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5 Biggest Myths About Entrepreneurship That Should Be Avoided

| Published on October 22, 2017

Every day we read new stories about startups and their journeys. Still, very few of them explain about entrepreneurship. A lot of myths have been created which are creating a false image about how startups actually work. Being your own boss is a difficult path and thee are a lot of hurdles in the process. In this article, we have covered some of the biggest lies about entrepreneurship.

1. Entrepreneurship is only made for young

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There are a lot of entrepreneurs who are successful at a very less age but that doesn’t mean that everyone who is having good in startups has to be young. Maturity and experience come with age that can help a lot in making plans and taking risks in entrepreneurship.

2. Entrepreneurs are born leaders

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This is also a big myth about entrepreneurship. Yes, some people are born leaders but most of the entrepreneurs learn the skill of leadership with time after doing so many mistakes. There is a number of examples that tell us that leadership is a trait that gets better with hard work and time.

3. Entrepreneurship is a one-man game

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No one can achieve big success in a startup having no team. In fact, we can not even imagine a startup without a promising team. Yes, the number of workers in a team can vary but there should be a proper direction towards which everyone should work.

4. Having a good idea is enough for success

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Ideas and plannings are very important aspects to achieve success. But, only an idea cannot do anything without any action. The idea should be executed with complete dedication.

5. Follow the passion and money will come

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Passion is the most misunderstood word in the modern age. People just start to do something that they love and expect money in return. Money always comes when we do something valuable for the customers. No one has interest in your passion if it is not beneficial for them.

So, don’t just start a business just for the reason that everyone is doing it. Find something which you are good at and create a proper plan about how people will get benefit from your business idea.

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