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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 Entrepreneur Career Path

  • 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) Entrepreneur Career Path

  • Improve or acquire critical skills

  • Study an industry


New venture checklist
New Venture Checklist Entrepreneur Career Path

  • 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?