Misconceptions of Entrepreneurship

Posted by on Aug 15, 2014 in Entrepreneurship, featured | 0 comments

A lot of people working a 9-to-5 job, answering to a boss and tackling stressful daily tasks, dream of becoming successful entrepreneurs. That’s not a surprise — the lure of entrepreneurship can be irresistible to folks who feel shackled in their employment. Who would want to work for someone else when they can call the shots, after all?

businessman

Grow a successful business by keeping these misconceptions of entrepreneurship in mind.

However, these same people often put entrepreneurship under an idealized light, treating it like an escape route for all their financial hardships. What they don’t seem to realize is that running a business, especially at the start, takes more work and longer hours than a regular employee is expected to do.

To find fulfillment as an entrepreneur, you need to work with realistic expectations and break down these usual misconceptions:

  • Instant success is achievable — Very few businesses find success right away; for most, success is achieved after years of effort.
  • Bright ideas are enough — A successful business is the product of concept and execution. Without the corresponding action, an idea remains nothing more than a fantasy. It takes a plan to turn a thought into an actual product or service which potential customers can be interested in.
  • You pick when you want to work — In reality, you may find it hard to switch off work even when you’re supposed to be enjoying your personal time. When you’re running your own business, you are responsible for all its aspects, so disengaging yourself from it won’t be easy. Being an entrepreneur is a lifestyle choice as much as a career choice.
  • Risk it all to gain it all — Entrepreneurship is, at its core, about risk.  You can learn to manage risks. At the same time, the entrepreneurs are frequently forced into situations where the level of risk is very uncomfortable. Sometimes you just have to stomach it and work hard to get that time behind you.
  • Either you’ve got it, or don’t — There’s no point in thinking that you can’t become one just because you don’t have the “inborn talent” for it. Entrepreneurship entails skills which you can learn and develop, as long as you’re willing to take the time to earn them.

Entrepreneurship isn’t a walk in the park guaranteed fairy-tale happy ending; rather, it’s the beginning of your own story toward building something you are passionate about, as long as your prepared to work smart and very hard.

Image Source: freedigitalphotos

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