What Does It Take to Be an Entrepreneur? The Real Answer Nobody's Telling You
Oct 30, 2025
Over 33 million small businesses operate in the United States, making up more than 99% of all U.S. firms. That's a lot of entrepreneurs. But here's what the business gurus won't tell you: most of them aren't running flashy tech startups or revolutionary products. They're running car washes, pressure washing businesses, vending machine operations, and HVAC companies.
The truth about entrepreneurship isn't what you see on Shark Tank. It's about finding practical opportunities, solving real problems, and building businesses that generate cash flow, not Instagram likes. If you've been stuck in a dead-end job working for someone who doesn't value you, or you're tired of making someone else rich while you get table scraps, then understanding what it really takes to be an entrepreneur matters.
This article breaks down the actual requirements for entrepreneurship, not the Hollywood version, but the real, boots-on-the-ground version that helps regular people become their own boss.
What Is an Entrepreneur, Really?
An entrepreneur is someone who starts and runs a business. That's it. You don't need an MBA from Harvard. You don't need to invent the next iPhone. You just need to identify an opportunity, take action, and manage the business you create.
The business world loves to make entrepreneurship sound complicated. They'll tell you about "disruptive innovation" and "paradigm shifts" and other fancy terms that mean basically nothing. Strip away the jargon, and entrepreneurship comes down to this: you see a need, you fill it, and you get paid for filling it.
Shaquille O'Neal understood this when he built a $400 million empire that includes car washes. Not sexy. Not revolutionary. But incredibly profitable. That's the unsexy business advantage, less competition, proven models, and steady cash flow.
The Entrepreneurial Mindset: What Actually Matters
Research shows that roughly 75% of startups fail. That sounds scary until you realize that most of those failures come from people chasing the wrong opportunities or giving up too soon. The entrepreneurs who succeed share specific mental approaches that have nothing to do with intelligence or education.
You Need to Be Comfortable Being Uncomfortable
Entrepreneurship means making decisions without all the information. It means dealing with uncertainty every single day. If you need everything to be perfectly planned before you take action, entrepreneurship will crush you.
But here's the thing—you don't have to love risk. You just need to be willing to take calculated risks. That means asking: What's the worst that can happen? Can I handle that outcome? What's the best that can happen? Is it worth the risk?
The entrepreneurs who make it aren't reckless gamblers. They're people who assess the situation, make the best decision they can with available information, and move forward anyway.
You Have to Want It More Than You Want Comfort
Let's be straight about this. Entrepreneurship means longer hours, at least in the beginning. It means sacrificing some of your free time. It means doing things you've never done before and probably don't enjoy doing.
You'll work harder for yourself than you ever worked for an employer. The difference? You keep the profits. You make the decisions. You build something that's yours.
If you're looking for work-life balance and predictable 9-to-5 hours, stay employed. But if you're willing to put in the work now to build something that generates income later, entrepreneurship might be your path.
You Need Thick Skin and Short Memory for Setbacks
Things will go wrong. Customers will complain. Employees will quit. Equipment will break. Suppliers will mess up orders. That's business.
Successful entrepreneurs don't let setbacks derail them. They handle the problem, learn from it if there's something to learn, and move on. They don't spend three days feeling sorry for themselves or questioning whether they should be in business at all.
Resilience isn't something you're born with. It's something you build by facing problems and solving them. Every challenge you overcome makes you more capable of handling the next one.
The Real Skills That Matter (And How to Get Them)
The business schools will tell you that you need expertise in finance, marketing, strategy, and operations. That's somewhat true, but you don't need to be an expert in everything on day one.
Business Basics You Can't Skip
You need to understand:
- Money management. Know how much comes in, how much goes out, and where your money is. You don't need to be an accountant, but you do need to track your cash flow. Businesses fail when they run out of money, not when they run out of ideas.
- Customer acquisition. How do you find people who will pay you? Whether that's online ads, door-to-door sales, networking, or standing on a corner with a sign, you need a system for getting customers.
- Basic operations. How does the work actually get done? What processes need to happen for customers to receive value? Map this out before you start.
