Academic Text: Misconceptions about Entrepreneurship

SQ3R Technique

Survey: Research and Scanning of the text

Question: What are most of the misconceptions and myths in entrepreneurship? What are the
facts about entrepreneurship?

Read: //Reading of the whole text while finding the answers to my questions//

Recite:
//Recite my own understanding and takeaways from what the academic text informs me about
the misconceptions of entrepreneurship and my other learnings about it//
Many people assume that starting an enterprise and becoming an entrepreneur is an easy route
to success. However, a lot of these assumptions are not true. It is not easy as it takes proper
knowledge, skills, experience and training to manage a business successfully. Entrepreneurship
doesn’t only rely on great ideas but every entrepreneur must know how to work with it and take
action. Also, taking action with every idea is not simple, it takes determination and passion; and
a big amount of money.

Review: Having a great idea is a part of a successful business however, there are more
important aspects to consider and acquire. Entrepreneurship is not easy, it takes hard work and
perseverance. It is also risky; risking your resources and money is part of the process. There will
be losses but also gains. Entrepreneurship is not only limited as a small business but it also
compromises big and small businesses.

SPE Method

Structure: The text structure is description and cause/effect structure

Proposition: Entrepreneurship is not as easy as it may look like.

Evaluation: Many people assume that starting an enterprise and becoming an entrepreneur is
an easy route to success. However, a lot of these assumptions are not true. It is not easy as it
takes proper knowledge, skills, experience and training to manage a business successfully.
Entrepreneurship doesn’t only rely on great ideas but every entrepreneur must know how to
work with it and take action. Also, taking action with every idea is not simple, it takes
determination and passion; and a big amount of money.