Debunking Entrepreneurial Myths
There are many myths about entrepreneurship. The 2011 spirit of Enterprise Finalists are living proof that many of these wildly held beliefs just aren’t so.
1. All the good ideas have been taken.
Whether it is going one better on an existing idea, or doing something totally new, entrepreneurs have an idea, nurture it, pursue it and grow it into a thriving business…despite the naysayers.
2. Entrepreneurs are all crazy risk takers.
Not true, well they may be a little bit crazy, but many of these entrepreneurs carefully charted their courses and tried to wring out as much risk as they could every step of the way. It’s one thing to swing wildly for the fences and quite another to be around year after year and stand the test of time.
3. Stay the course.
No way…if you don’t like the movie, get up and leave! Often, entrepreneurs are confronted with a challenge to their business; a physical disaster, no funding, no customers! The choice of just “keep doing what you are doing” is clearly a dead end. Re-invent yourself and figure out new and better ways to sustain, survive and thrive!
4. Entrepreneurs are born, not made.
This is a raging debate, but I’m sure that many entrepreneurs saw the light when they met opportunity at some crossroad and decided to take the plunge…whether it was in their DNA or an acquired talent is a case-by-case discussion.
5. Entrepreneurs all fly at 30, 000 feet.
Let someone else take care of the details.
6. Now is a bad time to start a business.
If one is looking for reasons not to jump in, there are always plenty. Bad economy, lack of capital, intense competition, too much regulation, and the list goes on. There is no time like the present, so get inspired!
