Are You an Entrepreneur or a Wantrepreneur?

As we travel around the country speaking at business conference & entrepreneur gatherings, we run into a lot of people who are in love with the idea of running their own business.  They relish the idea of freedom, making their own schedule and doing something that they truly love.  Unfortunately, many of these people are what we term “wantrepreneurs” – since they aren’t ready for all the long hours and hard work that goes into running your own business.

So which are you…entrepreneur or wantrepreneur?  Here are a few ways to find out:

Failure Won’t Derail Entrepreneurs: Most start-ups and small businesses will suffer failures and setbacks along the way…it’s just part of the learning process.  Wantrepreneurs allow themselves to be knocked off course (and stay there) by the first couple of obstacles they encounter.  Entrepreneurs don’t get paralyzed by failure (or the possibility of failure), learn from their mistakes, take course corrective action and keep moving forward.

Entrepreneurs Pursue Excellence, Not Perfection: Wantrepreneurs are fascinated with perfection and can’t seem to move forward until their website, brochure, or sales presentation is perfect.  Entrepreneurs understand that “done is better than perfect”, since they understand that “perfect” is a myth on the modern business battlefield.  By seeking excellence and continually improving your product or service, you will achieve enduring success.

Entrepreneurs Don’t Get Complacent: Assuming a Wantrepreneur survives the business start-up phase, they often allow their business to stagnate once they get comfortable.  Entrepreneurs follow the Boy Scout motto…”Be Prepared!”  They realize that today’s innovative product or service may be tomorrow’s old news, so they are ready for changing market conditions, new innovations and alternative applications for what they offer.

For more information on getting the most out of your “work climate survey”, be sure to listen to this Virtual Jam Session replay.

Comments

  1. Larry,
    Great points for every business owner to keep a pulse on. You’re so right. We see this routinely in marketing work with owners, entrepreneurs and decision makers.

    It’s a tragic waste is to see an entrepreneur who is so “married” to making his/her idea “perfect” that it never gets wings and a chance to fly.

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