It seems like everyone is calling themselves and entrepreneur these days. Everyone is after that next genius idea hoping to make it big. But while everyone wants that success, only a few can earn it. Those who have been successful know what separates the real entrepreneurs from what Mark Cuban coins as “the wantrepreneurs.” Here are the qualities of a real entrepreneur from some of the industry’s best.
#1. “Real entrepreneurs make it happen. Wannabes make excuses.”– George Strompolos, CEO of Fullscreen. If an entrepreneur was a superhero, pessimism would be his arch nemesis. A loser makes excuses to not even try, but having the determination to greet failure and push even further is what makes a real entrepreneur.
#2. Real entrepreneurs are driven by their passion. Wantrepreneurs are driven by what they think their passion should be. “One of the huge mistakes people make is that they try to force an interest on themselves. You don’t choose your passions; your passions choose you.”– Jeff Bezos. All successful entrepreneurs do what they love and love what they do. Failure is pushing an idea you don’t truly believe in, being knowledgeable and passionate about your business is what makes a successful sell.
#3. A wantreprenuer thinks it’s all about them. A real entrepreneur knows that the team is everything. “The key is having great players. But there are a lot of teams that have all stars and haven’t been able to put it together.”– Mark Cuban. A real entrepreneur knows the value of teamwork and leadership. The greatest idea can never succeed without the right leader and the right people being able to organize and work together in any case.
#4. “Real entrepreneurs do what they say they are going to do. Wannabes ask about it and have tons and tons of coffee meetings.”– Brian Wong, CEO of Kip. When it comes down to it, taking action is what really counts no matter how many good ideas you might be coming up with. You know that 90 percent of success quote? Real entrepreneurs take that leap to get the ball rolling when they say they will.
#5. Wantrepreneurs play with the image of success now. A real entrepreneur works to live it later on. “Entrepreneurship is living a few years of your life like most people want so you can spend the rest of your life life most people can’t.”– Warren G. Tracy’s student. The life of an entrepreneur often calls for sacrifice, whether it’s living out of your car or foregoing a social life. Pushing an idea to success isn’t all about looking the part, working hard and working smart brings real success.
#6. Real entrepreneurs embrace and learn from failure. Wantrepreneurs are defeated by it. It’s fine to celebrate success but it is more important to heed the lessons of failure.”–Bill Gates. Every entrepreneur meets failure at some point, but it’s what happens after that that separates the real from the fake. After all the time, energy, and money spent, learning from why you failed and being better off is the key to meeting success later on.
#7. “Real entrepreneurs can’t stop thinking about their company. Wannabes can’t stop thinking about other people’s success.”– George Isenburg, CEO. Hip hop artist Drake would agree with this: I don’t trip off what ain’t mine! A real entrepreneur is too busy growing his own company to follow someone else’s success.
#8. The business goal of a wantrepreneur is the money. An entrepreneurs goal is to be the best. “Money is the trophy you get from doing the job well.”– Freeway Rick Ross. Becoming an entrepreneur with the mind to make lots of money often leads to failure. Success isn’t about getting rich. It’s about being the best at what you do and money will always follow the best.
#9. A wantrepreneur works off a few lessons. A real entrepreneur is forever a student. “My biggest motivation? Just to keep challenging myself. I see life almost like one long university education that I never had–everyday I’m learning something new.”– Richard Branson. As much as we might wish, we can’t stay in school forever. But we don’t have to be in school to keep learning. Always keep an open mind and be passionate about learning as you are about your business.
#10. A real a real entrepreneur create what a wantrepreneur says is impossible. If something is important enough, even if the odds are against you, you should still do it.