There was an interesting statistic recently on inc.com. It suggested that almost two-thirds of people under the age of 30 wanted to start their own business. Many people see business ownership as the best route to financial and career freedom, so it’s no surprise that the number is so high.
However, only a small portion of that number will ever succeed in making their dream a reality.
Why is that? Well, many people equate starting a business with risk, complexity and potential financial ruin. In other words: it’s too scary. So here are five common myths about starting a new business, and the reality.
Are you having doubts about starting a business?
It is easy for would-be entrepreneurs to focus on the negatives and the risks of starting a business. And of course it does have its risks, which is why so few people actually make the leap into business ownership. But don’t let doubts get in the way of your dreams. Sometimes you just need to think about the reality of what being an entrepreneur actually means. It might surprise you.
So how many of these myths have been in your thoughts lately? Have any of them stopped you from making that leap in starting your own business?