Are you an Entrepreneur or “Want-repeneur”?

Entrepreneurs have become rockstars. Working for no-one else has become the dream. No boss, no apologizing, no micromanaging! The Dream! Then how come only a small proportion of people succeed long term?  

Entrepreneurs risk money, time, and energy to make an idea work. If it doesn’t, months, even years of work goes down the drain. 

Imagine this: if you are asked to pay somebody $10,000 for a heads on a coin flip but to get paid the same amount if the result is a tail, would you get on the bet? 

Even if the chances of winning heads or tails in a coin flip is 50-50, most people would say “No” to the dare. Why? Because people are naturally more focused on the prospect of loss, even if their chances of winning is equally probable. 

Entrepreneurs are those people who say “Yes” to this bet. They deliberately risk failure in pursuit of something great. In short, choosing to be an entrepreneur is a privilege, but it’s also often a kamikaze mission.  

Before you march into battle, you need to be entirely confident that this is the path that you want to take. Half-confidence is a fatal error. 

Here are three questions, that when asked, will either offend the “want-repeneurs” or fire up the entrepreneurs.

Be warned, these questions are confronting. Do not read these if you’re easily offended. 

First Question: What's the real reason you're after this?

I mean the real reason. Not what you tell people. What you feel underneath it all.  

Most people are in it for the money, some for the thrill, while others purely because it’s what’s their family has always done. 

But all these lack a key ingredient: YOU 

Are you thrilled about it? Do you wake up in the morning motivated to get to work? Are you excited to show your work to people? 

Behind a successful product is a magnetic entrepreneur. But what makes them so irresistible? 

Perhaps the greatest example of this is the real Iron Man himself, Elon Musk. Musk does not pay for advertising Tesla. And when his tunnel construction business, The Boring Company, casually released flamethrowers in 2018, it was sold out at $500 a pop in under 5 days. 

Musk doesn’t need advertising. He is the brand himself! He got people to believe in him because he believes in his own his technological ambitions. 

Passion is infectious. 

Find where you passion rests and there you’ll find your “why”.

Related: 5 Ways to Keep Your Employees Happy and Productive

Second Question: Would you pay or fire yourself for the work you're currently doing? 

Most entrepreneurs in America would earn more per hour if they worked for McDonald’s.  

When you become an entrepreneur, you become your biggest hustler. Are you one to sacrifice the bulk of your time and effort into pursuing something to its end, even if that entails some personal compromises?  

A good gauge of this would be to look at how you work now. Are you doing your best at work, or just the minimum? Are you actively working on improving your skills or looking forward to playing Call of Duty on the weekends? Do you take criticism as an opportunity to see what can be worked on or as an attack on your person? 

Entrepreneurship is a large part about timing and another about character. And a good measure of character is your attitude towards work, where a majority of your time is lent to. If you are, for the most part, unable to take your work seriously, how do you expect to fare in an environment where pressure is a constant 

Can you be your own boss?  

Would you pay or fire yourself for the work you’re already doing? If the answer is the one you don’t want … what are you going to do? 

Third Question: Are you focusing on the right steps? 

Most starting entrepreneurs have their eyes set on the finish line. That’s what visionaries do! But what sets the dreamers apart from the achievers is that achievers focus on finishing the first 100 meters, and then the next.  

It’s important look at the big picture regularly but the real work is in getting it done — the right way. 

“You can’t reach the 10 floor without going to the first floor, to the second and so on. There is no elevator to success.” 

Here is where goal planning is crucial. Reverse engineer success into actionable steps to set your sails to the right direction. 

Not sure on how to do this? The Free TaskSpur app (https://www.taskspur.com) easily outlines how to reverse engineer your goals and then your intelligent assistant, Ari, will keep you on track. It’s easy, and it’s the same system people like million-dollar business mogul, Kerwin Rae, used to get his business to being worth over $50million. 

Download the app for free now to test it out.