Large number of people love the idea of becoming an entrepeneur – but not many want anything to do with the habits and sacrifices that come with it.
Today’s article, I’d like to share with you the 7 signs of a ‘wannabe-entrepreneur’.
You Don’t Use Time Well
“Time isn’t the main thing. It’s the only thing.” – Miles Davis.
Successful people know how to use their time well.
Everyone knows time is a commodity that you can never get back. However, nobody takes this knowledge to heart unlike wealthy people.
They know, for every second time is wasted – the ‘other’ guy(s) is a second closer to catch up on them.
How often do you see or hear rich people say “Stop wasting my time” or “I don’t have time for you”?
They don’t say it out of complete arrogance. They just can’t afford to waste time.
This is the reason why successful people often organize their schedule all the time. They want to get things done. They want to become more productive.
If you’re the type of person who procrastinates, or rather enjoy to take naps than to work – then you don’t understand what it takes to achieve success.
You Don’t Produce Results
Mark Cuban once said “If your business is not making money within a year, than it’s not a business – it’s a hobby.”
If you feel you’ve done everything and yet your business is not making much progress, then, what you’ve actually done is either:
- you’re repeating the same mistakes or
- you have not really done everything.
While it is important to be persistent as an entrepreneur, it’s also crucial not to repeat same mistakes and expect different outcome from it. That’s nonsense.
You Don’t Take Criticisms Well
“Your business ideas are always wrong. And it’s your job to make it less wrong.” – Elon Musk
Elon Musk pretty much sums up the life of every successful entrepreneur with this quote.
Entrepreneurs who do well often learn from the mistakes they make.
No one can get it right when starting out. You’ll make mistakes – there is no way to avoid it.
What’s important is to learn from the mistakes – and the best way to do this is to be able to handle criticisms as professional possible.
This is because criticisms are the best and cheapest form of feedbacks which can help your business to continuously improve itself.
If you’re unwilling or too stubborn to accept your mistakes, you’re never going to grow and the same goes for your business.
You Have Low Tolerance To Pain
“Every successful person has a painful story. Every painful story has a successful ending. Accept the pain and get ready for success.”
Let’s be honest, everyone wants the rewards of entrepreneurship but not many willing to go through the pain that comes with it.
Real success comes from a lot of sacrifices and nothing less.
You’ll have to cut down expenses to every penny. You’ll eat the same thing everyday. You rarely go out with your friends anymore. You’ll share a room with a couple of guys.
Despite of all that, it still does not guarantee success. You’d like to persevere but you can’t. You’ve got family to feed, bills to pay and more.
Some have even become bankrupt and homeless.
If you feel this is tough, you’ve seen nothing yet.
You Want Quick Results
“You can’t climb the ladder of success with your hands in your pockets?”
Nowadays, you often see large number of people always looking for that ‘one ticket’ to success.
Honestly, people who are looking to become rich quick are lazy and lack the ambition for real success.
Successful people know that real success comes with lots of hustling and grinding. They have self-respect that they are willing to pay full price for success. It doesn’t take less than that.
Don’t get me wrong. There are people who makes money with this attitude – but most of the money-making involve fraudulent practice.
If this is your kind of thing, then you’re at the wrong place.
You Envy Successful People
Wanna know why rich people surround themselves with rich people?
They know the importance of networking with right people in order to achieve success.
They don’t envy successful people, in fact, they want to get to know them – be a part of their circle of friends.
Successful people often have some sort of an aura around them – which can be contagious. The more you spend time with them, the more likely you’ll start to pick up their habits.
You’ll start to think like them. You start to read books they like them. You’ll start communicating like they do. You get the idea.
If you continue to envy them, you’re just being petty – a person who sees the glass half-empty. You’re just another wanna-preneur.
You Are Not Focus
If you feel you can multitask, then stop it. You’re just lying to yourself.
There have been numerous studies done regarding multitasking; such as a research by Stanford University which concluded that multitasking is less productive than focusing on getting one thing done at a time. The research also found people who are constantly exposed to multiple streams of electronic information has difficulty in paying attention.
A research at University of London found that multitasking can actually lower your IQ too. The participants who multitasked during cognitive tasks experienced IQ score declines that were similar to what they’d expect if they had smoked marijuana or stayed up all night.
It’s also believed that constant multitasking could potentially cause damage to your brain. A study conducted at University of Sussex examined people who spend on multiple devices through MRI scans and found those who often multitask had less brain density in the anterior cingulate cortex – a region in the brain responsible for empathy, cognitive and emotional control.
Having said that, the answer to becoming focused is to prepare a proper list of what you want to achieve within a period of time.
For this, I like to give an example of what Warren Buffett suggested to his pilot. He tasked his pilot to list down 25 things in life that he’d like to achieve. Then, he’d ask the pilot to circle the top 5 things that he wants to get done. Buffett then, suggested him to focus on getting these 5 things done before working on everything else.
This story is another great example from successful people on how they manage their lives; in this case, the keyword is focus.
You Think You Know Everything
“You won’t learn if you think you know everything.” – Robert T. Kiyosaki
This is a no-brainer. Growth is an essential part of your journey as an entrepreneur.
While many believe experience is crucial, that experience eventually becomes obsolete if you don’t complement it with new knowledge each day.
What you know today might become outdated sometime later.
If you look at the top 1%, they still continue to learn new things each day even after all the success.
This goes to show acquiring new knowledge is an important part of their daily lives.