Entrepreneurship · Entrepreneur

What are the worst myths that entrepreneurs believe?

Fatima Asad Freelance Writer at Freelance

October 5th, 2016

Entrepreneurs that are starting out don‘t know better as they still have a ton of mistakes to make along the process of building their company. From what you have seen and heard what are the worst myths that first time entrepreneurs should keep an eye out for?

Robert Stratton General Partner at MACH37

October 5th, 2016

"If I say anything about what I'm doing, someone will steal my idea."

I'm not saying that people's IP isn't occasionally ripped off, but in the spaces where I've played the most, I have seen far more entrepreneurs hurt themselves by being unwilling to talk to people than I ever have by people stealing their IP. 

At the earliest stages, if one isn't speaking obsessively with people in a position to give real feedback from the perspective of a customer or user, then they're operating with a dearth of material information that they need in order to build something that people will actually want to buy. 

Rob G

October 5th, 2016

that you can't make a sale until you complete your MVP. 

Nofyah Shem Tov

October 5th, 2016

Many believe that money is a cure-all for every business problem. not so.

Josh McCormack Owner, InteractiveQA - Marketing, Web Dev, Testing, Data & Market Analysis

October 5th, 2016

Worst myths: 
  • Don't worry about revenue. 
  • Build it and they will come. 
  • What you're making needs to be feature rich and perfect before you release it. 

Irwin Stein Very experienced (40 years) corporate,securities and real estate attorney.

October 5th, 2016

"Its a new world with new rules." Actually the basic rules of any business still apply. You need to create a product, sell the product and make a profit.

Steve Owens

October 5th, 2016

I can sell my idea.