Myths About Entreprenuership

Myths About Entreprenuership - Myths About Entrepreneurs...

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Myths About Entrepreneurs
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Most Entrepreneurs Take Significant, Uncalculated Risks Starting Company Most hate risk, but are not afraid of it Entrepreneurs work in the early stages, to share risks with others: Employees bear risk Accrued payroll or paid in stock or warrants Suppliers bear risk Extended terms or paid with stock Customers bear risk Agree to buy unproven, perhaps undeveloped products
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Myth #1 Cont. In early stage: Financial risk generally in fact limited because of limited wherewithal Professional risk also limited because likely not yet well established in field of venture In later stages financial and other previously shared risk now falls heavily upon founder Risk to founder unimaginably high at this point Popular but not correct perception of risk taking entrepreneurs now right on target
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Most Successful Companies Feature Breakthrough Technology Jiffy Lube and Taste Crème donuts more common than YouTube
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Myths About Entreprenuership - Myths About Entrepreneurs...

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