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According to Thomas J. Stanley, the author of the Millionaire Mind, entrepreneurship is high on the list of traits that millionaires share. However, while it is a viable option for people with disabilities, not everyone is cut out for this career path. Before you open a small business or consider self-employment, here are some tips to examine your personality and aptitude for entrepreneurship.

Personality Traits Shared by Successful Entrepreneurs
There are many different personality traits that successful entrepreneurs share, at least according to a study published in the Journal of Applied Psychology. This study compared personality traits that were common for managers to personality traits that were common for successful entrepreneurs. Their findings were very shocking, as a distinct trend was identified that clearly distinguished the personalities of successful entrepreneurs from managers.

First of all creativity and innovativeness were both personality traits that successful entrepreneurs had. This makes sense since entrepreneurs have to find unique niches in a market to establish their company and compete against larger organizations. They also need to be open to new ideas, since their professional flexibility is going to help them adjust to changes in their market quickly.

Differences between managers' personalities and successful entrepreneurs' personalities were also identified in the personality trait category of conscientiousness. Here the entrepreneurs scored higher in orientation towards achievement. Again, this makes sense since the success of the business is dependent on the entrepreneur's achievements.

In addition to all of the above personality traits, entrepreneurs also shared several other traits. These traits included: being dependable; being well organized; being self-confident; being resilient; being stress tolerant.

Questions to Ask Yourself Before Starting a Business
Before you consider starting a business, you need to ask yourself several questions. First of all you need to ask yourself if you have the emotional strength to handle the turbulence of an entrepreneurial adventure. There are a lot of ups and downs associated with running your own business and stress is a normal component of this career path.

Next, ask yourself if you have the creativity and openness needed to run a successful entrepreneurial enterprise. If you enjoy things that are black and white, or if your stability relies on set routines, then this career path is not for you.

Finally, ask yourself if you have the self-confidence to tackle this type of professional challenge. In order to be successful, you need to not only be confident in your abilities to start and run a business, but you also have to be able to convince your customers and financers of this as well.

As you can see there are a lot of things to take into consideration before you enter the world of entrepreneurship. However, if you fit the profile of a successful entrepreneur then the sky is the limit when it comes to what you can achieve.

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