1. Preparing for the Entrepreneurial Journey
Chapter 2
Preparing for the Entrepreneurial Journey

2. Learning Objectives Dispel myths about entrepreneurs
Understand the pathways to entrepreneurship.
Prepare to become an entrepreneur.

3. Seven Myths Entrepreneurs start businesses solely to make money
It takes a lot of money to start a business
It takes a great idea

4. Seven Myths (continued)
4. The bigger the risk, the bigger the reward
5. A business plan is required for success
6. Entrepreneurship is for the young and reckless
7. Entrepreneurship cannot be taught

5. Pathways to Entrepreneurship
The home-based entrepreneur
The internet entrepreneur
The serial or portfolio entrepreneur
The traditional entrepreneur
The nonprofit entrepreneur
The corporate venturer

6. Table 2.1: Challenges and Opportunities with the Entrepreneur Career Path

7. Preparing to be an Entrepreneur
Find a mentor
Build a network
Learn about entrepreneurs
Identify reasons for wanting to own a business
Analyze personality and business preferences

8. Preparing to be an Entrepreneur (continued)
Improve or acquire critical skills
Study an industry

9. New Venture Checklist
Do you have what it takes to make it as an entrepreneur?
Why do you want to start a business?
What type of business would be good for you?