Stories
Myths About Entrepreneurship
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.
T.N. Seshan’s name stands tall in India’s history as the man who transformed the nation’s electoral system with extraordinary courage and integrity. Born in 1932 in Kerala, Seshan grew up with values of discipline, education, and service to the nation — virtues that shaped his illustrious journey. From his early brilliance at Madras Christian College to his advanced studies in public administration at Harvard University, Seshan’s path reflected rare determination and intellect. Joining the Indian Administrative Service in 1955, he built a reputation as a no‑nonsense officer committed to efficiency and honesty, serving in key roles such as Secretary of Defense and overseeing vital national programs.
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Seshan’s passing in November 2019 marked the end of an era, but his message continues to resonate across generations. Leaders from every corner of the country mourned the loss of the man who restored faith in free and fair elections. His enduring legacy reminds us that true leadership lies not in wielding power, but in serving people with honesty, courage, and conviction. T.N. Seshan’s life remains a timeless inspiration a reminder that democracy thrives only when its citizens are vigilant, responsible, and fearless.
Leaving behind a high-paying job at JPMorgan, an Indian entrepreneur embraced a 70% salary cut to pursue true purpose and passion in the startup world. Disenchanted with what he described as a “robotic” corporate routine, he sought meaningful work that made a real impact. This pivotal decision marked the beginning of his new journey, one focused on value creation rather than titles and corporate perks.
Powered by resilience and fresh perspective, the entrepreneur launched his own startup, prioritizing innovation and hands-on solutions. The road was challenging, but his vision resonated with the market: the startup quickly gained traction and raised $6 million—an impressive acknowledgement of its potential in a competitive landscape. Every hard lesson from early setbacks and bootstrapping paid off in real customer growth and investor confidence.
Today, his journey stands as an inspiring example for professionals seeking authentic success outside the corporate grind. By trading comfort for creative freedom, he grew a venture that solves important problems, generates jobs, and builds wealth beyond just salary. For ambitious founders, his story highlights the power of risk-taking, adaptability, and relentless focus on impact in India’s thriving startup ecosystem.
Larry Page is a visionary technology entrepreneur and co-founder of Google, one of the world’s most influential companies. Born in 1973 in Michigan, Page grew up surrounded by computer technology, which inspired his passion for innovation from an early age. He studied computer engineering at the University of Michigan and later pursued his PhD at Stanford University, where he developed the revolutionary PageRank algorithm with Sergey Brin. This technology fundamentally changed the way search engines rank websites, making Google the most accurate and popular search engine globally.
The journey of Larry Page and Google began in 1998 when they officially launched the search engine from a small garage. Leveraging their unique algorithm, Google quickly surpassed competitors due to its ability to deliver highly relevant search results, transforming internet search forever. Under Larry Page’s leadership as CEO, Google expanded beyond search to launch groundbreaking products including YouTube, Gmail, and Google Maps, turning it into a global tech powerhouse that shapes how we access and interact with information online.
Larry Page later became the CEO of Google’s parent company, Alphabet Inc., driving innovation and investment in next-generation technologies such as artificial intelligence, autonomous vehicles, and healthcare solutions. His visionary leadership and commitment to technological advancement have cemented his legacy as one of the most influential figures in the tech industry. Today, Larry Page remains a key influencer in shaping the future of technology and digital innovation worldwide.
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