Question

What are the myths about Entrepreneurship? Explain any two

Answer 1

The myths about Entrepreneurship are: 

1. Entrepreneurs are high risk takers. They are neither high nor low risk – takers. They always prefer situations which lead to generating profits. 

2. Entrepreneurs become rich as they start a new business. Starting a business does not mean that person will become rich overnight. A new business always needs a span of year or two to become successful. 

3. Entrepreneurs are Job hoppers. They are not job hoppers. They are the ones who create job opportunities for the people. They work for many years and gain experience before starting any new venture. 

4. Entrepreneurs have limited dedication Dedication is the key to success. An entrepreneur can never be successful unless he is dedicated towards his work.

Answer 2

The entrepreneurship is a practice which involves launching or starting a new business either on small scale or level or large scale with an hope to make monetary gains or profit.

The myths about entrepreneurship will include:

1. The money will be lost or waste while establishing a new business.

2. The entrepreneurship requires huge initial investment but generally if a business is run on small scale investment it may earn profit.