Differences between wantrepreneur and entrepreneur?

Can someone share about what is the difference between a wantrepreneur and an entrepreneur?


United States

1 Response

Alfred Lee

Journalist at BEAMSTART. I write about breaking business news in the region.

A "wantrepreneur" is someone who is more caught up with the glamour of entrepreneurship, rather than building a business that is sustainable and solves a clear problem / need in the market.

Wantrepreneurs are typically people who exhibit these traits:

  • They have many ideas, but don't take action / execute.
  • They're starting a business as a means to boost their egos
  • They see themselves as "artists" rather than "problem solvers".
  • They think that entrepreneurship is about making lots of "passive income", while putting in minimal effort.

Personally to me, I don't think there's anything wrong with wanting to be an entrepreneur, but the journey will be a long and painful one for the wantrepreneur crowd.

That's because "real entrepreneurship" isn't as glamorous as the media paints it out to be.

  • It require lots of effort, often time many sleepless nights.
  • There's lot of worry — paying the bills, keeping the team, coming up with new solutions to grow the business .
  • You'll deal with a lot of entitled kids/staff who are a liability to the company.

If your "why" isn't strong, don't be an entrepreneur.

Latest Jobs

BEAMSTART brings you the latest news, database, and jobs from all around the world on startups, technology, and business. Stay updated with industry news, plug-in to exciting community events, and discover incredible career opportunities with the world's most innovative companies.

© Copyright 2023 BEAMSTART. All Rights Reserved.