“Anyone can be an entrepreneur. Your neighborhood babysitter is an entrepreneur. Henry Ford, founder of the Ford Motor Company, was also an entrepreneur. Anyone with a little initiative can be an entrepreneur. So don’t think entrepreneurs are special or better than other people.
Being an entrepreneur is not that big a deal. It’s just a matter of deciding what level do you want to play the game.
Your job is to decide which entrepreneur you most want to be like—the babysitter or Henry Ford. They both provide a valuable product or service. Both are important to their customers. Yet they both operate in very different spectrums, different bandwidths of entrepreneurship. It’s like the difference between sandlot football, high school football, college football, and professional football.”
ALL economic conditions – from being in debt to being a millionaire to controlling a country’s taxes to being a global philanthropist – exist in the 9 levels of the Spectrum. A wealth gap makes us powerless. An entrepreneur ladder allows us to start climbing”
Sometimes the leadership level of the entrepreneur does not match the impact level of the company, and like a mismatched pilot and plane, it can lead to disaster.”
With growing company entrepreneurs, the self-indulgence is a need for instant gratification with your time similar to how many startup entrepreneurs level are stuck in instant gratification with their money. They lose their money, and you lose your time. Investing your time in building a plumbing system maintained by others is a different level of freedom waiting for you.
As an entrepreneur, you may see your limited growth is a current cost to you, but a mentor of mine, Roger Hamilton believes that actually your limited impact is your future cost. As long as you are relying on yourself for all your major strategic decisions, you are the bottleneck in your own legacy. Your results are largely limited by your own time, and your opportunities are limited by what passes your way, rather than what passes through your environment and picked up by others.