You can call yourself an Entrepreneur when…

EntrepreneurBlogs1

Its not really such a great thing to be an entrepreneur. There’s no real “freedom” in it. People think that starting your own business gives you freedom. It doesn’t. When you work a corporate job where you only, realistically, work for 1-2 hours a day and you can leave your work at the office, then you have freedom.

Entrepreneurship == slavery. You are a slave to employees, partners, investors, a board, clients, potential buyers, reporters, landlords, random people off the street who try to come into your office and rob you, etc

On quora recently someone asked “When can I call myself an entrepreneur”. I’m happy to share some general guidelines:

If someone hasn’t had this experience, they shouldn’t call themselves an entrepreneur:

Lying awake at 3 in the morning wondering about:

A) I think I have to kiss a lot of ass tomorrow. Note to self: bring up with therapist that I never really feel like “the real me” anymore.

B) how am I going to make payroll next week

C) how do i solve the fact that Wade (employee #6) now has a bad attitude that is spreading to the others (i.e. they smoke cigarettes in stairwell discussing reasons they hate me. I know this because I tape-recorded it).

D) How do I deal with the complaints from client #1 about employee #3?

E) How quickly can I package this company up to sell the damn thing so I can sleep again

F) The site is too slow. How can i find a programmer who knows what he’s doing.

G) I have 8 new features in my head. Can I get them up on the site within 24 hours

H) I missed the insurance payment. I hope to god none of my employees get hit by a car this month.

I) Why won’t Client #2 pay his bills on time. Should I hire someone to break his legs?

J) Is it me? Do I need to improve my sales technique? Do I need to donate to someone’s charity again?

K) Why do I feel every pulse of my blood running through my whole body right now?

L) Is it 6am yet? Oh shoot, its only 3:05am. I’ve been thinking about all this stuff for only 5 minutes. Should I get up and work or try to sleep. I’ll try to sleep. I’ll count sheep. But only after I figure out how to make payroll.

M) My competitors are all better than me. And they all go to parties where they meet clients and make money.

N) Can I introduce my potential client to a potential girlfriend?

O) How come we didn’t get enough publicity for our launch? Is it because I’m not cool enough?

Oh, and if you have never used these phrases you shouldn’t call yourself an entrepreneur:

– “I don’t like to say anything bad about my competitors. They are all good guys and I respect their work. After all, this is a big enough field that we’ve all become friends. But perhaps the one difference we have with them is…” (to potential client)

– “The pay is not a lot right now but this is only temporary while we look at putting you into more of a management position.” (to potential employee)

– “This particular job is not fun but we have some fun stuff coming up that we can put you on.” (potential employee again. He is about to get screwed).

– “I can get that done by end of the week, no problem” (thinking: by end of month or two, no problem)

– “of course you have insurance” (to employee. Please dont get sick that week)

– “we have plans to open offices in various parts of the world” (to potential buyer, in front of map with pins in China, Paris, London, NYC, LA).

– “just come inside and sit at a desk” – to random people walking in street right before potential buyer of company visits

– “we want to work with you. Just tell us what you can pay and we’ll be happy.” (to get client to say ‘yes’ before you start telling him about add-ons)

– “of course its legal”

– (to secretary when taking prospective client out to lunch, in front of prospective client) “HOLD ALL CALLS. I don’t want to be bothered at all for the next two to four hours. This is a very important lunch!”

– “We can do that” (to anyone who asks you about anything)

– “I’m going to be personally involved in this project.” (me, to anyone)

– “your sales should triple after this” (to client who hires us)

– “I agree with you completely. I’m going to improve that.” (to client who tells you why he doesn’t like you)

– “chances are electricity in NYC will keep running on Jan 1, 2000 if you hire us” (I said to Con Ed, when hiring us for a Y2K project)

Oh, and you can’t call yourself an entrepreneur until:

–       You’ve logged at least 60,000+ useless air miles (in a 3 month period)

–       You cry with hands over your head thinking, ‘what the hell did I just do’ (remind me to tell you about the time I met Tupac’s mom)

–       You get a crush on at least one employee

–       You’ve gotten a 4 page email from an ex-employee listing all of the reasons they don’t like you anymore (now friends with that ex-employee)

–       You realize you’ve suddenly been defriended on facebook by a reasonable chunk of ex employees)

–       You think of four new businesses you’d rather be starting than this stupid one.

Howard Lindzon called me while I was writing this to see how I was liking the new blog design his guys did for me. I figured I’d add to the  53 things I’ve learned from Howard Lindzon so I asked him, “Howard, how do you know when you can call yourself an entrepreneur?”

I was sort of disappointed in his answer:

“You can call yourself an entrepreneur when you wake up at 3am and you are super excited to get to the office and begin the day.”

Related posts:

–       How to exploit your employer

–       What to do after you make a ZILLION dollars?

–       My best corporate job ever

–       How to turn your 12 year old into an entrepreneur

–       How to succeed in LA without really trying

Enjoyed This Post? Get Free Updates

  • http://twitter.com/selinajane Selina Jane

    I’d like to add:

    YOU MAY ALSO CALL YOURSELF AN ENTREPRENEUR WHEN:

    You build a devoted following (okay maybe just one or two) of insecure sadist haters who are desperately hoping for you to crash and burn.

    You forget to eat breakfast and lunch, and run to the washroom when you’ve held it for too long.

    You buy too many domains that you never use.

    You have at least one client who thinks they paid too much and got too little.

    You have ONE bad month and fear your entire business crumbling to the ground, only to be proven sorely wrong the very next month when things return to normal.

