Eleven Misunderstandings About Entrepreneurs

The public often looks at entrepreneurs through veils. Their image is always pformed between the deified and demonized poles.

Those false assumptions made some entrepreneurs lose their courage to start.

The financial times summed up the eleven most common misconceptions about entrepreneurs.

The motive of entrepreneurs is to earn money. They actually create companies either by accident or because they want to prove themselves, either out of boredom or because they have passion, not because they want to become rich.

Research shows that a simple word can best induce the driving force of new business owners: "I will show them."

Money is a way of measuring performance, and it can also provide funds for the next project - but it is not the primary goal.

In fact, execution is the key.

We all have some fantastic ideas that can never be realized, either because they are unrealistic or because we are too lazy or distracted.

The important thing is to put ideas into practice, which is very difficult. That's why so many seemingly clever schemes fail.

Entrepreneurs are natural born entrepreneurs. Most successful entrepreneurs do not start business at a very young age. They acquire experience through working for others, learn how to run an enterprise, and then start their own businesses.

Just like no one is born a doctor or an architect, entrepreneurs often find their own position through practice rather than nature.

In the early days, it was "one man's band". Most of the outstanding companies were made up of teams.

The main actors often receive the most attention (and probably get the most return), but it is the cooperation of all people that successfully combines all kinds of skills, which leads to the final success.

Entrepreneurs are innovative talents, and few inventors can make business bigger.

To be precise, those who are easy to get rich are business savvy people who copy an original product, lower their prices, better sell them, or pay close attention to their costs.

Most of the entrepreneurs are not learning well. Nowadays, more and more companies have their own universities, diplomas or doctorates.

Now, being an entrepreneur is a respectable career choice.

So there are more educated middle class entrepreneurs.

Higher diploma provides a greater guarantee for the quality of entrepreneurs and increases the success rate of entrepreneurship.

In fact, in recent years, the survival rate of companies has been rising.

Every year only a small proportion of the enterprises in operation will go bankrupt, which is different from the failure or elimination of the non operating limited companies, and these non operating companies distort the statistics.

Moreover, corporate bankruptcy is usually due to bad management rather than external forces.

Entrepreneurs are lonely people, and companies need communication skills, and most entrepreneurs are outgoing people who like to get along with others.

They choose to work for themselves because they like independence rather than because they want to avoid colleagues.

What managers should do is to lead soldiers to fight. If they are too reserved and do not communicate with their subordinates, they will not be able to exert their collective advantages.

Communication with employees gives employees a motivation.

The popular image of corporate love is to sacrifice everything for wealth, including marriage and family.

There are other places that describe them as Playboys without family relationships.

In fact, most entrepreneurs have a stable family life and a solid relationship.

A firm partner's support is necessary, which helps entrepreneurs get through the tough times.

The other half of tactful and considerate will greatly enhance the success rate of entrepreneurs.

Entrepreneurs are gamblers, and they have to take financial risks.

But most entrepreneurs are good at judging.

They are more cautious when they take risks than those who do not know. They know the bottom line that they can afford.

Most of the bankrupt is not a failed entrepreneur, but a regular wage earner who borrows too much debt.