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Four Myths About Starting a Business

  

By MARSHALL LOEB

From

If you’ve been thinking of starting your own business you may have some doubts that you can make it work. This may be for good reason too. According to a study by the U.S. Small Business Association, only two-thirds of all small business start-ups survive the first two years and less than half make it to four years.

But before you let doubts quash your dream, take some time to examine them. They might turn out to be not true. From Scott Shane on Kiplinger.com, here are four common myths of entrepreneurship:

  • 1. It takes a lot of money to finance a new business.
  • 2. Venture capitalists are a good place to go for start-up money.
  • 3. Banks don’t lend money to start-ups.
  • 4. The growth of a start-up depends more on an entrepreneur’s talent than on the business he or she chooses.

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