The Worst Word in an Entrepreneur’s Vocabulary

https://www.entrepreneur.com/article/308878

This article loosely relates back to the differences between “opportunity” entrepreneurs and “necessity” entrepreneurs we discussed last week. The article was written by two consultants who claim that entrepreneurs typically fall into one of two categories: “desperate” entrepreneurs or “inspired” entrepreneurs. As you may expect, desperate entrepreneurs typically are just trying to get by, while inspired entrepreneurs are chasing a vision. However, both types of entrepreneurs need to avoid complacency. The modern business environment is constantly changing, and businesses must adapt in order to survive. This article puts forth several strategies entrepreneurs can utilize in order to stay relevant

One thought on “The Worst Word in an Entrepreneur’s Vocabulary

  1. I think that any entrepreneur, be they “inspired” or “desperate” was at some point dissatisfied with the status quo. That dissatisfaction gave them the fire to create their own solution.

    I was hoping the article would touch on the psychological changes of an entrepreneur who starts out as “desperate” is successful/dogged enough to reach the point where they would be categorized as “inspired”. What drives them then? Is it still dissatisfaction? If, like the article adamantly proposes, a successful entrepreneur can never allow themselves to become “satisfied”, at what point does the subjective interpretation of that word “satisfied” change? Is there always another peak to reach? Is that why so many successful entrepreneurs become serial entrepreneurs and leave their venture for another one?