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HomeBusinessEntrepreneurship60-Second Business Tip: Myths of Entrepreneurship

60-Second Business Tip: Myths of Entrepreneurship

There is plenty of nice details about entrepreneurship on the market, however some concepts floating round aren’t utterly correct, says enterprise growth guide and Entrepreneur journal author Terry Rice. In the above video, Rice breaks down three frequent myths about entrepreneurship.

Myth 1: You need to comply with your ardour.

Well, that sounds good, however it’s not utterly true. Instead of ardour, give attention to goal. What is one thing that you just’re good at that may assist folks and have a significant influence in your life?

Myth 2: You ought to attempt to make as a lot cash as doable.

You may very well be comfortable making $60,000 a yr as a solopreneur or utterly depressing, making $600,000 managing a big employees. You get to resolve what success means to you, not society.

Myth 3: You must have a singular thought.

The fact is plenty of good concepts have already been. But your character, experiences and character can assist you to put a singular spin on them and doubtlessly discover room for enchancment.

Related: 60-Second Tip on Getting More Productive

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