Skip navigation
Home > Become an Entrepreneur > Topics & Resources > Hard Knocks

Back

12 pervasive myths about starting a new small business

Added by
EntreOasisSponsor Content Deputy Champion Group - EntreOasis Group - MediaSpark Group - GoVenture Group - Cisco Contributor5465
Mar 18, 2010 09:58 EDT

Average Rating: (0 ratings)

Rate and/or Comment on this resource

Post a full review of this resource

See reviews in sidebar

Description

http://www.businesspundit.com/12-pervasive-myths-about-starting-a-small-business/

12 Pervasive myths about starting a small business
Drea Knufken
BusinessPundit.com
 
Few subjects are as plagued by myths and falsehoods as starting a small business. Everywhere you turn, someone is making sweeping proclamations about small businesses – the difficulty of starting one, the risks involved, the odds of failure or what you “have to do” in order to make it. And unlike in some fields, myths about small business are not simply harmless old wives tales. Rather than leaving you to fend for yourself against business dogma, Business Pundit assembled – and debunked – this list of 12 pervasive myths about running a small enterprise.
 
  1. It takes money to make money
  2. You're sunk without a business plan
  3. It takes a great idea
  4. 50% (or however many) of small businesses fail
  5. You can delegate all the unpleasant stuff
  6. I call all the shots
  7. It takes X years for small businesses to turn a profit
  8. I'll have more freedom to live my life
  9. Now I can write everything off
  10. If I build it, they will come
  11. I can pay myself whatever I want
  12. Small business success requires bold risk-taking
(Click on the link above to see read the whole article)

Related Files

-none-

Details

12 pervasive myths about starting a new small business

Relevant Subject and Topic
What is an Entrepreneur, Life Long Learning, Work-Life Balance, Inspiration, Hard Knocks, Vision, Mission, Corporate Culture, Leading and Delegating, Growing a Business, View more...

Types
Blog
Tutorial

Features
Informative, Educational, Entertaining, Experiential, Competitive, Text

Format
Blog

Copyright Owner
Drea Knufken
BusinessPundit.com

Most Suitable For Use By
Instructors, Facilitators, Parents, Learners, Entrepreneurs, Policy Makers

Age Appropriateness
Adult(19+)
Youth(12-18)

Grade Appropriateness
High School, Postsecondary, Graduate, Adult General, Professional

Geographic Suitability
All or Non-Specific

Language
English

Education Standards Maps

Comments

Rate Comment