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On Some Of The Misconceptions About Entrepreneurship, Murray Hunter

Murray Hunter

Entrepreneurship has been played up by the media as a visionary and heroic activity. Individual entrepreneurs have been glorified through media coverage, biographies, and publicity contributing to many government and public misconceptions entrepreneurship. This paper examines some of the myths about entrepreneurship, looking at relevant research and statistics, and paints a very different picture to general public perceptions. The paper then goes on to postulate that entrepreneurship is only part of the firm lifecycle, very little innovation is generated by start-up ventures, there is no common entrepreneurial type of person, people start new businesses for non-rational reasons, very few entrepreneurs …