Questionable reasons to become an entrepreneur #1 – My friend did it, so can I

Questionable reasons to become an entrepreneur #1 – My friend did it, so can I

By Rajesh Setty on Wed 19 Dec 2007, 6:05 PM – 8 Comments

When you watch someone you know take the plunge and become an entrepreneur, it seems like may be you can do it too. What is “visible” is only the “actions” taken by this person (like writing a business plan, meeting with investors, raising money, incorporating, creating product, getting early customers, getting media attention…). It may be tempting to see that you can “copy” the actions taken by this person and repeat the process and you can be successful too.

However, upon close observation you will also notice that there are a ton of things that are “invisible” about this person. These may include but not limited to the person’s

* history

* network

* knowledge

* skills

* support (especially family and friends)

* drive

* self-esteem

and so on.

While the actions can be copied, the “sort of invisible” attributes are hard to copy.

These attributes are not exclusive to the other person. You probably have all these attributes and a healthy dose of them too. However, the make-up of these attributes in that person’s case may be “right” for life as an entrepreneur and in your case they may not be.

The wisdom is to recognize this early enough so that you can avoid suffering later.

Happy holidays to all of you.


Next in the same series: #2 – You want to get out of the box


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8 Comments so far, Add Yours

Deepika  on December 20th, 2007

Great Post, Rajesh.

The network, relationships, knowledge, skills, support are a person’s gold.

One who is gifted with this wealth has the capacity to reach his/hers maximum potential.

Venkk  on December 20th, 2007

Hi Rajesh,

When you say the “right” make-up of attributes are requied for enterpreneur, do you believe not everyone can be enterpreneur? If so how can one determine this “early”? Also is there anything one can do about it?

I would appreciate your response. Happy Holidays!



Rajesh Setty  on December 20th, 2007

Thank you Deepika. I think you are a great example of how one can strategically grow all these areas quickly (relatively speaking).


Thank you for your email.

Honestly, I don’t have a “good” answer to your question. Personally, I think everyone can, provided they are willing to pay the price. Most people who want to be entrepreneurs don’t want to pay the “price”.

My $.02 of course.

Subba Reddy  on December 20th, 2007

Great post Rajesh.

I have been a big fan reader of your blog for long time. Your recent addition of pictures to blog posts proves “picture is worth thousand words”

Divakar  on December 20th, 2007

Excellent Blog. I am one of your Fan . Really Interesting and totally agreed.

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Leslie  on January 6th, 2010


Thank you very much. All your posts make a lot of sense.

I’m just in the process of setting up and I think these attribute: network, relationships, knowledge, skills, money are indeed an entrepreneur’s asset.

You reshaped my thoughts.

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