Question: Do you exercise good judgment?

Today, I want to address the need for good judgment for successfully sustaining your business.   Nothing has disappeared from the American landscape during my lifetime faster than good judgment. You can read all the books including mine, about starting your own business but in the end your success or failure comes down to whether you exercise good or bad judgment. Unfortunately, like experience, good judgment can’t be taught. By the time you are in your 20’s or 30’s, you have either acquired good judgment or you haven’t.

Unfortunately, like experience, good judgment can’t be taught.

Have you exercised good judgment when you look you back on your life thus far?  Do you demonstrate good judgment in choosing friends and people you like to hang around with?  How about the jobs you have taken or the lifestyle choices you have made?  How many times have your business or personal relationships ended in mistrust or contempt for another person or organization?  We all have some baggage but do you have a history of making bad judgment calls or repeating the same mistakes?

Bottom line: If you feel that you’ve been happy with your choices in life, and if you are a person who has generally exercised good judgment, there is a very, very good chance that you will succeed in self-employment.

If you want to find out about other personality traits that will measure potential success in self-employment, take the 5-minute self-employment quiz.   The higher you score, the higher your prospects for success. Or buy my book "Is Self-Employment For You? 10 Years Later" today.