{"id":19454,"date":"2024-12-18T11:33:04","date_gmt":"2024-12-18T11:33:04","guid":{"rendered":"https:\/\/www.globalcareercounsellor.com\/blog\/?p=19454"},"modified":"2024-12-18T12:17:38","modified_gmt":"2024-12-18T12:17:38","slug":"debunking-5-popular-myths-about-entrepreneurship","status":"publish","type":"post","link":"https:\/\/www.globalcareercounsellor.com\/blog\/debunking-5-popular-myths-about-entrepreneurship\/","title":{"rendered":"Debunking 5 Popular Myths About Entrepreneurship"},"content":{"rendered":"<p style=\"text-align: justify;\"><span style=\"font-weight: 400; font-family: georgia, palatino; color: #000000;\">3 out of 5 people in India think about setting up their own business or venture in their entire life. According to the Randstad Workmonitor survey, 83% of the Indian workforce would like to be an entrepreneur, higher than the global average of 53%.<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400; font-family: georgia, palatino; color: #000000;\">This means that every individual seems interested in entrepreneurship once in a lifetime due to its various benefits. However, there are certain ideas and notions that may discourage people from beginning this empowering journey of entrepreneurship.<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400; font-family: georgia, palatino; color: #000000;\">Here, in this article, we are debunking those myths about entrepreneurship that people believed so far. If you come across any of the myths or if this article changes your perspective about entrepreneurship, do not hesitate to mention it in the comment section below.<\/span><\/p>\n<p><span style=\"font-family: georgia, palatino;\"><a href=\"https:\/\/www.globalcareercounsellor.com\/blog\/wp-content\/uploads\/2021\/06\/Employee-V-s-Entrepreneur-\u2013-1.png\"><img fetchpriority=\"high\" decoding=\"async\" class=\"aligncenter size-full wp-image-19478\" src=\"https:\/\/www.globalcareercounsellor.com\/blog\/wp-content\/uploads\/2021\/06\/Employee-V-s-Entrepreneur-\u2013-1.png\" alt=\"Career Counselling Myths\" width=\"800\" height=\"684\" srcset=\"https:\/\/www.globalcareercounsellor.com\/blog\/wp-content\/uploads\/2021\/06\/Employee-V-s-Entrepreneur-\u2013-1.png 800w, https:\/\/www.globalcareercounsellor.com\/blog\/wp-content\/uploads\/2021\/06\/Employee-V-s-Entrepreneur-\u2013-1-300x257.png 300w, https:\/\/www.globalcareercounsellor.com\/blog\/wp-content\/uploads\/2021\/06\/Employee-V-s-Entrepreneur-\u2013-1-768x657.png 768w\" sizes=\"(max-width: 800px) 100vw, 800px\" \/><\/a><\/span><\/p>\n<h2 style=\"text-align: justify;\"><span style=\"font-family: georgia, palatino; font-size: 24px; color: #000000;\">Myths About Entrepreneurship<\/span><\/h2>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_81 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<label for=\"ez-toc-cssicon-toggle-item-6a00895347210\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #2a9fc9;color:#2a9fc9\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #2a9fc9;color:#2a9fc9\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a00895347210\"  aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/www.globalcareercounsellor.com\/blog\/debunking-5-popular-myths-about-entrepreneurship\/#Myth_%E2%80%93_1_Entrepreneurship_doesnt_provide_work-life_balance\" >Myth &#8211; #1: Entrepreneurship doesn\u2019t provide work-life balance<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/www.globalcareercounsellor.com\/blog\/debunking-5-popular-myths-about-entrepreneurship\/#Myth_%E2%80%93_2_Entrepreneurship_requires_huge_funding\" >Myth &#8211; #2: Entrepreneurship requires huge funding<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/www.globalcareercounsellor.com\/blog\/debunking-5-popular-myths-about-entrepreneurship\/#Myth_%E2%80%93_3_Entrepreneurship_comes_with_high_risks\" >Myth &#8211; #3: Entrepreneurship comes with high risks<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/www.globalcareercounsellor.com\/blog\/debunking-5-popular-myths-about-entrepreneurship\/#Myth_%E2%80%93_4_Entrepreneurship_either_ends_up_with_flourishment_or_failure\" >Myth &#8211; #4: Entrepreneurship either ends up with flourishment or failure<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/www.globalcareercounsellor.com\/blog\/debunking-5-popular-myths-about-entrepreneurship\/#Myth_%E2%80%93_5_Entrepreneurship_is_a_born_quality\" >Myth &#8211; #5: Entrepreneurship is a born quality<\/a><\/li><\/ul><\/nav><\/div>\n<h3 style=\"text-align: justify;\"><span class=\"ez-toc-section\" id=\"Myth_%E2%80%93_1_Entrepreneurship_doesnt_provide_work-life_balance\"><\/span><span style=\"font-weight: 400; font-size: 24px; font-family: georgia, palatino; color: #000000;\">Myth &#8211; #1: Entrepreneurship doesn\u2019t provide work-life balance<\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400; font-family: georgia, palatino; color: #000000;\">One of the most popular myths about entrepreneurship is entrepreneurs don\u2019t get time for their friends, family, and leisure activities. People often think that entrepreneurship is a 24*7 job which means, an entrepreneur has to work more than an average employee to achieve their dreams.