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7 Traits Separating an Entrepreneur from a Wantrepreneur

7 Traits Separating an Entrepreneur from a Wantrepreneur

Most of you say you’re an entrepreneur, or planning to become an entrepreneur, but are you really who you think you are?

Most of the people don’t want to be an entrepreneur, they just kinda-want it. They put half-hearted efforts into their business and are not really passionate. Also, in most cases, they do it because these days society has created a notion that ‘entrepreneurship is cool’.

Well, sorry to disappoint, but that’s so not the case. If you’re anything like what I mentioned above, you’re a wantrepreneur. What that means is you just want to be an entrepreneur but don’t have the following traits that separate a wanna-be from the real thing.

An Absolute Purpose

Real entrepreneurs have a purpose embedded deep within themselves which holds greater importance to them than anything else. They’re willing to sacrifice anything at all. Unlike, wantrepreneurs who have no purpose and give up easily on themselves, no storm is strong enough to waver them from their path.

Elon Musk’s purpose is to increase the human life span. A purpose so strong is what keeps this man’s drive alive allowing him to hustle all out 80-100 hours a week.

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Remember this: Motivation is doomed to exhaust sooner or later. Purpose is what keeps one going.

Focus On Opportunities Not The Risk

Unlike wantrepreneurs, who usually tend to avoid things because ‘it’s risky’ and ‘unpredictable’; entrepreneurs have the courage to take the plunge. They’re not afraid of new opportunities and are willing to risk almost anything regardless of how irrational it may seem to anyone else.

They don’t skip or intentionally overlook opportunities just because their hands will get dirty. An entrepreneur just believes in themselves and takes the plunge. If it resonates with an entrepreneur — it has to be done.

Sense of Urgency

Entrepreneurs have this unfathomable sense of urgency that makes them unstoppable and many times apparently unreasonable. They have a drive to do stuff. Wantreprenuers plan on doing things, umm.. later? Don’t stay stuck in the idea stage. If you wait until the right time, you’re a wantrepreneur. By the time you’re ‘ready’ the market is out there already on fire and entrepreneurs who took action when you were planning are leveraging it.

The richest place on Earth is the graveyard, because in the graveyard you’ll find ideas that never became reality. Be impatient. If you think something can be done, just do it. You’re not the only one, believe me.

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Sleep is for Suckers

They don’t care if they’ve to run short of some sleep for a day, week, month, or even year. They know, their dream is more important and they cannot afford to waste their time dreaming when they can just get up and make it a reality.

Thomas Edison slept only for 3 hours and his success is evident. He had more hours than any average purpose to go after his goals. You don’t have to be that extreme. Plan for yourself and see if you can manage well with less sleep. Try to push yourself.

When the situation demands it make sure you don’t fall short of the necessary hours. This doesn’t mean you don’t prioritize the time your body needs to recuperate but never lose on an opportunity because you choose to hit that snooze button.

They Know Nothing

Socrates said, “I know that I am intelligent, because I know that I know nothing.”  The wisest people know they know nothing. Unfortunately, a wantrepreneur is complacent and believes that they know ‘enough’. The very day you believe that you know enough, you’ll inevitably fail.

Warren Buffett, one of the greatest investors this world has ever seen, spends 80% of his working time reading. Now, pause and reflect. What is that something this 85 year old legend doesn’t know?

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Read books, attend seminars, go to workshops — just continue to learn.

They Don’t Give Their Best

What I mean is, they don’t believe “I’ll just give my best; it’s cool if it works out” or “I’ll try”. That’s a big no-no. They haven’t taken the entrepreneurial path to foster their ego and boast on social media like a wantrepreneur, but to do something, to get something, and to give something.

Real entrepreneurs, as Grant Cardone says, “Approach every situation with a whatever it takes mindset”. Yes, many times things may not work, but that doesn’t mean you’ll give up.

