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Have you imagined what it would be like to set your hours, fire your boss and be free of the office politics? Bask in the glory you can imagine from being a smashing success and rolling in the dough!

Wait just one moment, don’t sign the contract for the summer home in the Hamptons just yet. There is something you need to consider first: Is it in you to be a true entrepreneur? Do you have the stamina and the guts to earn lots of money and be rich?

To get to the bottom of this question you should compare yourself to the following characteristics, Can you / do you:

-Press on when there is no gratification, results are slow to come? In the beginning the sheer rush of owning your own business will color the way you see and feel about everything. Adrenaline will pound through your veins for days or even a month.

Unfortunately, the high does not last very long. Now you are faced with working long hours trying to make a go of it and all the adrenaline has dried up. The hardest part at this point is you are working diligently without any tangible results. Leaving you with little if anything to motivate you on to your goals.

Answer this question, do you have the will power to see something through even if pay off is delayed? These are the questions that determine an entrepreneur from all the rest.

-Let go of a bad concept? Trust me nothing is worse than having to walk away from your baby, if you will. This is a part of you something you have spent a lot of time on.

However, what do you do when that idea is failing? What if the idea is just a small part of the overall business and it is taking the ship down with it? Can you cut it loose despite the fact that you love this idea and are attached to it? These are things a good entrepreneur is forced to do.

-Have self-confidence and assurance in your own abilities? Many people will doubt what you are trying to do; in fact, some may even ridicule you. When you let their opinion affect you the battle is already lost.

It takes rock solid confidence in your idea and abilities, if you have that you can be a great entrepreneur.

-Have knowledge of the value of your products and service? A beginners biggest problem is knowing how to price their product or service. You will find them working hundreds of hours for peanuts. This occurs most frequently because of the value they put on the product or service they offer. If you tell yourself you would never pay x amount of dollars for something you are bound to price it too low to stay in business.

You are the provider of service or product, not the consumer of it. Your job is to offer something of value to people and then be fairly compensated for the effort. If you go wild and over price the product or service your customer base will be quick to let you know.

If this is not happening you are on the right path and valueing your product or service rightly. At this point you are close to being a good entrepreneur.

-Problem solver? This is the big final question, can you solve problems?

Entreprenuers must be problem solvers, there is simply no one else to solve them. This is your business, your baby if you will and the buck stops with you. All the corporate big dogs are gone and you are the boss!

There is of course an even bigger reason to solve problems, it great for business! In fact that is your business, when you can quickly pick out the problems others are dealing with and then solve them then you have what you need to be a good entrepreneur.