Have you ever asked yourself “Do I have what it takes to be a business owner?” Many of us dream of being our own boss, and can easily imagine creating something that says “This is my vision for a small business, and the tangible evidence of my goals fulfilled.” What you may not know is that many successful entrepreneurs have similar traits and characteristics.

The good news is that anyone can learn to operate like an entrepreneur. Qualities such as persistence, inquisitiveness, a high energy level, and plenty of self-confidence go a long way in shaping your entrepreneurial future. It is also imperative to have goal-oriented behavior that includes a strong vision and commitment to your ideals. Another key ingredient is tolerance for failure, yours, and others’. Strong management and organizational skills will get you through the times of failure. A strong desire to work hard and consolidate resources will provide you with the drive necessary to push through during those times when things look bleak.

The truth is that during the Great Depression, more people became millionaires than in any other time in American history.  Opportunities, that were not present during the 1920s economic boom times, suddenly became available.  Savvy entrepreneurs edged in and positioned themselves to prosper when the economic climate improved.  Many poorly run businesses closed during the Depression years and their

History tells us that an economic downturn is a good time to start a business because start-up costs are much lower in a recession than in boom periods. Entrepreneurs like Bill Hewlett and Dave Packard started their businesses during the height of the Great Depression with less than $500. During a time when people had next to nothing, it proved that anything is possible no matter what the stock market says. Although it may be a little more difficult to procure start-up funding during this recession, creative thinking and innovative ideas for lower start-up costs could mean that you are the next great entrepreneur!