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 be...
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 ...
MYTH #5  Most successful  entrepreneursstart their business  with millions inventure capital to   develop their     idea, ...
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...
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    wel...
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 bus...
THE JOLLIBEE SUCCESS STORY Relate the article tothe discussion on the     ten myths of  entrepreneurship.
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1 the myths of entrepreneurship

  1. 1. The Myths ofENTREPRENEURSHIP
  2. 2. MYTH #1Most entrepreneurs take wild,uncalculated risks in starting their business
  3. 3. MYTH #2Most successful entrepreneurs have a well-considered business plan and have researched & developed their ideas before taking into action
  4. 4. MYTH #3 Most successful entrepreneurs starttheir companies with a breakthrough invention.
  5. 5. MYTH #4Most entrepreneurs have strong track records and years of experience intheir industries prior to starting their business
  6. 6. MYTH #5 Most successful entrepreneursstart their business with millions inventure capital to develop their idea, buysupplies, and hire employees
  7. 7. MYTH #6 Entrepreneurs do not report toanyone; they aretheir own bossesand they can do whatever they want
  8. 8. MYTH #7Entrepreneurs have more free time –more time for family & children, moretime for sleep, more time for extended vacations
  9. 9. MYTH #8 Most start-upentrepreneurs think, “If I can manage someone else’s business, I canmanage my own!”
  10. 10. MYTH #9 Entrepreneurs make more money working for themselves; they have morefinancial security and are more well-off than employees
  11. 11. MYTH #10 Most entrepreneursthink, “Doing what you love is the key to success!”
  12. 12. 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.
  13. 13. THE JOLLIBEE SUCCESS STORY Relate the article tothe discussion on the ten myths of entrepreneurship.

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