Entrepreneur v/s Wantrepreneur (Must read before you start your business)

“With entrepreneurship becoming trendy a lot of people are calling themselves entrepreneurs who really aren’t. They should call themselves wantrepreneur instead… I promise you that getting into this game for the gold is the quickest path to long term failure.”

Gary Vee

Aren’t you fed up with seeing ads of fake Guru’s trying to sell you courses that would supposedly help you grow your business or career? But how many of them have actually succeeded in doing what they’re trying to teach?

Internet is saturated with so many wantrepreneur and fake coaches but I appeal here to not be like them. The true secret to success in entrepreneurship is to contribute to the lives of people, delivering value, being helpful, when necessary reducing a little for benefit of others, for the right cause.

Start with the right motivation

In other words, don’t be a wantrepreneur. Let’s see some examples of the wrong and the right motivations:

Terrible motives for starting a business

  1. To earn a million dollars real quick.
  2. To be famous.
  3. To work less.
  4. To get rid of responsibilities.

Right motives for starting a business

  1. To share your knowledge.
  2. To help people
  3. To build something that leaves a legacy.
  4. To create personal and financial freedom and security for yourself and your family.
  5. To monetise a passion and build a community around it.

These are the 3 key characteristics required to build sustainable influence and financial success:

  1. Commitment to service
  2. Desire to provide value
  3. A love of Teaching
the 3 key characteristics required to build sustainable influence and financial success

Also, don’t look for “get rich quick” schemes or things like downloading apps or filling quizzes (silly YouTube tips), those are not sustainable. The only way to get money from people is to solve their problem or satisfy their needs.

When people with money want something (or to get rid of something) more than their money they’ll pay any (fair) price for it. And that is the only sustainable way to be rich by the means of a business.

What are your thoughts on entrepreneur vs wantrepreneur? Let me know in the comments below. If you enjoyed the post then do share it with your loved ones, after all, sharing is caring.