10 Differences Between Real Entrepreneurs and ‘Wantrepreneurs’

by  Darpan Sachdeva

Today we live in the information age  after  almost a  century of Industrial age era.The information age has given us an immense opportunity to grow and rise above our expectation exponentially  if we would have a thirst to do it.We see rise of millions and millions of entreprenurs on daily basis who  are hungry for success.

So what is the reason that not every body is able to get that huge success even though they follow the same set of formulas laid down ? Its probably  not all are entrepreneurs but wantrepreneurs.. Down below are 10 differences in between real entrepreneurs and wantrepreneurs:

1. A wantrepreneur 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.

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 it a successful sell.

3. Entrepreneurs don’t let failures stop them while wantrepreneurs easily get discouraged

“I’m convinced that about half of what separates the successful entrepreneurs from the non-successful ones is pure perseverance.”-Steve Jobs

Entrepreneurs carry on, learn from their mistakes and work it off. Thomas Edison kept working on discovering the light bulb after failing 1,000 times. Wantrepreneurs get discouraged and stop altogether.

4.. Entrepreneurs keep moving while wantrepreneurs keep complaining

 “Ideas are easy. Implementation is hard.”-Guy Kawasaki

Entrepreneurs make things happen, no matter how small a step forward it is. Wantrepreneurs are always looking for excuses and complain when it gets hard to get going.

5. 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 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.

6. The business goal of a wantrepreneur is the money, an entrepreneur’s 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 wealth always follows the best.

7. Entrepreneurs work hard for the business while wantrepreneurs work hard for their image

  “Genius is 1% inspiration, and 99% perspiration.”-Thomas Edison

Entrepreneurs work hard to make their business a success. They’re too busy with working to worry about what other people think about them. Wantrepreneurs don’t have the patience to work on the business. They look for shortcuts and prefer to spend their time making people think they are already a success.

8. Entrepreneurs adapt to changes quickly while wantrepreneurs call for meetings

When there are changes in the business environment, entrepreneurs are able to act quickly to adapt, and often times finding opportunities in the change, whether it is a better way of doing something or tapping a previously unknown market. Wantrepreneurs are often shaken by change and are too busy discussing every little aspect of a change during meetings to adjust on the changes. Therefore they are often left behind

9. Entrepreneurs are risk-takers while wantrepreneurs are risk-averse

 “If you’re not a risk taker, you should get the hell out of business.”-Ray Kroc, founder of McDonald’s

The business world is tough and only a handful survive the cutthroat arena. Entrepreneurs are not afraid to risk their funds, image, or business because they believe in their business, their product. They know the risks involved and yet they put out. Wantrepreneurs would rather bet on a sure thing.

10. Entrepreneurs innovate while wantrepreneurs procrastinate.

“You just have to pay attention to what people need and what has not been done.” – Russell Simmons, Def Jam founder

Entrepreneurs don’t wait for the perfect idea to come to their mind. They know it doesn’t have to be original or unique to make it successful. Often the best idea is seeing the gap or the need to improve on what already exists. And a lot of successful businesses started with the entrepreneur needing something he/she couldn’t find anywhere.

Wantrepreneurs, on the other hand, obsess about finding the right idea or the next big trend that will get them rich quickly.

Darpan Sachdeva is the CEO and Founder of Nobelthoughts.com. With a long time passion for Entrepreneurship, Self development & Success, Darpan started his website with the intention of educating and inspiring like minded people all over the world to always strive for success no matter what their circumstances.To keep going and never get disheartened and learn from every adversity.