10 Myths of Entrepreneurship

Got this from Guy Kawasaki’s blog. Good reality check!
clipped from blog.guykawasaki.com

sas46_65.jpgThis is a guest post by Scott Shane as a follow up to his entrepreneurship test. He is the A. Malachi Mixon Professor of Entrepreneurial Studies at Case Western Reserve University. He is the author of seven books, the latest of which is The Illusions of Entrepreneurship: The Costly Myths That Entrepreneurs, Investors, and Policy Makers Live By. Many entrepreneurs believe a bunch of myths about entrepreneurship, so here are ten of the most common and the realities that bust them:
It takes a lot of money to finance a new business.
Venture capitalists are a good place to go for start-up money.
Most business angels are rich.
Start-ups can’t be financed with debt.
Banks don’t lend money to start-ups.
Most entrepreneurs start businesses in attractive industries.
Most entrepreneurs are successful financially.
Many start-ups achieve the sales growth projections that equity investors are looking for.
Starting a business is easy.
The growth of a start-up depends more on an entrepreneur’s talent
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