How many times have you daydreamed about being an entrepreneur? Never missing a little league game, enjoying all the benefits that come with being self employed. Perhaps you can see yourself sitting on the beach sipping Mojitas as your bank balance grows.

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?

In order to be positive you should see how you rate on the following five topics, Can you / will 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.

Unfortunately, the high does not last very long. Now you are faced with working long hours trying to make a go of it and all the adrenaline has dried up. The hardest part at this point is you are working diligently without any tangible results. Leaving you with little if anything to motivate you on to your goals.

So again, I ask you: Is it possible for you to stay with something without instant rewards? If you answered yes, it is possible that entrepreneurship will be just the ticket for you.

-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.

No one is perfect and before you know it you can be neck deep in a bad concept that threatens the very life of your business. Is it in you to let go and move on to the next idea in spite of your emotional attachment to the plan? Do this part well and you are on your way to being a good 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.

It takes rock solid confidence in your idea and abilities, if you have that you can be a great entrepreneur.

-Do you have a firm grip on the value of what you are offering? This is a huge problem; many times a new entrepreneur will work their fingers to the bone for nothing. Most of the time this is a result of not valuing the solution they are providing. A new business owner has thoughts like “I would never pay that much for this product or service, so I better set a low price.”

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.

Value the solutions you provide until you hear otherwise. You may be a good entrepreneur when you get this part down pat.

-Problem solver? This is the big final question, can you solve problems?

When you are an entrepreneur problem solving must be your forte. The proverbial buck must stop with you in this business. There is no higher-level officer to do it for you. It will be all on your shoulders to find the problem and then solve it.

The main reason you have to be a problem solver is to stay in business and make a killing! Trust me if you can spot a problem in the lives of people and then solve it they will pay dearly for the answer. When you have successfully accomplished this you are a good entrepreneur.