Courage.

An entrepreneur needs to have courage to withstand the ups and downs that come along with being an entrepreneur. Many times entrepreneurs might have to withstand financial difficulties such as debt or even bankruptcy.

For instance, let’s focus on entrepreneurs who are involved in home based businesses. Entrepreneurs go through a lot to create a successful home based business. And that’s because a thriving and lucrative home based business doesn’t just happen over night. It takes time and sometimes sweat. Sometimes there may even be tears. A home based business is a great way to make money, but often it isn’t simple or easy. That’s why entrepreneurs need to have courage. Starting and maintaining a home based business can get rough at times.

Discipline.

Often entrepreneurs have to put in long nights or get up early in the morning to run their home based business. Many people who are starting home based businesses are beginning them while working a fulltime job outside of the home. And it really takes discipline to work with hours like that. Often the budding entrepreneur is tempted to fall asleep during late hours when he or she should be getting work done. The budding entrepreneur is often swayed to quit when things don’t look like they are going very well. But with discipline every entrepreneur will stay up all night working if that’s what it takes.

Working from home is different from working in an office somewhere. You won’t have your boss watching over you. The only boss you’ll have is yourself. So you have to try very hard not to go too easy on your self. Give yourself just as hard a time as your boss would give you if you worked somewhere else. Tell yourself you can’t take a nap until the work is finished.

Motivation

Entrepreneurs need to be motivated. It takes some real “get up and go” to work from home. Working from home isn’t something that everyone does. So the entrepreneur has to be motivated to do things a little differently from the crowd.