Entrepreneur Facts And Fiction

It seems that in today’s world, everyone wants to be an entrepreneur. And it is commendable, but not everyone has what it takes to actually succeed as an entrepreneur.

When you mention entrepreneurship in circles, you are apt to hear many things and some will seem to contradict what another person said.

In today’s post, I am going to attempt to lead you down a path of enlightenment of truth… The facts.

Here are entrepreneur facts and fiction so you can make sure you know who to believe and who not to.

And to add to it, I am also adding some great quotes that relate to entrepreneurship.

“An entrepreneur tends to bite off a little more than he can chew hoping he’ll quickly learn how to chew it.” Roy Ash

Entrepreneur Facts And Fiction: You Will Be Happier

No matter what people tell you either way on this one, I call it fiction because happiness is something that should come from within and not from the outside.

I have known many happy people that work a 9 to 5, 7 to 3, or even 6 to 6 everyday for someone else. I also have known unhappy people in the same type of position. This also is true for entrepreneurs. Some are happy and others are not.

It is my opinion that happiness is achieved when you feel you are contributing to the betterment of the human population and it can be through many ways… It does not mean having your own business, but it could.

“It’s fine to celebrate success but it is more important to heed the lessons of failure.” Bill Gates

Entrepreneur Facts And Fiction: The Key To Successful Entrepreneurship Is Passion

There may be some who would dare debate this FACT, but passion IS the key!

If we look back through time at entrepreneurs, most had many people saying can’t, won’t, shouldn’t and don’t. But because of their passion, they strove on through the clouds of negativity to discover a shining light of success at the end.

You see, if your only thought is money but you don’t have passion, you should probably find something you are passionate about because you will have better odds of succeeding.

“One of the huge mistakes people make is that they try to force an interest on themselves. You don’t choose your passions; your passions choose you.” Jeff Bezos

Entrepreneur Facts And Fiction: Entrepreneurs Are Gamblers

I know that at some point you will hear something that equates to the line I mentioned.

It is true that starting a business has some risk, and I guess you could call that gambling. But if that is true, every adult in this world is therefore a gambler. Because you take a risk:

driving a car or even just walking,
buying a home,
investing in stock,
or even eating in a restaurant.

Nearly anything that provides us some sort of satisfaction does require some risk.

Now to me, a gambler is a person who tries to beat the odds. After all, in any casino, horse track or with a “bookie,” the odds are in their favor.

Entrepreneurs take calculated risks and do as much as possible to put the odds in their favor.

“To win without risk is to triumph without glory.” Corneille

Entrepreneur Facts And Fiction: Entrepreneurs Can Start With Little Funding

While some entrepreneurs may go deep in debt, many successful entrepreneurs have started with very little. They may ask friends or family to invest small amounts and they bootstrap their way to success.

Statistics say the average start up begins with approximately $10,000.

If a budget is managed correctly, an entrepreneur can grow a profitable business that is self-sufficient.

“The entrepreneur is essentially a visualizer and actualizer. He can visualize something, and when he visualizes it he sees exactly how to make it happen.” Robert L. Schwartz