Becoming an amateur entrepreneur is a bit of a mixed bag. On the one hand, at least you’ve got starting a business on the brain. On the other, you’re making a lot of mistakes and not really getting anything accomplished. Shark Tank’s Mark Cuban might refer to you as a “wantrepreneur,” and if you want to be the person calling your own shots, that’s a dreadful label to wear. The good news is, you can overcome; but first, it’s important to recognize the signs you’re probably an amateur. They are:
Your Plans Always Take A Back Seat To Your Job.
You can be a very successful doctor or lawyer or executive, but if your dream is to launch that new product and work it full-time and you’re not fulfilling it, you’re just a pretender. You have to treat it like a full-time job, even if you’re not making any money at it. That means using every free moment to do something that moves the business forward, even if that comes on your lunch breaks and after you come home from work. Treat it like a part-time thing, and that’s all it’ll ever be.
You’re Dismissive Of Social Media.
So many people that we would call amateur entrepreneurs get that way because they fail to take advantage of one of the most useful, free marketing tools ever invented. Social media. A refusal to sign up for a social networking account, or perhaps a reluctance to expand beyond simple Facebook, tells us that you’re still treating it as a peripheral tool rather than something that can drive the growth of your business. There are many social networks out there — some better than others — and you’re doing your business a disservice if you refuse to at least check them out, or if you’re misusing the accounts you have by not posting anything relevant that’s worth sharing.
You Won’t Ask For What You Want.
The amateur entrepreneur has something of an inferiority complex when it comes to getting his name, business, and product or service out there.
If the term describes you, then you probably think, because you’re just starting out, that you don’t have a right to ask for favorable terms from potential clients and customers. You price too low, make too many concessions to clients, and fail to value the time and effort that you put in to something.
Here’s a thought: if you don’t think enough of your idea to treat it better than that, then why should the people with whom you’re trying to do business?
You’d Rather Lash Out Than Move On.
In life and business, some things won’t go your way. How you handle it will ultimately determine whether you’re ready for the big time. If you’re the type of person who must fire off an angry, profanity-laced missive when a colleague or customer does you wrong, then you’re probably not ready for the entrepreneurial lifestyle. That’s not to say you have to be a doormat. You can be firm as long as you direct that firmness toward negotiating something that will build your business. If you’re just blowing off steam instead of making adjustments and working for success, you’re not doing yourself any favors.
You’re Big On Ideas, Small On Execution.
Many an amateur entrepreneur has difficulty in the execution department. They can think of great ideas all day long, but when it comes to putting those ideas in motion, they freeze up and move on to the next idea so they can always feel like they’re doing something when they’re not doing anything at all.
They have a follow-through problem.
This is probably the worst kind of bad because it keeps said amateur from seeing that they’re not accomplishing anything. Then one day they wake up, and they’re getting a gold watch from their employer instead of a third vacation home from the earnings of their business.
Don’t let this be your fate.
What signs of being an amateur entrepreneur have you noticed, either in your past or the pasts of your friends and acquaintances?