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.