- In reality, although entrepreneurs are action oriented but they are also thinkers.
- They always have alternative plans & actions towards if his/ her original plan fails.
- They make their moves carefully and think deeply when making decision.
Myths 2: Entrepreneurs are born, not made
- This myths mean that characteristics of entrepreneurs cannot be taught or learned.
- In reality, entrepreneurship has models, processes and case studies that allow traits to be acquired through learning.
- Research has proven that entrepreneurs can be produced and taught. It is not limited to certain family, race or individuals.
Myths 3: Entrepreneurs are always inventors
- Many successful entrepreneurs are not inventors, but they use creative ideas in doing something.
- They will modify & innovate ideas to suit the market demand.
Myths 4: Entrepreneurs are academic & social misfits
- It is result from people who have started successful enterprise after dropping out of school or quitting a job.
- In reality, entrepreneurs are viewed as heroes. They excel socially, economically and academically. They must have excellent communication skills and strives in economic development of community.
Myths 5: Entrepreneurs must fit the "profit"
- It is not necessary for individuals to have ALL the characteristics to become a successful entrepreneur.
Myths 6: All entrepreneurs need is money
- Every business venture need capital to survive. But in reality, money does not guarantee success.
- Entrepreneurs have to deal with other problem such as managerial incompetence, lack of financial understanding, poor investment, poor planning and others. So, for entrepreneurs, money is only a resource but not the ultimate objective.
Myths 7: All entrepreneurs need is luck
- Being in the right place at the right time is always an advantage. But "luck" happens when preparation meets opportunity.
Myths 8: Ignorance is bliss for an entrepreneur
- In the competition world of business which demanded detailed planning and preparation, entrepreneur should be equipped with solid knowledge and strategies, which would be key to success.Myths 9: Entrepreneurs seek success but experience high failure rates
- It is not true that many entrepreneurs suffer failure before they are successful.
- But failure can teach many lesson to those who are willing to learn and failure often leads to future success.
Myths 10: Entrepreneurs are extreme risk takers (gamblers)
- The concept of risk is a major element in the entrepreneurship process.
- most successful entrepreneurs work hard through planning and preparation to minimize the risk involved.
No comments:
Post a Comment