Should You Become An Entrepreneur?

Entrepreneurship may not be what you think it is.

Just before starting this article, I wanted to tell you that the audience I’m aiming at in priority in this article is young people who are interested in entrepreneurship. It might be 13 year old Jimmy who finds the tiktok videos about ferrarri’s and businesses cool, and it might also be a 30 year old dude who wants to change his career path.

Either way, it doesn’t matter. This article is here to guide you into a few basics about entrepreneurship that could help you launch yourself in this domain. Just know that entrepreneurship is a wonderful thing if it benefits the world, and that if you feel a true passion for it, then don’t hesitate to start your own business, if it doesn't hurt anyone.

Entrepreneurship is solving problems. This is the basic definition I offer for entrepreneurship. I could’ve said “someone who makes a living off of his own business”, but I prefer saying “solving problems”. Why? Because most people got a fake definition of entrepreneurship.

Just like Jimmy, who I mentioned in the introduction and who is a purely fictional character (even tho his situation is real), many young man and woman, or simply naive or materialistic people get into entrepreneurship for… materialism.

They saw the Andrew Tate video or the cool entrepreneur video, who is driving in the Ferrari with the cool music and the extra muscle-fit T-shirt and the watch and the latest macbook and iPhone.

Thinking that entrepreneurship = easy money, or that entrepreneurship = materialism is wrong and naive. If you ONLY join entrepreneurship for materialistic reasons, and you don’t do it out of passion but out of benefiting yourself, you will lose. I'm not saying you shouldn't have any desire for money, we all want money. But, it shouldn't be your ONLY driver.

Entrepreneurship is about giving value, about solving problems for others. The basis of entrepreneurship is to serve others and to make a contribution in the world in a more direct way than you can do if you just signed up to a corporate job. What I mean here is that entrepreneurship enables you to be free in the way you help people, and you can generate a revenue from it.

Instead of “contributing” to the world in a more indirect way such as working in a bank in the "storage" department (which undoubtedly is necessary for society to thrive but which doesn’t necessarily directly helps people in a direct, tangible, real way), you can help people by making self-help coaching sessions, and in this way, help people in a more direct, instant manner. And, you can generate a revenue from this. And, you can generate millions from this.

But it’s hard. And that’s the hard truth of entrepreneurship, it’s not a journey for the weak. Really, entrepreneurship is REALLY hard. One of the hardest things for most people is to learn how to use your time wisely. Most people doesn’t care much about improving themselves and being productive, so when they try to become an entrepreneur for purely materialistic reasons, they often end-up being 1) easely demotivated, and 2) unable to spend their time effectively.

Since they have the habit of being dumbly told what to do with their lives, they can’t decide what to do. So instead of starting to work, making a plan, and more, they simply grab tiktok and scroll.

That’s why many entrepreneurs are so unsuccessful. Instead of having a true passion for entrepreneurship and running after contributing to the world through their work, they simply focus on statistics, numbers, materialism, and what they could buy after doing a specific project.

Not saying that money is bad, as this statement is very stupid. Money is SUPER useful and very valuable in our society. Sure, if you’re a monk you don’t need money, but if you’re a man or woman living in society, you need money to prosper, as much as you can lie to yourself about it.

And, wanting more money and being eager to get money isn’t bad at all. It’s a false belief to think that wanting money or being rich = being bad. These beliefs are most times implanted in the minds of millions by religious books interpretations and religious institutions, which can have a truly powerful “conditioning” impact on people, and also because they believe that richness = greediness, because weirdly, if you're poor it's great to keep your property and not share it, but if you're rich... you have to share it all and become poor. Weird.

But, doing things ONLY for money or your own benefit is selfish, and it will only get you so far. Doing things for passion and from your heart in the intent of truly helping the world and/or people, is the right way, and, in this way, you can make much more money than you thought you could in the first place.

So, all of this to say: replace the inauthentic image of entrepreneurship you have, with the reality of entrepreneurship which is about solving problems and contributing to the world. Not only will it improve your confidence, mental health and more to work on meaningful projects, but it might actually bring you more results anyway, because you put in more energy and this energy is of much better quality than if you only worked for buying a Ferrari for example.

Also, before moving on to three key lessons of entrepreneurship, or the three key values you need to have, I’ll give you a list of the basic vocabulary you need in entrepreneurship, to understand a few things about your business. I’ll not give a definition, you can go and find that yourself.

Basic vocabulary:

Interest rates, bonds, stocks, churn, traffic, and customer conversion rate.

