[A] Kiki Ayers | How to Know If You're Meant to Be An Entrepreneur [ PRACTICE ]

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⏱ 00:04 - 03:24

LET'S UNLOCK WORDS AND PHRASES 🔐

equate

[ ih-'kweyt ]

verb

- to consider as the same, or to connect in your mind

People sometimes equate money with happiness.

oversaturated

[ oh-ver-'satch-uh-ray-tid ]

adjective

- describe situations where there is an overwhelming amount of something, usually to the point where it becomes less effective or undesirable

The market is oversaturated with similar products, making it hard to stand out.

monetize

[ 'mon-i-tahyz ]

verb

- to change something into money, or to express something in terms of money or a currency

Japan is monetizing several trillion dollars of government debt.

show of hands

noun

- a vote in which people raise one of their hands to show that they support a suggestion

Her re-election to the committee was defeated by a show of hands.

hold someone accountable

collocation

- to make someone responsible for what they do and demand a satisfactory reason for it

It is important to hold schools accountable for the performance of all their students.

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FIRST CUT ⏱ 00:04 - 01:45

Let's read...

Okay, by a show of hands, how many people in here are entrepreneurs? Keep your hands up if you know the definition of what it means to be an entrepreneur. Okay, so some hands went down. So how are you an entrepreneur if you don't know what it means to be an entrepreneur? At that point, you have to ask yourself, are you really an entrepreneur or are you just trying and aspiring to be something that you weren't meant to be? Right now, in today's society, entrepreneurship is glorified, right? Everybody on social media is an entrepreneur, or they think they are, right? So they ask themselves what I call perception questions, right? The perception of what it means to be an entrepreneur. They'll ask themselves, you know, do I want to work for someone else in my whole life or do I want to work for myself? Yes, I want to work for myself. They'll ask themselves if they want to make their own schedule, right? We're all going to say yes to that. We want to make our own schedule. They're going to ask themselves if they want to live a life that they don't need a break from, right? We're all going to say yes to that. But I like to ask what I call reality questions. And these are the realities that also come with entrepreneurship, like do you want to work 24 hours a day or do you want to work eight hours a day? Are you willing to take every last dime in your bank account and risk losing it? You have to also say yes to those questions as well because that's the reality of being an entrepreneur. We can't just take the perception of something and not take the reality. So people hate when I say this, but I think entrepreneurship is something that cannot be taught. They hate when I say that, but I really stand by that.

Let's follow Kiki Ayers...

Okay, by a show of hands, how many people in here are entrepreneurs? // Keep your hands up if you know the definition of what it means to be an entrepreneur. // Okay, so some hands went down. // So / how are you an entrepreneur / if you don't know what it means to be an entrepreneur? // At that point, you have to ask yourself, are you really an entrepreneur / or / are you just / trying and aspiring to be something / that you weren't meant to be? / Right now, in today's society, entrepreneurship / is glorified, right? // Everybody on social media / is an entrepreneur, / or they think they are, right? // So they ask themselves what I call perception questions, right? // The perception of what it means to be an entrepreneur. / They'll ask themselves, / you know, / do I want to work for someone else in my whole life or do I want to work for myself? / Yes, I want to work for myself. // They'll ask themselves if they / want to make their own schedule, right? // We're all going to say yes to that. / We want to make our own schedule. / They're going to ask themselves if they want to live a life / that they don't need a break from, right? // We're all going to say yes to that. // But I like to ask / what I call reality questions. // And these are the realities that also come with entrepreneurship, like / do you want to work 24 hours a day / or do you want to work eight hours a day? // Are you willing to take / every last dime in your bank account / and risk losing it? // You have to also say yes to those questions as well / because that's the reality / of being an entrepreneur. // We can't just take the perception of something / and not take the reality. // So people hate when I say this, but I think entrepreneurship / is something that cannot be taught. // They hate when I say that, but I really stand by that.

SECOND CUT ⏱ 01:45 – 03:24

Let's read...

There's skills that can be taught, right? You can go to a zillion summits, conferences, workshops. You can find great, amazing entrepreneurs to mentor you all day long, right? You can do all of that. You might even come from a wealthy background and have the finances to back this vision and monetize off of it, but can you be taught to get up and go chase those rewards that come behind the risks that you're taking? Can you be taught to get up and work when no one is over you and monitoring you and holding you accountable because you have to hold yourself accountable? I don't think so. I think that's something you either have or you don't and something that you're born with. But entrepreneurship, it's oversaturated, just like rapping, right? Everybody wants to be a rapper. In L.A., everybody is an actor and model. They all drive Uber and work at restaurants. Everyone there is an actor and model, right? That's oversaturated, and now entrepreneurship is. And I didn't realize how oversaturated entrepreneurship was until earlier this year. I went to go speak at a middle school. This was prior to the pandemic, and the principal reached out to me, and he said, I want you to speak to these kids because they equate entertainment with success. He wanted me to talk to them about entrepreneurship. I'm like, okay, I'll do it. I go there, and I talk to the kids, and a few kids come up to me after. I talk to them about business. They come to me after. There's one kid specifically, he's a 12-year-old boy. He was like, hey, Kiki, can you teach me how to start a business? I'm like, yeah, of course. I can teach you how to start a business. I'm so excited because I'm like, okay, at 12 years old, this little kid is already thinking about being an entrepreneur.

Let's follow Kiki Ayers...

There's skills that can be taught, right? // You can go to a zillion summits, conferences, / workshops. / You can find great, amazing entrepreneurs to mentor you all day long, right? // You can do all of that. You might even come from a wealthy background and have the finances to back this vision and monetize off of it, / but / can you be taught to get up / and go chase those rewards that come behind the risks that you're taking? // Can you be taught to / get up and work when no one is / over you and monitoring you / and holding you accountable because you have to hold yourself accountable? // I don't think so. // I think that's something you either have or you don't / and something that you're born with. // But entrepreneurship, / it's oversaturated, / just like rapping, right? Everybody wants to be a rapper. // In L.A., everybody is an actor and model. They all drive Uber and / work at restaurants. Everyone there is an actor and model, right? // That's oversaturated, / and now entrepreneurship is. // And I didn't realize how oversaturated entrepreneurship was until earlier this year. // I went to go speak at a middle school. / This was prior to the pandemic, / and the principal reached out to me, and he said, / I want you to speak to these kids because / they equate entertainment with success. // He wanted me to talk to them about entrepreneurship. // I'm like, okay, I'll do it. / I go there, and I talk to the kids, and a few kids come up to me after. I talk to them about business. They come to me after. // There's one kid specifically, he's a 12-year-old boy. // He was like, / hey, Kiki, can you teach me / how to start a business? // I'm like, yeah, of course. I can teach you how to start a business. I'm so excited because I'm like, okay, at 12 years old, this little kid / is already thinking about being an entrepreneur.