Self-Employment: Some Myths
Myth #1
Follow Your Passion and the Money will follow. Wrong. One: Fill a niche. Two: Solve a problem.
Myth # 2
The first step to small business success, is to write a business plan. Not so. That's the last step.
Myth # 3
Most businesses fail because they are under capitalized. In reality, many businesses fail because they have too much money in the beginning.
There are other myths that continue to dominate the popular culture of self-employment and that is why there is an 80% failure rate among small business ventures. Would be entrepreneurs have not developed the proper skills or mindset to succeed. You wouldn't attempt to fly a 747 jet this afternoon but you may start a business because you have a moment of inspiration.
The book, Is Self-Employment for You? is one of the resources that will help you determine whether self-employment would be good step for you. This book outlines your core competencies and asks the critical questions about whether self-employment would be a good move or not. Before you even think about going into business for yourself, peruse "Is Self-Employment for You" and the take the Self-Employment Test on this site.
Click here to find out about the numerous books/resources available to help you start and sustain your business.