Question

List any two common misconceptions about entrepreneurship.

Hint:

Entrepreneurship requires learned skills and calculated risks, not just innate talent or reckless decisions.

Answer 1

1. Entrepreneurs are born, not made: Many people believe that entrepreneurship is an innate skill. However, entrepreneurship involves learned skills such as problem-solving, resilience, and adaptability.
2. Entrepreneurship is only for risk-takers: While entrepreneurship does involve taking risks, it also requires careful planning, research, and strategy. Entrepreneurs often take calculated risks rather than blind risks.