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.