Five myths about entrepreneurs
People have these grandiose visions about entrepreneurs... and often it's delusional. Here are five myths I regularly see and hear about entrepreneurship:
Entrepreneurs don't have jobs: More entrepreneurs than you might expect have jobs. Many use jobs as a secure source of cash flow while they establish their businesses. If the business fails, it won't cost them their house in most instances either.
Entrepreneurs risk everything: Actually, many entrepreneurs are extremely risk averse. They make calculated decisions and make calculated decisions, minimising risk as much as possible.
Entrepreneurial ventures cost a lot to setup: This is actually not true. Many entrepreneurs bootstrap (aka self-fund) their ventures, often for only a few thousand dollars.
Entreprenership can't be taught: Can't it? Then why do I know so many people who are launching their own businesses while studying entrepreneurship at RMIT or Victoria University? People are learning entrepreneurial skills and stepping out to make a difference in the world.
Entrepreneurs have a four-hour workweek: This is not the case. Only student entrepreneurs tend to have four-hour workweeks. Many entrepreneurs work more than their peers but do so because they are passionate about what they are involved in, and are commited to their long-term vision.
Don't believe the hype. If you are interested in becoming an entrepreneur, then try. Try buying a car from the wreckers and repairing it and reselling it on the road. Try selling something on eBay. Try writing two pages of a book. Commit to change. Take a change and make a start today!