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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 (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.

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Care is the best marketing strategy

“Nobody cares how much you know until they know how much you care.”

Theodore Roosevelt

Caring • /ˈkɛːrɪŋ/
Adjective: displaying kindness and concern for others.

Mark Twain once said, ” The best way to cheer yourself up is to try to cheer someone else up.”. Besides being the best marketing strategy, caring is truly a mutual exchange of joy and health because it not only makes someone’s life beautiful it fills the one who’s caring with joy.

The joy of caring is truly infectious, it’s said to lengthen telomere which slows ageing and increases life expectancy and longevity. Telomeres are the end caps of DNA on our chromosomes, which help in DNA replication and get shorter over time.

Research shows:

“Chronological age and biological age are not identical. The former is measured in years, whereas the latter is often indexed by telomere length … Telomeres progressively shorten with cell division (i.e., ageing) in general, but may also be replenished, or lengthened, by the enzyme telomerase.” (source)

Numerous studies have linked kindness with improved life expectancy. One such study by Doug Oman of the University of California, Berkeley, found that elderly people who regularly volunteered were 44% less likely to die over a five-year period. Even more remarkable is that those who volunteered for two or more organizations had 63% lower mortality than non-volunteers. This was a stronger factor than exercising four times a week.

Getting into any business for money alone is the quickest way to lose.

If you are getting into the business for gold it is the quickest way to fail and lose. Successful entrepreneurs often start with the issues they care about. Sometimes these are the things they would irrespective of whether they are paid to do it or not.

This is reflected in the definition of the word itself:

Genuine Entrepreneurs put the end-users first

Entrepreneurs care about the issue and the people they are dealing with is visible in their daily attitude and work. Some Entrepreneurs start by developing solutions to problems they and others face but couldn’t find any appropriate solution in the market. While others start by sharing their knowledge or passion and build a community around it.

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

What are your thoughts on caring as a marketing strategy and its effects on the entrepreneur and the customer? 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.