Oct 20, 2010

Five commons myths about entrepreneurshipBy Mark HealyTheGlobeandMail.com

There’s a great story you may have heard about a PhD student from a few years back at University of Toronto.

It goes something like this: Every day at lunch, starting in the late spring, the student would walk out onto the football field. He’d bring a large bag of birdseed and a whistle. He’d spread birdseed all over the field. After 20 or 30 minutes, he’d blow the whistle. At first, a few birds would respond to the noise and drop in for some seeds. But gradually, over the course of the summer, more and more birds would descend on the field, expecting to be fed. Then the first football game of the autumn rolled around, the players lined up, the referee blew the whistle, and …

It’s Small Business Week. Every year at this time, I’m asked the good and the bad, the truths and the myths of entrepreneurship. After years of running a business and working with private company owners, I think the myths are the most interesting of the lot.

Here are five very common misconceptions about entrepreneurship.

Read complete article.