But is the trend of wantrepreneurs a good one or a bad one? Some may argue that having a good lifestyle is<\/em> what it\u2019s all about. Some will comment that they, in fact, would love to be in the shoes of the guy on that cruise! Others may also say that, after all, becoming rich is the end result of entrepreneurship, and the guy who shared it on social media is already there.<\/p>\n But those with a bit more experience know what it really takes to achieve success and that the stuff wantrepreneurs post is fluff and fake.<\/p>\n Related:<\/strong> The Dangerous Side Effect of the Entrepreneurial Bug No One Talks About<\/a><\/em><\/p>\n The wantrepreneurs, on the other hand, know very little about what it takes. In their hurry to become rich and famous, they are missing a big middle piece. It\u2019s like they are jumping from the idea of becoming an entrepreneur to the “now I\u2019m rich enough to splurge” phase directly. What\u2019s unfortunate is that they completely overlook plenty of stuff that happens in between. In fact, that\u2019s where the real action lies.<\/p>\n Entrepreneurship isn\u2019t about becoming rich and famous overnight\u2014and that\u2019s a statement I keep repeating over and over again. But then look at the trend, and you\u2019ll see that very few ideas that turn into startups actually succeed. Most of them last for a few months or a year max before falling apart.<\/p>\n Per Forbes<\/em>, approximately 90% of startups fail<\/a>. It is only a small 10% that succeed. And only 1% do very well.<\/p>\n This isn\u2019t anything new, but I\u2019m guessing that percentage would be a lot higher if people\u2019s focus wasn\u2019t so much on getting there immediately with as little effort as possible. Very few entrepreneurs are able to shape their ideas into a commercial business venture.<\/p>\n I really hope not. At the end of it all, it is the entrepreneurs and not the wantrepreneurs who can bring tangible change to the world. It is they who bring new ideas into the market with unique solutions and actually make them happen.<\/p>\n If you want to be sure this is the case, all we need to do is take a look at the world\u2019s biggest and richest entrepreneurs for inspiration. Take Mark Zuckerberg, for instance, who spent hours and days coding, rather than hanging out at awesome frat parties. Had he spent his time like most people do, Facebook would have been a non-entity and Zuckerberg a nobody.<\/p>\n However, today, he is one of the richest entrepreneurs the world has generated. The story of Bill Gates is similar. Entrepreneurship without hustle is nothing, and selling your software without even having it is about as hustle as it gets.<\/p>\n Since things are different today than\u2014say\u201415 years ago, maybe the word “entrepreneur” is indeed due for a rebranding. I\u2019m not talking about a rebranding in the sense of the wantrepreneur. No, I\u2019m talking about something new entirely.<\/p>\n The days of the door-to-door salesman making it big are long gone. The hustle has changed\u2014and that\u2019s a good thing. Because where previously an entire state would pretty much stop working after 5 p.m. since there was nothing to do anyway, that\u2019s no longer the case. If you\u2019re running a business, you can call people 24\/7 these days. That\u2019s why things have changed.<\/p>\n Instead of competitive pressure, that 24\/7 window is now turning into a window of flexibility. Sure, you still have to work 8, 10, however many hours a day. But you can work whenever you want, wherever you want.<\/p>\n The nature of work is changing, too. Where previously you had to literally do whatever it took, today you can make choices. I do this, this, and this. But I outsource that<\/em>.<\/p>\n Have only one hour of work to give away? No problem! Hire a freelancer or a VA. That\u2019s huge.<\/p>\n Time has become a commodity available to everyone, and you know what? People are actually starting to use it.<\/p>\n For all those who really want to make a difference, I suggest they “keep the entrepreneur alive.” But in a new way. Don\u2019t be one of the wannabes; instead, become the real deal.<\/p>\n And for the real entrepreneurs to understand what it takes, it is very important to learn from not only their<\/em> mistakes but also from the mistakes others like them<\/em> have made.<\/p>\n The best part of all this? Nowadays, you\u2019re finally able to live your life the way you want in the process. You\u2019re still going to be doing loads of hours, but you can do them however you want. There are no restrictions left.<\/p>\n For optimal results in entrepreneurship, it requires a tremendous amount of work.<\/p>\n New ventures need to grow quickly. The first year is crucial because slow initial growth only slows down the momentum for the years ahead. Alternatively, fast growth translates to an expanded customer base and a wider variety of work, which needs to be handled with improved strategies.<\/p>\n![\"Closeup](\"https:\/\/www.biggerpockets.com\/blog\/wp-content\/uploads\/2019\/11\/watch-time-efficiency-702x336.jpg\" "\\"\\"")
<\/p>\nSo Then, Is the Word ‘Entrepreneur’ Dead?<\/h2>\n
Become a ‘Lifestyle-preneur’<\/h2>\n
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<\/p>\nKeep the Dream Alive<\/h2>\n
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