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Lessons that most entrepreneurs learn the hard way

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  Lessons that most entrepreneurs learn the hard way Being an entrepreneur is living through risk and failures. A great idea is never enough to make businesses soar, it takes a strong team, tons of patience, lots of failures millions of tough decision-making days. It is a long and exhausting cycle that is loaded up with moments of success and failures, and sentiments of self-uncertainty. People who get successful in entrepreneurship grasp these lessons and use them as fuel to move further along the way. Let’s look at some important lessons that most entrepreneurs learn the hard way. Keep learning No matter what industry your business functions in, you will always have chances to learn.  Most successful entrepreneurs set out time for learning and reading. They are constantly motivated to learn and will never miss an opportunity to expand their knowledge. ‘’My biggest motivation? Just to keep challenging myself. I see life almost like one long University education that I never ha

Bursting some myths around entrepreneurship

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India's business horizon gloats of a few startups, some around 200, in last one year. With the change in technology and the growing market, one thing that continues striving in entrepreneurs is their risk-taking ability. But in spite of this, 90% of startups fall flat, and there are factors other than just ideas being obsolete.  There are a lot of myths buzzing around entrepreneurship and the Indian startup ecosystem . These myths misguide aspiring entrepreneurs and they end up doing the wrong things. So let’s see and burst a few common myths about the startup ecosystem. `Venture capitalists are the best for funding On an approximate, VC funds only about 3,000 startups in a year and just one-quarter of those fundings are for startups or seed companies. This myth misguides a lot of entrepreneurs to planning their business model on seed fundings. There are other ways of fundings, like bootstrapping or crowdfunding that can help you get the same amount of funds, as the VC. A startup r