Wantrepreneur to Entrepreneur: Where Are You At?
We hear everyone self-naming or self-classifying these days as entrepreneurs. It’s the new fad and you can even graduate with an entrepreneurial degree. But that’s not what really makes an entrepreneur. So, if you are one of those that are dabbling with the idea of becoming an entrepreneur or you’re not sure you’ve got what it takes here are my top 7 key indicators to know whether you are one or not.
Entrepreneurs – Just do it!
If you haven’t heard or seen Art Williams’ speech “Just do it” take the time and sit through this 19-minute video. His speech is not just one of the best motivational speeches out there but it’s also very enlightening as he lists what is needed to make it in business. In my opinion it also serves for other aspects of life, trust me, when you get to the part where he compares his love and commitment towards business to the love of his wife. You’ll remember my words.
For those that don’t know who Art Williams is, his real name is Arthur L. Williams Jr., better known as “Art”. He’s a former football coach turned insurance executive that has an impressive story as he founded a billion-dollar company, Primerica. Art delivered this speech in 1987 and it remains true today. It is widely used to talk about the entrepreneurial spirit and what is necessary to achieve greatness. So, less complaining and more doing please! 🙂
2. Smells Like Team Spirit
Entrepreneurs know it’s all about having a great team. They know they can’t do it alone so they look for the best of the best. Just think of these examples: Apple’s Steve Jobs and Steve Wozniak, Google’s Larry and Sergey and the most delicious partnership of all, Ben & Jerry’s, Ben Cohen & Jerry Greenfield. 🙂
Can’t beat that, right?
3. Don’t Stop
All I can say is think of Ke$ha’s song
“Don’t stop, make it pop…
Tick, tock, on the clock,
But the party don’t stop, no”
This is a marathon not a sprint, so, do you catch my drift now? You don’t stop, you keep running all day and all night long. You keep going and going like the pink bunny in flip flops we all know.
4. Business Is First
Entrepreneurs are only worried about making their business a success. There’s no space to think about what others think of them or their efforts. They have the patience to keep working on their business and understand there’s rarely immediate gratification.
Entrepreneurs understand it’s up to them. They know whether they have or don’t have investors, funding or resources they still need to keep going. You got it: you don’t stop. The employee mentality where everything is handed down to you is simply not there. An entrepreneur knows they’re like a one-person orchestra, at least until you have your team in place.
Entrepreneurs quickly adapt and change to their surroundings and the market. They keep moving whether its forward side-ways or even a step back. Just waltz it.
Starting a business is not an easy feat, especially if you’ve been an employee all your life. Changing your mindset is crucial and taking risks becomes a part of your everyday life. Surviving the first years is crucial and betting on yourself and your business is part of it.
Listen to Elon Musk talk about these seven key indicators and how he has used these to charge forward.
Elon Musk is an Engineer, Inventor, and Entrepreneur . He is the Founder and CEO of SpaceX, Co-Founder of Tesla Motors and Chairman of SolarCity. He is also Co-Founder of Zip2 and X.com (PayPal). He has stated that the goals of SolarCity, Tesla, and SpaceX revolve around his vision to change the world and humanity.
Wondering what’s a wantrepreneur?
It’s simple, it’s the opposite to everything I’ve listed in this post. Wantrepreneurs procrastinate, get discouraged easily, complain, look for shortcuts and expect quick results. They are risk-averse and fear change. They are the ones who love to create business cards, flyers and create posts on social media showing off their “success” instead of working more hours.
Where are you at? Leave me a comment below and let me know what’s your favorite key indicator.