10 myths about starting your own business

For some people, starting their own business can feel like a realization of a lifelong dream. But starting one’s own business is a path fraught with some harsh realities.

Here are the top 10 myths about starting a small business as compiled by Entreprenuer.com.

1. The government gives money to startups

2. The Small Business Administrations gives lots of money to small businesses.

3. Startups can get loans from venture capitalists

4. I’ll have plenty of time to do what I really want.

5. I can write off everything as an expense

6. I can set my salary to be whatever I want.

7. If I build a Web site, they will come and buy.

8. Since I’m an expert, it won’t take me long to start making money

9. Marketing plans are only for those with weak products or services.

10. Business plans are only for those getting funding

Brought to you by

Ron Finklestein
Your Small Business Success Expert
info@yourbusinesscoach.net