Entrepreneurship can begin at any age and has produced many innovations that we rely on today. Some well-known entrepreneurs like Sam Walton, Bill Gates, and Walt Disney built business empires from their ideas. While it is commonly believed that starting a business requires a lot of money, the reality is that most entrepreneurs finance startups through personal funds, debt, or business angels. In fact, many myths exist around entrepreneurship, and the truth is that success depends more on an entrepreneur's talent and choosing a business that addresses real market needs than on other factors like industry or funding.
2. Bases of Entrepreneurship All you need is one great idea? Most people start entrepreneurship because they saw a need in the market that has not been meet.
5. 1899 Everything that could be invented already has. what we would be missing if that were true! Radio,TV,Common household appliances, Computers, Internet, Cell phones and much much more!
6. Sam Walton – Wal-Mart Bill gates Walt Disney- an empire Richard Branson Michael Jackson Examples
8. Top 10 myths about entrepreneurship It takes a lot of money to finance a new business. Venture capitalists are a good place to go for start-up money. Most business angels are rich. Start-ups can’t be financed with debt. Banks don’t lend money to start-ups. Most entrepreneurs start businesses in attractive industries. The growth of a start-up depends more on an entrepreneur’s talent than on the business he chooses. Most entrepreneurs are successful financially. Many start-ups achieve the sales growth projections that equity investors are looking for. Starting a business is easy.
9. Fun facts The average age of entrepreneurs starting their business is 40 The biggest obstacle for starting entrepreneurs is initiating contact with investors 95.1 percent of respondents themselves had earned bachelor’s degrees, and 47 percent had more advanced degrees. Entrepreneurs are usually better educated than their parents. Entrepreneurship doesn’t always run in the family. More than half (51.9 percent) of respondents were the first in their families to launch a business