Many factors make a business successful. Cash flow, location, marketing, name recognition – you name it. But perhaps the most important factor of all is who the business owner is. A successful business owner takes certain actions which separate them from those who just think they have a good idea and never fully see it through. Which do you want to be – an entrepreneur or a wantrepreneur? Read on to see what category you fall into.
1. You Procrastinate
This is the most glaring sign of a wantrepreneur! You had what you believe is a good idea for a business years ago, and so far, nothing’s happened. You keep saying you’ll hit it big one day if you start a company, but you never take the first step. You put it off because your credit score is too low for a good business loan, or because your kids are still in school and you’re too busy. The excuses never end – you’ll say anything to put off the idea of actually starting a company, which you actually really want to do!
2. You Do It All By the Book
You’ve read books on how to get your product into a big box retailer successfully, but you’ve never picked up the phone and called anybody. You’ve never brought your product to a store and asked them what they thought. You’ve never visited a brick-and-mortar store and asked for a trial run of selling your product. You just keep doing research and learning about it, but you never take action. This is one thing that drives billionaire entrepreneur Mark Cuban on Shark Tank absolutely crazy. A successful entrepreneur is the person who does what it takes to create his or her own success. While reading books can be a great way to learn about other business owners’ experiences, no two businesses are the same, and what worked for someone else might not work for you.
3. You Didn’t Start a Website
In this day and age, how do you expect to reach people without having an online presence? Being on the Internet exposes you to thousands, even millions of people you’d never have access to otherwise. Word also spreads quickly online, so if you find success in the beginning, chances are it will only increase with time.
4. You Don’t Make Sacrifices
Starting a business means you have to be all in. You have to give up certain aspects of your life if you truly want to be a successful entrepreneur. Being an entrepreneur could mean skipping weekend golf with your buddies or having to forego a vacation. It could even mean quitting your job. If you expect to have it all and still launch a profitable business, you’re going to have a rude awakening. Nobody can have it all, and you need to be realistic.
What are you – an entrepreneur or a wantrepreneur? Visit www.biz2credit.com for more information on how to be the former, not the latter.