Signs you are a "wantrapreneur"

[Tony I]

signs you are a "wantrapreneur"

1. you mentally masturbate by watching every "motivational video" on youtube
2. you talk and don't do anything
3. you start 100 different projects at once, and give up on all of them after a week
4. you read every business book but don't take any action
5. you make excuses, procrastinate, and overanalyze
6. you chase money

stop this.

I notice this a lot with kids my age. It wasn't until I stopped reading and taking action that I saw results.

Like the book says, you need feedback from the marketplace. You can't get feedback by watching youtube videos. just do something, and adjust to what the market tells you.


hope this helps anyone who is having trouble getting started.

 

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[Tej]

Until recently, this was me to a T. The first step in solving a problem is recognizing that there is a problem....

 

[j_lpz]

Thanks for the post Tony; this has been me for too long, talking the big talk but not taking the action. Just in the past weeks have been focusing on only two activities and started to take action. The hardest habit to gain for me is to be focused and consistent; I always get distracted by other "opportunities" (short cuts to make money that never work). Thanks

 

[BLVCK]

Mental masturbation is a big problem, guilty of it myself. You should only watch motivational videos when need be, if things are getting a bit rough on the road and you need that extra boost.

 

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[Tony I]

Just in the past weeks have been focusing on only two activities and started to take action. The hardest habit to gain for me is to be focused and consistent; I always get distracted by other "opportunities" (short cuts to make money that never work). Thanks

focus only on 1, and get obsessed with it. its weird how the brain works when you concentrate on one thing.

Mental masturbation is a big problem, guilty of it myself. You should only watch motivational videos when need be, if things are getting a bit rough on the road and you need that extra boost.

exactly. the motivation comes from getting your first sale, and receiving feedback from customers. the videos releases a "feel good" emotion in your body that lasts a few moments. that's why you get motivated after watching them, but still don't want to do anything. it keeps you in a "action faker" mindset.

 

[S. Brown]

signs you are a "wantrapreneur"

1. you mentally masturbate by watching every "motivational video" on youtube
2. you talk and don't do anything
3. you start 100 different projects at once, and give up on all of them after a week
4. you read every business book but don't take any action
5. you make excuses, procrastinate, and overanalyze
6. you chase money

stop this.

I notice this a lot with kids my age. It wasn't until I stopped reading and taking action that I saw results.

Like the book says, you need feedback from the marketplace. You can't get feedback by watching youtube videos. just do something, and adjust to what the market tells you.


hope this helps anyone who is having trouble getting started.

You right man. That's why they say that only around 1% -3% of population will live the life they want/become millionaires.

Everybody wants nice things but like the fastlaner mentality says is that the idea is only worth 1% and the other 99% is actually taking action (execution). One of the best ways to be able to make a change from a wantrapreneur to entrepreneur is to be aware and conscious of the problems that one has and change what is holding oneself back from taking action. I think many people are not aware of there own mistakes or actions.

That's why being self conscious is so important because you'll be able to be aware of your problems and others problems in which that goes with finding that good ole need.

 

[rainasafi]

Hi I am new here. I like your post.

 

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[raynoldcj]

signs you are a "wantrapreneur"
you need feedback from the marketplace. You can't get feedback by watching youtube videos. just do something, and adjust to what the market tells you.

Hey Tony, thanks a lot for the post. It's a reminder for me to keep doing what is necessary, and stop doing unproductive things. The list is very useful, especially for anyone who wanted to start a business.

Action is what matter the most.

 

[Gale4rc]

Honestly, I run on the treadmill everyday for 1hour and that is when I watch motivational videos. I think everyone should do the same, the day is for working! No reason you can't work on your mindset at the same time your working on your body as well

 

[alexanderkjones]

@Tony I Fantastic Post, I started to write a reply and it turned into a thread on 6 Ways To Stop Being A "Wantraprenuer". Hope this helps some of your readers.

 

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[RogueInnovation]

On the flip side:

1) Do you have a process? If so what is it?
2) If you can state your aims can you also state what you are doing to achieve them?
3) Do you re-iterate on one project often, and are you present with the ins and outs?
4) Do you scan for useful angles in everyday life and put them where they can have the most use?
5) Do you get things done and then simplify down to what works best?
6) Do you have an attitude that carries you forwards no matter what?

You do? Welcome to the grind. Now you only need to build that success.

 

[MJ DeMarco]

signs you are a "wantrapreneur"

Business cards before business.

