Entrepreneurship is not for everyone, but the key differentiator is not having a great idea or experience, but rather the willingness to take action, test ideas, and persist through failure; those who only discuss ideas without following through are unlikely to succeed, while those who actively pursue their ideas will naturally progress further and determine if entrepreneurship is the right path for them.
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Deep Dive
Is entrepreneurship really for everyone? The truth might surprise you.Added:
Yeah, but I don't think I'm any different. I think um I think a lot of people have ideas like that. Like you walk into a Buckey's and you see something about something that could be improved and people have these passing thoughts and they move on. I think that you become an expert at doing something about those ideas when you do something about those ideas. You just you get better at what you do, at what you test.
Cuz you've built up some kind of muscle, which means that you don't really care about It seems failure as much as the average person. And also in that particular case the average person might think, well, I've got no experience in doing that.
>> Mhm.
No No one has any experience in anything until they do it, right? Like every every expert started out as a beginner, right?
Sometimes though people try this and they learn uh doesn't give them energy. It's not for them.
That's okay. Now when they have ideas, they can know, all right, box checked.
It's not really for me that entrepreneurship thing. Someone else needs to do that. And great, good All the power to them. I just want people to answer that question for themselves. I hate seeing regret in people's faces. Like I have friends that want to start a business, they've always talked about it and I know they would be good at it. And I know it just eats them up and they have really really good ideas, objectively.
And I I just hate seeing them have that question for the rest of their lives. I just want them to to taste entrepreneurship.
Is it for everybody though? You know, you can think think of all your friends.
You can probably put them in groups of this person should, this person shouldn't.
And what defines who goes in which group?
>> [sighs] >> To me, it's how far they go in doing something about that idea.
Because I will have friends that will text me ideas or talk to me about ideas and then I never hear from them again about that thing.
I don't worry about them.
Right? I I feel like there's a selection bias at play. Like if they really want to do something about it, they would get a little further down the line. They'd follow up with me. They'd say, "I did this thing." Cuz I always give them tips and feedback. You should do this. You should try this. And they'll follow up.
And then, you know, at some point along the line it'll die.
Right? But if they don't get any further than just telling me their idea, then I don't I don't lose sleep over them. So it's kind of survived it's kind of sort of self-selecting itself anyway. It is.
Entrepreneurship. Yeah, absolutely. But then I have other friends that are like they'll follow up, they'll follow up, they'll follow up. And then and then it dies. Which is okay. A lot of my ideas die, too. And to me that's a signal that it was supposed to die. Right? I'll just move on to the next thing. Um so it's those people that maybe it I'm just biased and they look more like me, you know? Mhm. Um maybe that's not an accurate signal or not. But if they look more like me, then that's a signal that they they should get further down the line and actually launch something that gets to revenue. Yeah. In your head, think of one person you know that should never start a business.
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