    You spend a large portion of the day with your face two inches from your screen, when you suddenly realize that you have a meeting in ten minutes and you haven’t showered or brushed your teeth.

    You have a ridiculously expensive and irrational phone bill from a business trip out of the country (you forgot to turn off data roaming again didn’t you?!)

    You get super happy looking at your bank account one month, and gasp in horror the very next month.

    And finally…

    You’ve had at least 2 or 3 failed projects and continue to create and launch new ones, because you know that it is all just a part of the process, a process that you have become comfortable and familiar with. You are undeterred by adversity and are a serial entrepreneur, even despite your best efforts not to be!

    • http://profiles.google.com/altucher james altucher

      Those are DEAD ON.

  • http://twitter.com/gowerk Rob Hernandez

    Sweet Jesus this was an awesome read. It’s refreshing to feel part of a collective group of sado-masochists aka entrepreneurs.

  • http://twitter.com/marissa marissa

    does howard still pronounce your last name wrong? you’re killing it over here!

  • http://www.facebook.com/cyrus.mulinge Cyrus Mulinge

    great stuff …..

  • http://www.facebook.com/cyrus.mulinge Cyrus Mulinge

    great stuff …..

  • http://www.facebook.com/cyrus.mulinge Cyrus Mulinge

    great stuff

  • http://pulse.yahoo.com/_3RWHZESRIGVIR7T66QZOHPANH4 mario g

    Man this is on the mark! What I would give for a job as a slave to someone that actually has money to pay me.

    I would also include …you can call yourself an entrepreneur when you call bailing on 5 land leases and selling your equipment on Craigslist to pay the pending cellphone and travel bill ‘selling the company’ (most of my friends think that means I sold for millions)

    from a stupid sucker of an entrepreneur who keeps lying to himself every morning at 4am (I get an extra hour of sleep)

  • Annette Carnow

    You know what your talking about. How about paying your employees triple what their worth, while you pay yourself nothing. And turning yourself into a walking doormat.

  • Anonymous

    Love it!

  • http://davidfishman.tumblr.com/ David Fishman

    +1 … fortunately in my case it’s the father-in-law!

  • Aprilnaction

    An entrepreneurial masterpiece. Refreshing and humorously true!

  • http://twitter.com/d_asopa divyanshu asopa

    i was feeling abit low.. struggling with ideas… start up.. you know everything.. and i m feeling much much better.. after reading all this.. thanks alot..

  • http://twitter.com/SEIZMICdesign Michael Powers

    Just found you a couple hours ago. One two year degree. One four year degree. Failed once. In a cube. Almost ready to fail again.

  • http://twitter.com/SEIZMICdesign Michael Powers

    Just found you a couple hours ago. One two year degree. One four year degree. Failed once. In a cube. Almost ready to fail again.

  • http://twitter.com/mikjnsn Mike Johnson

    Oh god, this struck me as hilarious yet painfully familiar… “Do I need to donate to someone’s charity again?” 

  • P Jaunne

    Great read. Found myself kept nodding as I went through the list.  Also good to know I am not the only masochist in town.

  • http://www.givejonadollar.com/ Give Jon a Dollar

    I’m going on 33 next month, and I have been in business for myself since I was 21. I had to count on my hand the number of my own failed businesses. Grand total of 7 thus far.

    I could and should write some war stories.

    One thing that could be added to the list above is…………”do I pay the utilities or my employee”? Or, “Why won’t they answer the phone call or email?” or “No, I can’t pay you, but I can barter with you.” :)

    I lived in the back of one of my businesses, no shower, as I would take my showers at my grandmother’s or mother’s place, or at the local YMCA. My car was so junky and beat down that I would park 1 or 2 blocks away before I would go to pitch someone sales wise.

    None of the above is even a blip on the radar. Just a few of a thousand inconveniences (change that, “blessings”) of being an entrepreneur. Especially, if you start with no money, no resources, no rich friends, no credit, and nothing but passion.

    (Note: It’s probably the best way to start actually. I’m thankful I didn’t find success at a young age. If I did, I would feel entitled, rather than knowing it’s something that should be earned and not given.)

    Of course, I owe people I care about, and don’t care about, thousands of dollars. In one way or another they paid for my screwups and my current real world education. It’s not pretty. It never is. You can press on or give up.

    If you don’t have the passion, if you can’t handle the word “no”, then you should still be an entrepreneur. Because the best part……….is when you provide awesome value to someone…………it motivates you to do it more.

    That’s the only trick, but it’s a hard one. Provide awesome value and customer service. You can sell socks door to door. You can make rice crispy treats and sell them on the street. You can scoop dog poop, delivery groceries to old ladies, or start a flyer service for local businesses. The possibilities are endless. The only limit is truly yourself and the endless boggle of your own mind and your influences.

    Be bold. You don’t want to be the old codger or codgette who always wonders………….”What if”.

  • Alex Pospekhoff

    Siting in my office, at the center of Moscow, I’m so proud that my problems of the early time are problems of entrepreneurs all over the world. Believe, in Moscow,Russia I’ve got to solve the same sh*t you mentioned! The world is truly ONE.

  • http://blogging4backlinks.com/ Anirudh Bahadur

    This is awesome. Lol.

  • ScoopingOprahDotCom

    My Oxford Concise dictionary defines entrepreneur this way: Person in effective control of commercial undertaking; one who undertakes a business or enterprise, with chance of profit or loss; contractor acting as intermediary. [French, entreprendre undertake]. It doesn’t say anything about employees.