When it comes to being an entrepreneur, the possibilities are endless. Entrepreneur are called all sort of names because we can achieve absolutely anything.
However, just like every other things in life, everyone can’t fit into a single role.
Life of an entrepreneur requires endless change, risk taking, decision making and constant challenges. A step in the wrong direction in any of this area can make or break a business enterprise.
For many people, becoming their own boss, having the freedom to do whatever they went, financial freedom and all other rewards of being an entrepreneur is their life-long dream.
But becoming successful isn’t easy and thousands of people aren’t willing to pay the price for success which is why only a small group of people actually made it as an entrepreneur.
While talking about successful entrepreneur is great you need to look into what actually made more successful than others.
In this article, I’ll show you 5 types of people that will never succeed as an entrepreneur but be warned: that person could be you.
Type 1 – People who are scared of failure
These set of people failed to recognize that there are certain principle that guides business.
You have to see failure as the beginning and middle but never entertain it as an end.Jessica Herrin, founder and CEO of stella and Dot
Successful entrepreneur sees failure as part of the process.
The problem here is not failing, it’s the feeling of these set of people. They’re scared of how they’ll feel if they fail.
Once they try a new venture and they failed down the road, they immediately give up and stop pursing their dream.
They believe that they should be successful immediately or at least be successful in every decision making and steps they take.
But this thought is very unrealistic in anything we do. Embracing failure and acknowledging the basic principle that challenges and poor judgement will happen and learning from this process is what differentiate the successful ones from the unsuccessful ones.
Winston Churchill once said, Success is not final, failure is not fatal: It is the courage to continues that count.
These set of people sees success as an end product and not an outcome so they give all types of excuses for why they will fail their next business or current business.
They want to become successful just as everyone does but they lack the courage to continue even in face of failure.
This set of people will never become successful because they will be afraid to break out of their comfort zone.
Are you one of these set of people?
If your answer is yes then you can definitely change your situation. All you need to do is to learn the basic principle of how the world operates.
You need to know that you can’t be successful in everything you do and building a business is a process, one you can’t be good at with your first attempt.
They key is to keep learning and continue until you succeed because quitters are never successful.
Type 2 – The Idealist
These set of people have a numbers of great ideas.
They are usual intelligent and smart people. Their minds works in a beautiful way that when you converse with them, your head will be spin out of its original position.
They not only have great ideas, they also have a step-by-step plan to achieve the it and could reveal every interesting insight in a market opportunity.
I’m once part of these set of people. I have a notebook that contains long list of business ideas just as an other committed idealist would.
I also have a detailed plan but when it comes to the most important phase, one that would bring everything to light I actually didn’t take that step.
Idealist people find all sort of complains not to take action and because they refuse to take action their ideas never see the light of the day.
Have you ever see someone that complains and the situation was magically solved?
I know your answer will be “No” and it is what it is.
There are thousands of beautiful ideas that could change the world for better that has not and will never see the light of the day.
Because they’re in the head of the idealist and locked up.
I was able to break out of this syndrome when one of my close associate I normally discuss my ideas with talk to me in private.
He called my name, Dare and I answered.
He said, do you know that you’ve a lot of potential more than I do but I keep changing people’s life more than you ever will.
You’ve a beautiful idea but it’s of no use and if you continue like this you’ll be a waste of space in the world.
At that moment, I was able to reason with him. He was definitely right.
Idealist are waste of space in our world and they’re committing crime by not changing the world for the better.
Having a beautiful idea is cool but only the once that truly make an impact deserves appreciation.
Are you an idealist?
If yes then you can change your situation around by taking action now. There’s absolutely no excuses for not starting after all, entrepreneur start from absolute zero to stardom.
Type 3 – The Quitters
The three great essentials to achieve anything worthwhile are, first, hardwork; second, stick-to-itiveness; third, common sense.Thomas A. Edison
To this set of people, they lack common sense just as Thomas pointed out.
Have you ever seen a baby grown to a matured man in a week period?
The answer is definitely No.
Every unsuccessful entrepreneurs quits and quitters never achieve something worthwhile.
