What are the myths about Entrepreneurship? Explain any two
Answers
Answer:
There are certain ideas and notions about entrepreneurs that may discourage you from starting your own business.
These myths aren’t necessarily all true.
Furthermore, there are some theories about business owners that might encourage you to create a startup company.
Some of these are myths as well.
I want to clear up any misconceptions you might have about entrepreneurship.
We’ll go through the top 10 most common myths about entrepreneurs.
The information I’ll give you can help you determine if you’re an employee or an entrepreneur.Lots of people think that entrepreneurs work 24 hours a day, 365 days a year.
Working nonstop means that you won’t have time for your family, friends, and leisure activities.
While it’s true that entrepreneurship can take grueling hours and commitment, it’s not true that you can’t have a personal life.
Part of being your own boss means that you can schedule your own hours – to some extent.
I’m not saying you can take time off whenever you want, but there’s still enough time for family and social activities.
One of the keys to being a successful entrepreneur is mastering your time management skills.

If you can establish a proper working routine, you won’t have trouble finding free time.
Sure, it can be overwhelming when you have 100 things on your to-do list that need to get done.
But you can’t do everything at once – you can only do one thing at a time.
Stick to your schedule.
Don’t worry about tasks that you’re not focusing on at the exact moment.
Entrepreneurs need to limit multitasking.
Multitasking reduces productivity.

So, how do you limit multitasking and increase productivity?
Schedule specific times to check and answer emails
Prioritize your to-do list
Put your phone on silent
Get off social media (for personal use)
These are a few tips to get started.
Answering calls and emails while you’re working on a task is not an efficient use of your time.
Instead, stick to your to-do list.
Make sure you’re working on the most important tasks first.
Don’t waste time on social media – unless of course, it’s business related.
You shouldn’t be uploading old pictures of yourself from high school or vacation photos from last winter to your personal social media pages while you’re on the job.
Get back to work.
Entrepreneurs who can master their time management skills will have plenty of time for a personal life.
Myth #2: Entrepreneurs take lots of risks
Entrepreneurs take risks.
With that said, they don’t necessarily take lots of risks or put themselves in high-risk situations all the time.
Are there risks associated with starting and running your own business?
Of course.
Entrepreneurs learn how to take calculated risks.