IFISE Magazine - August 2017 FED Report
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<strong>FED</strong> REPORT <strong>August</strong> <strong>2017</strong><br />
5 Myths about Business and Entrepreneurship<br />
I always open my talk on Business & Entrepreneurship with this statement<br />
“Gone are those days where Business and Entrepreneurship sounded HARD,<br />
DIFFICULT & NEXT TO IMPOSSIBLE”.<br />
And yes it is true. India is world’s fastest growing startup eco-system, this means more<br />
opportunities, more resources, more funds, more government support and more ease<br />
of doing entrepreneurship and business. Though there is so much of MORE in our<br />
environment, there are still creative and passionate minds which consider business and<br />
entrepreneurship as HARD, DIFFICULT & NEXT TO IMPOSSIBLE. This is because of<br />
5 Common myths about Business and Entrepreneurship.<br />
Let’s further understand what are these 5 Common Myths because of which these<br />
creative and passionate minds are not opting Business and Entrepreneurship as their<br />
career.<br />
1. NO MONEY! Then forget Entrepreneurship & Business.<br />
2. You need an iDea.<br />
3. MBA is MUST.<br />
4. NO Contacts? No Network?Then NO Entrepreneurship & NO Business.<br />
5. It’s Risky! Wait for RIGHT Time!<br />
1. NO MONEY! Then forget Entrepreneurship & Business.<br />
Yes! It has been told right from the time when we learned about the word Business and<br />
entrepreneurship.<br />
If NO Money, then forget about business and entrepreneurship. But I am here going<br />
to say “It’s a Myth”. One thing I learnt in my entrepreneurship journey is start small<br />
when you have no money. When you start growing then is the time when you may<br />
really need money. But that money is available around you. Gone are those days<br />
where you needed money in your pockets and bank accounts. Today with a massive<br />
increase in number of Venture Capitalists and Investors, Money is always available.<br />
It can be one of the excuses to not to take business or entrepreneurs as a career but<br />
not the only excuse. You will always find money even when your pockets and bank<br />
accounts are empty.<br />
Start Small and also start learning about Venture Capitalists and Investors to fit into<br />
their criteria to get funded.<br />
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