- Problem-solving under pressure. Something will break. Someone will complain. An employee won't show up. Can you figure out solutions on the fly, or do you freeze up?
Skills You Can Learn as You Go
Here's the good news: you don't need to know everything before you start. Most successful business owners learned their most valuable skills by running their business, not by studying in a classroom.
- Marketing? Start with one channel. Get good at that. Then add another.
- Sales? Start by talking to potential customers. Ask questions. Listen to their problems. Offer solutions.
- Leadership? You'll learn this by managing your first employees and making mistakes. Everyone does.
- Time management? You'll figure this out fast when you're juggling multiple responsibilities.
The key is being willing to learn. When you don't know how to do something, you either figure it out, hire someone who does, or find a system that does it for you.
What You Actually Need to Start
The business advice world makes starting a business sound like climbing Mount Everest. It's not. Here's what you actually need.
A Validated Idea
You need to know that someone will pay you before you invest serious money. This doesn't mean spending six months on market research. It means talking to potential customers and asking if they'd buy what you're planning to sell.
For service businesses, this is simple. Call 50 potential customers and ask if they'd be interested. If 10 say yes, you probably have something. If nobody's interested, you don't have a business—you have a hobby.
For product businesses, test with a small batch. Sell it to friends, family, and local customers. See if they actually pull out their wallets.
Enough Money to Get Started (It's Less Than You Think)
Forget what you've heard about needing $50,000 or $100,000 to start a business. Many profitable businesses start with less than $5,000. Some start with less than $1,000.
Pressure washing businesses can start for under $2,000 in equipment. Vending machine routes can start with a few hundred dollars per machine. Window cleaning businesses can start for less than $500.
The key is choosing a business model that doesn't require massive upfront investment. That's the unsexy business advantage, you can bootstrap your way to profitability.
Funding options for when you need them:
- Your own savings (cheapest option, you keep all equity)
- Small business loans from banks or credit unions
- SBA microloans (up to $50,000)
- Equipment financing (pay as you earn)
- Revenue from pre-sales or deposits
Skip venture capital and angel investors unless you're building a tech company that needs millions to launch. Most businesses don't need that kind of money or the strings that come with it.
A Simple Business Plan
You don't need a 50-page document that nobody will read. You need to answer these questions:
- What problem am I solving?
- Who are my customers?
- How will I reach them?
- What will I charge?
- What are my costs?
- How long until I'm profitable?
Write this down. Update it when things change. That's your business plan.
The Willingness to Start Before You're Ready
This is where most people fail. They wait for the perfect time, the perfect plan, the perfect conditions. Those never come.
You start before you're ready. You learn as you go. You adjust based on what actually happens, not on what you thought would happen.
The entrepreneurs making money aren't the ones with the best ideas. They're the ones who actually started.
Building Your Business Without Breaking the Bank
The traditional business advice says to quit your job, go all-in, and bet everything on your dream. That's stupid advice for most people.
The Smart Way to Start
Keep your job. Start your business on nights and weekends. Test it. Grow it. Once it's generating enough income to replace your salary (and then some), quit your job.
This approach gives you:
- Income while you build
- Time to test without financial pressure
- The ability to make mistakes without losing your house
- Proof that your business works before you commit fully
Yes, it's harder. Yes, you'll be tired. But it's also lower risk and more likely to succeed.
Focus on Cash Flow, Not Pipe Dreams
Unsexy businesses have a massive advantage: they generate cash flow quickly. You're not waiting three years to be profitable. You're profitable in months, sometimes weeks.
A pressure washing business gets paid when the job is done. A vending machine business generates cash weekly. A local service business bills immediately.
Compare that to a tech startup that burns through cash for years hoping to eventually monetize. Which sounds more appealing when you have bills to pay?
Scale When It Makes Sense
Growth for growth's sake is stupid. Grow when you have more demand than you can handle. Grow when you've systemized your operations. Grow when adding capacity will actually increase profits, not just revenue.
Many entrepreneurs make great money running one-person operations or small teams. Don't assume you need to build a massive company to be successful.
