Category: Blog

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👑 types of entrepreneurs

Much of the business world is kinda getting carried away with the word “entrepreneur”…

And many are calling themselves an entrepreneur when they’re really not…

AND, not everyone is an entrepreneur, nor should we expect everyone to be.

Free Market Capitalism needs different roles…

AND THAT’S OK!

But –
I wanna share some insights on the differences (because an “investor”, “fast food franchise owner”, or “copy cat” isn’t an entrepreneur).

Here follows my small, non-definitive list of different types of business people:

en·tre·pre·neur noun /ˌäntrəprəˈnər,ˌäntrəprəˈno͝o(ə)r/a person who organizes and operates a business or businesses, taking on greater than normal financial risks in order to do so. NOTE: the following definitions are purposefully stereotyping

Entrepreneur, VC-Backed:

Own: Partial

Control: Partial

Risk Tolerance: Highest

PERSONAL Cashflow Level: Moderate until an IPO, if it happens

Time to Personal Cashflow: Once funded, immediate
They’re a creator, imaginary, disruptor, truly new Eg: Entrepreneurs that take cash on Shark Tank. I’m very against this. It’s freaky. I want the market to give me my paycheck when I’m selling something of worth, and not before that.

Entrepreneur, Non-VC Backed:

Own: Full

Control: Full

Risk Tolerance: High (less likely to lose their shirt if it fails, they own it all)

PERSONAL Cashflow Level: Low for a while, then grows big

Time to Personal Cashflow: Soon after traffic is consistent
They’re a creator, imaginary, disruptor, truly new, and a bit more scrappy than the VC-backed chaps. Requires moderate skills in marketing and sales.
Eg: Steve Jobs(He tried to get financing but was turned down. So he sold his car for $750 and Steve Wozniak sold his calculator for $500. Get after it)
Eg: Russell Brunson(He used funnels to sell funnels (imagine that, a product of his product) so his own money wasn’t at risk. Get after it)

Business Owner, Copy-cat:[not an entrepreneur]

Own: Full, dependingControl: Full

Risk Tolerance: Moderate (but they’re just copying someone else)

PERSONAL Cashflow Level: Moderate, they didn’t create anything

Time to Personal Cashflow: 
They’re usually not very creative. They can make good money “hacking” all the time but I’ve found those that stay there usually remain worried about money. It’s not that they don’t make money, they just constantly need to see what others are doing so they know how to act next, which takes focus off their own creativity, so they stay in a “hacking” loop.
Eg: Any product that was ‘second’ to a market or off-brand 

Business Owner, Franchisee:[not an entrepreneur (includes all working under commission)]

Own: Yes

Control: “Yes” (but it’s an illusion, so no)

Risk Tolerance: Low

PERSONAL Cashflow Level: Low

Time to Personal Cashflow: Slow, with little ‘perks’ 
Franchise Owners, in my opinion, are most desperate to be included as an entrepreneur. They are stuck in a business model that focuses their role solely on the product and operations, not actual marketing as it’s out of their hands. They bought a job and ‘entrepreneur’d’ nothing. The original builder was the only entrepreneur here.
Eg: Practically any fast food chain

Investor:[not an entrepreneur]

Own: Depends if it’s an equity, asset, or cashflow deal

Control: Depends how the business was valued and what type of contribution the investor is making (cash, talent, assets, relationships, etc)

Risk Tolerance: Low

PERSONAL Cashflow Level: Willing for low, but secure, with big exit plan

Time to Personal Cashflow: Usually needs cashflow back regardless of business health
It’s the other side of the “Entrepreneur, VC-Backed” coin. I have no problem when someone chooses to take on an investor to move faster, but only AFTER the market has said yes to them by paying the business lots of cash. An investor doesn’t have the option of simply giving cash. I’ve heard investors say that the only time when their investments in existing companies has worked well is when they’re personally involved (not a fund-and-dash), or there’s a brand new talent brought in for the company. 
Eg: Warren Buffet (who kinda ‘entrepreneur’d’ his style of investing)

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You Can Do WHATEVER You WANT! – Cesar Millan

