What It Takes to Be an Entrepreneur
If you want to know what it takes to be an entrepreneur, you may want to take my advice here.
I can tell you, I have a friend (let’s call him Sam) who would love to start his own online business.
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He thinks he can make 6 figures within his first year of operation.
Sam is a “Wantrepreneur”
Folks, you don’t want to be like Sam.
You never want to be called a “Wantrepreneur”!
My friends, if you ever do you will be cursed with the dreaded “Wantrepreneur’s Disease”!
There is a great chance if you are ambitious enough and have been exposed to B-celebrity red carpet “stars” walking the red carpet who happened to land in the New York Post on Pg. 6, then there have definitely been times in your life you’ve felt like Sam.
Sam is a man who aspires to achieve mind-boggling success. Like his role models who walk the red carpet. Not that there is anything wrong with having lofty goals.
For all of his lofty ambitions, Sam has trouble ever starting his own business because he thinks in order to be a “real entrepreneur” one is required to:
Herein lies Sam’s problem.
He waits. And he does nothing.
But here’s the part that drives me absolutely insane:
He keeps talking about how successful he’s going to be.
One day. Perhaps.
Is he schizophrenic?
Not at all, Sam just has himself a serious case of Wantrepreneur’s Disease.
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What is Wantreprenuer’s Disease?
Wantrepreneur’s disease is when you are waging a constant internal battle within yourself that you aren’t connected enough, rich enough, or smart enough to have earned your place at the Las Vegas Convention of Entrepreneurs, and eventually someone is going to call your bluff.
Compare yourself of having “wantrepreneur’s disease” to being a bank robber who wears a flimsy camouflage suit who is only seconds away from being called out.
Or a Ponzi-scheme operator doing business cloak-and-dagger style during the dark of night where the police are only steps from turning a corner, hauling your ass off to jail in handcuffs like Bernie Madoff, and exposing your entire life to the public as a fraud.
So you freeze.
You stop taking risks.
And you do everything in your power to prove to yourself it is true.
And you know what?
Everything you ever imagined becomes a self-fulfilling prophecy.
In the end, you wind up self-sabotaging your dreams.
And you live a life of lost opportunities forever.
Now Imagine this…
You are a prolific writer who is trying to become a major social media influencer. You have worked long hours, days, and weeks writing great Content, and shared your blog posts on the major social media platforms.
As a result of your hard earned efforts, you gained your first 2,500 new followers on Instagram…
One day out of nowhere a troll leaves a comment that reads, “You’re a fake. You’re writing blows - and I bet you never even finished your associate’s degree in college.”
You’ve been working hard and doing phenomenal work… but you now decide to shut down your Instagram account because you view this troll’s comment as gospel.
Now you have become so concerned about what others think it paralyzes you. Even though you have made MASSIVE progress
Here is the problem. Most people who suffer from the dreaded Wantrepreneur’s Disease choose the WRONG way to deal with it.
They either try to ignore their dreaded disease and they live in a constant state of fear and anxiety, frozen by what other people will think of them...
Worse even, they decide to stay small because they think it’s safer to stay small than losing the respect of their peers in case their cover is ever blown.
You can’t embarrass yourself if you never try.
Isn’t that right?
What kind of logic is this?
And what kind of a way is that to LIVE?
Living in Dark Denial
Lock the cell doors, pull the blinds down. You might as well live hidden away in a dark room behind bars with multi-locks on every door and security cameras everywhere, so there can be no way you will ever feel the sting of your worst critics. Or ever feel any pain.
You soon realize you are living in dark denial.
All the fun ceases the day it dawns on you how difficult it is to return to center stage.
Here, let me demonstrate to you the wrong ways to deal with Wantrepreneur’s Disease and how certain strategies will backfire.
Then I will show you an alternative solution that can bring you success by working smarter, not harder.
Wantrepreneur Failed Strategies
Strategy Fail 1: “Let me try harder than everyone else”
This rarely ever works.
Hustle and grind can only go so far.
No one will ever hand out gold medals (or money) to the internet marketer who “wakes up with bloody fingers” because he/she fell asleep while writing a "War and Peace" novel on their laptop”.
Longer hours or effort might give you temporary relief from your fears…
However there is simply no way your sleep-deprived body and mind will ever be capable of harnessing your inner creativity to create the breakthrough business ideas that will help you escape working for your employer.
This kills you from ever permanently being able to be your own boss.
What’s the Solution?
Harness the Pareto Principle. Apply the 80/20 rule.
Scientific studies show you get 80% of your results from 20% of your effort.
Stop measuring your success on the quantity of hours you work in front of a computer and put your focus on the quality of your ideas.
Place aside the “busy work” that’s been eating you up every day.
Set a timer for two hours and get laser focused on achieving the tasks that will create the biggest results for you in a short amount of time.
Timed activities turn you into an efficient engine, and drive revenue to your business today, not tomorrow).
Strategy Fail 2: “Let me wait until the conditions are perfect. Then I’ll start.”
Wantrepreneurs believe that tomorrow is always the perfect time to start a business. They stall because they convince themselves they don’t have enough capital or connections to start their business today.
Instead of taking steady daily actions that will bring them closer to success, they make daily excuses by convincing themselves they need to read more books, attend more seminars, and wait for a “fail free” window to appear.
Yet the perfect conditions will never exist. The worst thing you can do is wait, because waiting prevents you from learning the lessons that only setbacks will best teach you.
Waiting prevents you from failing your way to success.
What’s the Simple Solution?
Follow Michael Masterson’s advice: “Ready, Fire, Aim!”
In other words, act now and fine tune later.
Rather than perfecting your plans, start taking imperfect action today.
By taking such actions, you will quickly begin to embrace your failures and gain the invaluable knowledge that only experience can teach you.
Sure, this will require some planning.
Then act upon the plan.
95% of the time, no one will ever take notice or care less when you don’t nail it the 1st time, the 2nd time… or even the 20th time.
People are too invested in their own activities to pay attention.
Embrace the fact that failure is good for you right now, or put your dreams of running an online business permanently on the shelf.
Otherwise the perfectionism you’re seeking is going to drive your dreams six feet under the ground.
My 5 Keys: What It Takes to be an Entrepreneur
If you want to know what it takes to be an entrepreneur and a successful one, then don’t succumb to Wantrepreneur’s Disease.
The greatest and most ambitious entrepreneurs have looked “fear” straight in the eye.
Every single one.
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It is all about how you deal with “Wantrepreneur’s disease” that separate the successful entrepreneurs who run enterprising businesses and earn the greatest rewards.
This knowledge can save 15 years of your life wishing and thinking all you could’ve done before giving up on their dreams.
Here are my 5 Keys for what it takes to be an entrepreneur:
Keep in mind it doesn’t really doesn’t matter how many of your family members and friends make you feel like a strange pariah who can no longer work a traditional job.
Regardless how worried you may become about any fear of failure, or even a fear of life-changing success, don't ever let this stop you.
Don’t succumb to the dreaded wantrepreneur’s disease.
Avoid this like the plague.
Conclusion: What It Takes to Be an Entreprenuer
You know you've got the talent and drive living deep inside you.
You’ve got what it takes.
Dig down deep and find your inner entrepreneur, one-step-at-a-time, and you will start to achieve success and passive income creation.
Success is only a few stokes away.
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Now that you know what it takes to be an entrepreneur....
You simply will make it happen.