ACTIONABLE STEP: Search these definitions and write them somewhere where you can access them easily, in an understandable way (because economic experts like to use complicated words to speak about something very simple, so re-formulating each definition of each word and keeping it nicely for your future self is important).

3 key values for entrepreneurship:

Value 1: Hard Work

The first key value of entrepreneurship is hard work. There is no way around it. Even if you work 4 hours in the day, if these 4 hours are 4 hours of hard work, you're going to make progress.

If your business is a more intellectual business (writing, podcasting, speaking, content creation, etc) then you need to really work hard, almost to the point where your brain is tired and your quality of work drops. You might not be able to do this everyday or even every week if you have other priorities in life and if you have university, etc, but generally, this is a good metric to see if you worked hard.

Just try to work hard on your business everyday, and if you can’t, try to have bouts of 1 hour and 30 of deep work. Notifications off, everything off, preferably with a anti-sound headphone, and you simply focus on your work. No distractions, simply hard work.

Hard work means working hard on your projects and being totally focused (sessions of deep-work), but try to measure the work you do in terms of quantity and not time spent. For example, hard work could be writing for 8 hours and producing 3 high quality articles, or it could be writing for 4 hours and producing 3 high quality articles. You have the same result, for less-time. In this case, you’re much more efficient or effective (you produced as much work in two times (2x) less time).

Being disciplined is a major skill for hard work to learn. Discipline is when you do the hard work even when you don’t feel like it, and showing up even on days that suck. There is no easy way out of this: you simply need to show up and do the work even when it sucks. There is no shortcut, no easy way out. You can begin by showing up and doing the least, and then upgrading slowly the "difficulty" to then being able to show up and truly work hard. The goal is to build consistency and then work on quality.

Lesson 2: Patience

Patience is SUPER important in entrepreneurship, as much as hard work. In fact, both complement each other. You need to work hard, and be patient, because money doesn’t drop from the sky in only a few months. Sometimes it can take YEARS of work in order to see results. Look at Hamza Ahmed for example, since 2020 he worked on his youtube channel every single day, and he began making money after some time, and it took him up until 2023 to make his first million.

And, keep in mind that Hamza had a very rapid entrepreneurship growth. Compared to some other entrepreneurs, Hamza had a very fast success. Just understand that it takes patience, discipline and hard work in order to become successful, and this is true of entrepreneurship but it is also true of every single important and meaningful walk of life.

So, be patient. If you don’t see results, keep going. And you might ask me “Well, if I don’t get results, then what is keeping me from stopping entrepreneurship?”. And this is the third lesson, which we’re going to explore later.

For now, understand that patience is key, I cannot emphasize this enough. A trick that can help you when you feel like quitting: remember that if you feel like quitting, someone else felt like quitting too at the same moment in his life on a similar project to yours in a similar situation, and the reason why he has not succeeded, is because he quitted.

Literally, when you want to quit, it means you’re on the good path! Keep going! If you quit, you’ll be like the rest of “wannabe entrepreneurs”. If you feel like quitting, you’re on the good path, because that’s where most people quit. Don’t believe that most people quit at the top, the vast majority of people quit vey rapidly, at the bottom of the race, of the pyramid. If you keep a business for more than a few months you’re already doing great. Keep it up.

Patience comes with resilience. Resilience is being able to keep going at it, even if it hurts and you’re struggling. It’s being like a lion, you don’t let the prey out of your view, you keep fighting until it’s over. You can have days off, but in general you’re still there, hanging and fighting. You’re not just having fun in bozo-land, you’re actually being serious about your project and you’re working your ass off.

Value 3: Belief

This is the value that complements patience and hard work. At first, you work hard. Then, you struggle to stay patient because you don’t get the desired results as fast. And, what keeps you patient is the belief that one day you’ll succeed. This belief, this hope, is key to life.

I think that if you truly believe you’re able to win, you’ll eventually win. If there is a chance to win (you cannot become a boxing world champion if you don’t have arms), and you work your ass off on your business, you can succeed. This is what I believe in.

Belief is what keeps you going over the long-term, with discipline and patience and resilience. It’s believing that one day you will be rewarded of your hard work. It might not happen, it might not be true, but what’s the point of giving up? Why not diving into the unknown and continuing your project? One day it might flourish. So why not trying instead of backing up ONCE MORE in your life, not listening to your inner hope and intuition?

