Everyone Is An Entrepreneur — No Excuses!

She said, “Not everyone is like you. I’m not cut out to be an entrepreneur.”

BS! That’s just an excuse and I’m tired of hearing it.

Although I don’t consider myself in the “entrepreneur” category of podcasts, I am grateful to be on this attached list.

People often think being an entrepreneur is about risk taking. I hear this a lot: “Not everyone is cut out to be an entrepreneur.” Neither of these is true.

1) An entrepreneur DOES NOT take risks.

The entire job is to reduce risks. Else an entrepreneur will fail. There are many ways to reduce risks and I had to learn this the hard way.

Example: Before I started one of my companies, Stockpickr, I guaranteed an ad deal that would net me $90,000 a month starting immediately.

I had one partner, no employees, and no risk.

Otherwise I would not have taken the risk of going into that business.

Example 2: My first successful business, Reset, started while I was a full-time employee at HBO.

I stayed a full-time employee for 18 months, until Reset was generating enough money that I would not have to go down in income if I made the jump to full time.

And I had clients to make sure Reset would stay in business for at least another 12 months in the worst-case scenario.

This is how I cut out risk.

2) When people say, “Not everyone is cut out to be an entrepreneur,” I am confused.

An EMPLOYEE is the biggest risk taker.

It’s like the turkey that is fed well every day and then on Thanksgiving is surprised when the machete comes out.

Nassim Nicholas Taleb says the three greatest addictions are heroin, carbohydrates, and a stable income.

Even within the confines of working for a company, an employee must be an “entre-ployee.” Constantly connecting dots, looking for opportunities, seeking out the place least crowded, in order to find and then protect and grow their success.

At HBO, for instance, they didn’t have a website (1995), so I carved out my space there by going from lowly IT slave to being in charge of their website.

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