Entrepreneur Myths (50 page)
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Good luck and Godspeed.
Table of Contents
Entrepreneur Myth 1 | Entrepreneurs are born
Entrepreneur Myth 2 | Education is critical to be a successful entrepreneur
Entrepreneur Myth 3 | You must risk it all to make it
Entrepreneur Myth 4 | You must have domain expertise to start a venture
Entrepreneur Myth 5 | The best time to start a venture is when you’re young
Entrepreneur Myth 6 | You’ll be your own boss
Entrepreneur Myth 7 | Control is not an issue
Entrepreneur Myth 8 | Failure is not an option
Entrepreneur Myth 9 | Men are better entrepreneurs than women
Entrepreneur Myth 10 | Married couples should not entrepreneur together
Entrepreneur Myth 11 | Entrepreneurs have a balanced life
Entrepreneur Myth 12 | If you fail, you can try, try again
Entrepreneur Myth 13 | The journey is the reward
Entrepreneur Myth 14 | Ideas are a dime a dozen
Entrepreneur Myth 15 | All you need is a great idea in order to succeed
Entrepreneur Myth 16 | Make it and they will come
Entrepreneur Myth 17 | Ideas and ideation come through purpose or special intent
Entrepreneur Myth 18 | You must be first to market
Entrepreneur Myth 19 | The business plan is critical
Entrepreneur Myth 20 | Sales projections are critical
Entrepreneur Myth 21 | You must have an office
Entrepreneur Myth 22 | You don’t need an attorney
Entrepreneur Myth 23 | In business, most people tell the truth
Entrepreneur Myth 24 | Competition is not important as long as you focus on your customer
Entrepreneur Myth 25 | Getting distribution is easy
Entrepreneur Myth 26 | The best exit strategy is an IPO
Entrepreneur Myth 27 | Raising capital is easy if you have a great idea
Entrepreneur Myth 28 | You have to “dress for success” when raising capital
Entrepreneur Myth 29 | You need capital to develop your product or service
Entrepreneur Myth 30 | Money grows on trees
Entrepreneur Myth 31 | You can raise money overnight
Entrepreneur Myth 32 | Dumb money is bad money, and smart money is good money
Entrepreneur Myth 33 | Take the money, take the money and take the money
Entrepreneur Myth 34 | The check’s in the mail
Entrepreneur Myth 35 | Raising big money is harder than small money
Entrepreneur Myth 36 | Investors are easily found
Entrepreneur Myth 37 | OPM is the best way to fund your venture
Entrepreneur Myth 38 | Angels are Angelic
Entrepreneur Myth 39 | VCs are smarter than you
Entrepreneur Myth 40 | Venture capital is risk capital
Entrepreneur Myth 41 | Getting a venture capital meeting is easy because your idea is so great
Entrepreneur Myth 42 | You can trust a venture capitalist
Entrepreneur Myth 43 | Venture capital is the best way to fund your venture
Entrepreneur Myth 44 | Sweat equity is extremely valuable
Entrepreneur Myth 45 | Valuation is based on numbers
Entrepreneur Myth 46 | Your employees understand your daily pressures
Entrepreneur Myth 47 |Your employees will work as hard as you do
Entrepreneur Myth 48 | Your employees are entrepreneurs too
Entrepreneur Myth 49 | Your friends and family will be honest about your idea
Entrepreneur Myth 50 | Family members make great employees
EXTRA FUCKING BONUS | MORE MYTHS AT NO ADDITIONAL CHARGE
Entrepreneur Myth 51 | Your partners are willing to share the same risk as you
Entrepreneur Myth 52 | Equal partners do equal work
Entrepreneur Myth 53 | Good partners are easy to find
Entrepreneur Myth 54 | ‘Til exit do partners part
Entrepreneur Myth 55 | Boards and advisory boards are critical to the success of your venture
Entrepreneur Myth 56 | Venture capitalists are vultures
Entrepreneur Myth 57 | A power law works in your favor
Entrepreneur Myth 58 | You can’t build a billion dollar company overnight
Entrepreneur Myth 59 | Bubblepreneur: Party like it’s 1999
Entrepreneur Myth 60 | Pets@office is not professional
Should you start your venture?