Wantrepreneurs Top 5 Excuses and How to Defeat Them

Wantrepreneurs are always wanting because by definition, they are thinking and dreaming about becoming an entrepreneur, but not taking the necessary actions to move forward.

That’s where the ‘want’ comes from, and where it stays.

The challenge for an aspiring entrepreneur is to recognize this conflict, and defeat it!

Forever Wanting to be An Entrepreneur? Maybe because of one of the excuses (Image by StockSnap from Pixabay)

The Excuses

The top 5 excuses Wantrepreneurs make for not starting an online business are a mixture of internal and external environmental conflicts.

1. Time

Wantrepreneurs say: I don’t have enough time to work on my business…

Lack of time is one of the top excuses wantrepreneurs make for not getting started. But in a world where everyone has access to multiple time saving devices, the excuse falls flat. There are many ways to gain more time in today’s world. From learning how to use schedulers, to outsourcing simple tasks, productive people have expanded the amount of time they use, not shortened it.

This excuse only needs 15 minutes a day to conquer. You can get up earlier, go to bed later, turn off streaming videos, put away the games, and start working on your business. You will quickly find that the more time you put in to work, the more time you will be motivated to find.

2. Money

Wantrepreneurs say: I don’t have enough money to start a business…

When a wantrepreneur says they have never started a business because of a lack of money, my first question is…how much money do you need?

No one is able to answer this question.

Not having enough money to get started is a myth, built over years by people who do not know the stories of entrepreneurs, and just assume…after they see them with money that they must have had money to start. But that’s rarely true.

Entrepreneurs are resourceful. If they don’t have money, they identify where they money will come from, or create the circumstances that generate money. For example, instead of assuming they are building a grand enterprise from day one, they start small and deliver a product that does not cost a lot to start. And then they build their enterprise later.

Decide on how much money you want, then you will find what you need to get started.

3. Connections

Wantrepreneurs say: I don’t have the connections all those other people must have…

Just like with the issue of money, wantrepreneurs see a successful entrepreneur with an impressive network and assume it always had to be that way.

But in fact, many entrepreneurs are isolated and alone. Their quest to start a business shuts them off from their network, because typically friends and family are content to go along with the status quo, and do not understand the entrepreneurial process. Many think it’s too risky, and not worth the stress and responsibility

If you don’t think you have the ‘right’ network, you’re going to have to create it. Find out who might be an entrepreneur you can connect with, and ask them for a sit-down. Prepare your questions, think of genuine questions you want answered about the entrepreneurial journey.

If you don’t know anyone, read books about entrepreneurs and how they got started, watch videos, listen to their podcast interviews, and see what they say on social media. You can spend all your time with the network of your choice by choosing to be with them, and not with those who are not the pursuing the future you want to have.

4. Business Idea

Wantrepreneurs say: I’m not sure about my idea, everyone with laugh at me…

Everyone laughed at pretty much every world changing entrepreneur you can think of. It has been the challenge for entrepreneurs to stay committed to their plans in the face of a backlash. And usually that commitment comes from knowing that they’re right.

An entrepreneur sees an opportunity in the global marketplace…that’s the beginning. But unlike most people who may talk about an idea, the entrepreneur actually allocates their own resources – time and money – to trying to make the idea work.

People may laugh but they do not see what you see. So the best way to conquer this excuse is to actually bring your idea forward into the light, and let the opportunity speak for itself

5. Getting Started

Wantrepreneurs say: I don’t know how to get started…

The best way to get started is just to start. Yes, that might sound trite, but it’s true. Take 15 minutes today and research your business idea. Look up: How to start a [add your business here] online business, and take notes on the information you find.

Congratulations! You have started your business. If you keep spending time every day, 10 to 15 minutes, you will soon find that the momentum of having that daily routine makes you want to spend more time. As you learn more about how you could implement your business idea, you will become more confident.

If you want an action-by-action guide to getting started, check out my book Recast: The Aspiring Entrepreneur’s Practical Guide to Getting Started With An Online Business. You can learn exactly how to set the foundation for moving forward. The information may surprise you.

Understand Your Fear

For the most, your wantrepreneur excuses for not getting started with your online business are just saying you fear the unknown, and lack the confidence to try something new. Perhaps you don’t know how to be successful, because you don’t know what to do.

But the fact is, if you want any chance at all of having your business, you must do something. you know the outcome of doing nothing…is nothing, so by doing something you at least give yourself a 50/50 chance to have everything you want.

But if you don’t get started, you will never know if you could get there.

Learn How to Move Forward

If your online business idea has a strong why – you are more likely to remain committed and interested in making sure it’s a successful enterprise. Decide which factors are driving your interest in your business, and focus on those ideas whenever you think about moving on.

Getting your online business idea to work is a long game. You need persistence and the willingness to absorb the unsuccessful starts as learning experiences so that you can build on them and keep going.

Remember you are creating your business to deliver value, to fill a gap you see, or to make sure people have what they need. Set a plan and execute on the plan.…that’s how anything gets done.

Give yourself a chance

Summary

The Top 5 Excuses Wantrepreneurs Make to Stay Forever Wanting to Become entrepreneurs are:

  • I don’t have enough time to work on my business…
  • I don’t have enough money to start a business…
  • I don’t have the connections all those other people must have…
  • I’m not sure about my idea, everyone with laugh at me…
  • I don’t know how to get started…

And How to Defeat Them

  • Read Recast for the first ten actions to take, and personal development books for your mindset
  • Focus on your Why…what is driving you to create a business
  • Consider the value you will be delivering
  • Set a plan for your life…execute on the plan…that’s how anything gets done
  • Give yourself a chance

DISCLOSURE: Links to ebooks and physical products are Amazon affiliate links that earn for eligible purchases at no additional cost to you.