Henry Ford was building cars with technology that didn’t exist in his time. He just knew he had to create cars a middle-class person could own no matter what it took. He kept forging on, and today he’s a legend whose work is never to be forgotten.

Tomorrow is Not in Their Calendar

Whatever is supposed to be done, it’ll be done today. As my high-school teacher used to say, “tomorrow is just a convenient excuse.” A wantrepreneur will always seek reasons as to why they can’t start today. The only reason why you’ll not start today is you, no one else.

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If you believe in your idea and have a strong purpose driving it then you’re unstoppable. Don’t wait until you get your company certificate or reply back from the investor or anything. Let no excuse be a hindrance to your success.

Change today. It’s possible. Scrutinize the above points and contemplate who you are.

“Do what you can with what you have and where you are because what you’ve is plenty.” — Theodore Roosevelt

Manifest your dream. Five years down the line you will wish you started today. If it’s hard, then do it hard. Don’t get beaten because you beat yourself.

Get started TODAY!

Featured photo credit: Viktor Hanacek via picjumbo.com

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Last Updated on August 20, 2019

How to Find New Growth Opportunities at Work

How to Find New Growth Opportunities at Work

Career advancement is an enticement that today’s companies use to lure job candidates. But to truly uncover growth opportunities within a company, it’s up to you to take the initiative to move up.

You can’t rely on recruiter promises that your company will largely hire from within. Even assurances you heard from your direct supervisor during the interviewing process may not pan out. But if you begin a job knowing that you’re ultimately responsible for getting yourself noticed, you will be starting one step ahead.

Accomplished entrepreneur and LinkedIn Co-Founder Reid Hoffman said,

“If you’re not moving forward, you’re moving backward.”

It’s important to recognize that taking charge of your own career advancement, and then mapping out the steps you need to succeed, is key to moving forward on your trajectory.

Make a Point of Positioning Yourself as a Rising Star

As an employee looking for growth opportunities within your current company, you have many avenues to position yourself as a rising star.

As an insider, you’re able to glean insights on company strategies and apply your expertise where it’s most needed. Scout out any skills gaps, then make a point to acquire and apply them. And, when you have creative ideas to offer, make it your mission to gain the ear of those in the organization who can put your ideas to the test.

Valiant shows of commitment and enterprise make managers perk up and take notice, keeping you ahead of both internal and external competitors.

Employ these other useful tips to let your rising star qualities shine:

1. Promote Your Successes to Your Higher-Ups

When your boss casually asks how you’re doing, use this valuable moment to position yourself as indispensable: “I’m floating on clouds because three clients have already commented on how well they like my redesign of the company website.”

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Tell your supervisors about any and all successes. Securing a new contract or signing a new customer should be a cause for celebration. Be sure to let your bosses know.

2. Cultivate Excellent Listening Skills

Listen well, and ask great questions. Realize that people love to talk about themselves.

But if you’re a superb listener, others will confide in you, and you’ll learn from what they share. You may even find out something valuable about your own prospects in the company.

If others view you as even-minded and thoughtful, they’ll respect your ideas and, in turn, listen to what you have to say.

Check out these important listening skills: 13 Powerful Listening Skills to Improve Your Life at Work and at Home

3. Go to All Office Networking Events

Never skip the office Christmas party, your coworker’s retirement party, or any office birthday parties, wedding showers, or congratulatory parties for colleagues.

If others see you as a team player, it will help you rise in your company. These on-site parties will also help you mingle with co-workers whom you might not ordinarily have the chance to see. For special points, help organize one or two of these get-togethers.

Take the Extra Step to Show Your Value to the Company

Managers and HR staff know that it can be less risky – and a lot less costly — to promote from within. As internal staff, you likely have a good grasp of the authority structure and talent pool in the company, and know how to best navigate these networks in achieving both the company’s goals and your own.

The late Nobel-Prize winning economist, Gary Becker, coined the term “firm-specific,” which describes the unique skills required to excel in an individual organization. You, as a current employee, have likely tapped into these specific skills, while external hires may take a year or more to master their nuances.

