5 Lies They Told You About Entrepreneurship

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Lie #1: Work exhausting and you’ll succeed!

  • False… In the Digital Age, exhausting work is NOT adequate anymore!
  • We may fit 24/7, but when our business mannequin is irrelevant or outdated, there’s no strategy to obtain success.
  • Strategy wins wars, NOT brute drive.

Lie #2: You have to know every little thing about business to succeed!

  • False… Entrepreneurship is the artwork of placing a puzzle collectively, not doing every little thing ourselves.
  • Success in business is achieved due to teamwork, NOT due to one famous person.
  • Great entrepreneurs encompass themselves with wonderful folks that be a part of forces to execute his/her imaginative and prescient.

Lie #three: You want a College Degree / MBA to succeed!

  • False…
    Entrepreneurship is about having a deep understanding of a
    drawback/harm/want of a market and constructing a business mannequin round it to
    ship the answer to the market.
  • Most faculty and MBA abilities are targeted on managing a business, NOT creating / placing collectively / beginning a business.
  • Successful entrepreneurs are targeted on their clients, NOT on their administration abilities.

Lie #four: You want money to succeed!

  • False… The most respected firm on earth was began in a storage (Apple) NOT in a flowery workplace.
  • Michael Dell began in a school dorm room, NOT on Shark Tank.
  • Entrepreneurship is all about taking motion, and fixing one drawback at a time, NOT about promoting buyers false goals.
  • Money is drawn to worth; ship worth and the money will come.

Lie #5: You have to invent a services or products to succeed!

  • False… Inventions with out a business mannequin are simply breakthroughs, NOT companies.
  • Innovations are very troublesome to be launched to the market. Instead, discover methods to innovate on the way you ship worth to your buyer.
  • Focus on paying clients, NOT what you imagine clients want.

The publish 5 Lies They Told You About Entrepreneurship appeared first on SME Digest!.

Durodola Bolaji

A network marketer, entrepreneur and investor, I am happily married with kids. I reside in Ibadan and run a company in Northern side of Nigeria. I am currently earning passive income working from the comfort of my home using the Internet, email, and the telephone with an incredible sense of security and peace of mind. I've been earning a full-time income from home online since 2014, mostly within the network marketing and direct sales industry, and in recent years.

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