ENTRENEURSHIP

Myths
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Intro
Whether you are practicing Entrepreneur
or one in the making, a proper
understanding of its crucial for success.
There are many beliefs that must be
dispelled in order for Entrepreneurs to
function as they should.
Entrepreneurs are born not made

Whilst Entrepreneurs may be bron with creatuve

mind, hgh energy and innate desire to achieve,
these abilities need to be cultivated and
positively steered. This may be done through
formal education, self development, honing of
requisite skills, know-how and advice from other
Entrepreneurs over an extended period of time.
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“
Entrepreneurship is easy.
Entrepreneurship may be seen as an easy thing.
After all, this is what you were born to do and you
feel that you possess all the magical ingredients.
When you look at the businesses of all those
successful Entrepreneurs, everything just seems to
be all bliss and glamour.

”
 Entrepreneurship is easy
Being a successful Entrepreneur take strong
guts and hard work. Many Entrepreneurs will
tell you that the road was by no means easy
and that they thought of throwing in the
towel’ a number of times. One commonality
among successful Entrepreneurs is that they
failed at least once before succeeding.
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ALL ENTREPRENEURSHIP ARE RICH

If you are waiting to get rich to become an Entrepreneur, you

may never become an Entrepreneur. There are ways to
make money without lots of money. Sitting with the right
financial advisor will reveal this truth. If you now examine
whether all persons who become Entrepreneurs are rich,
from our previous examination of the various types of
Entrepreneurs, this could not hold true…. at least not as a
result of the venture.

Entreprenurship ventures and small businesses are the same thing
Many persons use the two
interchangeably, but the
two are not the same. A
small business may be an
Entrepreneurship but an
Entrepreneurship may not
necessarily be a small
business.
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There may be absence of many
of the crucial aspects of an
Entrepreneurship in the small
business. However, there are
Entrepreneurships that are at the
start up/small business stage,
with the outlook to grow.
 All you need is money to start

You may need money to

start but this is certainly
not the only ingredient.
You may have a large
financial backing, but
without the requisite
skills, it is of not much
use.

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Research and communicated, just to name a few, are infrastructure

that must form the foundation of successful organization.
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In two or three columns

Yellow Blue Red

Is the color of gold, Is the colour of the Is the color of blood,
butter and ripe lemons. clear sky and the deep and because of this it
In the spectrum of sea. It is located has historically been
visible light, yellow is between violet and associated with
found between green green on the optical sacrifice, danger and
and orange. spectrum. courage.
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Successful Entrepreneurship needs only a great idea.

01
There are many ideas th0ught
by bright minds that did not
result in a a successful
cs
r ti

Entrepreneurship. Once

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cte

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ara

I
ch

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needs the confidence, skills
l
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de
on

and al the other wonderful

lw
Al

GREAT IDEA
characteristic of an
Entrepreneur, to bring that
03 02 idea to reality and to make it a
SKILLS
success. It is a combined
effort.
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Entrepreneurs always generate new ideas

An Entrepreneur may generate a new

idea or several ideas. However, some

ideas that have been developed and

Place your screenshot here
resulted into a successful venture, were

those that were tried by others without

success.
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All you need is luck

It takes much more than luck to start and

operate a venture. As the saying goes, “ Place However,

nothing beats solid
If you fail to plan you plan to fail”. It preparation and god
old hard work. If luck
must be agreed that some persons just
comes along….... But
seems to hit the BIG and some have never bet your money
on Mr. Luck …..
even repeated these successes..
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Entrepreneurs are extreme risk takers

In Order to reap great rewards there are risk that just

must be taken. However, a wise Entrepreneur does
not act recklessly. All risks must be carefully
calculated. The Entrepreneur will avoid unnecessary
risks must shirk away from unavoidable risks.
Generally speaking, Entrepreneurs prefer situations in
which they can influence the outcome and they like
challenges when they believe that the odds are in
their favour.
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Entrepreneurs are unacademic

Many of the famous entrepreneurs

that we know today actually
dropped out of high school and
university. This has made others
believe that being a successful
Entrepreneur and getting a proper
formal education are unrelated.
Place your screenshot here
However, although this may have
been so for those cases,
Entrepreneurship is now a
discipline that is studied and
Entrepreneur can now be looked
upon as real compete role model.
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Being an Entrepreneur means I can enjoy not having a

boss

If you think that being an Entrepreneur means that you get away from having a boss,
then think again.

You will have several stakeholders, inclusive of your customers who

will alwaysbe making demands of you and your organization.
Total success!
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Thanks!
Any questions?