Connect with us

Stories

Myths About Entrepreneurship

Published

on

Myths About Entrepreneurship,Startup Stories,List of Successful Entrepreneurs,Most Common Entrepreneurship Myths,5 Myths of Entrepreneurship,Characteristics of Entrepreneurship,Motivation to Entrepreneurs,Entrepreneurship Ideas

With a long list of successful entrepreneurs from whom you can get inspiration, many people dream of starting their own business someday.  However, there are some myths and stereotypes which discourage people from taking the path of entrepreneurship. Let us look at some of these myths and analyse if there is any truth to them.

Myths about entrepreneurship

 

1) Entrepreneurs are born with the trait

The most common myth in the world of business is, in order to become a successful entrepreneur, one has to be born into a successful business family and carry the art of entrepreneurship in their genes.  This completely disregards the idea that one can learn the art of entrepreneurship and it takes a lot of hard work and determination to make your business successful. The only thing which should be in one’s genes to become a successful entrepreneur is motivation, passion and persistence.

 

2) Must invent something new

Another common myth everyone believes is one should have a new and unique invention or idea to start a successful business.  While one can always work on new inventions, it’s not a requirement to start a new business. Entrepreneurship is all about solving problems and providing an answer to a problem, which nobody knew was possible.

 

3) A good product means a successful business

It is not wise to solely rely on creating a good product to make your business successful.  A successful business also depends on how capable and good the entrepreneur is. Whether it is marketing the product, building business connections, managing people or budgeting, the success of a company depends on the entrepreneur’s hard work and motivation.

 

4) A lot of money is required to start a business

While it is impractical to think one can start a business with no money, it’s also not true that you need a huge amount of money to start your own business.  In fact, there are many companies which started their business with $ 1,000 or less and went on to become successful.

 

5) Age is a limit

There is a famous misconception—you have to be young and restless to become a successful entrepreneur.  However, there is a long list of successful people to prove this myth wrong. The founder of Kentucky Fried Chicken (KFC,) Harland David Sanders, started his now massively famous company at the age of 62, while Robert Noyce co founded Intel at the age of 41.  According to a Global Entrepreneurship Monitor report, more number of older adults are self employed, compared to younger people.  This definitely busts the myth of age being a limit to becoming an entrepreneur.

 

There are a lot of myths which surround the idea of entrepreneurship and scare away many ambitious and talented people from starting their own companies.  So, it is always important to debunk the myths and stereotypes in order to get a clear idea about how the world of business works.

 

If we missed mentioning any other myths about entrepreneurship, comment and let us know.

Continue Reading
Advertisement
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Entrepreneur Stories

Meta’s Upcoming AR Glasses: A Sneak Peek

Published

on

Meta’s Upcoming AR Glasses: A Sneak Peek,Startup News,Startup Stories 2025,Startup Stories India,Tech News,Meta,AR Glasses,Ray-Ban Smart Glasses,OLED displays,Qualcomm Snapdragon,AR and AI,Meta unveils new AR glasses with heart rate monitoring,Meta’s Upcoming AR Glasses,Meta News,Meta Latest News,Meta Updates,Meta Latest Updates,Orion AR glasses,Meta AR glasses,Meta's upcoming ar glasses,Meta Upcoming AR Glasses,Meta AR Glasses News,Meta AR Glasses Latest News,Meta AR Glasses Update,Meta AR Glasses Latest Update,Ray-Ban,Marketing,Apple,Google,Meta's AR glasses with Mark Zuckerberg,Mark Zuckerberg,Mark Zuckerberg Latest News,Mark Zuckerberg News,Technoly,Electronics,

Meta is developing its first true AR glasses, set to launch in 2027. Before the public release, employees will test the device starting in 2024. The company is also releasing new generations of Ray-Ban smart glasses in 2023 and 2025 with enhanced features like a “viewfinder” display.

Specifications and Features

The AR glasses are expected to feature OLED displays and Qualcomm Snapdragon chipsets, offering sophisticated AR and AI capabilities. They will enable users to interact with virtual objects and project high-quality holograms of avatars onto the real world.

Design and Competition

Meta aims for a sleek design, potentially building on its Ray-Ban partnerships. The AR glasses market is competitive, with Apple and Google also investing heavily. Meta seeks to make its AR glasses a game-changer by offering a unique user experience.

Future Plans

In addition to AR glasses, Meta is expanding its VR offerings with new headsets like the Quest 3 and exploring other wearable technologies. The company is focused on reducing costs to make the AR glasses more consumer-friendly by launch.

Continue Reading

Entrepreneur Stories

From Digital Wallet to Stock Market: MobiKwik Expands Its Horizons with New Brokerage Venture

Published

on

From Digital Wallet to Stock Market: MobiKwik Expands Its Horizons with New Brokerage Venture

MobiKwik is venturing into the stock broking sector with the launch of its subsidiary, MobiKwik Securities Broking Private Limited (MSBPL), following approval from the Ministry of Corporate Affairs on March 3, 2025. This move aims to diversify MobiKwik’s offerings beyond its core digital payments services and compete with established players like Zerodha and Groww.

MSBPL will provide a range of brokerage services, including trading in shares, securities, commodities, and derivatives. The subsidiary has an initial capital of Rs 1 lakh, with plans for an additional Rs 2 crore investment to support its operations.

As MobiKwik enters this competitive market, it brings a substantial user base of 172 million and a merchant network of 5 million. Despite recent financial challenges, including a reported loss of Rs 55.2 crore in Q3 FY25, the company aims to leverage its existing infrastructure and user engagement to capture a share of the growing investment technology market, projected to reach $74 billion by 2030.

This strategic expansion aligns with MobiKwik’s broader goals of enhancing its financial service

Continue Reading

Entrepreneur Stories

Strategic Shift: Nazara Sells Entire Stake in Sports Unity Amid Financial Challenges

Published

on

Strategic Shift: Nazara Sells Entire Stake in Sports Unity Amid Financial Challenges

Nazara Technologies has sold its entire 71.54% stake in Sports Unity Private Limited, the company behind the multiplayer quiz game ‘Qunami’, for INR 7.15 lakh. This divestment, effective March 25, 2025, signifies a strategic shift for Nazara, which had previously acquired a controlling interest in Sports Unity in 2019 for INR 7.5 crore.

The decision to offload the stake comes as Sports Unity has faced financial difficulties, reporting no active business operations and a negative net worth of INR 0.45 crore at the end of FY24. This move aligns with Nazara’s broader strategy to streamline its operations and concentrate on more profitable ventures within the gaming sector.

This sale follows Nazara’s recent divestment of a 94.85% stake in another subsidiary, Open Play, to Moonshine Technologies for INR 104.33 crore. Despite reporting record quarterly revenue of INR 544.7 crore in Q3 FY25, Nazara experienced a 53.5% decline in net profit year-over-year.

Nazara continues to focus on enhancing its portfolio through strategic acquisitions and investments in high-potential gaming platforms while navigating the competitive landscape of the gaming industry.

Continue Reading
Advertisement

Recent Posts

Advertisement