<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400; font-family: georgia, palatino; color: #000000;\">To some extent, setting up your venture indeed requires hard work, commitment and dedication. However, it\u2019s also true that entrepreneurs can easily maintain a work-life balance. To do so, they need to master time management skills.\u00a0<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400; font-family: georgia, palatino; color: #000000;\">If you can create a proper routine for yourself, you won\u2019t face any hurdles in managing your professional life and personal life.\u00a0<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400; font-family: georgia, palatino; color: #000000;\">Many corporate managers and executives also work beyond 40 hours a week. Therefore, entrepreneurs don\u2019t have a personal life is a myth. The best way to maintain a balance is \u2018Time Control\u2019.\u00a0<\/span><\/p>\n<h3 style=\"text-align: justify;\"><span class=\"ez-toc-section\" id=\"Myth_%E2%80%93_2_Entrepreneurship_requires_huge_funding\"><\/span><span style=\"font-weight: 400; font-size: 24px; font-family: georgia, palatino; color: #000000;\">Myth &#8211; #2: Entrepreneurship requires huge funding<\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400; font-family: georgia, palatino; color: #000000;\">People often think that if they want to start a business, they have to have a pile of cash. To get great funding, they will have to wheel and deal with investors, capitalists, and more.<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400; font-family: georgia, palatino; color: #000000;\">However, this is not all true.\u00a0<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400; font-family: georgia, palatino; color: #000000;\">You can start a business with your own money too. All you need to have is an idea and motivation. If you have a good business idea, you can easily win investors or if you want to start small, you can even invest your money as well.<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400; font-family: georgia, palatino; color: #000000;\">Career counselling is an ever-green field. If you don\u2019t want to start with a big organization, you can start with a small business. You can work from home. Start counselling students\/ parents with social media promotion. When you think, you have enough money and experience, build a bigger organization and appoint staff too.<\/span><\/p>\n<h3 style=\"text-align: justify;\"><span class=\"ez-toc-section\" id=\"Myth_%E2%80%93_3_Entrepreneurship_comes_with_high_risks\"><\/span><span style=\"font-weight: 400; font-size: 24px; font-family: georgia, palatino; color: #000000;\">Myth &#8211; #3: Entrepreneurship comes with high risks<\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400; font-family: georgia, palatino; color: #000000;\">As per the dictionary definition, an entrepreneur assumes business risks. But what kind of risks? What is the whole idea of risks?<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400; font-family: georgia, palatino; color: #000000;\">Over a period of time, the definition of risk has been changing. If we look closely, everything is at risk. However, in entrepreneurship, we have given a separate definition of risk.<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400; font-family: georgia, palatino; color: #000000;\">Entrepreneurs take risks at times. But, it\u2019s not true that they put themselves in high-risk situations all the time. They don\u2019t necessarily take lots of risks all the time. Entrepreneurs calculate risks. They do a certain action and calculate the consequences and accordingly decide upon their move. They work on decisions that are calculated, data-driven, and pursued with teeth-grinding determination.<\/span><\/p>\n<p><span style=\"font-family: georgia, palatino;\"><strong><span style=\"color: #000000;\">Recommended Read: <\/span><span style=\"color: #0000ff;\"><a style=\"color: #0000ff;\" href=\"https:\/\/www.globalcareercounsellor.com\/blog\/7-must-read-books-for-entrepreneurs-2\/\" target=\"_blank\" rel=\"noopener noreferrer\">7 Must-Read Books for Entrepreneurs<\/a><\/span><\/strong><\/span><\/p>\n<h3 style=\"text-align: justify;\"><span class=\"ez-toc-section\" id=\"Myth_%E2%80%93_4_Entrepreneurship_either_ends_up_with_flourishment_or_failure\"><\/span><span style=\"font-weight: 400; font-size: 24px; font-family: georgia, palatino; color: #000000;\">Myth &#8211; #4: Entrepreneurship either ends up with flourishment or failure<\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400; font-family: georgia, palatino; color: #000000;\">There are many cases where you find an all-or-nothing outlook on entrepreneurship. They say it\u2019s either head or tail. However, there is also a situation where the coin could stand despite falling on any of the sides.<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400; font-family: georgia, palatino; color: #000000;\">This also happens in entrepreneurship. Opening and starting your own business doesn\u2019t mean that you will either win or lose. There\u2019s a midway too. However, entrepreneurs need to understand that it\u2019s important to be patient and strategic at the same time to keep the company afloat. Initially, they can falter or have lacklustre growth rates at the start, but going with the flow will end up with healthy growth.