Updated: January 16, 2018
Do you want to have your own business? If yes, then when are you planning to start building it? If your answer is “soon” or “hopefully someday” then you’re a certified wantrepreneur; a term that refers to someone who WANTS to become an entrepreneur in the future.
Unfortunately, a lot of wantrepreneurs stay stuck and never reach that day when they finally become a full-fledged entrepreneur.
Reasons vary, but here are the 6 most common excuses I’ve heard. And how to overcome these self-limiting beliefs.
1. I don’t have time.
Yes, you do — but you just choose to do other things. You watch television rather than brainstorm for business ideas. You play games on your mobile phone, rather than learn business skills.
You have weekends and vacation leaves. Use those days to plan and start a business. Give it your highest priority and you will find the time.
2. I don’t have enough money.
Read business stories online, and you’ll discover that so many successful entrepreneurs started with little or small capital. If they can do it, then you can do it too.
You can search Google for the names “Trining Climaco”, “Manny Valencia”, and “Zenny Corcuera” if you want starting points for your inspiration.
3. I don’t have a good business idea.
Have you ever tried looking for one? I’m talking about doing research for good business opportunities and not just brainstorming ideas in your head.
Commit to an idea hunt, and dedicate time each day to look for them. Sooner or later, you’ll stumble upon a business opportunity with great potential.
4. I’m too old, it’s too late.
Again, you can search for business stories online. There are thousands of successful entrepreneurs who started late in life.
Here are several names to Google: “Harland Sanders”, “Ray Croc”, and “Wally Blume”.
5. I’m too young, people won’t take me seriously.
Alina Morse started her own business at the age of 9. Moziah Bridges was only 13 years old when he founded his own company. Kenneth Shinozuka is changing the world with something he invented at the age of 16.
These are just a few of the thousands of young entrepreneurs who became successful even before they can legally vote. Age is not a factor when it comes to business success.
6. I’m afraid of failing.
Most successful entrepreneurs failed on their first business. A lot of them failed so many times before they eventually found one business idea that made them into millionaires.
Everyone fails. And it’s okay to fail. What’s not okay is quitting your dream of becoming an entrepreneur. So go ahead and start — fail fast, fail forward, and you’ll succeed faster.