1  the myths of entrepreneurship
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1 the myths of entrepreneurship

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1  the myths of entrepreneurship 1 the myths of entrepreneurship Presentation Transcript

  • The Myths ofENTREPRENEURSHIP
  • MYTH #1Most entrepreneurs take wild,uncalculated risks in starting their business
  • MYTH #2Most successful entrepreneurs have a well-considered business plan and have researched & developed their ideas before taking into action
  • MYTH #3 Most successful entrepreneurs starttheir companies with a breakthrough invention.
  • MYTH #4Most entrepreneurs have strong track records and years of experience intheir industries prior to starting their business
  • MYTH #5 Most successful entrepreneursstart their business with millions inventure capital to develop their idea, buysupplies, and hire employees
  • MYTH #6 Entrepreneurs do not report toanyone; they aretheir own bossesand they can do whatever they want
  • MYTH #7Entrepreneurs have more free time –more time for family & children, moretime for sleep, more time for extended vacations
  • MYTH #8 Most start-upentrepreneurs think, “If I can manage someone else’s business, I canmanage my own!”
  • MYTH #9 Entrepreneurs make more money working for themselves; they have morefinancial security and are more well-off than employees
  • MYTH #10 Most entrepreneursthink, “Doing what you love is the key to success!”
  • THE CHALLENGEAs future entrepreneurs, it is up toyou whether or not these myths will remain as myths. Understandinghow businesses start and grow can be misdirected due to confusion about the true nature ofentrepreneurial growth companies.
  • THE JOLLIBEE SUCCESS STORY Relate the article tothe discussion on the ten myths of entrepreneurship.