Lesson: How to Be an Entrepreneur/ExerciseL1

Listening Exercise

Watch the video and complete the text according to what you can understand. You’re at your job. And so one day you had an epiphany. Why am I working for some other dude that I don’t even like that much when I can start my own business. Congratulations you’re an entrepreneur. Wait, hold it right there muchacho. Starting a business doesn’t actually make you an entrepreneur. And like many so called entrepreneurs, you’ll soon find yourself working fifteen hour days, will be hiring the wrong people and getting frustrated trying to manage them. And you won’t know how to fix the systems that make a great business grow. Suddenly you realize you didn’t create a business, you really just created yourself a new job and this new job kind of sucks. Here is the problem, the first thing you should’ve asked yourself is: am I actually an entrepreneur? Because, not everyone is. Yes see, people generally fall into one of three buckets: technicians, people who are good at doing the work; managers, people who are good at managing the systems people work in; and entrepreneurs, people who love building new opportunities out of, well, nothing. Now most people fall into the first two categories, right? Like, take Mike for example. The reason Mike wanted his own shop was because he was a great cupcake baker. But then he found out a very hard lesson. When a technician tries to be a manager or an entrepreneur, it just doesn’t work. So if you want to start a business, first decide what kind of person are you, then find partners who can help you in the other areas.