Everyone strives to be smart in whatever they may be doing, with the ambition of achieving something great at the end of it all, but with this in mind, the reality is that smart people make the worst entrepreneurs. Yes, the more successful one may be, the more talents they have, the harder it turns out when running a business.
While one may think that being smart, motivated and talented would logically make someone the best possible candidate for entrepreneurship, unfortunately, this is often not the case.
The smartest people do just about everything better than most everyone else. They write better, plan better and reason better. They are better, until it comes to running a business. Then, they are not better; they are screwed.
There are only 24 hours in each day and a person does need to sleep, eat, shower and do certain other things. So, each day, this smart person tries to do everything himself, because he can’t stand someone else doing a job badly. Then, he is stuck with the one-man band “job-business” and ends up not being able to grow.
Ideally, smart people would just be able to convey their talents to others. But since the smart people are so used to doing everything themselves, they don’t learn the key skills for making their business successful, including automating and delegating as many tasks as possible. As a smart person, you need to use your smarts and talents to boil down their essence in an easy to follow format that anyone can replicate.
Smart and talented people also often have a skill for the unusual, complicated or different. Some of the largest, most successful businesses in the world aren’t staffed in their majority by the smartest people. They are actually staffed in large part by regular, average people. These successful entities have just a few people who are smart enough to standardize, automate and delegate the majority of the tasks in a way that can’t be screwed up by their average employees.
Being smart or talented isn’t going to help you unless you can use those smarts to figure out a way to simplify those tasks that will make a business successful. This isn’t easy, because it goes against everything that you have ever done and is counter to how you were taught to think. However, it is necessary for a business to succeed and why smarts and talent alone don’t predict entrepreneurial success.
Another issue with the smart people starting businesses is that they often have the most to lose. The smarter you are the more options you have available to you. You will be able to make a lot of money in a variety of fields and have room in your career to become promoted and make even more money.
This means that when you start a business, you have a lot more to risk than someone who makes less money and has fewer career options. This is often referred to as the “golden handcuffs” dilemma. Because you have more to risk, this means that you need to have a business opportunity that is going to provide an even bigger reward for it to be worth it to you.
Article by Vera Shawiza.