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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 December 10, 2019

7 Strategies to Keep Employee Motivation High

7 Strategies to Keep Employee Motivation High

Highly motivated employees are essential to the success of any business. Most people spend a third of their lives at work.[1] That’s a significant amount of time away from home, apart from the people who make us happy and the things we love to do. So keeping employee motivation high is essential for creating an office environment that gets the best out of our people.

But do you know what motivates your people?

It’s simple:

  • Is their work stimulating?
  • Does it challenge them?
  • Is there room to grow, a promotion perhaps?
  • Do you encourage creativity?
  • Can they speak openly and honestly with you?
  • Do you praise them?
  • Do you trust your staff to take ownership of their work?
  • Do they feel safe in their work environment?
  • And more importantly, do you pay them properly?

Every one of these factors contributes to the general happiness of your employees. It’s what motivates them to come into the office each day and work hard, hit goals, and get results.

In contrast, an unmotivated employee is typically unhappy. They take more sick days, they’re not invested in seeing your business succeed, and they’re always on the lookout for something better.

Stats show that 81 percent of employees would consider leaving their jobs today if the right opportunity presented itself.[2] So it’s up to you to set aside time and energy to create a work environment that benefits every one of your employees.

These seven strategies will help you motivate your people to consistently deliver quality work and, more importantly, to stick around for the long term.

1. Be Someone They Can Rely On

You rely on your people to turn up to work each day, to come to you when they have a problem they can’t solve, to be honest, and to always engage professionally with customers.

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But this is not a one-way street. You, too, need to be someone your team can rely on. They trust you to have their backs when a client is unreasonable, to know that the decisions they make are in your best interest, and to make good on your promises.

If you say you’ll attend an important meeting, be there. If your company makes a profit and you’ve said you’ll pay a bonus, pay it. The goodwill of your people is something you never want to test, let alone lose.

Be reliable; it’s astounding how much this motivates your people.

2. Create an Awesome Company Culture

There’s no denying that company culture trickles down from the top. Your leadership and attitude massively influences the attitudes, work ethic, and happiness of your staff. If you’re always stressed-out, overly demanding, and unreasonable, it’ll create tension in your office which will adversely affect your employees’ motivation levels.

In fact, the HAYS “US What People Want Survey” found that 47 percent of staff who are actively looking for a new job, pinpoint company culture as the driving force behind their reason to leave.

So if you have high staff turnover, you need to determine whether your company culture might be the motivating factor behind your churn rate.

Here are four ways to build a culture that keeps your employees highly motivated.

  • Be conscious of the image you present. Your body language and attitude can positively or negatively impact your employees. So come to work energized. Be optimistic, friendly, and engaging—this enthusiasm will spill over to your people and motivate them to be more productive and efficient.
  • Appreciate your people and be reasonable. Celebrate your team’s achievements. If they’re doing a good job, tell them. Encourage them to challenge themselves and try new things. And reward when deserved. If they’re struggling, help them. Work together to find solutions and be a sounding board for their ideas.
  • Be flexible. Give your people opportunities to work remotely—this is highly motivating to staff, particularly millennials. They don’t want to be battling traffic each day on their way to work. They don’t want to miss their kids’ baseball games or ballet rehearsals. Stats show that companies that offer flextime and the ability to work from home or a coffee shop have happier and more productive employees.
  • Create employee-friendly work environments. These are spaces that inspire and ignite the imagination. Have you ever been to Google’s offices? No headquarter is the same. From indoor slides and food trucks, to hammocks, and funky work pods on the wall, gaming rooms, and tranquil interior gardens, there’s something for everyone. It’s a space where people want to be, catering to their need for creativity, quiet, or team building; you name it.

So take a look at your company culture and ask yourself, Is my business an attractive workplace for talented professionals? Does it inspire commitment and motivate my people? What could I do to improve my company culture?

