entrepreneur vs. wantrepreneur

“What’s The Difference Between An Entrepreneur Vs. Wantrepreneur?”

Is this the age of the entrepreneur?

It seems like everyone and their grandma refer to themselves as one.

But what does an entrepreneur actually do?

Many people attach themselves to the emotions surrounding this word without understanding its purpose.

The word “entrepreneur” describes certain behaviors and actions.

These simple behaviors have been blown out of proportion by the myths of Steve Jobs and Elon Musk.

They are the archetypes many aspire to be.

However, entrepreneurship is largely misunderstood.

Everyone thinks they have to have “the next big idea” or start a massive corporation to run their own business.

Turns out, you don’t even need a fancy title or formal education to make big money.

As you’ve realized, the ones most vocal about their “entrepreneur” identity are likely wantrepreneurs.

What’s the difference between an entrepreneur and a wantrepreneur?

Let’s discuss.

Entrepreneurs vs. Wantrepreneurs

(The Millionaire Fastlane Is A Great Resource On The Topic)
Value-Add:

  • Wantrepreneurs want to start with a billion dollar idea
    (i.e. be the next Facebook or Uber).
  • Entrepreneurs start by offering a proven service and scaling up.

Unique Selling Proposition:

  • Wantrepreneurs aim to re-invent the wheel.
  • Entrepreneurs improve an existing edge.

Strategy:

Paperwork:

  • Wantrepreneurs print business cards before they even make a sale.
  • Entrepreneurs don’t register their businesses until they have cash flow.

Networking:

  • Wantrepreneurs love the illusion of action “networking events” afford.
  • Entrepreneurs understand they must first become someone worth knowing.

Mindset:

Funding:

  • Wantrepreneurs beg for VC funds before they’ve even tested the market.
  • Entrepreneurs start with low-cost brand building by reinvesting profits.

Passion:

  • Wantrepreneurs place passion over market need (vanity projects).
  • Entrepreneurs solve a market need first and use success to fuel their passions.

Set-Up:

Getting Their Hands Dirty:

  • Wantrepreneurs view themselves as “above” working behind the counter.
  • Entrepreneurs understand they can’t lead others on a task unless they can do it themselves.

P.S. Click The Button Below To Learn How To Make Your Own Money For Real.

2 thoughts on ““What’s The Difference Between An Entrepreneur Vs. Wantrepreneur?””

  1. Pingback: The Value Of Bootstrapping Your Biz - Mister Infinite

  2. Pingback: A Multi-Billion Dollar Business Lesson From Red Bull - Mister Infinite

Leave a Comment

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.