To succeed, common sense will tell you that you need to go through a process before reaching your destination and that’s where persistence comes in.
Persistence is doing something continuously despite difficulty or delay in achieving success. It’s what keeps you going if you don’t get the result you expected at a particular period of time.
According to Seth Godin in his book, DIP, there’s a period of stagnant growth which is where most people quit.
Only those with clear vision and great commitment are able to see this stage. It’s not visible and those observing only see stagnation instead of growth.
As an entrepreneur, it is highly important that you understand this period in your business. It is what makes or break your success.
The problem with the quitters is that they expect instant gravitation, subjected themselves to control from negative people and are always looking to please everyone.
Because of this unrealistic habit they form over time, It’s extremely impossible for them to succeed as an entrepreneur.
People who quits easily lack persistent and this affect every other part of their life.
To be a successful entrepreneur, you must accept the difficulties that comes with entrepreneurship.
You must be persistent and you must be ready to be misunderstood by the world.
Entrepreneur do things differently. They see possibilities where others sees chaos. They look and think of long term while managing the short term.
If you’re once a quitter or you’re about to quit, you should know that there is a period called stagnant growth and everyone must pass through this period.
Type 4 – Someday Handler
For the Someday Handlers, timing is all that matters.
They already have thousands of excuse inked down on why today is not the perfect time to start their own business.
They want to become a serial entrepreneur, they even have a clear vision and goals of what they’ll do once everything kick into gear.
They share everything in their head with their accomplice. They’re so super excited about their idea that they dream about it during their sleeping hours.
The problem with these set of people is that they expect things to work out magical.
In their thought, they saw themselves dealing with complex issues with relative ease. They fantasize about that bright day to come.
The truth is someday might never come.
These set of people usually have a demanding job which ties them down, they understood the difference between a job and a business.
They want to have freedom and enjoy immense lifestyle of being an entrepreneur.
When you ask them when they’ll start their business, they’ll say: “Someday, I’ll start and build a big enterprise”.
Unfortunately, that someday will never come until age caught up to them and they’re forced to retire.
They then rue the missed opportunity of implementing their ideas.
Those people that belongs to the someday handler group never succeed.
If you find yourself among this group of people, you need to implement your ideas today.
You need to understand that there is no such thing as ultimate perfection and entrepreneur achieve perfection through years of implementation.
Don’t think about someday anymore, get started today.
Type 5 – The Undisciplined
The success of a business lies in the habit of the business owner.
Discipline is the secret to success. The stronger your self-discipline, the greater your success will be.
These set of people failed to recognize that.
They have a low level of discipline which makes it impossible for them to implement it in their business.
An undisciplined entrepreneur operate his business in an disorganized way and want to achieve success as fast as possible.
They understand what it takes to become an entrepreneur and are ready to sacrifice anything to achieve it.
But they don’t understand the power of self-discipline.
No matter how great your ideas are or how smart your team were, without self-discipline, it’ll be a waste of resources.
More than any other factor, self-discipline is what’ll make or break your business enterprise.
It’s with self-discipline you organize, control and transmit the habit that will make your company successful.
As an entrepreneur, you transmit your vibe downwards the organization. Your staffs will be looking up at you for direction and what you pass on to them will determine how they invest their time into your business.
Only the disciplined are truly free.
The undisciplined are slave to moods, appetites and passions.Stephen Covey
The undisciplined entrepreneur makes business decision based on moods or their limited view of life.
The weight of being an entrepreneur quickly become to heavy for them that they suddenly drop it down and go back to their 9-5 job.
They are not made for business life.
Are you one of these set of people?
If yes, then you need to know that self-discipline is the number one factor that determines success.
Your level of success is determined by your level of self-discipline while your level of self-discipline determines how persistent you are.
To increase your self-discipline, you need to know the habit you need to run a successful business and practice it over time.
Self-discipline is a gradual process.
Now that you know the 5 types of people that can never succeed as an entrepreneur, the next step is to apply the solution to your own personal life.
You don’t want to fall into any of these categories but chances are you’ll be one of them so changing your situation is your choice.
Being an entrepreneur is a process which involves endless changes, it’s not a final destination.