Tuesday, March 16, 2010

True Entrepreneurship

Why do you want to be an Entrepreneur? Is it because you have a desire to "be your own boss," retire wealthy at age thirty-five, go on exotic vacation trips, and have the freedom to spend your own time in whatever way you desire? Or is it because you want to make a name for yourself by successfully creating and building several Fortune 500 Companies? Or is it because you have a unique new idea for a product or service that will genuinely benefit humanity? There are many reasons Americans want to quit their grueling 9-to-5 day-job and start their own business. And the more selfish the reason, the more likely those Americans will fail in all of their attempts to become entrepreneurs. If you want to become an entrepreneur simply because you want to become a billionaire and live a more luxurious lifestyle, then, in all honesty, you're better off keeping your day-job. TRUE ENTREPRENEURSHIP IS NOT ABOUT YOU. True entrepreneurship is about LEADERSHIP. True leadership demands that you put the needs of your subordinates and clients first, and your own selfish desires last. True leadership demands that you build your business with a Vision that will outlive even yourself. True leadership demands that you inspire your subordinates to work together as a team to fulfill the Vision of the greater good that your business was created for. As long as your mind is clouded with short-term selfishness (i.e. I wanna own a mansion and a yacht!), you are totally unfit to fulfill any long-term Vision, and you are on the path of a selfish, reckless entrepreneur.