Financial

Entrepreneurship Misconceptions

Written by Don Adriano

Don’t let what others think about entrepreneurs hold you back from greatness,

A misconception is a thought or opinion that is incorrect based on faulty thinking or understanding of people. Here, we want to clarify some of the misconceptions about entrepreneurship.

They work for money

Entrepreneurship isn’t all about money, it’s about solving problems for people and loving what they do. Also, it’s about creating a name for themselves and making a positive impact in the world.

Money is also a way to do bigger and more exciting deals. The motivation for a new idea and the risks involved have far more power to motivate the entrepreneurial spirit than money. In entrepreneurship, your business and success become an obsession, not the money.

They lack courage

I’ve never seen anyone that is as courageous as an entrepreneur.

It takes courage to forego the predictability of a corporate job, It takes courage to take the risk of failure, and It takes courage to make your dreams into reality.

And it takes courage, lots of it to hand over the reins when your startup grows beyond your ability to manage it.

That’s why entrepreneurs are rightly the true heroes of our modern world.

They are professionals

Most successful entrepreneurs are not highly qualified fellows but are success driven. Surprisingly, attending an elite university or higher education doesn’t provide a significant advantage in entrepreneurship. What matters is that the entrepreneur gains a degree; the choice of major or college doesn’t play a big role in success. However, the greater the education of the entrepreneur, the lower the rate of business failure and the higher the business’s profits, sales, and employment.

They sometimes have overnight success

It may seem to you that entrepreneurs made a huge amount of money, but do you know that there is a lot of handwork before they made it.

Overnight success is possible; entrepreneurs are inspired to start their own businesses by witnessing successful and established entrepreneurs. They study the success stories, the beginning of those success stories, which often includes massive struggle prior to the breakthroughs. As a matter of fact, it takes years to become an overnight success in entrepreneurship!

Many entrepreneurs needlessly worry that they haven’t perfected their ideas. No idea is ever perfect. When you have an idea, go ahead and build a prototype or two, tinker with what works, and make refinements as necessary, but by all means, get it out there! You can always improve on a good idea. Let the market help you improve.

You don’t have to be a Harvard graduate to be an entrepreneur, but you do need to understand the characteristics of entrepreneurship. See you at the top!

About the author

Don Adriano

Founder & CEO of Freelionaire
Life Coach, Entrepreneur, Investor, Author, Speaker and Mentor

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