Myth #1 Entrepreneurs are born, not made.

This myth is based on the belief that some people are genetically predisposed to be an entrepreneur. I’m not a geneticist, and I can’t deny that there are some things in our genes that make us predisposed for certain advantages and disadvantages in life. But we are also born with the ability to overcome our disadvantages. I have some friends point out to me that both my parents have owned their own businesses so this myth must be true. I have to remind them I was adopted. You don’t have to believe me though, look at this video about Patrick Hughes before you make an argument about genetics as a reason people are held back in life.

Myth #2 – Entrepreneurs are gamblers

Entrepreneurs are moderate risk takers, but so are most people. When you are gambling you have little to no control over the outcome. A business is not a slot machine. It is a thought out plan that is put to the test and can be tweaked and altered to fit into the current market. The entrepreneurs that are taking a gamble are those that don’t do their homework first and just decide to wing it.

Myth #3 – Entrepreneurs are only motivated by money.

Of course money is a motive, but if that was the only motive they wouldn’t get too far. They also must possess a passion for business, and a belief that the business will positively influence people’s lives. Without a bigger goal than money an entrepreneur will fail. There must be a focus on being a productive person and providing value to society. Without this focus people will not care and totally ignore the entrepreneur that only focuses on making money.

Myth #4 – Entrepreneurs need to be young.

Younger people are showing a growing interest in being entrepreneurs, but the entrepreneurs that show the greatest success the fastest are older. This is because they possess more business experience, skill and time has given them the opportunity to build up a bigger network of contacts. Enthusiasm is more important in age in the entrepreneur game.

Myth #5 – Need money to make money.

To start a large business or a franchise, YES, you need money. To become an investor you need to also have money. But if this were true for all entrepreneurs there wouldn’t be any businesses. People aren’t born with a stack of Benjamins in each hand. And there are just as many people that are born into rich families become failures and waste their family fortune as there are people who are born into rich families that become successful business owners. Go back to Myth #1 and think about overcoming disadvantages.
These myths don’t apply just to MLM, this is for ANY entrepreneur going into any business. It’s not about money, or a feeling of what we believe we are entitled to, it’s not about luck, it’s not about getting a break, it’s about having an unrelenting tenacity to be a success.

Failure rate for entrepreneurs is naturally high because most are trying something that is new to them. They are learning along the way. There is an element of experimentation to find what works for each individual. The ingredient that all successful entrepreneurs have is the determination to succeed.

If you have unrelenting tenacity and seek to be part of something bigger than yourself CLICK HERE.