Are You a Wantrepreneur? Hello everyone, my name is Samuel Balaoro, and welcome to the BE Mindset, a place for future leaders and personal development. If you are new here, follow us on Instagram for updates on new events happening in The BE Mindset community. This is part two of our Entrepreneurship Month. If you have not seen part one then I suggest reading that first before here because we will be discussing the people who think they are entrepreneurs but are in fact wantrepreneurs.

INTRODUCTION


INTRODUCTION

  Wantrepreneurs are everywhere. Especially in this day and age, everyone wants to be an entrepreneur. Gary Vaynerchuk calls this the #entrepreneurmovement. Now, why does everyone want to be an entrepreneur? More importantly, who is an entrepreneur and who is a wantrepreneur?

Who Are Wantrepreneurs?

  The word “wantrepreneur” is not actually a real word. It is basically a term used for people who want to be entrepreneurs. That is why it is WANTrepreneur. In reality, most entrepreneurs start off as wantrepreneurs. However, we will look at why that word has a negative connotation.

Why Are There Wantrepreneurs?


Why Are There Wantrepreneurs?

  In the last article, we gave a little introduction of what entrepreneurship is. I have mentioned a little reality check of what will it take to start a business from what Tony Robbins said. Knowing this, we can all agree that being an entrepreneur is actually really difficult. So in knowing this, why are there so many wantrepreneurs?

  It is simple really, they want the “entrepreneurial lifestyle”. You can call these people the Wannabe Entrepreneurs. They just want to have the advertised lifestyle of an entrepreneur. It’s either a nice home, a sports car, trips, and vacations, relaxing all day and partying all night. The reality is that most entrepreneurs will not get to experience this because of all the hard work being put into running their business.

  What makes this sad is that a majority of businesses fail after the first year. If they survive that, they can still fail after five years. Wantrepreneurs do not see the truth about entrepreneurship. Sometimes they might be lazy or negative. They like to criticize real entrepreneurs about what they are doing without doing anything real themselves.

Credits to Trevor Wallace for making this video. This is pretty much a literal idea of a wannabe entrepreneur.

Can You Stop Being a Wantrepreneur?


Can You Stop Being a Wantrepreneur?

  If you are a wannabe entrepreneur who is being fake about everything, becoming a real entrepreneur may be too hard for you because you first need to fix yourself as a person. However, if you are a “textbook” wantrepreneur, then you still have hope. Now you are probably wondering what is a textbook wantrepreneur.

They consumed all the content.

  This is the reason why I say most entrepreneurs started off as wantrepreneurs. When everyone is thinking about becoming an entrepreneur, they take in all the entrepreneurship content. Some may have even made this like their own religion.

  You are probably watching and listening to ALL of Gary Vaynerchuk’s content. You watch his YouTube videos and listen to his podcast. This can be any business person really, but I say Gary Vaynerchuk because a majority of people, wantrepreneurs and entrepreneurs, consume his content and he’s the most popular. Now I do not think he sparked life for wantrepreneurs on purpose, but his content makes everyone want to become an entrepreneur. Not only that, but he makes you want to hustle as well.

  I am not saying Gary Vaynerchuk is the enemy. He is a real man with real businesses under his belt. Like what I said earlier, this can be anyone. If not Gary, then probably Tony Robbins. Maybe you look up to uncle Grant Cardone. You probably even thought about moving to Mars because of Elon Musk. All I am saying is that you take in all the content.

You are learning everything you think you need.

  This in a way goes along with the first one. You are trying to learn everything you think you need in order to become an entrepreneur. The funny thing about that is that you will never be fully prepared to start your journey. What makes it worse is that you have probably studied the wrong thing. There are certain skills you need for certain businesses you are trying to achieve, so make sure that you at least have a business blueprint of where you want to go.

Either you think you don’t have enough money or you are saving money.

  This is probably what makes everyone worried about becoming an entrepreneur. Where will they get all the money? Most likely there will be no money coming in when it is a startup. In a way, it is good to save an amount of money for your startup. However, do not focus too much on the money when you are first starting out.

  If you are worried about money, you can do some things. First, you can save a certain amount for your business startup. Then you can use your main source of income from your job to help sustain your business. If more money is needed, then try to have overtime or get a side hustle. There are many side hustles available now, so pick one that’s easier for you.

How to Stop Being a Wantrepreneur


How to Stop Being a Wantrepreneur

1. Just Start NOW

  This is really what makes an entrepreneur different from a wantrepreneur. You need to start now. There is a saying, “The best time to start was yesterday. The second best is today.” You have to just do it. Stop letting fear overtake you because you will never be fully prepared. Do not think too much about the money because that is not as important as what you want to create. Most importantly, stop consuming all the content and start producing.

2. Fight Your Fears

  This goes along with the last one. The reason why I have mentioned that one first is because in order to fight that fear, sometimes you have to just jump right in. Having courage and bravery does not mean you are fearless. It just means that you had the guts to do so even when you are afraid.

  However, now that you are in you should fight those fears. We know the saying, “Fortune favors the bold”. If you are going to make smart decisions, it is best to do so when you are not afraid. The hardest thing to do is to make an emotional decision. Being said that, you should make your decisions when you can decide with your head. You should not decide when your heart is afraid or optimistic. Both can have a negative effect on your decision making, so decide on a balanced heart.

3. Give Rather Than Receive

  This becomes more true as you go along the entrepreneurship journey. It is like what I said earlier to produce instead of consuming. If you do not take action on the things you have learned, then everything becomes meaningless.

  The same can apply to start the journey. From Tony Robbins, we know that a business is 80% psychology 20% skills. Now if we look at our psychology, we probably started for ourselves. That is completely normal because you know you want to make a change in your life. However, as you go through your own journey, you begin to realize that it is not all about you. At the end of the day, what you are doing is meant to help others rather than yourself. Once you realize that you need to give more, then you will feel fulfilled.

Something to Remember


Something to Remember

  In reality, it is not bad to be a wantrepreneur. That is the starting point for most people who are thinking about becoming an entrepreneur. It is only bad if you are pretending to be someone you are not. Entrepreneurship should not be seen as a status, but merely a definition of one who really wants to make a difference. Once you convince yourself that you want to become a true entrepreneur, then take that leap of faith and you will continue to learn along the way.

CONCLUSION


CONCLUSION

  Thank you so much for joining us today. I know that many of you are excited to begin your entrepreneurship journey, but subscribe to us so you will see what else we will talk about in this subject. We also discuss topics for personal development and leadership skills. If you want to learn how to face fears, you can read more of that here. This is the BE Mindset Group and always remember to be alive, be free, be happy, be you.

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