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Common Myths About Entrepreneurs

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Common Myths About Entrepreneurs
Common Myths About Entrepreneurs Part 1
First lecture for BBDM3093 this afternoon. Pretty hot day. MU lost. Not enough sleep. Blur blur went for lecture. But once inside lecture hall, could feel the adrenalin rushing to the brain. Gave briefing with regard to coursework for this semester. That took almost an hour, and then we had a short break. So in truth there was only less than an hour for lecture. Wouldn't be able to finish what was planned, so quickly rushed through the definitions and focused on the myths about entrepreneurs, mainly because the tutorial case study next week is about these myths. In the text is listed ten common myths so I'm going to follow that. Anyhow, there might be others not listed here which you may have sourced elsewhere. It's perfectly okay - you can include others too as long as you can argue your point well.

Entrepreneurs are born, not made. It's all in your DNA - either you are born to be an entrepreneur or you are not. So you have to check your family tree see how many of your forefathers are entrepreneurs!!! If none, ha, you are not going to make it as an entrepreneur. This must be the biggest myth of them all - similar to the one about "leaders are born, not made" - but this must be worse. Nowadays, there are many training centers providing courses on entrepreneurship. The course that you are following now is coaching you to become an entrepreneur, not just an entrepreneur for that matter, but a pretty good and competent one too!!! Everyone can be trained to do an environmental analysis, to make decisions based on critical path, to do some calculations on risks, and so on and so forth. On top of that, we have all the hardware and software that you need to assist you. Most of us are trained to become an entrepreneur, either formally in institutions of learning or informally through our life and work experiences.

Entrepreneurs are doers, not thinkers. This is to imply that entrepreneurs are impulsive and tend to act on

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