July 31, 2020
How to Stop Being a Wantrepreneur

Leslie Youngblood

Today I'm here to warn you about a very real threat: The wantrepreneur!

Dun dun DUNNNN!!

What is it though? As the name suggests, a wantrepreneur aspires to own their own business and become an entrepreneur.

A wantrepreneur doesn’t hold back in talking about their great business idea but more often that not the bragging doesn’t turn into action. And the wantrepreneur can tend keep on talking about their business idea forever.

Some other traits of a wantrepreneur include:

  • Talking the talk, but not walking the walk .
  • Making excuses for not getting their idea started/business off the ground.
  • Blaming their lack of sales skills for holding them back.
  • Has an eternal “goals” list. 

Maybe you know a person or persons like this? Maybe you - eek! - are this person? 

If you do or if you are, it’s going to be ok, because I'm going to share how NOT to be one. 

Here are a few ways to STOP being a wantrepreneur:

Stop waiting for the right conditions

It might be a recession, personal problems, or an unexpected promotion at work that’s holding you back from taking the plunge and starting your own business. Waiting for those "perfect conditions" that rarely surface is a tell-take sign that you’re a wantrepreneur.

Are you a wantrepreneur?


Stop fearing risk

If you’re opposed to taking risks and don’t regard risks in any optimistic light, you could well be a wantrepreneur.

Risks are part of being an entrepreneur and small business owner.


Stop focusing on the money

There’s much more to running a business than paying employees/yourself, taking checks to the bank and watching the dollar signs ring up. Running your own business comes with a myriad of rewards other than financial ones.

While it is nice to reap financial rewards, if you’re solely focused on making a ‘quick buck’ and are reluctant to put the blood, sweat and tears to get there, could be a sign that you’re a wantrepreneur not an entrepreneur.


Stop worrying about funding

A successful entrepreneur doesn’t worry about what he or she doesn’t have and goes all guns blaring to get the capital required to get their business venture off the ground, a wantrepreneur worries excessively about funding and not having sufficient funds to pump into their business venture, which can often be used as another excuse for failing to get the business started.

I know it can be scary, but you can do this! 

Follow these suggestions and break free of your wantrepreneur shackles. You CAN and will transform yourself into a thriving and unstoppable entrepreneur.  

 

Leslie Youngblood is the Creative Director for Excelerate America, the fun, smart service for small businesses. Have you ever felt stuck in the wantrepreneur space? Tell Leslie about it by emailing her at leslie.youngblood@excelerateamerica.com.

You might also be interested in these
4 Minutes
Tenacity Tales: The Coffee Shop Brewing Up Community Love and Belonging
Nestled in Bad Axe, Michigan, the state’s quiet thumb-area (population of less than 3,000), local favorite Emma’s Coffee House is flourishing like a big city star. In the middle of a pandemic no less.
3 Minutes
Retail Readiness for Christmas
Open since September 2018, Untied was a rare breed of merchant pre-Covid: an independent men’s shop selling lesser-known brands and accessories, its aesthetic more sit-for-a-while than next-in-line. Today, post-lockdown, the store remains a rarity: welcoming familiar – and new – faces, enjoying more good days than bad, and an owner-operator optimistic despite the looming holiday season.
3 Minutes
Stumped on Social Media? Use the ATACC Method
Social media is the most powerful marketing tool of our lifetime. It not only keeps people around the country and the globe connected, it’s also become a marketing machine. Brands everywhere can easily discover their target audience and reach them from the comfort of their own home and preferred platform.
3 minutes
Tenacity Tales: The Designer Inspired by Dogs and Cards Against Humanity
Faye Klein has produced award-winning graphics that span nearly every area of advertising and promotion for over 30 years. And while titles are surely nice, she’s not one to sit back and relish in accolades. In fact, she can’t stop finding new inspiration and side hustles.
Subscribe to our newsletter
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.