You will know that you are a natural entrepreneur if you possess the following:

Passion:
All famous musicians have, at some point, really, really wanted to make it big. Music is their passion, and calling, and they are truly dedicated to the art. This drive shows up as that special something in their compositions, and is what subconsciously appeals to the masses that eventually make them famous.
If you’ve thrown away a ‘safe’ career to pursue music business, you’re probably very passionate about your brand. What you could learn from successful musicians is to channel this passion into indications that are telling of your enthusiasm. All the energy that successful musicians possess at concerts and live shows stems from their passion. Making your enthusiasm obvious in a way that fits in with your personality is very important.

Tenacity:
Three words: Never give up.
Every single musician out there who is successful today has faced his/her fair share of rejection, but hasn’t let it get to them. Off the top of my head, such artists range right from Fela back in the days, to Taylor Swift , Davido and many others. The never-say-die attitude and initiative possessed by famous artists, some of who were rejected by many major record labels before striking oil, is something every young musician/entrepreneur should aim to emulate.
Letting rejection or lack of recognition get to you is the worst thing possible, because it throws you off your game; and that pretty much ensures that you will never be appreciated and successful.

Ability to collaborate:
Being the boss doesn’t mean all the responsibility is on you. To spearhead a successful startup, you need a team you can depend on, preferably one that comprises people whose opinions you value. This takes some of the pressure off you and your co-founders. A lot of bands work because of this. For example, the members of chart-topping pop-rock act Maroon 5 have known each other since high school. The mutual trust that has inevitably developed over the years probably takes a lot of pressure off lead singer Adam Levine, especially during live performances.
In turn, you’ve got to take your team’s ideas seriously. If the team does consist of people whose judgment you value, this shouldn’t be hard. Sometimes, the desire to dominate the venture that is your brainchild might overpower all reason, and could lead to an irreconcilable argument. So many bands have gone through ugly split-ups because of power struggles between the lead vocalist and another, less prominent but equally important member.
Band members have to be able to rely on each other to hold up their own ends, as well as cover up for one another’s errors. They also have to be able to work together, to produce beautiful harmonies that are distinct, unique. It’s quite the same with an entrepreneurial venture. The ability to collaborate is a beautiful one, and very necessary indeed.

Willingness to take risks:
Artistes, in order to grow, need to challenge themselves, stretch their range and capabilities, branch out; basically, take risks. Taking calculated, small risks can lead to greater success than any other kind of move. For example, Kanye West’s shift in focus from producer to rapper in the early 2000s is the reason he is world-famous today.
It seems to me that entrepreneurs need to do the same. A shift in focus is an established move in entrepreneurship, called a ‘pivot’. If you have conclusive proof that your company can do better with emphasis on a slightly different domain, then try it out in the least damaging way possible. Small risks can’t hurt too much, and if they don’t work out, you could always return to your old focus. So many artists try out new sounds on a whole album; whether or not it works out, at least they stop thinking about ‘what-ifs’.

Personality:
This might seem completely unrelated to all my previous points, but it’s imperative that, as an entrepreneur, you have a personality. Don’t try and fabricate one; stay true to yourself, because every human being has an instinctive understanding of what’s real and what isn’t. If you, as a person, don’t quite ring true, your passion is unlikely to come off as genuine as well.
Artists that possess likeable, genuine personas that do not completely obliterate their true personalities, but rather magnify already existing traits, are more likely to be liked by people, and thus successful. While these personas can be larger-than-life, complete fakeness doesn’t work. With entrepreneurs, the larger-than-life aspect isn’t necessary, but depiction of yourself as at ease in any surrounding, and adept at the social graces, will earn you respect.

Talent:
Probably the most obvious thing on the list. Considering that you’ve decided to go independent and start up, you probably are talented, both in your field and at entrepreneurship. But, as an artiste, talent doesn’t just mean you can sing/play well; it also means that you can sing/play music that will sell, making you commercially successful. Similarly, as an entrepreneur, your product or service needs to be both exceptional and marketable. Also, you need to be talented at selling your product. To do that, you need to believe in it, and to believe in it, you need to be passionate about it. And this is where every single quality interweaves to make you a world-class entrepreneur.

It’s simply not enough for a band to play a bunch of shows and sell a ton of CDs. I mean, that kind of thing helps, but today, 99% of the time, you actually have to start side businesses to help bring in the income.” 

It’s not only a parallel lifestyle, though — music and entrepreneurship have exactly parallel skill sets. Creating compelling music in the studio and on stage is product development; developing the brand’s image and communicating it to existing and potential fans is marketing; networking and finding new opportunities is business development. Improvising is pitching.

Like entrepreneurs, musicians who can master these skills and consistently deliver a good product can make a career

People don’t realize that it takes that kind of work, though, because few realize that musicians are now wholly in charge of this business portion of their career too.

 

Believe that nothing is impossible, and your belief will help create the fact.Frizzle n Bizzle