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3. Touch Base with Your Team Weekly

Make time for your people, whether you run a remote business or work in an office, set aside time each week to talk to your people one-on-one. It’s non-negotiable.

When there’s an open line of communication between staff members, work gets done. Don’t believe me? A study by Gallup found that 26 percent of employees said feedback from their leaders helps them to do a better job.[3]

Your people want to feel trusted. They want to take ownership of their work, but they also need to know that when they have a question, they can reach out and get answers. If you’re unwilling to make yourself available, your team will quickly become unmotivated, work will stagnate, and your business will stop growing.

So block off time on your calendar each week to touch base with your people, even if only to let them know that what they’re working on matters.

4. Give Them the Tools They Need to Do Their Jobs Well

Imagine trying to run your business without electricity. How would you contact your clients? What would happen when your phone or computer battery died?

Technology is super critical to the success of your businesses. It allows you to work more efficiently, to be more productive, and to handle matters on-the-go. That’s why you need to give your people tools that will make their jobs easier.

Make sure their equipment is in good working condition. There’s nothing more frustrating than a laptop that takes ages to boot up. It’s got to go. Replace outdated software with new software. Don’t make your designer work in Coreldraw; give them access to the most up-to-date version of Adobe Creative Suite. Take it a step further and buy them a subscription to Shutterstock or Getty Images.

Make working for you a pleasure, not a pain; and watch your employees’ motivation levels rise.

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5. Provide Opportunities to Learn and Upskill

Would you believe me if I told you that 33 percent of people cite boredom and a need for new challenges as the top reason for leaving their job?[4] If you want to retain your talent, you need to upskill.

Thanks to technology, we live in a rapidly evolving world that demands we change with it. A copywriter is no longer just a writer; they now need to be experts in SEO, Google Adwords, CRMs, and so much more.

A pastry chef needs to be a food stylist, photographer, and social media manager. An entrepreneur needs to be a marketer—or at least take ownership of the marketing message for their business—if they hope to scale.

Technology makes all of this possible. No matter your location, your people can continuously expand their knowledge and gain new skill sets—something that’s highly motivating to employees. They want to know that there are opportunities to grow and develop themselves.

If you won’t invest in your people, then your business becomes just another job to tide them over until they find where they truly belong. So be the company that sees value in developing its people.

6. Monitor Their Workload

Overworked employees tend to be unproductive and unhappy. Your people cannot be at full capacity every day, month to month. Something’s got to give. They’ll become deflated and their work will eventually suffer, which will negatively impact your business.

What I like to do is implement a traffic light system. It helps me to keep a finger on the pulse of my business. So there’s red, yellow, and green:

  • Red means they’re fully loaded.
  • Yellow means they’re busy, but they can potentially take on more.
  • Green means they haven’t got enough to do.

I use this traffic light system because I don’t want my team members to be stressed out of their brains all the time. If they are, they won’t make good decisions and they won’t do good work.

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If my people are regularly overloaded, I have things to think about. Perhaps I need to hire a new person to help ease the load or take a closer look at what projects are good to go, and which can take a back seat.

And this is why #3 is essential. If I’m regularly engaging with my people, I’ll know that while they’re coping with their workload, it is impacting their performance and health, and I’ll take action.

7. Don’t Mess Around with Your Employees’ Pay

Never mess around with your people’s salary. As a business owner or high-level manager, it’s easy to forget that most people live from paycheck to paycheck. Delayed compensation can mean a missed bill payment, which could result in costly penalties they can’t afford or hits to their credit score.

So it’s your job to ensure that you pay your people on time.

The Bottom Line

A motivated team is an asset to any business. These people never give up. They get excited about coming to work each day and can’t wait to test a new theory or tackle a particularly tricky challenge. They’re proud of the work they do. And more importantly, they have no reason to leave.

Wouldn’t you rather be part of their success story than the business that drove them away?

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Featured photo credit: Emma Dau via unsplash.com

Reference

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