TEN THINGS ENTREPRENEURS DON’T DO

Entrepreneurs are the most hard-working, focused, and driven people on Earth!  They have a clear vision to turn their ideas into something tangible – something that will sell for a profit.  There are stand-out differences between entrepreneurs and normal working folk.  The biggest difference has to do with sanity.  Entrepreneurs are slightly crazy, but in a good way!

The differences between an entrepreneur and a normal working person are like those differences between military personnel and civilians.  Except entrepreneurs command themselves – they are their own boss.

Here’s a list of TEN THINGS ENTREPRENEURS DON’T DO:

1.  They don’t sleep in

When you’re driven to succeed, your passion is your alarm clock.  Each morning when I wake, my brain starts working immediately.  I usually get two to three hours of work done before breakfast.  As an entrepreneur, I plan, prioritize, research, budget, and then plan some more every morning.

And my creative juices are always flowing.  Every morning I’m able to put my creativity into action.

2.  They don’t procrastinate

Entrepreneurs know that “the early bird catches the worm.”  The sooner you accomplish your goals, the higher your chances are for success.  Being the first one to market with a new product, for example, is imperative for market domination.

3.  They don’t take success for granted

Failure is commonplace for entrepreneurs, and they know how to deal with it well.  But when they succeed, they don’t bask in it for long.  Entrepreneurs know that their next failure is always around the corner.  So they plan for it, even when their success is huge!

4.  They don’t work for someone else

An entrepreneur is truly an army of one.  Even in a partnership, entrepreneurs drive themselves.  They command themselves.  They maintain their to-do lists, their not to-do lists, and they prioritize and execute their work load regularly.  Entrepreneurs know how to be their own boss.

Of course, as an entrepreneur, your clients have a say, but you’re still the boss of YOU.

5.  They don’t succumb to failure

Entrepreneurs know failure is part of growth.  They learn from it.  It molds and shapes their pursuits.  Failure makes them stronger.  They accept failure as a function of the achievement process and they know how to deal with it.

There’s no such thing as a Risk-Free Business.

6.  They don’t need capital to succeed

Capital is important.  You can’t buy infrastructure or make payroll without it.  But successful entrepreneurs rely on their plans and strategies first and foremost.  They know how to leverage their capabilities in order to accomplish their goals.  Bootstrap business startups are commonplace and real entrepreneurs know how to do it successfully.

7.  They don’t proceed blindly

To succeed as an entrepreneur, you must have a clear understanding of everything around you.  Entrepreneurs know their competition, and they know their target market.  They’ve calculated and planned their strategies before proceeding.  Entrepreneurial vision is a combination of knowledge and foresight.

8.  They don’t conform

In order to think outside the box and come up with originality and differentiation, conformity must be eliminated.  Being an entrepreneur requires an independent frame of mind.  Entrepreneurs lead, not follow.

9.  They don’t squander money

Money equals capital, and capital is king when starting a business.  Entrepreneurs know this.  They minimize their quality of life when launching a startup and they watch every dollar carefully.

10.  They don’t have limits or boundaries

Like Captain Jack Sparrow stated so succinctly while crossing swards with Will Turner in Pirates of The Caribbean:  “The only rules that really matter are these:  what a man can do and what a man can’t do.”  Of course entrepreneurs must always remain ethical and withing the law.  But rules are meant to be broken by those who wish to succeed.

Final thoughts

I’m an entrepreneur and I write about entrepreneurship.  The more I write, the more I learn about what it takes to be an entrepreneur.  Entrepreneurship is a challenging and exciting life!

Unfortunately, way too many people think they’re entrepreneurial, but they’re not.  Sadly, the business startup failure rate is about 80% in the first 18 months.  Discover Why Business Startups Fail.

Thank you for reading:

TEN THINGS ENTREPRENEURS DON’T DO

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