PaperMarker Feb 24, 2017
7 Common Misconceptions about Entrepreneurs
With the popularization of start-ups, Entrepreneurship is something most of the youngsters look forward to eagerly. But then, there are some misconceptions regarding entrepreneurs that are holding many people back from getting into this enterprising field. Then there are some such misconceptions that urge some people to take it up wrongly too!
Here are some of the common misconceptions about entrepreneurs:
There’s huge risk involved
The risk is definitely involved in everything. There’s no need to feel secure in a job too! Many people fear entrepreneur because of the monetary risk involved. There are many ways to tackle this and many other risks these days.
You need a large network
While a huge network does help, you do not need one to start your entrepreneurial venture. It is a natural process which can happen at a later stage too. It is more important to network with quality people rather than a large number of people.
Entrepreneurs are Cunning
Many people still believe that business is some sort of a cheating. Entrepreneurs need to be smart and intelligent but they don’t really need to be cunning.
They can take holidays whenever they want
The fact remains that an entrepreneur ends up working even while holidaying. It becomes very difficult for the entrepreneur to separate their personal and professional lives. While they manage to keep away their personal matters during the office time, invariably the professional matters do interfere in the personal time.
Debt is indispensable to start
Many ventures, especially in IT, can be started with little or no capital. Freelancing is a great way to start on your own.
You need to be extremely confident
While confidence helps a lot, it is more than often the willingness to take the risk that matters being an entrepreneur. Decisions backed by facts and knowledge make the entrepreneur more confident. But it does not happen all the time.
You need to know it all
Definitely not anymore! While it helps a lot to have a thorough knowledge in your field, there are many consultants and outsourcing companies to help your venture with subsidiary jobs that you are not familiar with.