A Different Kind of Entrepeneurship

I know that there are lots of arguments all over the internet about whether entrepreneurs are born or made and of course the right answer is it’s somewhere in the middle. Some people’s nature would never make it as an entrepreneur and some people’s environment makes it impossible for them to be entrepreneurs.

However, I’m a strong believer that you get what you want. If your heart is set on being an entrepreneur then you’ll more than likely end up with that result. It’s hard to stop a person’s strong desire and passion.

I think one of the biggest problem we have is what we define as an entrepeneur. Don’t get me wrong. I think there is a very big difference between small business and entrepreneurship. For example, a mechanic runs a small business. Unless they have a dozen repair shops. Then, they become entrepeneurs.

However, I think we also love to glorify the entrepreneurs who get hundreds of thousand or millions in funding which they burn through like a women burns through cash in a shoe store.

My favorite is when groups define entrepreneurship by revenue. So what if you have $500k in revenue if you have $1 million in expenses. I’d rather have the entrepreneur with $300k in revenue and $200k in profit. It is certainly a different approach to entrepreneurship, but just as valid as the former in many cases.

The key for me is that an entrepreneur sees a way to make 10 times the amount they were making with the same amount of effort.

Plus, the reality when your an entrepreneur in a place like Las Vegas is you have to be smarter with your money since the investment dollars don’t flow the same way in Las Vegas (at least for internet startups in Vegas). I think this is a really healthy thing and it is why I’m glad to be a different kind of entrepreneur in Las Vegas.

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10 Responses to “A Different Kind of Entrepeneurship”

  1. Deila Says:

    I enjoyed your take on the entrepreneur–since that has been our livelihood in our home. My husband has had some traditional jobs, but always gets back to his vision — which now, after 30 years of working on is beginning to get traction — waste gasification to energy. But it has made for very rocky financial years. Even now, he is in Mexico getting funding. Btw thanks for your comment on my post at MMB on women working and staying home.

  2. John Says:

    You are a brave woman Deila and have a very brave husband. As you can see from the above description, I take a much slower approach to entrepreneurship. I’m just far too risk averse. Although, it sounds like I have the same entrepreneurial blood running through my veins as your husband. Or at least similar.

    I was happy to comment. I really appreciated your blog post. It was a wonderfully well reasoned and thoughtful post that wasn’t afraid to share a difficult view. It’s an important topic and discussion for any new marriage.

  3. Jerry Colonna Says:

    John, well said. I think entrepreneurship is a state of mind.

  4. John Says:

    I agree Jerry. Although, I guess I’m saying that it’s a state of mind that can be satisfied even without taking enormous risks. Just takes a different mentality than is taught in the tech startup hubs.

  5. Jerry Colonna Says:

    Perhaps it’s our mutual responsibility to reinforce that message.

  6. John Says:

    Much like I do in my businesses, I’ll keep grinding away with that message. I think too many people underestimate the power of ongoing persistence in the internet world. Persistence is rewarded very well online.

    Another way I’m working to get this message out is by helping to bring Startup Weekend to Las Vegas: http://lasvegas.startupweekend.org/ Talk about stripping away the baggage of “running a startup.” Nothing does that better than the concept of Startup Weekend I think. If you want an escape to Las Vegas Jerry, we’d welcome you with open arms at the event.

    As a side note Jerry, I’m honored to have you comment on my blog. My only complaint about your blog is that you don’t post more often.

  7. Jerry Colonna Says:

    Hey John…I think persistance is rewarded in the offline, non-digital world as well!
    I think it’s great that you’re doing a startup weekend in Las Vegas. Would love to support it and while I tend to use Vegas as a means to go to places like the Grand Canyon and Red Rocks, I wouldn’t mind a trip there. But my 13 year old graduates from Middle School that weekend. And I’ll be home being the proud papa.

    Thanks for the kind words about my blog. I wish I could write more as well.

  8. John Says:

    A very very fine choice! Family first!

    Next time you’re in Vegas, I’d be happy to take you out to Red Rock and enjoy a nice hike.

    I really enjoy it up there. My wife’s birthday is in a couple weeks and I’m booking a plane ride to the Grand Canyon. Helicopter ride through the canyon. Raft ride down the river. Helicopter ride out and plane ride back to Vegas. I can’t wait. It will be my first time to the Grand Canyon. Just don’t tell her. It’s a surprise.

  9. Josh Says:

    Hey John,

    I completely agree with the statement ‘So what if you have $500k in revenue if you have $1 million in expenses. I’d rather have the entrepreneur with $300k in revenue and $200k in profit’. Working for a start-up in Las Vegas, as ironic as this may be, has taught me the difference between a business man and an entrepreneur. The focus on money only makes you the first option and snuffs out the second.

    Thank you again for a great article!

    All the best,

    Josh Weaver

  10. John Says:

    Thanks for stopping by Josh. Glad to interact with another entrepreneur in Las Vegas. We’ll have to connect more.

    Also, did you see this new Las Vegas startups blog that I’m helping to start: http://www.vegasstartups.com/ We’re going to bring the tech startup community in Las Vegas together one way or another.