ACTIVITY 4

1. Enumerate at least 15 Myths, Fears and Excuses of People who are not ENTREPRENEURS.

NO MYTHS BRIEFLY EXPLAIN

.
1. Born not made -entrepreneurial ability is largely determined by a person’s inborn
characteristics.
2. Younger and Energetic -entrepreneur must be young and diligent.
3. Charismatic Personality -only those people who have charismatic or appealing character can
become entrepreneur.
4. Love the Spotlight -they are impulsive and they always want the spotlight.
5. Money -a few accept that entrepreneurs are essentially persuaded by cash.

NO. FEARS BRIEFLY EXPLAIN

1. Fear of Failure -failure often seems like the worst of all possibilities. They are afraid of
to fail because of the embarrassment and the anguish of losing
everything.
2. Fear to Change -fear of change make us restless with regards to the future, and this
will surely prompt a shut mentality in which we neglect to make
changes.
3. Fear that you don’t know -sometimes you don’t know what you don’t know. We all have the
enough gaps in our knowledge or the blind spots.
4. Fear of committing to -afraid that the business he/she build will failed, all the money used
business expenses will go to waste.
5. Fear of taking risks -every time we take risk on something, we’re putting ourselves, our
business and our reputation on the line.

NO. EXCUSES BRIEFLY EXPLAIN

1. “I’m afraid I’ll fail” -the fear of failure holds many potential entrepreneurs back, but
that risk will always be present and even failure doesn’t mean the
end.
2. “I don’t have what it -confidence is the first step to achieving anything. There’s no one
takes” type of person that can be successful as an entrepreneur, anyone
can, with enough dedication.
3. “I’m not a good Leader” -leadership is a role you grow into over time.
4. “I don’t like working with -you’ll pick the people you work with, so you can build the ideal
others” team.
5. I’m afraid of life on “hard -entrepreneurship isn’t easy, but easy isn’t always good, either.
mode” Usually the right path forward is the more difficult one.