Is it when you have made your first million?
Is it when you think like an entrepreneur does?
Where is the line in the sand – that point where you say to yourself, “here it is. From this moment on, I am an entrepreneur”.
Should you be worried about what other people think?
Is entrepreneurship a personal affirmation and nobody else’s business?
Do you have to wait until one of your peers announces to the world through their highly successful online presence, “today I am interviewing Lindsay Turvey, a successful entrepreneur”? At which point you look at them and think, “YES, I’ve made it! They introduced me as a successful entrepreneur and I’ve finally made it”.
Here’s what I think.
You are an entrepreneur when you feel like you are one. It’s a personal thing. You are a successful entrepreneur when the money is flowing in and you have all the choices you could wish for at your fingertips and the ability to make your choices and your ideas transpire.
I am entitled to say I am an entrepreneur because I feel like I am. I study entrepreneurship, I try to emulate what other entrepreneurs do to create income, and I aspire to create the lifestyle I desire. Lifestyle is one of the main benefits of entrepreneurship. You get to choose what you do to bring in enough cash to pay the bills and invest your time and money where it generates multiple income streams.
Entrepreneurs know that one of the best things they can invest in at the beginning of their journey is themselves. As they begin down the road of entrepreneurship, they tend to spend most of their investment funds learning how other people make recurring income streams. In other words, they educate themselves.
A quick scan of the world’s most successful entrepreneurs shows that many, when they have made more money than they need, turn to philanthropy, helping promote the welfare of others by donating money to a good cause. They do this because they know being rich and having boatloads of money also comes with responsibility. Most people don’t have this choice because they are stuck in ‘the system’ with one or two income streams they have to trade their time to maintain – the old ‘time for money’ trap.
When entrepreneurs become successful, their problems don’t become less than those who are not as financially stable. The main difference is they have more choices. They can choose to live where they like, to help whomever they like, and do what they want with their time. In short, they have the choice to live the life they want.
It is baffling to me why entrepreneurship is not one of the main subjects taught in schools, right up there with math and language. Some of the key skills required to be an entrepreneur are resourcefulness, confidence, and creativity. Surely these are things we want to be teaching children from an early age?
An entrepreneur is an investor; investing in themselves, in the businesses they own, and investing in making the world a better place based on their values and vision for the future. They lead the way for those who choose to follow them.
Not everyone is cut out to be an entrepreneur. Many people would rather live a safe and comfortable life, never really venturing out of their comfort zone for long. A percentage of these people will have a lot of baggage about money, saying things like, “money doesn’t grow on trees” or “not everyone can be rich” – excuses for the life they have.
Entrepreneurs take responsibility for themselves. They are constantly pushing their limits and often failing at things they attempt. They are comfortable with failure because they know it is one of the quickest ways to learn, fast tracking their success. They do things, try new ideas, and create new products constantly. They get what is in their head out into the world for others to judge whether it is of value and then move on to the next thing.
This is, for me, the start of a new phase in my pursuit of what I want for the next chapter in my life. Getting what is in my head out to the world for others to judge if it is of value.
The feedback will come, good and bad, of that I am sure. Let me know what you think. I’m not so scared of failing (anymore).