Myth 3: Entrepreneurs are ALWAYS

INVENTORS.
This idea is a result of misunderstanding
and tunnel vision. Entrepreneurs are not
necessarily inventors but are innovators,
too.
For example is Ray Kroc’s idea. Kroc is
an American fast-food tycoon who
discovered a California hamburger
restaurant owned by Dick and Mac
McDonald and went into business with
them in 1954. Franchising of
McDonald’s was his idea and launched
such in 1955.

Myth 4: Entrepreneurs are Academic

and Social Misfits
The belief that entrepreneurs are
academically and socially ineffective is a
result of some business owners having
started successful enterprises after
dropping out of school or quitting a job.
(An example of these people is Bill Gates
of Apple) Of course entrepreneurs need a
good educational foundation that also
allows them to express their creative
genus. As a matter of fact, today’s
entrepreneur is considered a hero-
socially, economically, and
academically.

Myth 5: Entrepreneurs Must Fit the Profile

Checklists of characteristics of
successful entrepreneur are presented in
many books and articles – lists that have
never been validated nor completed*.
With successful entrepreneurs known in
the market today, there is not one profile
but different types.