Many of the difficulties that entrepreneurs encounter when building a business are based on common misunderstandings regarding entrepreneurship.
In this post, Ethan Duran, a successful young entrepreneur, debunks five popular misconceptions.
Entrepreneurship comes naturally to certain people.
Many people believe that becoming an entrepreneur is a talent that is bestowed upon a select few. Many people who are interested in entrepreneurship have been deterred from taking the plunge because of this theory.
Ethan Duran has defied this stereotype by rising from humble beginnings to become an industry pioneer at such a young age.
Having more personal time.
This is a common misunderstanding about starting a company. People believe that entrepreneurship helps them to have more personal time. However, this is not the case since the amount of time needed of an entrepreneur is determined by the demands of the clients.
In his first year of business, the wealthy entrepreneur debunked this myth in many ways, including making sacrifices that caused him to miss festive holidays with family while working 18-hour days and seven days a week.
Entrepreneurship: A Fast Track to Wealth.
“Corsa Media is not about making a fast buck; we want all of our clients to be extremely successful,” Ethan said in response to a query about the business.
This demonstrates that entrepreneurship necessitates a lot from the entrepreneur, and that if the entrepreneur just wants to get rich soon, he or she will fail.
Entrepreneurship: Becoming your boss.
“Customer is King” in the business world. People mistakenly believe that becoming an entrepreneur entitles you to be your own boss. This isn’t correct. Ethan Duran debunks this myth by responding to his clients’ needs first, if they need his assistance.
Success follows a great idea.
It’s not enough to have a brilliant idea. To be effective, an entrepreneur must put in the requisite effort; Ethan Duran dispels this myth with his consistent hard work in scaling his businesses.