Business Bites Resources: 5 Entrepreneurship Myths Debunked
Many aspiring entrepreneurs may believe that there is a list of strengths, characteristics or traits out there that will make them successful in their endeavors. But the truth is, entrepreneurs by definition are mold-breakers. There are a lot of myths out there about entrepreneurship which can make taking the step to start your business very intimidating.
On the first day of our Food Business Fundamentals program, students begin by discussing the idea of entrepreneurship and many of the myths surrounding it are debunked. It’s the first step in becoming an entrepreneur—letting go of everything you believe about entrepreneurship. This opens the door for students to discuss their initial ideas, which in our most recent class have included concepts for new and existing restaurants, cafés, bakeries, food products, cocktail bars and more. Over the next six weeks, their ideas will evolve and change as they learn how to turn their concepts into reality. They’ll also gain the tools and confidence to leave these 5 myths of entrepreneurship behind!
MYTH #1: ENTREPRENEURS ARE BORN, NOT MADE
Virtually all entrepreneurial skills can be learned.
MYTH #2: ENTREPRENEURS MUST HAVE INNOVATIVE IDEAS
Most successful businesses are evolutions of existing ideas.
MYTH #3: ENTREPRENEURS HAVE TO BE ABLE TO DO EVERYTHING THEMSELVES
A good entrepreneur plays to his or her strengths but also solicits the right help.
MYTH #4: ENTREPRENEURSHIP IS REALLY RISKY
Deep and nimble planning help to reduce risk.
MYTH #5: ENTREPRENEURS HAVE TO BE LUCKY
You work to make your own luck through constant learning, constant effort and constant networking.
This blog post was originally published by the International Culinary Center (ICC), founded as The French Culinary Institute (FCI). In 2020, ICE and ICC came together on one strong and dynamic national platform at ICE's campuses in New York City and Los Angeles. Explore your culinary education where the legacy lives on.