check out my recent article on that<\/a>.<\/p>\n\n\n\nDifference #5: Problem solving skills.<\/h2>\n\n\n\n
Wantrepreneurs are typically the sorts of people that focus in first order thinking. In other words, when they are presented with a problem, they want to be just shown the way to solve that problem and then move on and go about their day. They don’t actually assess the overall landscape to understand how they might be able to avoid the problem altogether, or think about the problem in some other way than the most conventional way to solve it.<\/p>\n\n\n\n
These people tend to think pretty conventionally because it was primarily the way they were taught in school to think. Deviation is typically not conducive to these people. These are the sorts of people that also often feel like going to business school is going to help them in learning how to start a business.<\/p>\n\n\n\n
Well, actually many of the skills that you’ll learn in business school aren’t as relevant as you think they are when it comes to actually founding a company. I often find that wantpreneurs seek answers in the most obvious form, because this is what keeps them at peace. On the other side of things, entrepreneurs tend to think of things in the context of second order thinkin.<\/p>\n\n\n\n
For example, in the context of the broader global situation, when that first started happening, and there was a huge demand for face mask, the first order entrepreneur might try to learn about different ways to sell face masks to people, but the true entrepreneur is thinking about the implications of that rise in demand in face mask. They might be the ones to recognize the massive opportunity in the marketplace with this rise in demand, for things like accessories for face masks.<\/p>\n\n\n\n
For example, I found a company that creates portable containers for your face mask. That way, you know, for sure that it’s still sterile when you take it off your face, as opposed to cramming it into your pocket or your purse or something else. Compared to their wantrepreneur peers, entrepreneurs are typically way more experiential. They’re all about testing out an idea and seeing how the market responds to it.<\/p>\n\n\n\n
Another good example is the origin stories of Airbnb. In those earliest days, when these shared economy was more or less non-existent, the founders of Airbnb had to find a way to scrap to get\u00a0 their cash to keep their runway long enough that they could actually validate Airbnb as a business. To help combat their cash crunch problems, they created two different types of serial in alignment with the 2008 presidential election. <\/p>\n\n\n\n
Obama O’s and Cap’n McCain’s gave them a ton of positive press exposure and also helped them find new customers for their actual business.<\/p>\n\n\n\n
Big takeaways<\/h2>\n\n\n\n
There are two things I want you to remember from this article:<\/p>\n\n\n\n
- The first one is that it’s totally okay if you are a wantrepreneur today. The important thing is that you recognize why you would categorize yourself as a wantrepreneur, as opposed to an entrepreneur, and start to orient yourself more around taking action behind your ideas. You also might want to think about what you’re really trying to solve. It’s often not just to make a lot of money. Sorry to break it to you.<\/li>
- The reality is that whenever you try something new, you’re not going to be very good at it the very first time that you do it. But the important thing for you to take away is that you did it and that if you do it again and again and again, and constantly think about how you can improve yourself, you will eventually get better at it over time. Perseverance can go a long way. So as long as you focus on improving and learning along the way, the outcomes will naturally come with it over time.<\/li><\/ol>\n\n\n\n
If you found this article helpful, be sure to\u00a0check out my YouTube channel<\/a>\u00a0to get new videos every single week. I\u2019ll help take you from zero to self-starter as you grow your business, get more customers, and hone your business acumen. Also, feel free to share this with anybody that you think might also benefit from learning about these key differences between an entrepreneur and a wantrepreneur.<\/p>\n\n\n\n