One of the most common misconceptions that discourage people from starting their own businesses is that entrepreneurs are born and not made. This is why many people who have been employed for years simply do not believe that they have what it takes to have their own startups and be entrepreneurs.
According to William Schantz, this concept is nothing more than a myth, as entrepreneurship does not run in a person’s DNA. Instead, every person has the potential to be their own boss and start their own business if they simply decide to take that risk and move forward.
To learn about the other top myths about entrepreneurs, keep reading below.
Debunking Top Myths About Entrepreneurs According to William Schantz
Any time people assume that entrepreneurship is a genetic or God-gifted trait, they themselves end up limiting their possibilities and capabilities. While there is nothing wrong with having a stable nine-to-five job, it can limit a person’s growth opportunities and ability to thrive.
Hence, if you are someone who does not come from an entrepreneurial background, do not base the chances of having a successful business on popular myths. According to William Schantz, some of these myths are as follows:
Entrepreneurs Do Not Have a Personal Life
The path towards being employed and becoming an entrepreneur usually are quite different in the beginning. When one gets a job, their professional abilities are only required for a limited period, after which they can return back home and enjoy the rest of their day.
On the other hand, when a person is starting up their business, they usually have to work longer hours and stay more proactive. However, once when the business starts turning a profit, the entrepreneur can simply hire other people to do the hard work.
Not only does this enable their business a chance to grow, but it also allows them to have as much of a personal life as they want.
Entrepreneurs Are Always Rich and Intelligent
When people see the top entrepreneurs of the world, they tend to find a similar trend between them. For instance, if one looks at how successful entrepreneurs like Jack Ma, Mark Zuckerberg, or Elon Musk are, one may assume that entrepreneurs are always extremely rich and intelligent.
However, in reality, what one does not see is the years of struggle and hardships all three of these men had to go through to get to where they are today.
This is why William Schantz firmly believes that successful entrepreneurship is not genetic but an outcome of determination, drive, and hard work.
Entrepreneurs Are Born Risk Takers
Humans, by their very nature, are observant and conscious about their surroundings. This allows them to avoid unnecessary risk and remain safe at all times.
When one talks about the risks an entrepreneur takes, we assume that they do not have the trait that instills fear or doubts in their hearts. However, in reality, this is far from the truth.
According to William Schantz, what may seem like a blind risk to us is actually a well-calculated plan or strategy. Hence, entrepreneurs do not blindly take risks and invest in weighing out all the related factors.
Final Words by William Schantz
Being an entrepreneur is more than having entrepreneurial parents or lots of money. Instead, it is about a mindset that enables people to have faith in their own capabilities, potential, and strengths.
Hence, if you plan to be an entrepreneur, simply pen down your business idea, examine the related factors, and have faith in your ability to turn a profit.