Why You Don't Have to Be an Owner to Be an Entrepreneur | Entrepreneur (2024)

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If you're employed by an organization that you don't own, can you still be an entrepreneur? Sure, we tend to look at entrepreneurs as company owners or founders, not the people who might work for them. But that's not completely accurate. The truth is, all employees can be entrepreneurs, too. Most don't realize it and because of that, few have the keys to ignite their career.

That's why the latest Gallup State of The American Workplace report shows that "70 percent of U.S. workers are not engaged or actively disengaged at work." Some blame the economy. Some blame employer's apathy or disregard for employees. Some blame a problem with overall culture among U.S. companies.

I blame the employee.

Who do you think is more fulfilled in life: the person who works for herself or the person who works for other people? You actually ALWAYS work for yourself -- to support your family and to meet your other goals. In this way, you are already your own boss. So, why wouldn't you operate your career in the best possible way to make the most money you can while also achieving personal and professional satisfaction and while also making a difference or having a sense of belonging? Whatever your reasons are for working, you work for yourself. So why not start acting like you do?

Related: Microsoft's CEO Apologized, But He Was Actually Half Right

So what does it really mean to be an entrepreneur? How can you really be one even if you're not self-employed? I argue that you not only can, but that you should! (And if you read my work regularly, you know that there are very few things I tell people they "should" do.) To succeed today, being an entrepreneur is a requirement, regardless of your employment situation. The workforce has changed and it's time to evolve with it. No longer is it acceptable for employees to sit back comfortably waiting to move up the corporate ladder because of seniority. No longer do employers promise a job for life, and, if they do, few can deliver. No longer will you as an employee have one job for life.

The word "entrepreneur" has undergone a lot of changes, and we've created a range of new words based on it. You can be an Intrapreneur, Solopreneur, Mompreneur, Technopreneur -- the list goes on. My own business brand is part of this, The Occupreneur Coach. All of those names share more than just "preneur" in common. They all carry with them some sense of ownership. And this is why you can't let working for someone else be an impediment to truly owning your career.

Related: The Biggest Dating Problem Entrepreneurs Have

So, what's the best approach to be entrepreneurial in your career? First off, recognize that you actually are a "preneur" of some sorts. How well you are operating as such will determine how successful you are (or aren't) in your career. You must recognize this and then make a decision that you are going to own your career starting today until the day you retire.

Next, get it out of your head that your boss calls all the shots. That's the biggest excuse I hear from clients. I actually love hearing that because it's the first place I like to go with clients who are wondering why they hate their jobs. Start to think like a business owner, not a drone.

Now it's time to change your approach. Start to act like an entrepreneur—someone who is clear about what product they provide, who their clients are, what their time is worth, how their product is better than the competition, who the competition is, what makes them competition. Then spend some time making a marketing plan. Start by assessing how you market yourself now, both within your current company and to the outside world. Then decide where changes can be made. Observe those you see as more successful than you to give you ideas for improvement.

This is an ongoing process that requires your constant attention but it's necessary if you want to be competitive and successful in today's workplace. Since it starts with your attitude, it shouldn't feel like work and it will make your daily grind feel less like a grind and more fulfilling and enjoyable. So have fun with it!

Related: The 6 Words That Are Holding You Back

Why You Don't Have to Be an Owner to Be an Entrepreneur | Entrepreneur (2024)

FAQs

Why you can be an entrepreneur without owning a business? ›

Yes, someone can be an entrepreneur without owning a business. An entrepreneur is essentially a problem-solver who identifies opportunities and innovates to create value. Even an entrepreneur who is selling their business usually is still considered an entrepreneur after the sale.

Do you have to be a business owner to be an entrepreneur? ›

Does an Entrepreneur Have To Be a Business Owner? While not all business owners are entrepreneurs, all entrepreneurs are business owners. Entrepreneurs create ventures and therefore own a business. A startup founder in the tech industry, as an example, can identify themselves as both an entrepreneur and business owner.

Why can't anyone be an entrepreneur? ›

Not everyone knows what their passions are. Most people don't like taking risks. A stable job to afford basic necessities are good enough. You can't be entrepreneurial in all careers - actors, doctors, sportsmen etc.

What is the one question that every entrepreneur needs to answer? ›

What are my goals? Do I have the right strategy?

Can you be an entrepreneur alone? ›

As you embark on your path to becoming a successful entrepreneur, it is crucial to recognize that working alone may hinder your chances of achieving long-term success. While it is true that some individuals have managed to build successful ventures on their own, they are the exception rather than the rule.

What is the role of an entrepreneur as a business owner? ›

A person who undertakes the risk of starting a new business venture is called an entrepreneur. An entrepreneur creates a firm to realize their idea, known as entrepreneurship, which aggregates capital and labor in order to produce goods or services for profit.

What qualifies a person as an entrepreneur? ›

An entrepreneur is someone who has a mindset that enables them to think outside the box, has a willingness to take on risks, and easily steps into a leadership role.

What qualifies you as an entrepreneur? ›

While there is no magic formula for beings a successful entrepreneur, those who do succeed tend to have mastered the following set of skills: good and effective communication; being able to sell both themselves and their idea or product; strong focus; eagerness to learn and be flexible; and a solid business plan.

Who is an entrepreneur short answer? ›

An entrepreneur is an individual who starts and runs a business with limited resources and planning. This individual is responsible for all the risks and rewards of their business venture. The business idea usually encompasses a new product or service rather than an existing business model.

Can you be a lazy entrepreneur? ›

Firstly, when we talk about 'lazy' entrepreneurs, it's not in the context of lethargy or an aversion to hard work. Instead, it's about those who constantly seek more efficient, streamlined methods to achieve their goals. They're the ones who ask, “Is there a better way?”

What are the 3 questions every entrepreneur needs to be able to answer? ›

What are my goals? Do I have the right strategy? Can I execute the strategy?

Why everyone wants to be an entrepreneur? ›

As an entrepreneur, you seek the freedom to be your own boss while also exercising complete control over every facet of your business. This preference is often why conventional jobs aren't a great fit for entrepreneurs, as they offer neither and may not feel like much of a challenge.

What is the biggest advice for entrepreneurs? ›

“The biggest mistake new entrepreneurs make is not putting themselves out there. If you want to succeed as an entrepreneur, you need to show others what you're doing.” “Instead of praying an audience (or customers) will find you, get in front of people in your space.

What happens to entrepreneurs without business plans? ›

Without a plan, you will be so distracted trying to figure things out as they come that you won't see valuable opportunities for growth. You won't have the resources, time or focus to find ways your business can grow and become even more lucrative.

Can you be an entrepreneur without money? ›

While money can make it easier to start a business, it's certainly not necessary. If you don't have a lot of cash at your disposal, you can still fulfill your dream of becoming your own boss. As long as you're persistent, work hard and take advantage of all the resources available to you, you're likely to succeed.

Do entrepreneurs start their own business? ›

Many entrepreneurs start their own business to follow their dreams and fulfill their passion. Following your dreams will fulfill you in a way that working for someone else may not do.

What is the difference between a business and an entrepreneur? ›

Businessmen run their business for the primary purpose of making profits. Entrepreneurs intend to make profits but with a purpose of making a difference. They want to change the world by addressing a problem. They are passionate about providing unique solutions for problems in the community.

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