Are you a student or a do-er?
There are two types of people in the entrepeneurship space.
Students and Do-ers.
The students are often the types who enjoy consuming information. Often book smart by nature, they did well in school. They read a lot of business books, take a lot of mastermind courses, and work on mastering life hacks that will help them develop as a person and an entrepreneur. They tend to be big believers in having a mentor or mentors.
On the other extreme, you have the do-ers. These people who plunge headlong into a new venture without first making sure it’s viable, never listen to what anyone else has to say, and learn by doing, failing, and trying again. These types are usually street smart and more than a little cocky.
I believe most of us are somewhere on the spectrum between these two extremes, but each of us leans slightly toward one way more than the other.
We all know the students who take all the courses, have a ton of ideas, and watch all the gurus, but never actually do. And, we all know those impulsive do-ers who suffer many unnecessary set-backs due to lack of research, planning, and strategy, or a failure to take the market into account.
Which is better or worse? I personally think without question that the do-ers are more likely to succeed. However, they still need to do their homework. Approaching business impulsively or impatiently is not a smart way to go and is probably a great recipe for disaster. There are famous entrepreneurs who clearly lean more one way than the other, but even the more studious ones had to eventually face their fears, leave the book-laden cocoon, and get out there and do it.
I believe a tad bit of pride or arrogance and self-belief is necessary to get started. It takes a little bit of cockiness or bravado to think that you can succeed where others have failed or have something to offer that the market will want. And, it takes a strong stomach and self-esteem to be able to handle criticism and rejection.
I also believe that the students can be very successful, but only if they get out there and do. They need to stop strategizing and endlessly planning and following and consuming and get their hands dirty. Often, it’s a fear of failure or a perverse obsession with perfectionism that holds them back.
I know, because I’ve personally struggled with both extremes at various points of my journey and I’ve seen people of both types fail and succeed.
Perhaps, if we borrow some of the qualities of each — intimately learning our business and our craft while at the same time trying things out, implementing as we learn, and being OK with failure, then we’ll achieve our dreams.