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!

Wait just one moment, don’t sign the contract for the summer home in the Hamptons just yet. There is something you need to consider first: Is it in you to be a true entrepreneur? Do you have the stamina and the guts to earn lots of money and be rich?

To find out the truth rate yourself on the character traits listed here. Would you:

-Press on when there is no gratification, results are slow to come? In the beginning the sheer rush of owning your own business will color the way you see and feel about everything. Adrenaline will pound through your veins for days or even a month.

Then reality sinks in and you are working just as many hours as you did for your boss simply trying to keep the business afloat and there is no excitement left. Perhaps the worst part of all is the fact that you are not seeing anything in the way of results. That means there is very little to motivate you and move your business forward.

Answer me just one question: Will you keep at something even if pay off is delayed? If you can honestly answer in the affirmative then you may have what it takes to be an entrepreneur.

-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.

-Believe in yourself and your capabilities? There will be those who doubt you, unbelievably some will be your own family. They may cajole you, laugh or even berate you for what you are doing. If they can get to you the chances of you succeeding just went from slim to none.

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

-Have knowledge of the value of your products and service? A beginners biggest problem is knowing how to price their product or service. You will find them working hundreds of hours for peanuts. This occurs most frequently because of the value they put on the product or service they offer. If you tell yourself you would never pay x amount of dollars for something you are bound to price it too low to stay in business.

The thing you must keep in mind is that you are not the market nor are you the customer. If you have something good to offer your customers that adds value or convenience to their lives then you should earn accordingly. Do not worry if your prices are too high they will tell you about it.

Until that happens you should place a good value on the product or service you are offering. When you value what you are, offering you will be a good entrepreneur.

-Fix a Dilemma? This is the most important characteristic of all, are you the one to solve a problem?

Problem solving is probably the number one key to being an entrepreneur. Not only should you offer a product that solves a problem but you must be quick to solve business problems as well. You are the boss and the buck stops at your door. Be quick to unearth a problem and find the answer.

The biggest reason of all to be a problem solver however is for your customers. If you can find the thing that people are struggling with and then provide a solution you are well on your way to being a good entrepreneur.