Every new Entrepreneurs should know this

" MYTHS "

Related to Entrepreneurship

In today's compatative world where every youth wants to execute his energy on building up his own business and wants to make his name stand by othe big players, there are certain very famous and common myths related to Entrepreneurship which every new enthusias must know before he starts his/her enterprise.

Broadly we are going to classify these myths in two categories.

Negative Myths :

Friends this is the very first sub-tag which we are going to list & most of the time demotivates the youth to take up business as career.

 Entrepreneurs are born that way

Many people assume that entrepreneurial qualities are innate and that only people who have certain natural talents can be entrepreneurs. However, the truth is that almost anyone can become an entrepreneur if they can learn the necessary skills. Entrepreneurs may be gregarious extroverts or quiet introverts; they may be “big picture” thinkers or more focused on the details of executing an idea. Entrepreneurship is a learned skill, not a natural-born ability.

 All entrepreneurs have great ideas

Some people may not attempt to start their own business because they don’t have a unique idea. It is not needed to reinvent the wheel to be an entrepreneur. There is nothing wrong with taking an existing idea and making your own business out of it.

 Businesses either flourish or fail

Because the select few start-ups that skyrocket out of the gate receive the bulk of the media, it’s easy to adopt an all-or-nothing outlook on entrepreneurship. While many ventures make it big and many fail, a lot of businesses are run with patience and strategy with a focus on self-sustenance and gradual growth. 

 Entrepreneurs take lots of risks

Entrepreneurs take risks. With that said, they don’t necessarily take lots of risks or put themselves in high-risk situations all the time. Entrepreneurs learn how to take calculated risks. It is all about balancing the risk and reward.

 One must know everything before starting a business

 Real entrepreneurs thrive on being in a constant state of learning. They enjoy creating, improvising and pushing boundaries. Being new and even somewhat naïve can be an asset intoday’s rapidly changing world. That’s because succeeding at entrepreneurship requires energy, innovation and the ability to push yourself outside your comfort zone. It’s often not 

what you know, but how fast you learn, that counts.

 A lot of money is required to start any business

While certain amount of capital is required for take a business off the ground, it varies 

depending on the business. The key in entrepreneurship is to start with resources available 

and grow slowly and steadily. It is not necessary that one should fear or deter from 

entrepreneurship due to lack of financial resources.

Positive Myths :

Now, you might have got disappointed after reading all the stuff above, but actually you should not because all these are myths you know.

After getting cleared about some negative myths which are actually positive realities. We shall move on with positive myths which are actually quite disappointing but as a true entrepreneur you should know how to handle all this. Afte all you are the one man !

 The only requirement is a good idea

Even the very best ideas, ones with the potential to disrupt an entire industry, need proper execution to become reality. Ideas are important, but so are planning, talent, leadership, communication, and a host of other factors.

 It is a get rich quick scheme

It is one of the greates myth related to Entrepreneurship that to you can make a lot of money by starting a business in short time. We can consider this as a partial myth because entrepreneurship can be a milk cow but only when you feed it for fairly Greater time. In othe words a business can be profitable only when you have a right idea, a great execution, and risk capability, and time allotment for your business.

All the best !