Do Ex-Wall Streeters Make Good Entrepreneurs? - The ability to cope with risk and work insane hours comes in handy. [Forbes Business News]

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This is a great article. I agree with the author's premise that some of the professional training and hard working ethics translates to the spirit of entrepreneurial qualities well.

Capitalizing a new business is especially an area where an entrepreneur generally lacks expertise and so this will be a point of strength for the Ex Wall Streeter. Being able to sit down with a panel of bankers and potential investors and running through the valuation of the business as well as having named investors at one's fingertips is definitely a much enviable trait for any new entrepreneur.

However, there is a danger to this as well. An overly aggressive and premature funding strategy at the outset of a new business cycle may not bear well with the conventional wisdom of staying on a tight budget. Also the lifestyle of an Entrepreneur especially in the beginning stages is not at all glamorous. Ex Wall Streeters may find that a hard day's work is not necessarily rewarded automatically and ever so easily with huge cash bonuses and lavish perks. Being able to adjust to all this while remaining steadfast to the long term goals of the business will eventually pay off. They also need to be able to take interest and understand all the functional aspects of their business even if seeking professional help in areas such as Legal and Accounting. Overall they have to be good all-rounders, try to be very cost conscious and stay close to the gravel and dirt of the business. As long as they get into business with this awareness they will do just fine.