5 Fundamental Differences Between Entrepreneurs and Everyone Else

As someone who regularly meets and speaks with entrepreneurs, there is one sentence I hate to hear and that sentence is “I want to be an entrepreneur.”

A person who says this sentence is most likely to fail in entrepreneurship. You don’t want to be an entrepreneur. You are either or not. And if you are an entrepreneur, you cannot do a regular job because you need to build and build instead of working behind a computer.

So, how do you know whether you are an entrepreneur or not? Here are 5 signs that you may be an entrepreneur.

You are willing to work hard without getting paid.

This point is very important, so it ranks first on the list. Many people read tech news and assume that starting a company means raising a monster round of financing and eventually buying yourself the Lamborghini dream.

Unless you’re already on the entrepreneurial path, you probably don’t know what’s involved and how hard it is.

I know of many entrepreneurs who have built their company over the years, failed to raise capital, and are still dedicated to success without any income to support their family.

I have to be honest, I have no idea how they do it. But if you’re so dedicated to your mission that you’re willing to take out a loan to make sure you have food on the table, there’s a good chance you’re resilient enough to be an entrepreneur.

When you fail, you celebrate.

Nobody likes to fail, right? Wrong. A good entrepreneur celebrates failure because they can learn from that experience and take advantage of those lessons to do better next time.

The journey of building a successful company is full of failures, whether it is on the side of execution, raising capital, going to market, or many other parts of the process.

Anyone who thinks they’ll just build the company and achieve success without setbacks along the way has never been an entrepreneur and probably never will be one.

The more competition you have, the happier you will be.

This is another very intuitive part of being a successful entrepreneur. If you’re opening a pizza shop and someone else opens the door, chances are you’ll be upset or at least worried.

However, when building a company, especially a technology company, competition must be celebrated. If another company is trying to solve the same problem as yours, it means the problem is real and there is a demand for a solution.

If you are alone in your scenario and there is no other company addressing your market, this is a real red flag for anyone who is going to engage with the company whether it is an investor, a potential partner or someone else. And.

The word ‘impossible’ excites you.

When you tell a regular person that something is impossible to do, they move on to the next thing. When you tell an entrepreneur that something is impossible, they will reply “hold my beer.”

Every service you use today was once thought to be impossible. Do you think when Uber’s founder pitched investors he thought it was possible to change the laws and build a successful company by turning all drivers into taxi drivers? He didn’t.

A good entrepreneur is really motivated by the words “it’s impossible”. A good entrepreneur makes the impossible possible.

When you hear about a problem, instead of complaining, you aim to solve it.

We all experience challenges in our lives, some bigger than others. Most people, when faced with adversity, can complain and enter victim mode.

A good entrepreneur, when faced with a challenge, focuses on building a product that will help overcome that challenge.

A novice entrepreneur focuses on their solution. An experienced entrepreneur pays attention to the problem they are trying to solve.

Before offering your solution to an investor, focus on the problem, the pain point, and how many people around the world have the same problem.

Once you have established that the problem is significant and widespread, then, and only then, should you focus on your solution.

It has been said that entrepreneurs are wired differently than most people and I believe this to be the case because if you examine an entrepreneur’s behavior without context, well Chances are you’ll be confused and even dismissed.

The opinions expressed here by Inc.com columnists are their own, not those of Inc.com.