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Article: 12 Pervasive myths about starting a small business

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Apr 9, 2010 09:07 EDT

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http://www.businesspundit.com/12-pervasive-myths-about-starting-a-small-business/

12 Pervasive myths about starting a small business
Drea Knufken
BusinessPundit.com
 
Few subjects are as plagued by myths and falsehoods as starting a small business. Everywhere you turn, someone is making sweeping proclamations about small businesses – the difficulty of starting one, the risks involved, the odds of failure or what you “have to do” in order to make it. And unlike in some fields, myths about small business are not simply harmless old wives tales. Rather than leaving you to fend for yourself against business dogma, Business Pundit assembled – and debunked – this list of 12 pervasive myths about running a small enterprise.
 
  1. It takes money to make money
  2. You're sunk without a business plan
  3. It takes a great idea
  4. 50% (or however many) of small businesses fail
  5. You can delegate all the unpleasant stuff
  6. I call all the shots
  7. It takes X years for small businesses to turn a profit
  8. I'll have more freedom to live my life
  9. Now I can write everything off
  10. If I build it, they will come
  11. I can pay myself whatever I want
  12. Small business success requires bold risk-taking
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Article: 12 Pervasive myths about starting a small business

Relevant Subject and Topic
Business and Entrepreneurship
Career and Life Skills

Types
Article

Features
Informative, Educational, Entertaining, Inspirational, Experiential, Text

Format
Blog

Copyright Owner
Drea Knufken
BusinessPundit.com

Most Suitable For Use By
Instructors, Facilitators, Parents, Learners, Entrepreneurs, Policy Makers

Age Appropriateness
Adult(19+)
Youth(12-18)

Grade Appropriateness
High School, Postsecondary, Graduate, Adult General, Professional

Geographic Suitability
All or Non-Specific

Language
English

Education Standards Maps

Version History

Date Edited
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Apr 9, 2010 09:07 EDT
PNR

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