What Not to Do as an Entrepreneur Starting a Business

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The title “entrepreneur” is one that has been used and misused by so many people. We live in a generation where everyone with an internet-connected computer and a blog thinks that he or she is an entrepreneur. In truth, not everyone who thinks they’re an entrepreneur is actually an entrepreneur. A true entrepreneur is both a boss and a leader.

If you have aspirations of becoming an entrepreneur, then you really need to weigh the cost of entrepreneurship and ask yourself if you are willing to pay the price for it. Entrepreneurship is not what some of you think, a true entrepreneur must make serious sacrifices to achieve his or her business goals. The entrepreneur is the lifeline of his or her business. True entrepreneurs know that their businesses can only rise to the levels they are willing to push themselves. So, if you thought entrepreneurship is all about fancy titles and no work, think again.

When thinking about entrepreneurship, always have the vision of the rubber meeting the road. Having said that, let me add and remind you that entrepreneurs are not just known for what they do, but also for what they don’t do. Here we list some things that entrepreneurs don’t do, read on:

 1. They don’t take time to think of work-life balance

Work-life balance is one of those topics you read from blogs and books on employment. Remember an entrepreneur does not have a boss. If anything, it can be inferred that his or her business is the real boss. Most, if not all entrepreneurs, are workaholics . To them, their work comes first; it is what they live for and they don’t live for the weekend. To them, the fun is in doing what they love and that is working.

 2. They don’t complain

If you are running your business and you keep complaining about how you earn peanuts, we suggest that you consider shifting to employment. Real entrepreneurs maintain a sharp focus doing what they have to do daily knowing that they are engaging their passion to design products and services that will one day start bringing in the big bucks.

3. They don’t waste their resources

Real entrepreneurs know how costly it is to fund their ventures. That is why these leaders are highly disciplined in how and where they spend their money because they’re careful. Most of them try as much as possible to avoid debt that incur charges like interest. Some of them take out home warranty policies to cover home repairs for their appliances, making sure that they do not have to incur out of pocket expenses when their home appliances break down.

4. They don’t have grand visions

I know this is highly debatable, but let us be honest here, most entrepreneurs do not have grand visions, what they have can best be described as being grand delusions of greatness. Look at someone like Bill Gates and Zuckerberg, these tech CEOs never imagined that their inventions would become the great success that they are today. For Zuckerberg, all he wanted was to rate the looks of his college mates, he never knew that Facebook would become the multibillion-dollar business that it is today.

If you ever want to join the rank of real entrepreneurs make sure that you do not do what they don’t do. Don’t follow a conventional path, instead, they carve your own path and follow it and maybe, just maybe you too will succeed.

Also read: What are some of the aspects of starting a business?

About the Author

Lance Noland writes in the business and leadership spaces. He grew up just outside of Juneau, Alaska where he developed a love for photography, nature and writing.