There are many myths about characteristics and traits of entrepreneurs. With the set of activities, they perform, entrepreneurs start to be described in a certain way. However, these descriptions and conclusions are made after the entrepreneur is already successful. It might not apply when a person starts from scratch to move towards entrepreneurship. It might not apply universally to all entrepreneurs.
1 Entrepreneurs are born a certain way: It is an assumption that entrepreneurial qualities are inborn and that only people with certain natural talents can become entrepreneurs. This is a myth and research had established that almost anyone can be an entrepreneur with the right skills, drive and passion. There is no set defined way to point towards personality types of entrepreneurs. Entrepreneurship is a learned skill, not a natural-born ability.
2 Great ideas are what makes entrepreneurs: In actuality, there is no real or commercial value of just an idea. People who are able to execute the idea and turn it into a business are referred to as entrepreneurial. Entrepreneurs do not necessarily reinvent the wheel. Many times, they take existing ideas to make a business out of it.
3 Entrepreneurs have to take a lot of risk : While entrepreneurs definitely have to bear some risks, they do not necessarily put themselves in high-risk situations. Entrepreneurs take calculated risks and weigh risk versus reward. 7.4 Businesses either skyrocket or fail Although select few start-ups skyrocket and receive all the media attention, it is easy to adopt an allor-nothing outlook on entrepreneurship. While many ventures make it big and many fail, a lot of businesses are run with patience and strategy with a focus on self-sustenance and gradual growth.
Gaurav Seth 3 years, 9 months ago
There are many myths about characteristics and traits of entrepreneurs. With the set of activities, they perform, entrepreneurs start to be described in a certain way. However, these descriptions and conclusions are made after the entrepreneur is already successful. It might not apply when a person starts from scratch to move towards entrepreneurship. It might not apply universally to all entrepreneurs.
1 Entrepreneurs are born a certain way: It is an assumption that entrepreneurial qualities are inborn and that only people with certain natural talents can become entrepreneurs. This is a myth and research had established that almost anyone can be an entrepreneur with the right skills, drive and passion. There is no set defined way to point towards personality types of entrepreneurs. Entrepreneurship is a learned skill, not a natural-born ability.
2 Great ideas are what makes entrepreneurs: In actuality, there is no real or commercial value of just an idea. People who are able to execute the idea and turn it into a business are referred to as entrepreneurial. Entrepreneurs do not necessarily reinvent the wheel. Many times, they take existing ideas to make a business out of it.
3 Entrepreneurs have to take a lot of risk : While entrepreneurs definitely have to bear some risks, they do not necessarily put themselves in high-risk situations. Entrepreneurs take calculated risks and weigh risk versus reward. 7.4 Businesses either skyrocket or fail Although select few start-ups skyrocket and receive all the media attention, it is easy to adopt an allor-nothing outlook on entrepreneurship. While many ventures make it big and many fail, a lot of businesses are run with patience and strategy with a focus on self-sustenance and gradual growth.
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