This Is The Kind Of Thinking That Puts Entrepreneurs On The Quick Road To Failure

Rocket Failure

Photo: Flickr/Eric Charlton

A few months ago, The New York Times did a nice piece rounding up the reasons why many would-be entrepreneurs are destined for failure. The article, “Eight Fallacies of Entrepreneurship,” expands on these myths: 1. Any new business has a 50-50 shot at succeeding. 

2. It’s all about finding the new thing. 

3. Starting a new business offers more stability than holding a corporate job. 

4. I want control of my own destiny. 

5. I want to set my own hours. 

6. I’m going to start my business as soon as I raise the capital. 

7. Do what you do well and delegate the rest. 

8. I’m tired of making money for other people.  

Think of it as a checklist you’d go through before deciding whether or not to marry someone. Because as an entrepreneur, you’ll be married to your job — and if the venture fails, as with a divorce, you could end up bankrupt.  

Read the full New York Times article here > 

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