What it takes to become a full time entrepreneur

by | F2B Podcast

Three simple words: Passion, proficiency, and patience.

Full Transcript:

As many of you know, in January of 2021 I was able to go ahead and take the leap from doing my small business as merely a part-time endeavor and taking it full time, it becoming the main, sole income source for my family.

Making that leap was a very scary thing.  It’s also been the best decision that I have ever made.  It has given me a new kind of freedom and flexibility that is really infectious and I can’t stress enough, although this is a different episode topic.  The importance of having systems and processes in place that help you be able to actually be able to get that flexibility and freedom that you might desire as somebody who wants to go full time in business.  I know so many people who end up going full time and then they become a slave to the business.

At this point I am not at that stage.  There are busier times than others.  Right now I am in the middle of a couple of launches so it’s kind of a business season, but I’m not working 12 hour days all the time.  The reality is that I used to.  When I was doing work full time and on the business, I was probably doing more than a 12 hour day.  I think that it’s really important.  But in this episode I want to talk about what it takes just to become a full time entrepreneur.

While they are many things that could be said, there are three things that I think have contributed for me to becoming a full time entrepreneur.  I think all three of these are necessary and there may be more that’s needed as well, but these are the three necessary things I think.

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The first one is passion.  If you’re not excited about what you’re doing, then do something different.  Because what else do you have?  You’re going to spend all your time doing something you absolutely hate, and for what?  For money?  That makes no sense.  I understand having to get a job and support your family.  The Bible says that a man who will not support his family is worse than a sinner.  So you need to be somebody who is working and taking care of your family.  That may mean doing work that is not always right up your alley.  However, what I’m talking about here is optional.  You don’t have to do this.  You get to do this.  It should be something that you are radically passionate about.

The second thing is proficiency.  If you’re not proficient at what it is that you’re doing, you’re not going to end up doing it for very long.  And why?  Because nobody is going to hire you to do it if you’re not good at it, nobody is ever going to pay you money to do it for them.  So there has to be passion, but then there has to be proficiency.  There has to be a willingness to improve teachability and things like that that go into being proficient at a skill.

Finally there is patience.  It really takes patience to grow a business and to do it right.  Sure there is growth hacking, there are things that you can do to scale fast, but almost all of those things are ultimately detrimental to your business in the long term.  It took me five years, and that’s a short amount of time if you ask some people, but it took five years from the inception of the first inkling of an idea that I wanted to get into business until I could make that leap into doing it full time.  And the beautiful thing is, the way the world is, you could be in business today.  Before the end of this day, whenever you’re listening to this, you could be in business.  You could have a small little website.  Seriously, it’s that quick.  You could put up a Facebook group and you’re in business.  But to really do it right, and to do it for the long term, you need to do it in a way that is consistent and build systems, things that you’re proud of, you need patience.

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So passion, proficiency and patience.  You need all three of those things ultimately in order to become a full time entrepreneur.

I appreciate you listening and we’ll see you in the next episode of the Faith-Full Business podcast.

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