keep reading to learn more about what entrepreneurial skills it takes to make it big.

5 Entrepreneurial Skills to Ensure Success

Do you think you have what it takes to be a successful entrepreneur? Lots of people have great ideas and can start a business, but the real challenge is to keep it running.

Not everyone has the drive and motivation to put in the hard work to make a business successful.

Read on to see if you have what it takes.

1. You Are Self-Motivated

No more punching a clock or checking in with a boss once you’re an entrepreneur. You will need to be able to motivate yourself to get up every morning and get to work. Be prepared to sacrifice your nights and weekends too, especially in the early days.

Setting and keeping deadlines is necessary, as there won’t be anyone to answer to if you don’t. Being able to thrive in an environment that lacks the structure of a traditional workplace is crucial to be successful.

2. You Can Think Outside of the Box

Everyone has ideas. The ability to think outside of the box when executing your ideas is what sets normal entrepreneurs apart from those who are successful. Coming up with creative solutions to solve problems can help you stand out in a sea of other budding entrepreneurs.

3. You Can Handle Risk

Related to thinking outside of the box, you also have to be willing to take risks. One of the biggest risks you might take is leaving your job to pursue your passion. You have to be willing to take that risk in order to focus on what’s really important to you.

If you can master the balance between minimizing your risks and thinking outside the box, you will go far as an entrepreneur.

4. You Are Able to Get Past Failures

Even billionaire entrepreneurs make mistakes and experience failure. What makes entrepreneurs successful is getting past their failures and learning from them. Move beyond temporary setbacks and use those experiences to make sure you don’t make the same mistakes in the future.

5. You Are an Introvert

Most people don’t automatically think of entrepreneurs as introverts, but when you think about the characteristics that make entrepreneurs successful, they pretty clearly describe introverts.

Successful entrepreneurs put in long hours by themselves, have a strong focus that they can hold for a long period of time, and they can think through all of the details necessary to make their endeavor a success.

Do You Have What it Takes?

Taking the risk to start your own business or finally make your ideas a reality is scary but in the end, it is worth it. When all of your hard work and entrepreneurial skills finally pay off, you will be glad you took the risk.

If these characteristics sound like they describe you, consider taking the leap and tap into your entrepreneurial spirit. Check out our blog for more inspirational quotes and humor to help you de-stress.