The Unsexy Business Advantage
Let's talk about why the businesses nobody's excited about are often the best opportunities.
- Lower competition. Everyone wants to start a tech company or an influencer brand. Almost nobody wakes up excited about commercial cleaning or HVAC repair. That means less competition for you.
- Proven business models. You're not inventing something new. You're following a path that thousands of others have already proven works.
- Steady demand. People always need their cars washed, their offices cleaned, their lawns mowed, their appliances repaired. Recession or boom, these needs don't disappear.
- Lower startup costs. Service businesses especially can start with minimal investment compared to manufacturing or tech.
- Faster path to profitability. You can be making money within weeks or months, not years.
Shaq didn't build his wealth through one big idea. He built it through multiple unsexy businesses that generate consistent cash flow. That's the blueprint worth following.
Common Barriers (And How to Get Past Them)
Let's address the things that stop people from starting.
"I Don't Have a Good Idea"
Stop waiting for the million-dollar idea. Look around your community. What problems do people have? What services are people paying for? What businesses have long wait times because they can't keep up with demand?
Your idea doesn't need to be original. It needs to be executable and profitable.
"I Don't Have the Money"
Start with what you have. Choose a business model that requires minimal investment. Bootstrap by reinvesting your first profits.
Many of the most successful entrepreneurs started broke. They found a way to start small and scale with their earnings.
"I Don't Have the Time"
You have the same 24 hours everyone else has. The question is how you're using them. Can you cut out two hours of TV per night? Wake up an hour earlier? Use your lunch break differently?
Starting a business requires time. If you truly can't find the time, you're either not serious about it, or your current situation makes it impossible. Only you can decide which one is true.
"I'm Not Ready Yet"
You'll never be completely ready. You'll never have all the answers. You'll never have perfect conditions.
The entrepreneurs who succeed are the ones who start anyway. They figure it out as they go. They make mistakes, learn from them, and keep moving forward.
What Success Actually Looks Like
Let's set realistic expectations. Most entrepreneurs won't build $100 million companies. Most won't get featured in Forbes or appear on Shark Tank.
But many will build businesses that generate $100,000 to $500,000 per year in revenue. After expenses, that might mean $50,000 to $200,000 in annual profit. That's enough to live comfortably, support a family, and be your own boss.
That's success. Financial independence. Time flexibility. Control over your own future. No boss to answer to. No company that can lay you off when times get tough.
For some entrepreneurs, success means eventually selling their business for a life-changing amount. For others, it means owning an asset that generates income for decades. For many, it simply means having the freedom to work for themselves.
All of these are valid definitions of success. Don't let social media or business magazines convince you that you're failing if you're not building a unicorn startup.
Your Next Steps
If you're serious about becoming an entrepreneur, here's what to do next:
- This week: Identify three business ideas that interest you. Research what it would take to start each one. Talk to people who run similar businesses.
- This month: Pick one idea and validate it. Talk to 20 potential customers. Ask if they'd pay for what you're planning to offer. Adjust based on their feedback.
- This quarter: Start your business on the side while keeping your job. Test your systems. Get your first paying customers. Learn what works and what doesn't.
- This year: Grow your business to the point where it generates meaningful income. Once it's reliably profitable and you've systemized the operations, consider going full-time.
Entrepreneurship isn't about taking massive risks or betting everything on a dream. It's about identifying opportunities, starting small, learning as you go, and building something that gives you the life you want.
Take Control of Your Future
The corporate world will drain your time and energy while giving you the bare minimum in return. You'll make your boss rich while struggling to make ends meet. You'll spend the best years of your life building someone else's dream.
Or you can build something of your own.
You don't need permission. You don't need a business degree. You don't need someone else's approval. You need a viable idea, the willingness to work hard, and the determination to figure things out as you go. Everything else you can learn, hire, or systematize.
Ready to start your own unsexy business? Check out our Unsexy Businessmen Blueprint for a complete, start-to-finish guide on creating your own business. We've done the research, made the mistakes, and figured out what works so you don't have to waste time on what doesn't.
Stop dreaming about being your own boss. Start building the business that makes it happen.