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Top Ten Myths of
Entrepreneurship
      Part 2
As we learned in Part 1, success
is defined by what we do with
         what we have!
Here are some more of the
myths I've run into over the
years, and the hidden truth
behind the veil.
Myth #4 – Entrepreneurs are risk
takers.
Fact – Nothing is safe and nothing is guaranteed.



Yes, entrepreneurs take risks, but there are two
  different kinds of risk: reckless, and calculated.
Myth #5 – You have to have a
GREAT IDEA.
Fact – You have to have an idea that you BELIEVE
  IN, or nobody else will.



Take your idea and develop it into doable steps.
Myth #6 – It takes a lot of money.
Fact – 50% of new business need only $10,000 for
  their startup capital.

That's less than half a year’s salary for many
  people. Is it still a lot of money? Yes, but
  compared to what you might earn it's only a
  morsel, a small percentage of your potential
  earnings.
Myth #7 – I'll have so much free
time!
Fact – Entrepreneurs need to work twice as
  hard at their business.

Because now they're not just wearing one
 hat, they've got the entire hat shop on
 their head!
These are 4 myths that deal with
starting and running your own
business.
It's not always as glamorous as it
looks – in fact, there are days when
you'll feel like throwing in the
towel. But when you learn that
perfect mix of freedom and work,
you've really got the best of both
worlds.
Don't miss Part 3 in this series –
  I've saved the best for last!
Top ten myths of entrepreneurship – part 2

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Top ten myths of entrepreneurship – part 2

  • 1.
  • 2. Top Ten Myths of Entrepreneurship Part 2
  • 3. As we learned in Part 1, success is defined by what we do with what we have!
  • 4. Here are some more of the myths I've run into over the years, and the hidden truth behind the veil.
  • 5. Myth #4 – Entrepreneurs are risk takers. Fact – Nothing is safe and nothing is guaranteed. Yes, entrepreneurs take risks, but there are two different kinds of risk: reckless, and calculated.
  • 6. Myth #5 – You have to have a GREAT IDEA. Fact – You have to have an idea that you BELIEVE IN, or nobody else will. Take your idea and develop it into doable steps.
  • 7. Myth #6 – It takes a lot of money. Fact – 50% of new business need only $10,000 for their startup capital. That's less than half a year’s salary for many people. Is it still a lot of money? Yes, but compared to what you might earn it's only a morsel, a small percentage of your potential earnings.
  • 8. Myth #7 – I'll have so much free time! Fact – Entrepreneurs need to work twice as hard at their business. Because now they're not just wearing one hat, they've got the entire hat shop on their head!
  • 9. These are 4 myths that deal with starting and running your own business.
  • 10. It's not always as glamorous as it looks – in fact, there are days when you'll feel like throwing in the towel. But when you learn that perfect mix of freedom and work, you've really got the best of both worlds.
  • 11. Don't miss Part 3 in this series – I've saved the best for last!