Entrepreneurship is a neat path to tread but there are things that you should know and understand about it.

There are so many myths surrounding entrepreneurship that it is actually shocking. A few myths end up encouraging people to startup on their own even though they are not ready and the remaining discourage people who are ready to go! It is time to clear your head of all such myths so that you know what entrepreneurship actually entails and whether it is the right path for you.

Myth Number One: Entrepreneurship Is The Only Way To Be A Millionaire

Agreed that the richest in the world are entrepreneurs but that doesn’t mean you have no other way to get rich. There are people who have never been leaders – only worked for another company and enjoyed riches. Take Microsoft for example. This company is known to have created thousands of millionaires.

Myth Number Two: Entrepreneurship Will Make You Happier

Your happiness depends on you. If you like the thought of working hard and earning every morsel you eat with a lot of effort, you will enjoy entrepreneurship. However, if you start a business because you think it’ll make you happy regardless of whether your heart is truly in it, you are doing it wrong.

Myth Number Three: Entrepreneurship Makes You The Boss

If you want to be an entrepreneur to have no boss, you are in for a surprise. Remember that at every stage in your life, in one way or the other you are always answerable to someone. Even if you are the CEO of the company you will have to answer to the board of directors. If you have no superiors, you should look at your customers. You are always answerable to them.

Myth Number Four: You Will Be Free

Startup owners are not free. They have to run around 24/7 at least for the first two years. You may also end up wrecking your work-life balance in the process. Thus, you should never be under the impression that entrepreneurship will give you freedom.

Myth Number Five: There are No Jobs

This is the most shocking myth we have come across. Many people think that with technology and the power of outsourcing, there are no full-time jobs. Technology did not destroy anything. Technology gave birth to more jobs than you can imagine. If you are not able to work, it is because you lack important skills. Look within yourself.

These myths will entangle you and confuse you. That is why you should get out of them and understand that entrepreneurship, just like all jobs, requires hard work and dedication. It is not a shortcut to money or fame or anything else.

Entrepreneurial Learning

Before you enter the world of entrepreneurship you should understand it properly and not get influenced by myths. You will hear many myths at different stages but you should never let them change your thought process.

Leave a Comment

Your email address will not be published.

You may also like

Growing a Business

Want Great Guidance ? Find yourself a Super Mentor


They are the gods of small businesses, those inspired individuals who have achieved the highest levels of success. They can be the shining beacons who light up the path of running your business with their vision, wisdom and wealth of resources and contacts. They are The Mentors.

If you are fired with the passion to take your business to great heights, the best thing to do is find yourself a super mentor. Here are some tips to help in your quest

Pinpoint your Need

Sit down and focus your thoughts on your business growth strategy. Which area of the business needs a lift. Is is staffing, is it the finances, is it the production, is it the your lack of customers or is it the business as a whole that needs a makeover. Once you’ve zoomed in on the sore spot, this is where you need…

Read More
Growing a Business

Dreaming Big? You can Move Mountains with these Business Productivty Tips


You may be full of admiration for some people who seem to manage themselves and their work so usefully and efficiently. They seem to fit in so much productive work into the same number of hours which everyone has.. Let’s look what makes them tick and take a few tips.

Learn to identify your most productive hours

Its true, most productive people know which time of the day they can be most creative and efficient. They identify and allot these hours for the best part of their work. This way they are able to give their 100% awareness to the job and business productivity.

Early to rise- A winning habit

Waking up early is a personal habit that has all the plusses on its side. You need not necessarily go to work that early. It’s a habit that gives you more time for personal care, like mediation, exercise, walking,…

Read More
Growing a Business

Leadership Qualities that can make you an Icon


You may have reached the leadership position through sheer dedication to performance and a do or die attitude . Now that you are at the top, your viewpoint needs to change. You have to now be a role model, one whom others will look up to and follow. Here are some tips that can shape your leadership and management skills

Be Competent: Employees will look up to a leader who has good industry knowledge and management skills. If you do not possess these skills you should surround yourself with knowledgeable people who can offer good counsel. Competence is a trait all employees will admire.

Be Trustworthy: No one will look up to a person they cannot trust. Your employees will want to rely on you and count on you. In difficult situations, leaders are expected to apprise their employees of the situations and find solutions on how to address…

Read More
Raising Money

Are You offering Your Services Using the Right Pricing Strategies?


In these times of fierce competition, business people , mostly those that offer services and belong to the service based industry, are finding it a challenge to implement the right pricing strategies. It is virtually a struggle to set the right business price that will retain and attract the customers, and not drive them away. Follow these tips, the crucial dos and don’t s and you may be in a much better position to offer your services at the best price.

Maintain your Business identity and Dignity

If you are offering a unique or special product or service, don’t underrate it just because you want to build a better relationship with the customer. This will just cheapen your offering as another run of the mill. If its something special you are offering the customer, then communicate this fact to the client and get the equation right with the most…

Read More
Raising Money

What is a Fair Wage? How Do you Assess Fair Wage?


How do you figure out a fair wage?

This is a very common question for startups and small businesses. They can’t seem to decide or understand how to set wages and manage reputations at a time. They are determined to pay well but they also have to think about encouraging their employees to stay with them for a long time. This is why there is a need to think strategically.

Listed below are a few expert tips to help you decide:

Don’t Focus Only on Money

Money should never be the main focus for you or for your employees. You should decide on the wages in such a way that your employees are tied to your business. When your business does well they should be able to taste that success and vice versa.

Also, think about additional perks such as exclusive benefits and time off. Many employees value this more than the overall…

Read More
Raising Money

Tips to Winning Hard Negotiations With Ease


While some negotiations are easy, others are quite hard to win. If you stumble you will lose.

Whether it is a potential client or an investor, negotiations can be very tough and frustrating. The problem is that the moment you let your frustration overwhelm you, you will lose the deal and you will give in to whatever is being offered to you. In order to avoid that, here are tips to overcome tough times and to win even the hard negotiations:


Know your opponent as well as possible. This is the rule no matter what you do. You should understand your opponent to the T. Who the person is, what his culture is, what he thinks, what he stands for, how is his network, etc. are the questions you should ask yourself and answer through research before meeting up for the negotiation. Understanding the opponent will give you a great advantage.


Read More