Go From ‘Wantrepreneur’ 2 ‘Entrepreneur’

Wantrepreneur to Entrepreneur

What’s a “wantrepreneur”?

Honestly, this was me for quite a while.

Simply put, a “wantrepreneur” is someone who likes the lifestyle of an entrepreneur. They talk about ideas they have but never get around to executing any of them. They want the freedom of owning a small business without the sacrifice that comes with it.

It’s essentially someone who talks the talk but doesn’t walk the walk.

As I said, this was me for many years. And sometimes I still get into that mindset, where there’s lots of talk but no action.

These tips helped me in outgrowing the “wantrepreneur” mindset and move into a more entrepreneurial one. You will have to motivate yourself, but you’ll need to do that when running your own business anyway!

Here are 5 simple steps to go from “wantrepreneur” to “entrepreneur”:

1. Try EVERYTHING

Don’t be afraid to take risks.

In order to run a successful venture, you will need to know what you’re good at and what interests you. Without trying different jobs or side-projects, you will likely end up falling into the same (and unchallenging) routine.

Traditional employment is one way to gain some relevant experience that you can then use to start your own company.

There’s often a moment where your ego steps in. “I’m too good for this job,” you’ll tell yourself. “I have a college education. I’m overqualified!” THIS IS NOT TRUE.

Jobs tend to stink, but there’s always an opportunity to grow within them. That is the best reason to have a job. Wear a lot of different hats to see what you gravitate towards.

2. Find a passion

I realized I wanted to be a website owner and content writer when someone at my last job got a marketing position over me. The fact that I was upset actually illuminated the path that I wanted to go down.

Who are you jealous of? You are obviously envious of them for a reason! Find out why that is and find out if you would be passionate about doing just that.

This isn’t the only way to find a passion, but it’s certainly the one that worked for me.

Finding a passion is easier said than done, but once you are able to pinpoint one, you will be better suited to fit your skills into running your own business.

3. Find a problem that needs fixing

In essence, a business is essentially just a problem-fixer. Have a leaky faucet? There are plumbers and entrepreneurs that can come fix that for you.

Once you have skills and a passion, you next need to find out how to apply those to the greater good. Without a problem to fix you won’t have any customers. Without customers, you have no business!

Write down potential ideas every day in order to exercise your brain-muscle. Eventually, one of those ideas will pop off the page. That’s the one you turn into a business!

I listened to a podcast with Sarah Blakely (the creator of Spanxx) once, and she explained that after failed venture after failed venture, Spanx was the idea she KNEW would work.

4. Be a Do-er

Hesitation and procrastination are killers when you are looking to be an entrepreneur. Be too slow, and someone else will swoop and take your idea.

In order to move fast, have a plan of action/attack. What do you want this new business to look like in 1 year? 5 years? 10 years? What do you need to do today, tomorrow, and this week to accomplish those goals. Rome wasn’t built in a day and neither will your business.

Maybe try a vision board!

5. Commit and Focus

Your life will become hectic as you move into entrepreneurship. There will always be unexpected hiccups, things to do, and it’ll often feel like there are not enough hours in the day.

The important part is that you stick to the path. Try completing one small task at a time. Rome wasn’t built in a day, and neither will your business. If you are overwhelmed, try NOT to take a break from the project. A break could be for a few hours, then a day, then a week, and then NEVER.

Try to commit to your business so you can’t bail. Hold yourself accountable by using Google Calendar. Even form an LLC if you have to! Someone once told me that the best way to commit to something is to pay money for it! That way you can’t back out – you have some capital tied to it.

Wantrepreneur to Entrepreneur in 5 Easy Steps