This is a reprint of an article that I located on isnare.com. I am using this as an example of how you can find free content for your website and/or for your blog. Remember, search engines love new content - gives the spiders that crawl your site something new to munch. The only thing you must do is include a link and give credit.5 Myths About EntrepreneursBy Joe LeeThe media has made lots of reports about entrepreneurs. Somemay be true, some are not. Here are the 5 myths about being anentrepreneur.Myth #1: Entrepreneurs only care about making moneyMany people think entrepreneurs do what they do strictly forthe money, and that taking risks is all about entrepreneur'spersonal reward.While fear of poverty or use of money as a scorecard may havesome relevance - and there are, of course, some entrepreneursfocused primarily on financial profits - generally, money is notthe ultimate motivator for the majority of entrepreneurs.Many successful entrepreneurs do not live a lavish lifestylesthat reflect their financial success. Their motives are oftenmore about ego and emotion. For most entrepreneurs, money isjust a way to keep score.Money is also a way to do bigger and more exciting deals. Thethrill of challenge, the motivation of a new idea, and the risksinvolved have far more power to motivate the entrepreneurialspirit than money.Myth #2: Winning means somebody else is losingYou may have heard of people speak of success in business asbeing "on the backs of other," suggesting that if anentrepreneur is winning, somebody else must be losing.This attitude makes it seem like the only possible outcome of abusiness deal is to have one side win and the other side lose.The resulting bottom line is zero. This is sometimes referred toas the "zero-sum game."Entrepreneurs are creative and expansionary thinkers. Ratherthan accepting a zero-sum result, and, contrary to the myth thatan entrepreneur's success comes at the expense of others,entrepreneurs often try to figure out ways that both sides canwin.Myth #3: The greater the risk, the greater the rewardThis myth is always passed on to young entrepreneurs aseconomic gospel. The theoretical relationship between risk andreward is coincidental at best, and then only in certainsituations.Risk is a relative concept. All else being equal, real risksare modified by knowledge, experience, hard work, passion, andunforeseen circumstances. Applying knowledge to any investmentcan change the risk profile.Equally important in considering risks, perception of risks isoften different from reality. What one person considers highrisk might be from another's perspective a sure thing. Who thencan say what's a great risk or a great reward?Myth #4: As an entrepreneur, you can get rich quickHave you heard of those dotcom millionaires? In the internetworld, it sure seemed like people got rich overnight. But alwaysremember that things often seem easier than they are.It may seem to you that entrepreneurs made the huge amount ofmoney, but do you know that there are lots of hardwork before hemade it. Think twice about becoming an entrepreneur, if youthink you can get rich quick.Myth #5: A good business plan is the entrepreneur's criticalroadmap to successVenture capitalists often make business plans the key criteriain deciding whether or not to fund new companies. Businesseducators often talk about business plans like they are the HolyBible of business success. The theory is that the better andmore complete the business plan, the better the business willgo. This is a myth.While having an idea or a goal is critical, believing that youcan create a structured, believeing that you can create astructured business plan that will endure time or place issimply naive. In the real world,it rarely happens.Business plans can be useful initial tools, but they should beused only as guidelines. Trial and error, luck, creativity,flexibility, and adapting to unforeseeable developmentsultimately are what make an entrepreneurial venture succeed.Successful entrepreneurs know when to use creative problemsolving rather than theoretical business plans.About the Author: Joe is an enlightened entrepreneur startinghis business in an out-of-the-box way. With his experience , hecompiled a report, "49 Compelling Headlines to increase yourprofit by 433%".If you are frustrated with your advertisementresponse rate, you may want to get this report athttp://www.millionaire-idea.comSource: http://www.isnare.comPermanent Link: http://www.isnare.com/?aid=117479&ca=Business
Itiel: This is why I love this article. I cried and fussed over writing a business plan with all the financials and the like. "I have 42.00 worth of sales this year and project this to grow to blah blah blah." It really made my head hurt and I hated it. I like the ideas of writing down goals, keeping the books and adjusting when necessary.
Crystal: What you write is so true. Money cannot not be our driving forces because when we're not making it we don't stop right?
In regards to number one. That is a myth. If so true, many wouldn't be in business today. When you go in business for yourself the money you make go back in to the business for the first few years. You don't pay yourself and you feel more like you enslaved because you must work the business every day. Money is not the primary goal to me. From my experience owning a business it is the pursuit of happiness first and foremost. Secondly it being driven to pursue your purpose with passion. Sometimes you can't find your destiny working for anyone else and you must follow your instincts and go in business for self.
Great! #5 is so true. Many people come to me with the anxiousness of having a business plan. They are not sure of what to write, what if the plan isn't as accurate with the timeframe, what if the goal isn't achievable, etc. I simply say, "This is a guideline, your plans will change often. You have to be flexible. Set goals, and if they change along the way, change with them."
Comments
Crystal: What you write is so true. Money cannot not be our driving forces because when we're not making it we don't stop right?
Thanks for reading!