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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 March 29, 2021

5 Types of Horrible Bosses and How to Beat Them All

5 Types of Horrible Bosses and How to Beat Them All

When I left university I took a job immediately, I had been lucky as I had spent a year earning almost nothing as an intern so I was offered a role. On my first day I found that I had not been allocated a desk, there was no one to greet me so I was left for some hours ignored. I happened to snipe about this to another employee at the coffee machine two things happened. The first was that the person I had complained to was my new manager’s wife, and the second was, in his own words, ‘that he would come down on me like a ton of bricks if I crossed him…’

What a great start to a job! I had moved to a new city, and had been at work for less than a morning when I had my first run in with the first style of bad manager. I didn’t stay long enough to find out what Mr Agressive would do next. Bad managers are a major issue. Research from Approved Index shows that more than four in ten employees (42%) state that they have previously quit a job because of a bad manager.

The Dream Type Of Manager

My best manager was a total opposite. A man who had been the head of the UK tax system and was working his retirement running a company I was a very junior and green employee for. I made a stupid mistake, one which cost a lot of time and money and I felt I was going to be sacked without doubt.

I was nervous, beating myself up about what I had done, what would happen. At the end of the day I was called to his office, he had made me wait and I had spent that day talking to other employees, trying to understand where I had gone wrong. It had been a simple mistyped line of code which sent a massive print job out totally wrong. I learn how I should have done it and I fretted.

My boss asked me to step into his office, he asked me to sit down. “Do you know what you did?” I babbled, yes, I had been stupid, I had not double-checked or asked for advice when I was doing something I had not really understood. It was totally my fault. He paused. “Will you do that again?” Of course I told him I would not, I would always double check, ask for help and not try to be so clever when I was not!

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“Okay…”

That was it. I paused and asked, should I clear my desk. He smiled. “You have learnt a valuable lesson, I can be sure that you will never make a mistake like that again. Why would I want to get rid of an employee who knows that?”

I stayed with that company for many years, the way I was treated was a real object lesson in good management. Sadly, far too many poor managers exist out there.

The Complete Catalogue of Bad Managers

The Bully

My first boss fitted into the classic bully class. This is so often the ‘old school’ management by power style. I encountered this style again in the retail sector where one manager felt the only way to get the best from staff was to bawl and yell.

However, like so many bullies you will often find that this can be someone who either knows no better or is under stress and they are themselves running scared of the situation they have found themselves in.

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The Invisible Boss

This can either present itself as management from afar (usually the golf course or ‘important meetings) or just a boss who is too busy being important to deal with their staff.

It can feel refreshing as you will often have almost total freedom with your manager taking little or no interest in your activities, however you will soon find that you also lack the support that a good manager will provide. Without direction you may feel you are doing well just to find that you are not delivering against expectations you were not told about and suddenly it is all your fault.

The Micro Manager

The frustration of having a manager who feels the need to be involved in everything you do. The polar opposite to the Invisible Boss you will feel that there is no trust in your work as they will want to meddle in everything you do.

Dealing with the micro-manager can be difficult. Often their management style comes from their own insecurity. You can try confronting them, tell them that you can do your job however in many cases this will not succeed and can in fact make things worse.

The Over Promoted Boss

The Over promoted boss categorises someone who has no idea. They have found themselves in a management position through service, family or some corporate mystery. They are people who are not only highly unqualified to be managers they will generally be unable to do even your job.

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You can find yourself persistently frustrated by the situation you are in, however it can seem impossible to get out without handing over your resignation.

The Credit Stealer

The credit stealer is the boss who will never publically acknowledge the work you do. You will put in the extra hours working on a project and you know that, in the ‘big meeting’ it will be your credit stealing boss who will take all of the credit!

Again it is demoralising, you see all of the credit for your labour being stolen and this can often lead to good employees looking for new careers.

3 Essential Ways to Work (Cope) with Bad Managers

Whatever type of bad boss you have there are certain things that you can do to ensure that you get the recognition and protection you require to not only remain sane but to also build your career.

1. Keep evidence

Whether it is incidents with the bully or examples of projects you have completed with the credit stealer you will always be well served to keep notes and supporting evidence for projects you are working on.

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Buy your own notebook and ensure that you are always making notes, it becomes a habit and a very useful one as you have a constant reminder as well as somewhere to explore ideas.

Importantly, if you do have to go to HR or stand-up for yourself you will have clear records! Also, don’t always trust that corporate servers or emails will always be available or not tampered with. Keep your own content.

2. Hold regular meetings

Ensure that you make time for regular meetings with your boss. This is especially useful for the over-promoted or the invisible boss to allow you to ‘manage upwards’. Take charge where you can to set your objectives and use these meetings to set clear objectives and document the status of your work.

3. Stand your ground, but be ready to jump…

Remember that you don’t have to put up with poor management. If you have issues you should face them with your boss, maybe they do not know that they are coming across in a bad way.

However, be ready to recognise if the situation is not going to change. If that is the case, keep your head down and get working on polishing your CV! If it isn’t working, there will be something better out there for you!

Good luck!

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