 

[HarryR]

3. you start 100 different projects at once, and give up on all of them after a week

All of them used to apply to me. Now I'm down to this. I guess things are looking up

 

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[IAmTheJeff]

Business cards before business.

I did this once, then I changed my company name a week later and threw away the cards. Ah, to be young again!

 

[LeungJan]

Honestly, I run on the treadmill everyday for 1hour and that is when I watch motivational videos. I think everyone should do the same, the day is for working! No reason you can't work on your mindset at the same time your working on your body as well

I have found that indentured time is the best time to listen to motivation / audio books

 

[jazb]

Talking about wantrepreneurs on a motivational website.....

 

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[Tony I]

Business cards before business.

gotta add that to the list.

 

[RogueInnovation]

- You think you only need someone to pay for and promote your idea, and get angry that no one will invest.
- You believe that all business requires is for people to see it your way, and beware the consequences of denying your impeccable taste and virtuous efforts
- You think that declaring your business is real, acting official, having a website, and spending a few hours here and there procrastinating is a business strategy
- You get hurt when anyone suggests things you can do to succeed; for example "get me some background research on competitors", "get some beta testers lined up and we will split test a few options", "what are your best sellers, we will put them with a known brand and package it" you just freak out and hide.
- You make choices that are no good for your business in order to inflate your ego, rather than being humble and admitting that you are vulnerable and don't know exactly what you are supposed to do
- You get parents, friends, and yourself deep in debt before you consider you might fail and they might lose everything

Do diligence, and get it starting itself on its own merit and tight financials, cuz when profit is a no brainer, nothing stops launch.
Listen to what people respond to, thats where star quality comes from.
Websites etc are nothing without fundamentals that drive sales.
You need great perspective to make smart choices, not your head in the sand.
Being realistic is the first step towards getting things done that matter, and getting rid of things that never will.
Don't get people too afraid to tell you that you suck to pay for your failures, have the pride to make it or face plant it on your own merits without a safety net.

Super hard to get the messages across to wantrepenuers. They just blank face you and keep doing those behaviours xD, like you once did.

 

[ExecutionisKing]

Great post Tony. I'm not going to cancel the books I was just about to order, since they were recommended on here, but will remind myself that "knowing" it doesn't mean a thing unless I implement it.

Nor does saying all that and then getting motivated at the thought of not falling for false motivation from any of that "business book" knowledge in the future. (in case anyone's mind is as strange as mine and went there).

Business cards before business.

It's funny, because every "career planning" event/meeting I've been at, they always urged everyone to get personal business cards, regardless of whether they know their plans fully.

They say this is good for your "networking," differentiates you from others, and there are more reasons I can't remember, though some sounded reasonable.
I never did because I really didn't buy into it for a number of reasons, business-name changes being one.

@MJ DeMarco

Why are you against it? Does it encourage the "action faker" mindset, even though it's so easily done? (Or maybe that's part of it, minimal/easy action, quick results).

 

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[ExecutionisKing]

- You think you only need someone to pay for and promote your idea, and get angry that no one will invest.
- You believe that all business requires is for people to see it your way, and beware the consequences of denying your impeccable taste and virtuous efforts
- You think that declaring your business is real, acting official, having a website, and spending a few hours here and there procrastinating is a business strategy
- You get hurt when anyone suggests things you can do to succeed; for example "get me some background research on competitors", "get some beta testers lined up and we will split test a few options", "what are your best sellers, we will put them with a known brand and package it" you just freak out and hide.
- You make choices that are no good for your business in order to inflate your ego, rather than being humble and admitting that you are vulnerable and don't know exactly what you are supposed to do
- You get parents, friends, and yourself deep in debt before you consider you might fail and they might lose everything

Do diligence, and get it starting itself on its own merit and tight financials, cuz when profit is a no brainer, nothing stops launch.
Listen to what people respond to, thats where star quality comes from.
Websites etc are nothing without fundamentals that drive sales.
You need great perspective to make smart choices, not your head in the sand.
Being realistic is the first step towards getting things done that matter, and getting rid of things that never will.
Don't get people too afraid to tell you that you suck to pay for your failures, have the pride to make it or face plant it on your own merits without a safety net.

Super hard to get the messages across to wantrepenuers. They just blank face you and keep doing those behaviours xD, like you once did.

