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Chapter 2. Preparing for the Entrepreneurial Journey. Learning Objectives. Dispel myths about entrepreneurs Understand the pathways to entrepreneurship . Prepare to become an entrepreneur. Seven Myths. Entrepreneurs start businesses solely to make money

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chapter 2

Chapter 2

Preparing for the Entrepreneurial Journey

learning objectives
Learning Objectives
  • Dispel myths about entrepreneurs
  • Understand the pathways to entrepreneurship.
  • Prepare to become an entrepreneur.
seven myths
Seven Myths
  • Entrepreneurs start businesses solely to make money
  • It takes a lot of money to start a business
  • It takes a great idea
seven myths continued
Seven Myths (continued)

4. The bigger the risk, the bigger the reward

5. A business plan is required for success

6. Entrepreneurship is for the young and reckless

7. Entrepreneurship cannot be taught

pathways to entrepreneurship
Pathways to Entrepreneurship
  • The home-based entrepreneur
  • The internet entrepreneur
  • The serial or portfolio entrepreneur
  • The traditional entrepreneur
  • The nonprofit entrepreneur
  • The corporate venturer
preparing to be an entrepreneur
Preparing to be an Entrepreneur
  • Find a mentor
  • Build a network
  • Learn aboutentrepreneurs
  • Identify reasons for wanting to own a business
  • Analyze personality and business preferences
preparing to be an entrepreneur continued
Preparing to be an Entrepreneur (continued)
  • Improve or acquire critical skills
  • Study an industry
new venture checklist
New Venture Checklist
  • Do you have what it takes to make it as an entrepreneur?
  • Why do you want to start a business?
  • What type of business would be good for you?
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