Just like parenthood, entrepreneurship is not for the faint-hearted. It’s tough emotionally, physically and spiritually. Starting a business requires courage, confidence and a certain amount of risk-taking. That being said, there are many misconceptions preventing people from taking the leap. Now it’s time to set the record straight and debunk the five most common myths surrounding entrepreneurship.A common misbelief is that you must wait for the right time to launch a business.
Successful entrepreneurs follow a calculated learning and experimentation process, actively taking steps to mitigate risk early and continuously.Do you need a business plan before opening the doors of your new venture? The answer is not necessarily. A, a professor at Babson College, examined whether writing a business plan before launching a new venture affects subsequent performance.
To succeed at entrepreneurship, you need dreams and ideas, but you also have to believe it’s possible. As Linda Rottenberg, author of, “you don’t need a hoodie to be an entrepreneur.” More and more women and people over the age of 50 are starting businesses. Everyone can get the skill set and mindset of an entrepreneur. You just need extreme passion, confidence and the willingness never to give up.
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