Entrepreneurship in our culture is portrayed in a romantic light, and it's not hard to see why: we live in a capitalist society where new ideas, unlimited business opportunities are valued and, of course, prestigious to pursue wealth and power.
On top of that, celebrity entrepreneurs like Elon Musk and Mark Zuckerberg inspire a host of aspiring entrepreneurs to struggle to achieve the same level of success.
Basically, it's a good thing: startups are developing the economy, and entrepreneurial experience is valued in almost any other subsequent profession. However, most young people (and people who are new to doing business) stop without giving their ideas free rein, and all because they simply believed in typical myths about entrepreneurship. Also take a look at article 15 of the differences between ordinary people and successful people.
1. Entrepreneurs are natural leaders
It may seem that some people were born true leaders or got the best qualities to become entrepreneurs, but in fact, there are a wide variety of people among them. All the necessary qualities can be acquired, regardless of how and with what you started.
Introverts, extroverts, committed people and grumpy employees are absolutely equal in running and developing a business; anyone can be an entrepreneur with the right mindset and dedication to work.
2. Ideology above all
An interesting original idea really gives a good head start on the entrepreneur's journey. Whether you need personal investment or crowdfunding, you can easily attract more investors, as well as get a more profitable and / or solid foundation for your business.
However, even the best ideas can fail if they are not properly supported. Therefore, the most mediocre ideas can survive with sufficient processing and the right team support.
Your idea can change depending on many factors, so don't get too attached to specific content.
3. Unlimited freedom of action
Many are obsessed with the idea of ​​entrepreneurship because of the freedom that this type of activity gives. Indeed, you will be the one to set most of the rules. If you want, you can cancel the 8-hour workday, enter a remote work mode, remove the dress code and open your own vacancies.
But don't forget that you are responsible for the profitability of this business. This often means hours of work, huge sacrifices and staying in the office much longer than we would like.
4. An easy way to make money
Entrepreneurship is a path to capital creation that has a high probability of success: with the right directions of activity, there is no limit to the possible earnings.
But you can't think of entrepreneurship as a "quick money" scheme. You will have to raise a significant amount of funds, including time and money. Even when everything you need is collected, it is not a fact that you calculated and filed everything correctly.
5. Success will either come quickly or not come at all
The image of a successful entrepreneur is usually a person whose business success is taking off. Naturally, it actually takes months (or even years) of hard work and a lot of effort before it pays off.
Due to the fuzzy statistics of failed startups, most entrepreneurs believe that here you get everything or nothing, however, success and failure have many more pitfalls.
6. Everything rests on your shoulders
Often, entrepreneurs receive most of their business funding from being representatives of the respective companies and their founders. But no entrepreneur has ever been successful alone.
There should always be a leader, investor, partner, team of employees or at least a relative who will help make the dreams of the business founder come true. Don't try to do everything yourself. Learn to negotiate with others and ask them for help - this only increases your potential.
7. You know the secret of success.
The most interesting misconception of aspiring entrepreneurs is their belief that they know the secret of success - they are sure that no one can compete with their idea, or they think that they have perfectly timed everything, or that they have a "secret weapon" that will help you reach heights. More often than not, they simply deceive themselves.
Business success or failure is built on many different dependent variables. You have to be arrogant and short-sighted in order to reduce everything to one line of action. If there were a simple secret to success, everyone would be an incredibly wealthy entrepreneur.
The reality of entrepreneurial activity is far from what is often described in biographies and economic reports, but this does not mean that in reality everything is much worse or not worth the effort. All that these "realities" can mean - you need to be prepared for difficulties and that side of entrepreneurship that is not openly discussed.
The better prepared you are, the better your chances of achieving success. Learn as much as possible from people with business background before you decide to put your own business idea into action.
We recommend watching:
Entrepreneurship Phenomenon is a documentary on how to become an entrepreneur. Real people's stories about how to be successful.
