- David Neagle is the founder of the multimillion-dollar global coaching company Life Is Now, Inc, helping thousands of entrepreneurs, experts, and self-employed professionals gain confidence and find the right mindset to increase their revenue, turning their endeavors into seven- and eight-figure ventures.
- He recently interviewed Gary Vaynerchuk for his podcast, "The Successful Mind."
- Vaynerchuk discussed the entitlement mindset he sees in some entrepreneurs and the negative effect that it has on innovation.
- He said that prosperity breeds entitlement, and that entrepreneurs are too focused on the small things and the wrong wins.
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We've all heard the expression "There is no such thing as a free lunch." Too often, founders and entrepreneurs believe they deserve something - be it a big customer, funding, or an important introduction - simply because they think it is owed to them.
Gary Vaynerchuk isn't a fan.
Neither am I. On a recent episode of my podcast, "The Successful Mind," Vaynerchuk shared his thoughts on this sort of entitled mindset some entrepreneurs have - and how it is ruining our innovative ecosystem.
"The young, hungrier thing wins, and the fatter, older thing loses. We're the fatter older thing. We think somebody owes us s---," he said.
I agree.
Too many founders do not understand the amount of work, dedication, and sacrifice that's actually necessary to do what they say they want to do. To build a company, to live a dream, to find their purpose, to change the world, to making millions, whatever it is - they have to work at it. Nothing is just handed to them on a silver platter.
Check out the four things I agree with Vaynerchuk about when it comes to entitlement and entrepreneurship - and how to get past this mindset to find success.