Entrepreneurs have what it takes to succeed, while wantrepreneurs get discouraged easily and stop making an effort. This is the main difference. Entrepreneurs learn from their mistakes and are able to move on. They don’t let failures stop them.
Entrepreneurs believe in themselves, while wantrepreneurs believe it is the business that revolves around them. Entrepreneurs value their teams highly. They are aware that they can’t succeed alone, that their team is crucial for the growth and success of the business.
Entrepreneurs keep moving, while all wantrepreneurs do is whine. Entrepreneurs keep taking steps forward and making things happen. They know even the smallest steps forward count. Wantrepreneurs will be quick to find an excuse and start complaining when the going gets tough.
Entrepreneurs make active endeavors to get what they need. Wantrepreneurs, on the other hand, wait for it to be given to them. Real entrepreneurs do not wait for external financing or additional resources to get started and keep going. They work for their funding. They find ways to raise capital. Wantrepreneurs wait to receive the capital they think they need to get started.
Entrepreneurs are flexible, while wantrepreneurs are unable to adapt to changes quickly, or at all for that matter. When changes occur in the business environment, entrepreneurs are able to act on the spot. Frequently, they find new opportunities after a change. They can transform a negative change into something positive. For example, they penetrate an unknown market or find a better way of doing something.
Change worries wantrepreneurs. They get focused on the details, discussing every aspect of the change, even the most minute.
Entrepreneurs ‘passion drives them. Wantrepreneurs are driven by someone else’s passion. Confucius said: “Choose a job that you like, and you will never have to work a day in your life.” This is the essence of entrepreneurship. Entrepreneurs love what they do. They believe in their work. Wantrepreneurs just follow the trend.
Finally, entrepreneurs are innovative. They don’t wait for the next big thing. They know that not all successful products or services were original or unique. Often, the best idea is improving on something that already exists. Many successful businesses were launched because an entrepreneur needed something they couldn’t find. They filled a niche, fulfilled a certain demand, and had the perseverance to stay in it for the long haul.