{"id":4579,"date":"2015-01-12T15:58:12","date_gmt":"2015-01-12T20:58:12","guid":{"rendered":"https:\/\/futurpreneur.ca\/?p=4579"},"modified":"2024-02-14T10:38:27","modified_gmt":"2024-02-14T15:38:27","slug":"10-myths-and-antidotes-for-entrepreneurs","status":"publish","type":"post","link":"https:\/\/futurpreneur.ca\/en\/blog\/10-myths-and-antidotes-for-entrepreneurs\/","title":{"rendered":"10 Myths and Antidotes for Entrepreneurs"},"content":{"rendered":"

Dominik Loncar, Futurpreneur Canada Entrepreneur-in-Residence, <\/em>dloncar@cybf.ca<\/a><\/em><\/p>\n

Is this the year you launch your business? It\u2019s easy to feel overwhelmed with all the people who will give you advice, and all the information that is available on the internet. Here are ten tips to sort out the myths, half- truths and realities before making the leap. Entrepreneurship can be a wonderful journey. \u00a0Just do it with your eyes wide open and your ears fully attuned.<\/p>\n

1. \u00a0All you need is a great idea.<\/strong>\u00a0 An idea is not a business. \u00a0Ideas are starting points, not ending points.\u00a0 You will reiterate and fine tune your original idea many times over.<\/p>\n

2. \u00a0Men and women start businesses differently<\/strong>. \u00a0There is some truth to this but they\u2019re more alike when they succeed:\u00a0 sharp, resilient and customer driven.<\/p>\n

3. \u00a0Entrepreneurship is your ticket to instant success.<\/strong> \u00a0Most entrepreneurs achieve success through hard work over a period of time.<\/p>\n

4. \u00a0You\u2019ll be motivated because it\u2019s your business.<\/strong> \u00a0This does not mean doing what you felt like doing.\u00a0 You\u2019ll need to make sacrifices, reduce your personal expenses, watch your pennies, do the cash flow, get out, sell and take out the garbage.<\/p>\n

5. \u00a0You have to be in the right place at the right time.<\/strong> Timing does play a part in business success but there is always room for a business that gives fantastic customer service and value even if it\u2019s been done before.<\/p>\n

6. \u00a0You need a ton of money to make it big.<\/strong> Act your stage before you ask for that hefty investment from the Dragon\u2019s Den. \u00a0Make sure you know how to make the few dollars you do have, work. \u00a0The word \u201cresourceful\u201d was invented by an entrepreneur.<\/p>\n

7. \u00a0Your brilliant social media plan will make you rich.<\/strong> There is no magic pill to success. Things go viral online when you least expect them to (see #3).<\/p>\n

8. \u00a0You can do it alone.<\/strong> \u00a0You quickly realize how truly interdependent we really are. \u00a0Ask for help and stay humble.<\/p>\n

9. \u00a0Being an entrepreneur is the end goal.<\/strong>\u00a0 Entrepreneurship is a means to a larger goal: \u00a0To lead a more fulfilling life. So, if it doesn\u2019t work out, it doesn\u2019t have to define you.<\/p>\n

10. \u00a0Entrepreneurs are _____________________ (fill in the blank).<\/strong> \u00a0Entrepreneurs come in all shapes and sizes and modes of thinking. There is no cookie cutter entrepreneur.<\/p>\n","protected":false},"excerpt":{"rendered":"

Dominik Loncar, Futurpreneur Canada Entrepreneur-in-Residence, dloncar@cybf.ca Is this the year you launch your business? It\u2019s easy to feel overwhelmed with all the people who will give you advice, and all the information that is available on the internet. Here are ten tips to sort out the myths, half- truths and realities before making the leap. […]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[10],"tags":[],"class_list":["post-4579","post","type-post","status-publish","format-standard","hentry","category-futurpreneurs-and-partners"],"acf":[],"_links":{"self":[{"href":"https:\/\/futurpreneur.ca\/en\/wp-json\/wp\/v2\/posts\/4579","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/futurpreneur.ca\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/futurpreneur.ca\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/futurpreneur.ca\/en\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/futurpreneur.ca\/en\/wp-json\/wp\/v2\/comments?post=4579"}],"version-history":[{"count":0,"href":"https:\/\/futurpreneur.ca\/en\/wp-json\/wp\/v2\/posts\/4579\/revisions"}],"wp:attachment":[{"href":"https:\/\/futurpreneur.ca\/en\/wp-json\/wp\/v2\/media?parent=4579"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/futurpreneur.ca\/en\/wp-json\/wp\/v2\/categories?post=4579"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/futurpreneur.ca\/en\/wp-json\/wp\/v2\/tags?post=4579"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}