HI everyone

I am excited again to share some entrepreneurship secrets with you. Okay, “secret” is probably not the right word. However, my awesome entrepreneurship instructor has done it again; she has literally renovated my mental furniture and corrected some of the misconceptions I had about entrepreneurs.

Before getting you really excited about my entrepreneurship class, it will only be fair to better define the concept, entrepreneurship. To do this, I use the words of Robert C. Ronstadt, one time associate professor of Management, when he says, “entrepreneurship is a dynamic process of vision, change and creation, which requires an application of energy and passion toward the creation and implementation of new ideas and creative solutions” (Kuratko 5). Okay I may be boring you with the basics now, but trust me, it will only make the main topic more interesting.

 Also important to note is that the fancy word “entrepreneurship” was coined from the French word entreprenire which means “to undertake”. Though intelligent scholars have brilliantly defined this concept, I understand entrepreneurship as the ability to undertake calculative risk, having the basic skills such as managerial competence which is the quality of being adequately or well qualified physically and intellectually, good financial understanding, wise investments ... with the aim of achieving profit, growing your business etc.

With this definition, I am sure we can move on to the topic for today which is the myths of entrepreneurship. ADAM SMITH IN HIS QUOTES SAID, “THE REAL PRICE OF EVERY THING, WHAT EVERY THING REALLY COSTS TO THE MAN WHO WANTS TO ACQUIRE IT, IS THE TOIL AND TROUBLE OF ACQUIRING IT”.