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!

Reality check! Before you are off picking out your Malibu estate, you should ask yourself a very important question. Are you made to be an entrepreneur? Is it really in you to become wealthy?

In order to be positive you should see how you rate on the following five topics, Can you / will you:

-Stay with something without instant gratification? Your first day of entrepreneurship will be the most exhilarating day of your life. In fact, you probably will not come off cloud nine for many days if not weeks.

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.

-Walk away from a losing proposition? Anytime you spend days or weeks on a proposition it can feel like your baby. Honestly, it rather is, at least in a manner of speaking, I mean this is your brainchild.

Nevertheless, what do you do when the proposition is not working? Worse yet what if your little idea is taking your whole business down? Do you have what it takes to say goodbye? Even though you are committed to the idea and truly love it? If you can do this, you have the right mentality for an entrepreneur.

-How is your self assurance? Your friends and even your family are going to have enough doubt to share. Laughing at you and calling your plans ridicules may be common place and if you buy into any of this you will never make it.

If you have confidence in your capabilities and your proposal then you might have the stuff to be an entrepreneur.

-Do you have a firm grip on the value of what you are offering? This is a huge problem; many times a new entrepreneur will work their fingers to the bone for nothing. Most of the time this is a result of not valuing the solution they are providing. A new business owner has thoughts like „I would never pay that much for this product or service, so I better set a low price.“

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?

When you are an entrepreneur problem solving must be your forte. The proverbial buck must stop with you in this business. There is no higher-level officer to do it for you. It will be all on your shoulders to find the problem and then solve it.

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.