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.
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