Being an entrepreneur comes with a lot of lifestyle perks: I set my own hours, travel whenever I want, decide which projects to take on and carefully select who I work with. I can’t imagine my life any other way.
At the same time, there are plenty of inherent risks, pitfalls and opportunities for failure. In fact, an estimated 80 percent of businesses fail in their first 18 months. That’s a lot of people who set out with big ideas and dreams, only to pack it in once they don’t work out.
What distinguishes successful entrepreneurs from the 80 percent? For starters: “Real entrepreneurs know good ideas are cheap and that success comes from hard work, not a stroke of genius,” says best-selling author and entrepreneur Nir Eyal.
Think you’ve got what it takes? Take this quiz and find out.