Whhoooaa. Lots of good stuff in there. Thanks for that.
Rep transfer. +++

 

[jakew]

Friends, it's incredible what you can accomplish once you cut all the junk out. That means no TV, no Internet, no videogames, etc. I used to waste hours everyday on the Internet and couldn't focus on getting work done. After I cut it out for a week, my focus was incredible. Now I only allow myself use the Internet (unbusiness related) one day a week.

 

[IAmTheJeff]

Whhoooaa. Lots of good stuff in there. Thanks for that.
Rep transfer. +++

@RogueInnovation has been a facking ORACLE in my eyes. I <3 that guy haha

 

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[MJ DeMarco]

Asking ...


"I'd like to start a website in [enter any industry here] ... how much money can I make?"
"Can I make money doing [blank]?"
"Is this idea Fastlane?"
"How do I start a lead generation website in the limo business?"

When I hear such things, I think you should either A) Keep the job or B) Go back to the drawing board, and start with rewiring your mind.

 

[DKNJ]

I have found that indentured time is the best time to listen to motivation / audio books

Today I was listening to a youtube video on "how to create your own brand" while I was doing my ab workouts lol. Using my indentured time to kill 2 birds with one stone. Wait, is exercise time considered indentured time?

 

[LuckyPup]

This has been me for the past 20 f**king years. I'm ready to shoot myself.

signs you are a "wantrapreneur"

1. you mentally masturbate by watching every "motivational video" on youtube
2. you talk and don't do anything
3. you start 100 different projects at once, and give up on all of them after a week
4. you read every business book but don't take any action
5. you make excuses, procrastinate, and overanalyze
6. you chase money

stop this.

I notice this a lot with kids my age. It wasn't until I stopped reading and taking action that I saw results.

Like the book says, you need feedback from the marketplace. You can't get feedback by watching youtube videos. just do something, and adjust to what the market tells you.


hope this helps anyone who is having trouble getting started.

 

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[Tommy92l]

I think chasing money is kind of unfair. Sometimes when people get into these situations to start a business, it's partially because financially they are crashing. They're grasping at the straws to pay the bills and it makes sense if you're really desperate for money, only natural.

I think "Don't do it for the money" is the biggest bullshit I've ever heard in my life as well.

Yes, it SHOULD be a passion/ you should genuinely enjoy what you do, other wise... you'll probably fail.

But nothing grinds mah gears more someone who is broke tells me "Don't do it for the money".

Yeah ok, because I can live off of nothing right? I mean, who needs money to survive, surely not you, right?

Just something about someone with no experience and no ambition giving financial advice just....

gonna stop there, ignorance makes me rage.

 

[DKNJ]

I think chasing money is kind of unfair. Sometimes when people get into these situations to start a business, it's partially because financially they are crashing. They're grasping at the straws to pay the bills and it makes sense if you're really desperate for money, only natural.

I think "Don't do it for the money" is the biggest bullshit I've ever heard in my life as well.

Yes, it SHOULD be a passion/ you should genuinely enjoy what you do, other wise... you'll probably fail.

But nothing grinds mah gears more someone who is broke tells me "Don't do it for the money".

Yeah ok, because I can live off of nothing right? I mean, who needs money to survive, surely not you, right?

Just something about someone with no experience and no ambition giving financial advice just....

gonna stop there, ignorance makes me rage.

Yea I agree. I guess some people don't mind living mediocre. Then there are the philosophers that know everything about life and success. Lol. I've learned that "don't do it for the money" can mean a couple things. Like don't do it because you think everyone else is making money doing it vs fill a need. Or don't do what makes money vs do what you love. Since we all have passions behind what drives us to do what we do, I personally try to avoid mixing business and pleasure like explained in TMF . If I was obligated to do what I love, and I can't do what I love as I please, it may slowly become a burden. A perfect example, an old friend of mine is a professional bmxer. He has a few sponsors and he has due dates for his sections in the next films coming out. I can't imagine them paying too well. I remember hearing how they were burdens on the thing he loves to do most.

 

[nzerinto]

I think chasing money is kind of unfair. Sometimes when people get into these situations to start a business, it's partially because financially they are crashing. They're grasping at the straws to pay the bills and it makes sense if you're really desperate for money, only natural.

I think "Don't do it for the money" is the biggest bullshit I've ever heard in my life as well.

Yes, it SHOULD be a passion/ you should genuinely enjoy what you do, other wise... you'll probably fail.

But nothing grinds mah gears more someone who is broke tells me "Don't do it for the money".

Yeah ok, because I can live off of nothing right? I mean, who needs money to survive, surely not you, right?