Know that your experience within the company already provides value, then find ways to add even more value, using these tips:

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4. Show Initiative

Commit yourself to whatever task you’re given, and make a point of going above and beyond.

Position yourself so that you’re ready to take on any growth opportunities that present themselves. If you believe you have skills that have gone untapped, find a manager who will give you a chance to prove your worth.

Accept any stretch assignment that showcases your readiness for advancement. Stay late, and arrive early. Half of getting the best assignments is sticking around long enough to receive them.

5. Set Yourself Apart by Staying up on Everything There Is to Know About Your Company and Its Competitors

Subscribe to and read the online trade journals. Become an active member in your industry’s network of professionals. Go to industry conferences, and learn your competitors’ strategies.

Be the on-the-ground eyes and ears for your organization to stay on top of industry trends.

6. Go to Every Company Meeting Prepared and Ready to Learn

A lot of workers feel meetings are an utter waste of time. They’re not, though, because they provide face-time with higher-ups and those in a position to give you the growth opportunities you need.

Go with the intention of absorbing information and using it to your advantage — including the goals and work styles of your superiors. Respect the agenda, listen more than you speak, and never beleaguer a point.

Accelerate Your Career Growth Opportunities

A recent study found that the five predictors of employees with executive potential were: the right motivation, curiosity, insight, engagement, and determination. These qualities help you stand out, but it’s also important to establish a track record of success and to not appear to be over-reaching in your drive to move up in your company.

Try to see yourself from your boss’s position and evaluate your promote-ability.

Do you display a passion and commitment toward meeting the collective goals of the company? Do you have a motivating influence with team members and show insight and excellence in all your work?

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These qualities will place you front and center when growth opportunities arise.

Use these strategic tips to escalate your opportunities for growth:

7. Find a Mentor

With mentorship programs fast disappearing, this isn’t always easy. But you need to look for someone in the company who has been promoted several times and who also cares about your progress.

Maybe it’s the person who recommended you for the job. Or maybe it’s your direct supervisor. It could even be someone across the hall or in a completely different department.

Talk to her or him about growth opportunities within your company. Maybe she or he can recommend you for a promotion.

Not sure how to find the right mentor? Here’s How to Find a Mentor That Will Help You Succeed.

8. Map out Your Own Growth Opportunity Chart

After you’ve worked at the company for a few months, work out a realistic growth chart for your own development. This should be a reasonable, practical chart — not a pie-in-the-sky wish list of demands.

What’s reasonable? Do you think being promoted within two years is reasonable? What about raises? Try to inform your own growth chart with what you’ve heard about other workers’ raises and promotions.

Once you’ve rigorously charted a realistic path for your personal development within the company, try to talk to your mentor about it.

Keep refining your chart until it seems to work with your skills and proven talents. Then, arrange a time to discuss it with your boss.

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You may want to time the discussion around the time of your performance review. Then your boss can weigh in with what he feels is reasonable, too.

9. Set Your Professional Bar High

Research shows that more than two-thirds of workers are just putting in their time. But through your active engagement in the organization and commitment to giving your best, you can provide the contrast against others giving lackluster performances.

Cultivate the hard skills that keep you on the cutting edge of your profession, while also refining your soft skills. These are the attributes that make you better at embracing diverse perspectives, engendering trust, and harnessing the power of synergy.

Even if you have an unquestionably left-brain career — a financial analyst or biotechnical engineer, for example — you’re always better off when you can form kind, courteous, quality relationships with colleagues.

Let integrity be the cornerstone of all your interactions with clients and co-workers.

The Bottom Line

Growth opportunities are available for those willing to purposely and adeptly manage their own professional growth. As the old adage says,

“Half of life is showing up.”

The other half is sticking around so that when your boss is looking for someone to take on a more significant role, you are among the first who come to mind.

Remember, your career is your business!

More About Continuous Growth

Featured photo credit: Zach Lucero via unsplash.com

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