Top 10 myths about entrepreneurship It takes a lot of money to finance a new business. Venture capitalists are a good place to go for start-up money. Most business angels are rich. Start-ups can’t be financed with debt. Banks don’t lend money to start-ups. Most entrepreneurs start businesses in attractive industries. The growth of a start-up depends more on an entrepreneur’s talent than on the business he chooses. Most entrepreneurs are successful financially. Many start-ups achieve the sales growth projections that equity investors are looking for. Starting a business is easy.
Fun facts The average age of entrepreneurs starting their business is 40 The biggest obstacle for starting entrepreneurs is initiating contact with investors 95.1 percent of respondents themselves had earned bachelor’s degrees, and 47 percent had more advanced degrees. Entrepreneurs are usually better educated than their parents. Entrepreneurship doesn’t always run in the family. More than half (51.9 percent) of respondents were the first in their families to launch a business