Are You an Entrepreneur or Wantrepreneur?

scalable startup

If _______, you might be an entrepreneur:

Many people think they have what it takes to be an entrepreneur. What they don’t realize is that they are actually a Wantrepreneur – an individual who continuously ponders, desires or wants to start a business, acts as if they are an entrepreneur but fails to take the steps necessary to establish and operate a business.

Scalable Startup Quiz: Are you an Entrepreneur or a Wantrepreneur?

  • Do you have an idea – a potential scalable concept?
  • Do you believe your next steps are to test your hypothesis and validate your idea?
  • Have you validated your concept?
  • Are you investing your personal funds into the opportunity?
  • Is your team of co-founders diverse and multi-functional?
  • Are you committed to your opportunity as demonstrated by your work ethic?
  • Are you already building the company for future equity growth?
  • Do you want to learn all you can from others and have a genuine desire to leverage the experience of others as you build a company?
  • Is your objective for that incremental dollar of investors’ cash to grow the opportunity, as opposed to paying off previous debts?
  • Do you focus on listening and understanding your customer needs?
  • Are you developing your opportunity utilizing “Lean Startup” philosophies?

If you answered Yes to any of these questions –  You are a entrepreneur with a potential scalable startup.

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Tony Lettich

Tony Lettich has previous Business Analysis, Business Valuation, M&A, and Venture Capital experience and currently serves as the Managing Director of The Angel Roundtable and a Partner in Sheehan, Lettich M&A Advisory. He is also a co-founder of FundingSage, which provides valuable information, tools and resources to entrepreneurs seeking to launch and build startups.