“It’s not where you are at today or where you came from but where you will be at tomorrow.” ⁣
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These are the words of a man that embodies a TRUE “Rags to Riches” story. He is a world-renowned dog behavior expert, a New York Times best-selling author, a global public speaker AND the star of the hit show, Dog Whisperer. I am overwhelmed with excitement to bring you, Cesar Millan!⁣
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It’s not the events in our lives that define us, but the ENERGY we give to them! We ALL will face hardships, setbacks, false starts, tragedies, but it’s how you respond to them that matters. You can have ANYTHING your heart desires. It all has to do with the ENERGY you put towards it.⁣
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From humble beginnings, growing up on a farm in Culiacán, Mexico, Cesar crossed the border to California at only 21 years old, $100 in his pocket and not speaking a word of English. With the odds stacked against him, he MASTERED POVERTY and found happiness even with just $100 in his pocket.⁣
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In this interview, you will learn how Cesar’s ENERGY transformed his entire life and how he was able to channel his ENERGY to reach his dreams! ⁣
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He is breaking down the science behind how to sync your MIND, your HEART and your SPIRIT to unlock your SUPER POWERS hidden with you to be able to achieve ANYTHING YOU CAN DREAM OF!⁣
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You’ll learn how your energy can be your biggest HANDICAP or the separator that makes you WIN! ⁣
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ENERGY transcends race, gender, nationality, age, class, AND SPECIES! ⁣
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Your time is NOW to find the balance between your mind, body, and spirit, master the power of attraction and ACHIEVE YOUR FULL POTENTIAL!⁣

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How To Build Self-Belief?

Transformation is a mindset!
How to Build Self-Confidence & Self-Belief! – with Chris Powell and Heidi Powell

Self-confidence is the key to transformation, and transformation begins with KEEPING THE PROMISES YOU KEEP TO YOURSELF! No couple exemplifies this more than the amazing guests I have for you today.

They have BOTH transformed their lives from suffering from addiction and physical and mental pain to becoming world-renowned fitness and transformation experts, tv stars, and power couple.

Not only have they transformed their own lives, but have changed the lives of millions of others. There is no other pair I would rather have on the topic of TRANSFORMATION than Chris and Heidi Powell!

This POWERFUL and DISTINGUISHED couple breaks down the step by step process to CHANGE YOUR LIFE for the BETTER, not just in losing weight, but in every area your life!

Get an intimate look at how Chris and Heidi conquered their hardships, addiction, divorce, homelessness and so much more to becoming hit TV Stars on @ABCnetwork Extreme Weight Loss and transforming the lives of millions!

Regardless of what area of your life you are seeking a transformation in, this interview will provide you with the RIGHT STEPS TO TRANSFORMATION, and exactly what it takes for you to KEEP your promises to yourself.

It’s time to BREAK DOWN and BREAKTHROUGH! Your transformation is waiting!

Keep the promise you made to yourself and LISTEN/WATCH NOW!!!

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Ed Mylett – Eric LeGrand – Inspirational Reminder to NOT GIVE UP

From laying PARALYZED on a football field to becoming an inspiration to millions all over the world … NEVER GIVE UP! – with Eric Legrand This is possibly one of the MOST INSPIRATIONAL episodes of all time!

When life has seemingly destroyed you, it is YOUR CHOICE to STAY RESILIENT and TURN THINGS AROUND! It is such a blessing and I am HONORED to bring you this breathtaking interview with the one and only, Eric LeGrand!

On the football field playing for Rutgers University, LeGrand suffered a career-ending injury leaving him paralyzed from the neck down. Eric’s story is one of PERSISTENCE and INSPIRATION. He thought his life was over as he lay unable to breathe on the green turf, but HE DIDN’T GIVE UP.

In this episode, Eric takes us on the emotional journey of the terrifying experience of his injury. He reveals how he found RESILIENCE, PATIENCE, FOCUS and the FAITH to persevere even with everything stacked against him to become one of the most inspirational motivational speakers in the world.

Learn the skills Eric LeGrand used to start pouring FOCUS and ENERGY into SOLUTIONS instead of your PROBLEMS. This man has inspired me, along with millions of other people, and has taught us that it is not the events in our lives that happen to us, but what we do in response to those events that define who we are.

#EdMylett #EricLegrand #Motivation