Myths About Starting a Business

I’ve written before about the myth of business failure rates. But this list of myths from Dumb Little Man is valuable as well:

• Risk is always bad.
• If the majority of your peers call the idea silly, it probably is.
• You should liquidate all of your possessions to start a business because you believe in it so strongly.
• You have to spend money to make money (this one is borderline, but a lot can be earned by charging people for your knowledge on something).
• Anyone that has tried and failed automatically must be trusted because “they’ve done it”.
• Your lack of a college degree will ensure your business fails.
• Your friends’ constructive criticism is never out of jealousy.
• Your family & friends will always understand the time commitment, even when no money is coming in.

(via BizOpportunities)

 

This entry was posted on Tuesday, March 20th, 2007 at 2:32 pm and is filed under Small Biz Management, Starting A Business. You can follow any responses to this entry through the RSS 2.0 feed. You can skip to the end and leave a response. Pinging is currently not allowed.