In the early days of being a business owner, I quite regularly encouraged many friends to start a business themselves. As time went by, however, I began to realise that my well meaning advice might not be so valuable. I was beginning to be aware that not everyone is cut out for business ownership: but I also thought I would come across as ‘superior’ if I stated that fact.

But I have realised that business ownership requires a particular set of personality traits. It requires being comfortable with risk and the potential for instability or unknown outcomes. It requires being excited about the journey as much as the end result.

Often people who have never run their own business only see the ‘glamorous’ side: setting your own schedule, working from home (in some instances), being your own boss, and so on. And while these are all aspects that are positives, there are also many things that are not as easy or good as they seem: being ultimately responsible for the failure or success of a project (or in fact the whole business) or needing a high level of intrinsic motivation to keep forging ahead. But for someone who is ‘cut out’ for it, those ‘negatives’ are not a hindrance – and in fact can be what they thrive on.

The fact is, we need all personality types to keep the world turning. We need people to work in supermarkets and factories. We need teachers and mechanics. We need garbage collectors and lawyers. And we also need business owners to do what they do and wear that badge proudly!

Michelle Grice writes a weekly column for business women in The Western Weekender