<\/span><\/p>\n<h3 style=\"text-align: justify;\"><span class=\"ez-toc-section\" id=\"Myth_%E2%80%93_5_Entrepreneurship_is_a_born_quality\"><\/span><span style=\"font-weight: 400; font-size: 24px; font-family: georgia, palatino; color: #000000;\">Myth &#8211; #5: Entrepreneurship is a born quality<\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400; font-family: georgia, palatino; color: #000000;\">Entrepreneurs are born and not made. One of the most popular myths. People believe that entrepreneurship is not their cup of tea because entrepreneurs are born in this way. However, it\u2019s not a trait that you can inherit from your parents. The truth is that this is a skill that everyone can develop. Even in some colleges and universities, entrepreneurship is being taught. People can develop this quality on their own. Anyone can become an entrepreneur if they can learn the necessary skills.<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400; font-family: georgia, palatino; color: #000000;\">These are some debunked myths about entrepreneurship. Read these misconceptions carefully and try to spread awareness about them too.<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400; font-family: georgia, palatino; color: #000000;\">If you have the zeal to become an entrepreneur and want to start a career counselling venture, become a Super Counsellor. It is India&#8217;s first incubator for career counsellors by Univariety that helps individuals to start their counselling venture. The program provides them with world-class resources to strengthen their practice.<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400; font-family: georgia, palatino; color: #000000;\">Check out some of our Supre Counsellors and what they want to say about the program:<\/span><\/p>\n<p><span style=\"font-family: georgia, palatino;\"><a href=\"https:\/\/www.globalcareercounsellor.com\/blog\/wp-content\/uploads\/2021\/06\/Preetika.png\"><img decoding=\"async\" class=\"aligncenter size-full wp-image-19458\" src=\"https:\/\/www.globalcareercounsellor.com\/blog\/wp-content\/uploads\/2021\/06\/Preetika.png\" alt=\"Myths about entrepreneurship\" width=\"453\" height=\"643\" srcset=\"https:\/\/www.globalcareercounsellor.com\/blog\/wp-content\/uploads\/2021\/06\/Preetika.png 453w, https:\/\/www.globalcareercounsellor.com\/blog\/wp-content\/uploads\/2021\/06\/Preetika-211x300.png 211w\" sizes=\"(max-width: 453px) 100vw, 453px\" \/><\/a> <a href=\"https:\/\/www.globalcareercounsellor.com\/blog\/wp-content\/uploads\/2021\/06\/Ambika.png\"><img decoding=\"async\" class=\"aligncenter size-full wp-image-19459\" src=\"https:\/\/www.globalcareercounsellor.com\/blog\/wp-content\/uploads\/2021\/06\/Ambika.png\" alt=\"Myths about entrepreneurship\" width=\"451\" height=\"635\" srcset=\"https:\/\/www.globalcareercounsellor.com\/blog\/wp-content\/uploads\/2021\/06\/Ambika.png 451w, https:\/\/www.globalcareercounsellor.com\/blog\/wp-content\/uploads\/2021\/06\/Ambika-213x300.png 213w\" sizes=\"(max-width: 451px) 100vw, 451px\" \/><\/a><\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400; font-family: georgia, palatino; color: #000000;\">If you are new to the career counselling industry or want to enter this industry or want to polish your skills, we are there for you!<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400; font-family: georgia, palatino; color: #000000;\">You can join this industry or upskill yourself with the Global Career Counsellor Program. This is Asia\u2019s 1st comprehensive online program for individuals passionate about career counselling by Univariety in collaboration with UCLA Extension. The program offers extensive modules, expert trainers, videos, real case studies, and a lot more.<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400; font-family: georgia, palatino; color: #000000;\">So, what are you waiting for?\u00a0<\/span><\/p>\n<p style=\"text-align: center;\"><span style=\"color: #000080; font-family: georgia, palatino;\"><strong><a style=\"color: #000080;\" href=\"http:\/\/univariety1.viewpage.co\/GCC-blog-call-back-request\" target=\"_blank\" rel=\"noopener noreferrer\"><span style=\"font-size: 24px;\">Speak to our Expert Advisor<\/span><\/a><\/strong><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>3 out of 5 people in India think about setting up their own business or venture in their entire life. According to the Randstad Workmonitor survey, 83% of the Indian workforce would like to be an entrepreneur, higher than the global average of 53%. This means that every individual seems interested in entrepreneurship once in<\/p>\n","protected":false},"author":8,"featured_media":19455,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[164,2,157,189],"tags":[361,192,319,395],"class_list":{"0":"post-19454","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-career-counsellor","8":"category-educator","9":"category-teacher","10":"category-with-audio","11":"tag-challenges-faced-by-entrepreneurs","12":"tag-entrepreneurs","13":"tag-how-to-become-an-entrepreneur","14":"tag-myths-about-entrepreneurship"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v23.4 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Debunking 5 Popular Myths About Entrepreneurship | Global Career Counsellor Certification<\/title>\n<meta name=\"description\" content=\"Entrepreneurship comes with various misconceptions. 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