5 myths of entrepreneurship blown apart.

January 6, 2020

Some Myths about Entrepreneurship:

Over the years, a few myths about entrepreneurship have developed. These are as under:

  1. Entrepreneurs, like leaders, are born, not made:

The fact does not hold true for the simple reason that entrepreneurship is a discipline comprising of models, processes and case studies.  One can learn about entrepreneurship by studying the discipline.

  • Entrepreneurs are academic and socially misfits:

Bill Gates was a school drop-out.  As was Michael Dell and Steve Jobs.  Therefore, this description does not apply to everyone. Education makes an entrepreneur a true entrepreneur.

  • To be an entrepreneur, one needs money only:

Finance is the life-blood of an enterprise to survive and grow. But for a good idea whose time has come, money is not a problem.

  • To be an entrepreneur, a great idea is the only ingredient:

A good or great idea shall remain an idea unless there is proper combination of all the resources including management.

  • One wants to be an entrepreneur as having no boss is great fun:

It is not only the boss who is demanding; even an entrepreneur faces demanding vendors, investors, bankers and above all customers.  Someone once said to me that starting a business after having a boss was like moving from having one boss to having 50 bosses – with each customer being your boss.

To find out more about how we can support your entrepreneurial journey either directly or as part of a university enterprise programme please click the appropriate link.

Stuart Hartley

About

Incrementa has grown a significant track record in delivering business growth services to pre start and growing businesses. The team at Incrementa have helped to start over 1000 new businesses and have assisted over 250 existing businesses for all industries and sectors to grow and develop.