Business Bites Resources: 5 Entrepreneurship Myths Debunked

Many aspiring entrepreneurs may believe that there is a list of strengths, characteristics or traits out there that will make them successful in their endeavors. But the truth is, entrepreneurs by definition are mold-breakers. There are a lot of myths out there about entrepreneurship which can make taking the step to start your business very intimidating.

On the first day of our Culinary Entrepreneurship program, students begin by discussing the idea of entrepreneurship and many of the myths surrounding it are debunked. It’s the first step in becoming an entrepreneur—letting go of everything you believe about entrepreneurship. This opens the door for students to discuss their initial ideas, which in our most recent class have included concepts for new and existing restaurants, cafés, bakeries, food products, cocktail bars and more. Over the next six weeks, their ideas will evolve and change as they learn how to turn their concepts into reality. They’ll also gain the tools and confidence to leave these 5 myths of entrepreneurship behind!

MYTH #1: ENTREPRENEURS ARE BORN, NOT MADE

Virtually all entrepreneurial skills can be learned.

MYTH #2: ENTREPRENEURS MUST HAVE INNOVATIVE IDEAS

Most successful businesses are evolutions of existing ideas.

MYTH #3: ENTREPRENEURS HAVE TO BE ABLE TO DO EVERYTHING THEMSELVES

A good entrepreneur plays to his or her strengths but also solicits the right help.

MYTH #4: ENTREPRENEURSHIP IS REALLY RISKY

Deep and nimble planning help to reduce risk.

MYTH #5: ENTREPRENEURS HAVE TO BE LUCKY

You work to make your own luck through constant learning, constant effort and constant networking.

Ready to get started on the business plan for your restaurant, food truck, food product or other dream culinary concept? Maybe you’re looking to scale a family business or grow an existing concept? Register for ICC’s Culinary Entrepreneurship course, and you’ll have a solid business plan & pitch ready in just 6 weeks! Click here to learn more.
ABOUT BUSINESS BITES

The BUSINESS BITES, brought to you by the Culinary Entrepreneurship program at ICC, is a series of workshops, discussion panels, networking events and resources designed to support entrepreneurs in the food industry.