Entrepreneur, Wantrepreneur: Big difference

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Author: Mario Cruz
Publisher: Miami Herald
Date: December 17, 2014

This month’s phenomenal Sime MIA has allowed us to meet like-minded entrepreneurs and champions for the Miami tech scene, while getting great content and inspiration from an amazing lineup brought together by Demian Bellumio. During one of the talks, Susan Amat, a friend and respected Entrepreneur in our community, had this to say, “You don’t build a company by going to events or just networking; you build it by sitting down and working ridiculous hours.”

Lately, in Miami’s tech scene, I’ve noticed lots of Wantrepreneurs, people who like the idea of successful entrepreneurship but do not exactly have the right mindset, perspective, discipline or direction to pursue it. These Wantrepreneurs do not want to risk their cushy jobs but want in on the growing Miami startup economy. They want to be a broker of ideas and network with all the past successful entrepreneurs, but they do not understand that ideas and networking are not what makes a real entrepreneur.

Successful entrepreneurs require mental toughness with the combination of a creative idea and a superior capacity for execution. In the process of execution, they are taking risk and offering a product customers love. They are also setting quantifiable goals about the product idea, measuring the results from the ideas and feedback from customers, and then they “Rinse and Repeat.” Today, product marketing, sales, pounding the pavement and other non-technical risks are actually causing more failures than technical risks.  Read more here.