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 Americathe 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.

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