Do you dream of sacking your boss? Do you feel an urge to succeed in business with just a good idea and a lot of hard work?

An unstable economy and increasing costs makes most of us too nervous to consider such a drastic move. Being a successful entrepreneur requires you have certain qualities and characteristics and a certain mindset.

That 9 year old selling lemonade on the sidewalk on a hot summer’s day is really a successful entrepreneur. He or she is betting that a cold glass of lemonade will appeal to many people walking pass. He must be sure he's got plenty of lemonade, cups to serve his product, a table and a box for his money to make change for his customers. That’s the entrepreneurial spirit.

A successful entrepreneur must have a little of the risk taking spirit. You must be willing to risk losing your capital, while realizing the opportunity can also pay off in a big way. You've got to be willing to take a chance on something, anything. You've got to be a creative thinker, decent planner, well-disciplined, organized, persuasive and lastly, well funded. A good product would certainly help as well.

Let's look at each element of a successful entrepreneur.

Do you have that risk taking spirit? Remember, if things go wrong, you stand to lose the capital you've invested. Can you accept such an outcome?

Creative, innovative thinking demands inspection of your idea from all angles. Sketch out a number of ways you might execute your plan. There is always at least several different paths. Look for flaws in each preliminary plan. A successful entrepreneur irons out the details before launching the project.

Which brings us to planning and organization - A successful entrepreneur knows that these skills are a necessity. Try to anticipate the monkey wrench you might run up against. Do your homework, and do it thoroughly. You want to eliminate every possibility for failure due to lack of planning. You must be organized and disciplined enough, along with good alternative options and routes in place when an obstacle presents.

If you can tackle your objective with these attitudes in place, you are on your way to being a successful entrepreneur.

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