Just something about someone with no experience and no ambition giving financial advice just....

gonna stop there, ignorance makes me rage.

People shouldn't be starting businesses because they are in financial dire straits. It's too easy to focus on "how do I make money" and forget about everything else like process and product, which means you end up chasing your own tail, trying to make ends meet.

I'm speaking from personal experience.

I agree with you - people need money to survive. However funding that from a business if you are struggling = very very hard, because it's not easy separating the money you need (to put food on the table and pay the bills), with money you need to reinvest back in the business, so it can continue running and also to grow.

If someone is grasping at straws, they should be looking for a job, at least until they can get back on their feet again, or work their job and start building the business in their own time. Then they can run the business the way it should be, with full focus.

 

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[ExecutionisKing]

(Why Business cards before a business=Action faker mindset)

@MJ DeMarco
Why are you against it? Does it encourage the "action faker" mindset, even though it's so easily done? (Or maybe that's part of it, minimal/easy action, quick results).

Found my answer late the other night, while going through MJ's youtube channel. He addressed someone with a "great idea" for a new business, who ran out and got cards, before doing anything else. He can list himself as the CEO, but that's part of the fake action.
He has no product, customers, revenue, or profit.

Even if he was president of something unsucessful, that would be better then where he's at. Think about that...

I've always been told to do it for a networking advantage, like to get your name out there. Not really for if you think you might have a business idea, but just your contact info, interests, experience, etc. Kind of like a brief resume to keep you in someone's memory. Not sure though. I've yet to do it. Seems cheesy to me.
Input?

Video:

 

[Tony I]

to add to my original post:

STOP READING. STOP WATCHING YOUTUBE VIDEOS. I cannot stress it enough. it induces you into thinking you are actually accomplishing something when in reality you aren't. it keeps you in analysis paralysis.

there is nothing wrong with motivational audios/books to help you along the journey, but I'd be willing to bet that most "wantrapreneurs" are people who watch/read and feel a sense of accomplishment after doing so.

if you need to watch motivational videos and read 100 business books to keep "motivation", when you haven't even DONE ANYTHING YET, maybe you shouldn't be an entrepreneur. the real motivation comes from getting your first sale, reaching $500, $1000 a day.

I remember when I first started out, I was looking for that "one inspirational quote" or that one "secret formula" to get started. I would buy a new business book every week, and say to myself: this is the one that will give me the secret I need to get started.

guess what? there is no book. there is no secret. that's just you sabotaging yourself from success.

I just read someones thread that said they read a new business book every week. they don't have a business yet. does that make sense? that's like reading a manual on how to drive a car that you don't own.

You don't have a vehicle (business), so what is that knowledge possibly going to do for you? are you going to "save it" for later? get the vehicle first, then read if you are stuck with something. too many people confuse personal development as the "event."




Saw this on FB. It is absolute GOLD:

"They are the people who use Motivational and Personal Growth materials to consume, read, listen and watch...

but they never DO anything to change their circumstance.

They read to FEEL better.
They listen to FEEL better.
They watch to FEEL better.

Then, after feeling like they've accomplished something by simply feeling better - they go right back to doing what were doing before.

They are on the express train to FAILURE CENTRAL.

Then they wonder why the things they've read, watched and listened to DON'T WORK FOR THEM.

Instead of OWNING their results, good or bad, these would-be winners leak their personal power like a rusty bucket.

They grow older, more resentful and grumpy about the fact that life isn't giving them what they want...

While completely IGNORING their own actions and behaviors.

I have compassion for these folks... a lot actually.

Because I used to be one.

I read everything I could find on how to improve my life.

I listened to copies of old audio tapes (because I was too cheap to invest in myself, major clue right there why I was so broke).

I filled my mind with "Great Stuff".

But you know what my biggest problem was?

I was ALL MIND... and ZERO MUSCLE.

I kept waiting for something magic to happen.

When the real magic was at the end of my arms.

One day, frustrated with my incredible failure and feeling like a complete loser... I took a good look in the mirror.

I remember it like it was yesterday.

I had just finished teaching a martial arts class, and the last student had left for the night.

I was happy as a teacher, and loved my students and my job.

But I was sick of being stuck. Sick of being broke. Sick of being alone. I was sick of feeling like no matter what I studied, nothing seemed to change.

That's when it HIT ME. I had been feeding my mind, but had failed to CHANGE my actions."


hope this helps