there are some myths concerning entrepreneurship which are not true; and one which says entrepreneurs are born and not made which is false however, the recognition of entrepreneurship as a discipline is helping to dispel this myth.
secondly, there is a myth that entrepreneurs are always inventors which is false although many inventors are entrepreneurs ,numerous entrepreneurs encompass all sorts of innovative activity for example roy kroc did not invent the fast-food franchise , but his innovative ideas made McDonald's the largest fast-food enerprise in the world.
yet another myth is says that all entrepreneurs need is money which is not true despite the fact that a venture needs capital to survive ; it is also that a large number of business failures occur because of a lack of adequate financing . however , money is not the only bulwark against failure , poor investment and poor planning also causes failure . money alone is not what entrepreneurs need.
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