By Nancy E. Parsons, President, CDR Assessment Group
You may be surprised to learn that the real reason that only about 10% of entrepreneurs succeed is because very few people have the hard wiring to succeed. Many people have some of the inherent capabilities needed but very few have the whole package. Before investing your life savings and your blood, sweat, and tears in a new venture, consider two things: 1) your inherent suitability as an entrepreneur and 2) your team’s make up and balance.
Your entrepreneurial capability cannot be evaluated by considering your educational pedigree, skills, and experience as sufficient data for this all-consuming business leap. [read more]