Four Myths About Starting a Business

Posted on by Doni Chamberlain

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.

Doni Chamberlain

Independent online journalist Doni Chamberlain founded A News Cafe in 2007 with her son, Joe Domke. Chamberlain holds a Bachelor's Degree in journalism from CSU, Chico. She's an award-winning newspaper opinion columnist, feature and food writer recognized by the Associated Press, the California Newspaper Publishers Association and E.W. Scripps. She's been featured and quoted in The Wall Street Journal, The Guardian, The Washington Post, L.A. Times, Slate, Bloomberg News and on CNN, KQED and KPFA. She lives in Redding, California. © All rights reserved.

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