Entrepreneurial Myths
These enrepreneurial myths create false barriers to entry into the world of entreperneurship. Propagated (somtimes unwittingly) by venture capitalists, business schools, the media and other sources, they ultimately do a great disservice to society by preventing potential entrepreneurs from starting businesses.
- Investor Capital - I need money to build my product and team
- Business Plan - if I write a good business plan my business will work
- Big Idea - I need a big idea to start my business
- Lone Hero - I have to build my business by myself
- Meaning precedes action - I need to have it all figured out before I can take the first step
- Business School - I have to get a business degree to be an entrepreneur
- Bootstrapping is for small companies - if I bootstrap, I wont create a big company
