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5 misconceptions about entrepreneurship every aspiring entrepreneur should avoid

Jan 3, 2017, 16:59 IST
Who wants to have a jerk boss? Work from 9 to 5 and end their social life? A few consider this a way of living, but most of them dream of a business—A company that’ll make them record their names in the history book, people would know them, they’ll be the boss of themselves and most of all, work on their own timings.
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You cannot achieve everything and entrepreneurship is not about getting rich (I don’t blame the believers). Here’s what dreamy aspiring entrepreneurs think about entrepreneurship (all misconceptions)

Richie-Rich

There are many entrepreneurs out there who have effectively made millions and retired, yet there are additionally a ton of entrepreneurs who have fizzled and lost their startup capital. Try not to let the get-rich-snappy mindset harm your position as a business visionary

Accomplishment in a Night

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A weakening outlook I see is that overnight achievement is conceivable. These young entrepreneurs are propelled to begin their own business by seeing people that are fruitful. We believe entrepreneurs should be realistic. Of course, there’s overnight success but it takes 10 years of hard work for that overnight success.

Risk All

Many individuals think beginning a business is extremely risky. It doesn't need to be. The best entrepreneurs I know are extremely risk hesitant, testing everything to ensure they're settling on the best decisions.

Your company vs Big Corporations

It’s not always big bad corporations vs your company. Many people, especially employees display entrepreneurial spirit, innovation and creativity every day. By doing this they can help the company become greener, run more efficiently, save money and streamline their operations.

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It’s all about the idea

You cannot become a millionaire just by the idea. Idea holds an important position but execution is the most important. You can have a thousands of ideas that you think can shoot you to moon, the truth is none of them will if you’re execution, timing and marketing sucks.
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