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Over Eager
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Venture Gambler
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Cautious Ignorant Venturer
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New Entrepreneur
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Under-equipped
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Intuitive Expert
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SB Expert
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Dreamer
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Resource Poor
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Classic Expert Entrepreneur
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Institutional Expert
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Inventor
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Apprentice
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In Over Their Head
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Cautious Backer(Angel)
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Armchair Quarterback
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In the business venturing world an Armchair Quarterback Entrepreneur is just that... someone who can enthusiastically follow the action, and who knows how the game is played, but is not a player in the entrepreneurial game.
While you do know that there is such a thing as a general Entrepreneurial Success Script,, several things are keeping you on the sidelines and out of the new venture game. You are reluctant to take risks. You lack resources like: cash, contacts, infrastructure, technology, etc.. It is likely that you don’t yet appreciate the highly-structured and complex patterns, plans and methods, or depth of discernment necessary for a clear understanding of the highly specialized venturing environment. You, consequently, have a hard time knowing when a venture is “on” or “off” course. .
It is also important to know that when Armchair Quarterback Entrepreneur types happen to hold positions of power such as a bank officer, attorney, accountant, etc., they may feel all too free to give advice, and expect it to be taken.
Even though Armchair Quarterback Entrepreneur can appear entrepreneurial, and are often quite good at describing the Entrepreneurial Success Script
Yet, you are not an entrepreneur or venturing expert.
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Francis Asbury “Fran” Tarkenton (born February 3, 1940) is a phenomenally successful entrepreneur, legendary sports figure, and former quarterback who led the Minnesota Vikings to three Super Bowls. After his football career ended, he went on to run 12 businesses earning between $1 million and $142 million in annual revenues.
Tarkenton has tasted failure as well as victory. He is a turn-around champ who shows audiences how to use their own setbacks as fuel for come-back success. As the Founder of GoSmallBiz.com, he gives business owners access to news and resources, offers hands-on insight into the global economy, and provides late-breaking technological advances for the ever-changing needs of the consumer. A member of the Pro Football Hall of Fame and author of What Losing Taught Me About Winning, he is a motivational superstar.
Although Fran Tarkenton has become a very successful entrepreneur, it’s likely that there was a time at the beginning of his business career that he exhibited the characteristics of the “Armchair Quarterback Entrepreneur ”. After his professional football career he enthusiastically championed entrepreneurial activities and promoted other companies’ products. He knew that there was a “game plan” that lead to business wins, but often stayed on the sideline until he knew that he could execute a winning business strategy. When he relied on guesswork, it appears that he suffered setbacks. While it may not have been a lack of resources that kept Fran on the sidelines with certain opportunities, he developed the right contacts and relationships critical to new business success. And he did the necessary things to personally develop his ability to recognize the critical success patterns for new business success.
