The Myths of ENTREPRENEUR

SHIP

MYTH #1

Most entrepreneurs

take wild, uncalculated risks in starting their

business

MYTH #2

Most successful entrepreneurs have a well-considered business plan and have researched & developed their

ideas before taking into action

Most successful entrepreneurs start

their companies with a breakthrough

invention.

MYTH #3

Most entrepreneurs

have strong track records and years of experience in their industries prior to starting their business

MYTH #4

Most successful entrepreneurs

start their business with

millions in venture capital to develop their

idea, buy supplies, and

hire employees

MYTH #5

Entrepreneurs do not report

to anyone; they are their own bosses and they can do

whatever they want

MYTH #6

Entrepreneurs have more free time –

more time for family & children,

more time for sleep, more time

for extended vacations

MYTH #7

Most start-up entrepreneurs think, “If I can

manage someone else’s business, I can manage my

own!”

MYTH #8

Entrepreneurs make more

money working for themselves; they have more

financial security and are

more well-off than employees

MYTH #9

Most entrepreneurs think, “Doing what you love is the key to

success!”

MYTH #10

As future entrepreneurs, it is up to you whether or not these myths

will remain as myths. Understanding how businesses

start and grow can be misdirected due to confusion about the true

nature of entrepreneurial growth companies.

THE CHALLENGE

THE JOLLIBEE SUCCESS STORY

Relate the article to the discussion on the ten myths of

entrepreneurship.