MYTHS ABOUT ENTREPRENEURSHIP
Let's Try To Examine Some Myths Surrounding Entrepreneurs & Discover The Truth Of Entrepreneurship.
Entrepreneurs are neither high nor low risk takers. They prefer situations in which they can get a profitable outcome . They like challenges which they believe will lead to positive results.
ENTREPRENEURS ARE BORN
Many people believe that entrepreneurs possess inborn capabilities . However, experts agree that most entrepreneurs are not born; they learn to become entrepreneurs.
THE BUSINESS OWNER'S JOB IS TO CUT COSTS
Many business owners seem to have bought into this myth. Today’s newspaper headlines are filled with stories of businesses announcing massive layoffs, closing manufacturing plants, and outsourcing internal work processes.
ENTREPRENEURS ARE JOB HOPPERS
Entrepreneurs are not job hoppers . Most of them gain experience after working for a many years in big company before starting the business. They are not job hoppers rather they are job creators.
ENTREPRENEURS ARE LONERS AND INTROVERTS
Even though some entrepreneurs prefer working alone they actively seek advice and make contacts to discuss their business ideas with others for business growth.
ENTREPRENEURS GIVE A LITTLE ATTENTION TO THEIR PERSONAL LIFE
It is believed that all successful entrepreneurs work long hours , which in turn takes a toll on their personal life . The primary difference between the entrepreneur and their corporate counterpart is a well planned schedule.
ENTREPRENEURS ARE MAINLY MOTIVATED TO GET RICH
It is a myth that people become entrepreneurs to become rich quickly . Starting a business is not a get rich quick alternative . New business usually takes one to three years to turn a profit. During the start-up stage, entrepreneurs do not splurge on a luxurious lifestyle but instead choose to use their surplus money to pay off the debt or re-invest in the business . Their focus is on creating a company with a strong financial base for future expansion.
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