So, always believe in your projects, if they’re realistic and if they’re achievable. Even if there is 1% of chance that you become a millionaire, go for it. Ask yourself “Why not me?”. And it’s true, why not you? If other people that were less smarter than you managed to do it, why can’t you do it? If you put yourself to it, why can’t you do it? The reason why most people can’t succeed is because they don’t give themselves the means. Maybe they don’t want to or they’re too caught up in their comfort zone to even dare exploring these terrains. Either way, you can do it if you put your mind to it.

But remember that belief comes from action, and not the other way around. Work hard, and then belief will come. If you simply repeat to yourself "I will win" without taking action, you'll not win. If you repeat to yourself "I will win", and you make a plan, and you keep going at it for months or even years, and you work like a bulldog who doesn't want to let go grandma's shoe, then you're going to achieve the results you want, at least I believe in this philosophy.

How to find the right business for you

Agencies, marketing, dropshipping, reselling, content creation, community creation, coding, skill sharing, blogging, authoring, NFT’s, all these business models (and more) can be as equally rewarding as the other.

Now sure, there are markets, with sometimes more offers or more demands which pushes you to make more money or have more customers in particular areas, but trust me, if your goal is to make a flourishing business, any market you’ll search, if the solutions and the value you give are good enough, you can get a ton of money and customers.

The right business for you isn’t the latest TikTok trend or what Iman Gadzhi recommended or what could potentially make you the most money. I believe that the right business for you is the business that 1) you find meaningful in terms of contributing to the world, helping people, and your own growth and happiness and 2) that is sustainable on the long-term.

The right business for you is the business that fits you, authenthically. I personally love helping people, I love seeing people make progress from my advice and I like leading people. So, my niche (or the financial market I choose) is self-improvement and helping people, health, and spirituality for example.

The more precise your niche is, the more you can eliminate your comeptitors. My mistake, personally, was to choose a huge niche (the self-improvement niche), with a TON of content creators and a TON of articles and a TON of products sold every year. Even tho I know my articles are particularly good in quality, and that it’s rare to find so much useful information, I still have a thousand competitors.

And, that is why, I should’ve chosen a more specific niche, such as self-improvement and health for rich people who are aged from 35 to 45 years old, and who are very busy and who have children. In this way, I can adapt my content to this specific customer type, and erase most of my competition, whilst attracting a lot more customers in this niche because my content would be specifically for them.

So, to find the right niche, find the niche that helps you grow as a person whilst helping the world and other people and having a good possible amount of money to gain (you can make millions from the self-improvement business for example). In other words, if the hard work you produce is meaningful to you, it’s a great sign.

Also, try to do the following exercise: define your perfect customer avatar. Write down the characteristics of the perfect customer you want to have, and then solve his problems. Boom, you get a business idea. And, an other.

By the way, before moving on, I'm not saying my market (the self-improvement market) is bad, and it's not because a market is wide that it's bad, it's just better specific markets for specific people and specific niches with specific problems if you want to make a ton of money. When you get so specific about your customer that you even ask yourself if they truly have existing, similar people, that's when you get the monopoly of your market, and where you erase most of the competition.

A bonus lesson

Here is a bonus lesson about entrepreneurship that I want you to know. Learn to fail. Failure isn’t an enemy, it’s a way of learning and growing. Understand that, and you will open many doors to success in entrepreneurship.

EVERY successful people once failed, and a good group of them failed massively before winning. Understand that failure is only a transition, not the end. If you fail at launching your business and it sucks, good, you learnt your lesson. Maybe the hard work you’ve put into your business taught you skills you could use in re-launching your current business or finding another business.

Either way, use failure as a stepping stone for growth, not a stone to stumble from, and fall into quitter’s land. Reframe your mindset. Failures are opportunities for growth. I repeat, failures are opportunities for growth.

Let me repeat it one more time,

Failures are an opportunity for growth.

No successful person became successful without failing multiple times, sometimes even failing multiple times in huge ways. So, keep going, and use failure as opportunities for growth instead of stumbling upon the stone of failure and never getting back up.

Conclusion

I hope this article was of help to you. Remember that if you want to become a successful entrepreneur, self-improvement is key, and that is why our website is so useful, because it teaches so much about self-improvement that you’ll make faster progress than anyone else, for free.

Remember that entrepreneurship is a long journey, and that there is no quick fix or easy way out. You have to be disciplined and hard working and patient and have faith and accept failure to win. It’s the reality about being a winner.

As always, thank you for reading, and I’ll see you next time. Bye.

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