[ Video transcript – 3 Signs You’re A Fake Entrepreneur ]
Hey Guys, Dale Partridge here.
I don’t want to step on anybody’s toes but self-proclaimed entrepreneurs practically grow on trees these days. I can’t read a Twitter bio or Instagram bio or LinkedIn profile or blog post without seeing someone refer to themselves as an entrepreneur.
It drives me a little bit nuts
Simply referring to yourself as an entrepreneur or an innovator isn’t going to cut it and it doesn’t automatically make you part of the club.
For example working for yourself and being an entrepreneur are different. So today I’d like to share with you a few common signs that you’re a fake entrepreneur and how you can change that.
So let’s talk about the first fakepreneur:
You’re a freelance rock star oh the millions of freelancers the creatives who believe working for themselves doing what they love is entrepreneurship but throughout history this career path has always been referred to as a merchant a self-employed individual who trades their craft for money unlike freelancers.
Entrepreneurs don’t trade their time for dollars. With this model you can only make as much money as you have time it’s a losing structure for scalable thinkers.
The goal of a freelancer is to have a steady job with no boss to do great work to gradually increase demand so that the hourly wage goes up and that the quantity of good gigs goes up – you’re a freelancer for hire not an entrepreneur.
Number two you’re an employee at your own company
We see this all the time with restaurant owners coffee shop owners hair salon owners and about a hundred other ventures where people have created themselves job Michael Gerber in his book the e-myth refers to these fakepreneur as technicians those who are so good at their craft that they’re unable to work for someone else.
But so we get the required competencies of growing a company that they end up reverting to employee based technician mentality technicians spend almost all their time working in their business instead of working on their business.
Number three you’re employable under the right conditions:
I might be one of the most qualified people to talk about this from 15 and 19 years old. I had 16 jobs ranging from baling hay and working at Petco to an associate at a skate shop in my hometown.
I was fired from almost every single one of them, I’m a hundred percent unemployable and even now eleven years later I have never worked for another person.
Now I’m not saying that you can’t have a successful employee career and become an entrepreneur sometime in the future nor am i saying that you can’t have a job while launching your own company, but I am saying employment is not an option for your future people even if the currently work for themselves who would even consider a well-paid secure job over chasing their dream are not entrepreneurs.
True entrepreneurs will turn down 150 thousand dollar salary in a company, car for a thirty six thousand dollar salary and a 60 hour work week to work for themselves.
Surprisingly it has nothing to do with pride or financial intelligence either it’s almost solely a drive from purpose vision and personal control.
Entrepreneurs know this truth if you don’t build your dream someone will hire you to build theirs.
Also Read: Not every business has to be a startup!
So what is an entrepreneur
I’ve defined entrepreneurship as the ability to make more money with less time to build a business that allows them to spend more time do the things they like with the people.
They love entrepreneurship is about creating systems that can scale an organization into something bigger than one person sure at some point they’re going to be the only employee of their company and they might even have a part-time job during a portion of their journey but authentic entrepreneurs only build companies that eventually produce revenue without them.
As Richard Branson once said entrepreneurs make money in their sleep. Freelancers technicians and employees don’t entrepreneurs are scale masters job creators and freedom generators they work with tenacity and intention they are addicted to their vision and at the core work is about solving problems.
if you’re looking to start a business to build a machine that allows you the freedom to be the spouse the parent the friend or the traveler you’ve always wanted to be then consider startup camp calm our 12-month step-by-step coaching curriculum will guide you to freedom instead of self-employment.
This wraps up another lesson on how to chase your dream and build the business and family you love we’ll talk to guests soon.
Hey guys I hope you liked today’s lesson but progress is about next steps.
Here are three next steps I’d like you to consider number
One subscribe to my channel here on YouTube each week I’ll be providing free lessons on creating the business and family you love
Number two you can watch my free webinar on how to start a business in 30 days by registering at webinar starter camp.
Third you can check out my blog where you can join the other 30,000 entrepreneurs who receive my weekly tips tricks and strategies email with free interviews podcasts ebooks and articles to help you chase your dream work is supposed to be fun life is supposed to be fun let me help you get there
Video Credit: Dale Partridge