Entrepreneurship. Education. Experience. Equity. Energy. Emotion. Example. Excellence.
You may have heard me mention Vision, Ambition, Execution, Persistence, Luck, Timing, Focus and Resiliency as ingredients required to succeed as an entrepreneur. But not everyone is an entrepreneur (i.e. risking their capital and organization resources to pursue an objective). That doesn’t mean you can’t have entrepreneurial success. With education and experience, you can strive for excellence with energy and emotion, leading by and setting an example – building your equity over time in your course to success. I’ll expand on what I mean by energy and emotion – which have to do with momentum & convincing others.
Privileges & Putting Yourself in Position To Succeed
The other day this popped up in my feed.
Daymond John is now known to many as an investor on Shark Tank. But to me, Daymond will always be the entrepreneur who built FUBU, and an example of how people can improve their lives with action. John mortgaged his house to fund FUBU; something I can appreciate, since I mortgage my place in 2011 after I’d already indebted myself after having poured every penny I had in WatchMojo. To put into words the sacrifices and gamble I took isn’t even really possible; but I acknowledge that entrepreneurship is a privilege because a single mother can’t quit her job to launch a business, neither can an indebted student coming out of school. Thus, entrepreneurship may be a calling to some, a journey to others, but for many, it’s a target in of itself: putting yourself in a position to even contemplate that path. Then I came across:
Indeed, entrepreneurship is a means to an end, the end is betterment of your plight. I’ve covered the importance of ownership for over-looked groups before in particular its role to address socio-economic inequality in the context of the BLM conversation (read the article or thread below):
I have outlined our plans for The Academy which will blend experience with education to help bridge the gap for young professionals seeking to excel in entrepreneurship. I recognize that entrepreneurship is a privilege – it’s admittedly more complex than simply asking “what’s your excuse now?”
It’s also certainly not for all: it takes a particular creature to pursue entrepreneurship. As we begin to cover more areas of business and investing, entrepreneurship and operating on this website, hopefully you can make up the experience gap by learning from my mistakes and building upon our successes.
And if you have any questions, feel free to ask me or suggest topics you’re most interested in.