Myths about what you need to run business

Have you ever wondered what it's like to own a business? First, it's not only about making money, it may be also about making something that's good for the world. Basically, you're providing a solution to a problem, and your employees have the chance to earn money by working for you. That's beneficial both for you and others. However, if you want to succeed, you should be aware of typical myths about starting a business.

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1) You don’t need a business degree

Do you think that only people who have graduated from business school are best-equipped to start a business? It makes certain sense, but it's a myth. Business schools rarely teach you how to handle failure, how to adapt to the market or make important split-second decisions. Furthermore, school doesn’t teach you how to be yourself. In order to run a successful business, you don’t need to have a business degree, although, of course, it doesn’t hurt.

2) You need a lot of money

You don’t necessarily need millions to get started. Hundreds of different businesses can be started without money. Go on, sell your service, collect the money, and then you can invest the money into the tools you need to complete the job, advises an article on the addicted2success.com website.

Of course, some business models require hefty cash in the very beginning. You may try to use crowd funding or find an angel investor. Be creative and raise the capital you need, if that's what your business model requires.

3) What about experience?

Entrepreneurs should be innovators. They need to experiment with new ideas – which also means that they usually need to go through many failures. Experience will come as you run your business, because you never learn everything beforehand. Dive in and don’t give up.

-jk-

Article source Addicted2Success - web focused on personal development and reaching success in business and life
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