Myths Entrepreneurs Fall For

Selby Webb

Published by Selby Webb
Co-founder, Editor and Head of Marketing of SuccessField


2 years ago

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There are Myths, widely held and arouse false beliefs or ideas, which many fall for. This applies to the business as well. Which one have you fell for?

1. From Dishwasher To Millionaire

Success stories get us pumped with motivation. Reality is that they are very rare. Deceitful people make use of people’s naivety to make money by manipulating simple facts in their story.

The video is self explaining. It shows how easy it is to deceive people and turn a simple story into a “dishwasher to millionaire” scheme. The sad truth is that people prefer to follow those who claim that they came from the bottom, while they don’t respect those who made it from average to the upper class. “If I had the same opportunity, I would be at least as good as him or her”, are sentences I’m used to.

2. Only Start A Business In Attractive Industries

calculator-385506_1920

This makes sense, but isn’t true at all. Sadly, many entrepreneurs started big business in industries nobody had interest in. Smartphones, the way we know them today, are a new industry created by Apple and weren’t attractive at all. Before the internet became what it is today, no one referred to it as interesting.

3. Most Entrepreneurs Celebrate Financial Success

laptop-958239_1920

This is one of the biggest myths out there. According to “B-plans”, the average business owner earns $39’000 annually. The majority of entrepreneurs would earn more income if they were working for someone else. The stability is never guaranteed. The reason why people always relate the term entrepreneur with financial success is because they think about the big names in the game. Steve Jobs, Bill Gates, Mark Zuckerberg etc. But what about the saloon founder from your area? Or the owner of a local cleaning company? They are entrepreneurs too. Someone who exercises initiative by organizing a venture to take benefit of an opportunity and, as the decision maker, decides what, how, and how much of a good or service will be produced, is an entrepreneur.

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4. Money Is The Root Of All Evil

Many people are afraid to make a lot of money because of the false statement: “Money is the root of all evil.” Not only religious people will tell you this. It’s sad that people connect most bad things with money. Wars, politics and even incurable illnesses are common references. An example; conspiracy theorists believe that aids is curable, but the government doesn’t want to reveal the secret so that big health-care companies like Hoffman La Roche and Novartis keep making big profit. Stories like this seem legit, but what facts are these accusations built on?

banknote-15801_1920

In my opinion, money is just an instrument. When a powerful weapon is in wrong hands, disasters can’t be avoided. Money is no exception. This instrument, is only as powerful as we make it. If people are willing to do everything to get their hands on cash, then question the greed of society and not the power of money. If you’re ready to destroy the planet just to rule it, what kind of king does that make you?

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Myths Entrepreneurs Fall For

Share on Facebook
Share on Twitter
Share on Google+
Share on LinkedIn
+

There are Myths, widely held and arouse false beliefs or ideas, which many fall for. This applies to the business as well. Which one have you fell for?

1. From Dishwasher To Millionaire

Success stories get us pumped with motivation. Reality is that they are very rare. Deceitful people make use of people’s naivety to make money by manipulating simple facts in their story.

The video is self explaining. It shows how easy it is to deceive people and turn a simple story into a “dishwasher to millionaire” scheme. The sad truth is that people prefer to follow those who claim that they came from the bottom, while they don’t respect those who made it from average to the upper class. “If I had the same opportunity, I would be at least as good as him or her”, are sentences I’m used to.

2. Only Start A Business In Attractive Industries

calculator-385506_1920

This makes sense, but isn’t true at all. Sadly, many entrepreneurs started big business in industries nobody had interest in. Smartphones, the way we know them today, are a new industry created by Apple and weren’t attractive at all. Before the internet became what it is today, no one referred to it as interesting.

3. Most Entrepreneurs Celebrate Financial Success

laptop-958239_1920

This is one of the biggest myths out there. According to “B-plans”, the average business owner earns $39’000 annually. The majority of entrepreneurs would earn more income if they were working for someone else. The stability is never guaranteed. The reason why people always relate the term entrepreneur with financial success is because they think about the big names in the game. Steve Jobs, Bill Gates, Mark Zuckerberg etc. But what about the saloon founder from your area? Or the owner of a local cleaning company? They are entrepreneurs too. Someone who exercises initiative by organizing a venture to take benefit of an opportunity and, as the decision maker, decides what, how, and how much of a good or service will be produced, is an entrepreneur.

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4. Money Is The Root Of All Evil

Many people are afraid to make a lot of money because of the false statement: “Money is the root of all evil.” Not only religious people will tell you this. It’s sad that people connect most bad things with money. Wars, politics and even incurable illnesses are common references. An example; conspiracy theorists believe that aids is curable, but the government doesn’t want to reveal the secret so that big health-care companies like Hoffman La Roche and Novartis keep making big profit. Stories like this seem legit, but what facts are these accusations built on?

banknote-15801_1920

In my opinion, money is just an instrument. When a powerful weapon is in wrong hands, disasters can’t be avoided. Money is no exception. This instrument, is only as powerful as we make it. If people are willing to do everything to get their hands on cash, then question the greed of society and not the power of money. If you’re ready to destroy the planet just to rule it, what kind of king does that make you?

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