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Sayantika ChatterjeeTop Contributor
I am a literature student from University of Calcutta and came here to contribute.
Asked a question 2 years ago

What are the misconceptions about entrepreneurship?

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Sayantika ChatterjeeTop Contributor
I am a literature student from University of Calcutta and came here to contribute.

Entrepreneurship is such a large concept, an umbrella for a large variety of topics and aspects. And so comes the misconceptions about it. But it is important to bust those misconceptions and clear our ideas about it. 

  • Entrepreneurship is an easy task: Entrepreneurship never was and never will be an easy task. Setting up a business involves a hell lot of sweat and blood. One needs commitment, determination and hard work. Also, it ain't effortless. An entrepreneur encounters ups and downs and push themselves each and every day.
  • Entrepreneurship is a risky gamble: Well, this is true to some extent but not true enough. Every business involves risk and is based on probability. But an entrepreneur isn't afraid to take risks and calculate every steps. Even, there are some times when a successful entrepreneurship means avoiding or minimising risks. 
  • Successful entrepreneurship only needs a great idea: Who says that? Even a basic idea can do wonders. Having a great idea is just a part of the equation. What matters is how you lead the group, how can you turn an ordinary idea into an extraordinary one and how can you analyse the market. Also, your presence of mind.