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These days, everyone with a MacBook and a blog thinks he’s an
entrepreneur. Well, here’s a little tough love for the entrepreneurial
generation: Calling yourself a CEO doesn’t make you one and a small army
of Twitter followers doesn’t make you a leader, either.
As a wise VC who’s name escapes me once said, “There are entrepreneurs and there are
Entrepreneurs.”
Not to dash your hopes and dreams, but the truth is the vast
majority of you simply aren’t cut out to be entrepreneurs or leaders. I
know you don’t want to hear that, but it’s true. And the sooner you
realize you’re not going to be the second coming of Mark Zuckerberg, the
better.
Don’t get me wrong. It’s great to reach for the stars. As Robert
Browning said, “A man’s reach should exceed his grasp.” But having grown
up in the high-tech industry and worked with hundreds of real CEOs,
VCs, and
Entrepreneurs for decades, one thing I can tell you is the word has become so overused, it’s almost meaningless.
So while there is no one-size-fits-all model for true entrepreneurs,
in my experience, there are some things they seem to have in common.
This might surprise you, but what sets them apart isn’t some laundry
list of attributes. It’s their actions. What makes them unique is what
they do and, perhaps more importantly, what they don’t do.
1. They don’t think about work-life balance.
They’re mostly workaholics. What that means is their work comes
first. It’s what they live for. They’re not freewheeling, fun-loving
people who live for the weekend. They live to do what they love, and
that’s work.
2. They don’t try to be what they’re not.
Probably the most damaging business myth to come along in
decades is personal branding. You are not a product, and you can’t
change who you are. Besides, real entrepreneurs don’t think about
themselves. They think about their ideas and how to turn them into great
products and services. And they deliver.
3. They don’t do it for the money.
They don’t whine about how hard they work for peanuts. They
just do it. And because they’re passionate about what they do and
focused like a laser beam, the money eventually comes, big-time.
4. They don’t have day jobs.
Great entrepreneurs don’t just dip their toes in the water.
They jump in headfirst without a thought about the rocks below. They
don’t do a little of this and a little of that. When they hit on
something they think is really cool and exciting, they go all in.
5. They don’t give in to fear.
They don’t pay attention to those voices in their heads – you
know, the ones that haunt you with everything that can go wrong. They’re
not fearless, mind you. Nobody is. They just don’t let their fear stop
them from taking risks. They do listen to some voices, though: the voice
of reason and their instincts.
6. They don’t have grand visions.
While some do have grand delusions that they’re destined for
greatness – a prophecy that’s often self-fulfilling, interestingly
enough – for the most part, they generally don’t have grand visions for
their companies. Zuckerberg, for example, wasn’t trying to create a
company. He just wanted to rate the looks of fellow classmates.
7. They don’t have virtual mentors.
Most people follow all sorts of writers, bloggers and tweeters
these days. That’s fine, but to get somewhere in life, to do great
things, you have to have real mentors in the real world. Former Intel
chairman Andy Grove mentored Steve Jobs. Jobs, in turn, advised Google
founders Larry Page and Sergey Brin. Behind every great entrepreneur is
at least one great mentor. A real one.
Most importantly, real entrepreneurs don’t call themselves
entrepreneurs. They don’t do what everyone else is doing. They don’t
follow the status quo, conventional wisdom or popular fads. They carve
their own unique path. They’re leaders of their own destiny. That’s what
drives them. And that’s why they succeed.