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Achiever

An entrepreneur is a high achiever. He gets challenged by opportunity and is willing to work hard to achieve
great heights. An entrepreneur chooses tasks to make him stretch a little to achieve the goal. He prefers to work
at a problem rather than leave the outcome to chance. He is continuously thinking about how to do things better.

Exports

Any growing business will eventually want to export its products to expand the business to foreign markets.
This is an important ingredient of economic development since it provides access to bigger markets, and leads
to currency inflows and access to the latest cutting-edge technologies from foreign markets.

Community Development

Community development requires infrastructure for education and training, healthcare, and other public
services. For example, you need highly educated and skilled workers in a community to attract new businesses.
Educational institutions, technical training schools, and internship opportunities will help build the pool of
educated and skilled workers. A good example of this kind of community development is Azim Hashim Premji,
Chairman of Wipro Limited, who donated ` 27,514 crores for promoting education through the Azim Premji
Foundation. This foundation works with more than 350,000 schools in eight states across India.
Myths about Entrepreneurship

When we hear stories about entrepreneurs, we feel how great their life is. But it is not always sunshine and
rainbows. In fact, there are myths about entrepreneurship that make it seem more glamorous than it really is.

Money Comes if You Wish to Realise Your Dreams

One of the biggest myths about entrepreneurship is that the money comes when you do what you like. The
fact that you like your business and what you do is a big deal, but if you do not pay attention to your business
professionally, eventually it will fall apart.
Make sure that what you like doing is something others are willing to pay for because if no one wants what you
like, you cannot sustain your business.

Be on Your Own
Often, we see entrepreneurs as these figures that stand out on their own, doing amazing things and running the
show, almost like a force of nature. The truth, though, is that entrepreneurs have people around them who help
them. They might even have mentors who help them move forward. You need good network and support if you
expect to succeed as an entrepreneur.

A Good Idea is All You Need for Success
Another myth about entrepreneurship is that a good idea is all you need. With the right idea, you will be
successful. But concerted effort is needed if you want your startup to last. You need to be able to market your
idea and have a strategy for growth. Without a business plan, and a way to get the word out, your good idea is
not likely to take off.
Expertise to be a Good Entrepreneur

Many people think that you need to be an expert in some area before you can be a successful entrepreneur. But
if you have passion and a plan, you can learn things on the go. You don’t need to be an expert and with the right
approach, you can still do well, even without expertise.

Easy to Start Business

Starting a successful business is not an easy task. It is a tough and challenging process. The rate of failure of new
startups is quite high. Sometimes, it takes even years, before a startup turns profitable.

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