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Entrepreneurial Power Myths

Many Entrepreneurial power myths exist caused by misguided people who perpetuate them. Ideas like, “I can’t work for anyone”, “I do it for the money” or “I don’t let other people control what I do” are some of the biggest power myths.

Those are words from someone who lacks discipline and control over their own life. It comes from someone who is reckless and doesn’t understand that we all have “Masters” that exert power over us.

The Entrepreneurial Power Myths are a great problem for most of us, in fact, in the past, I’ve likely been the poster boy for the Entrepreneurial Power Myths.

Success depends on the work we do for other people. We are always working for someone else or were not getting paid. If you’re not getting paid, chances are, your perpetuating this Entrepreneurial Power Myth and need to reconsider why you’re doing what you’re doing.

I had this big epiphany this year, realizing nobody is going to hire someone who won’t do the job for them. I know, it sounds stupid, but many entrepreneurs fall in this category and this is likely one of the greatest reasons we fail.

Many people believe Entrepreneurs start companies to make a lot of money. That’s false, we start businesses because we love what we do. Entrepreneurship doesn’t guarantee a windfall, in fact, it’s not likely and we are taking huge risks that often don’t pan out.

The first and often the only person that makes money is the salesperson. If you want to make a lot of money become really good at sales and sell a ton of stuff. Don’t become an Entrepreneur. Most salespeople are horrible Entrepreneurs, but Great Entrepreneurs are often really good salespeople.

I’ll cover more Entrepreneurial Power Myths in the future, but for this post, the last one is “I don’t let other people control what I do”.

Entrepreneurs need to let others control what we do. If we don’t, we won’t have any customers, and we won’t make any money. Nobody will want what we are trying to give them.

We are likely to be successful when we understand who are masters are, giving them exactly what they need when they want it.  If at any time we forget who are masters are, we let our success quickly slip away. This happens even in the most successful businesses.

I want to hear from you. Tell me what you think of this post, do you agree or disagree?