Entrepreneurship

1. ENTREPRENEURSHIP MYTHS
(BELIEFS INHERITED FROM GENERATIONS)

2. Are Entrepreneurs “dumb” ?
Do they avoid thinking process?
Myth 1

3. Characteristics of Entrepreneurship cannot be
ingrained through training, teaching and
institutionalized learning.
The Entrepreneurship traits are innate and born with;
like
 aggressiveness,
 initiative,
 drive,
 willingness to take risk,
 analytical ability
 skill for human relations
Myth 2

4. Are Entrepreneurs inventors?
History tells that inventors find it natural
to assume Entrepreneurial role in
promoting their inventions
Myth 3

5. Academic “Misfits” or Job quitters turn
to self-employed business, and, earn
world-wide recognition as successful
Entrepreneurs in later years.
Myth 4

6. In order to be an entrepreneur, the intending
person should meet out the requirements
according to a check list developed from studying
the lives of world-renowned Entrepreneurs
Myth 5

7. All Entrepreneurs need is Money
Availability of finance is a pre-requisite to be successful
entrepreneurs
Myth 6

8. Myth 7
Too much knowledge, planning and
thinking leads to paralysis.
Entrepreneurs survive because they
are gifted to be free of complexities
and confusions which is caused by
excessive level of information and
knowledge.

9. Myth 8
It is 99th failure before Entrepreneur meets
first success

10. Myth 9
You have to have be high risk-seeking
traits in order to be an entrepreneur.

11. NO !
Today’s Entrepreneurs are very methodical people
who plan their moves very carefully
In fact, they create complete “business plan”
before getting into action.
Answer - Myth 1
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