So what does it take to be an entrepreneur? Is being an entrepreneur a short term investment, or is it going to last forever? Some may say that the question of “What does it take to be an entrepreneur?” seems almost silly.
I say you could be an entrepreneur, for the most part, as a short term investment. An entrepreneur could also be an investor, depending on how you look at it. I personally define a real entrepreneur as someone who can work with people and take initiative to bring ideas to fruition. If you cannot do that, you are not likely to last long as an entrepreneur.
I say a short term investment is the best way to start being an entrepreneur. Think about how many people say, “I don’t have the time to start a business.” We often end up trying to compete with our friends, family, and neighbors when we could really benefit from those resources, including time.
What if you could invest in a venture without having to wait out for something to “take off,” or for long term benefits? If you think back to the iPod and the internet, that was all about the click of a button. Yet, it took years for the concepts to evolve into the first Apple product and the World Wide Web. It took years to find a way to do so.
You can find a company, which has a great idea but lacks the vision to see it through to creating a high-value product. Some companies have tremendous resources but lack the drive and vision to see the potential in their ideas.
When you speak to entrepreneurs, they typically have a lot of questions about their business plans. The thing to remember is that if you have a strategy, the problem becomes that you are already working toward your end game. This is the opposite of a “short term investment.” The most successful entrepreneurs will always have an end game.
When you ask them, “What does it take to be an entrepreneur?” They will answer with a long term plan, with vision, and with the ability to work with people to see it through.
Yes, there will be some things that can delay you from implementing your long term plan, but if you are serious about turning your business into something big, you will figure out how to overcome those challenges. It’s like the old saying “you can’t put a price on perfection,” because with perfection comes success.
Most of the time, I have had discussions with entrepreneurs who say, “I have the entrepreneur mentality, but I just don’t have the drive to do anything.” They say they can just look at other people doing it and wonder why they don’t do it themselves. I usually bring up the fact that the great entrepreneurs get to where they are by taking calculated risks, so if they don’t want to do it, they should go at it another way. You can’t just let a great idea hang if you have the entrepreneur mindset.
Some will tell me that they “don’t need any more money.” Then, they may say, “Look at my track record. I don’t need a big return on my investment.” Then, they may claim they don’t have the vision or the business plan to support the claims.
The bottom line is, if you are willing to invest the time to learn and understand your business, you can become an entrepreneur. So, what does it take to be an entrepreneur?