• UID Admissions 2024-25 NRI/NRI Spons./ Management Category Application Window is open now! Click Here to apply- Call 9266663225 to know more.
  • UID Admissions 2024-25 General Category Application Window is open only for BFA/BFA (Hons.) and BSc./BSc.(Hons.) Filmmaking Click Here to apply- Call 9266663225 to know more.
  • KUAT (Karnavati University Admission Test) Admissions 2024-25 Application Window Open Click Here to Apply- To know more call 9667048555. KUAT Examination Date-6th April,2024 (Saturday)
  • B.Tech 2024 Admissions Open. Click Here to Apply- Call +91 7574811135
  • KU Admissions FEE Payment Click Here
  • Karnavati University invites applications for teaching positions Click here for details

KUAT 2022-23 Admissions Open Now! Click here to apply +91 9667048555

Announcement Admission
blank
blank

Common Myths about Entrepreneurs that Students Planning to Pursue Business Management Degree Courses should Know

August 1, 2022

If you are thinking of starting your own business someday, pursuing B.B.A. Entrepreneurship and Innovation is a great way to kick starts your dream.  The three-year programme will help you gain a deep understanding of evaluating opportunities and successful business models. You will also learn to create business plans and attract venture capital. However, when it comes to becoming entrepreneurs there are myths. Here we bust common myths about entrepreneurs:

Myth 1: Entrepreneurs are born.
Often it is assumed that it takes natural instinct to become an entrepreneur. Well, there is no doubt entrepreneurs need to be talented but so is true for successful managers. The truth is if you want to be a successful entrepreneur, you need to learn and develop the necessary skills. but remember, some people learn these skills more quickly than others. In simple words, becoming an entrepreneur is a learned skill.

Myth 2: Entrepreneurs are high-risk takers
To become an entrepreneur, it is necessary to take some risks, but not necessarily high risks.  Entrepreneurs usually take calculated risks and they know  when to take risks, whether to try again, or cut losses.

Myth 3: All entrepreneurs need is a good idea
Good businesses start with a good idea.  But that’s not enough to become an entrepreneur. There are many factors responsible for why some entrepreneurs succeed and some do not. Besides a good idea, an entrepreneur must research well to ensure whether the product or service he or she wants to launch has a market or not. Despite having a huge potential, if the timing of the launch is not right, the idea will eventually not work.  Ideas are important to start with, but so are market research, planning, execution and many other factors.

Myth 4: Entrepreneurs have all the time in the world
It is often wrongly assumed that entrepreneurs do not follow the 9-to-5 schedule and therefore, they have a lot of time and freedom. This cannot be farther from the truth. Entrepreneurs have time and freedom only once they create their foothold in the market and their business is in the autopilot mode. Till this happens, entrepreneurs have to put in a lot of effort and time to get their business off the ground.

Myth 5: To be a successful entrepreneurs one just has to launch the business
Just launching a business doesn’t mean that entrepreneurs will earn substantial amounts of money. Although some entrepreneurs do make profits in the beginning, sustaining growth is the biggest challenge they face.

Myth 6: Successful entrepreneurs are geniuses who do not fai
There’s a misconception that entrepreneurs have to stick everything out — no matter what. But the fact is successful entrepreneurs toy with different ideas. They often fail but they learn from the failures and use them to better their next idea. Before Bill Gates launched Microsoft, he had launched another company which was not a huge success. But the experience was instrumental in the creation of Microsoft.

Looking for a BBA with entrepreneurship and business management degree courses?

Unitedworld School of Business (UWSB) offers business management degree courses that cover management fundamentals to gaining expertise. Our B.BA. Marketing, B.B.A. Finance, B.B.A Human Resources and B.B.A. Entrepreneurship and Innovation lay a solid foundation whereas our Ph.D. management degree is designed for those of you seeking academic research and management teaching careers. For KUAT 2022-2023, click here.

Related Blogs

Benefits of Taking Graphic Design Courses
February 15, 2024

In today’s digital age, graphic design is essential for effective communication. Graphic design courses provide the skills needed to excel in this dynamic field, from mastering design principles to learning industry-standard software. At Karnavati University, our courses offer hands-on learning, industry insights, and opportunities to build a strong portfolio. Whether you aspire to design captivating […]

Read More
Interior Design Careers: What’s it Like to Work in Industrial Design?
February 12, 2024

Interior design is a tapestry of the creative front that is incorporated to transform into a living artwork using its functionality. This functional and aesthetically pleasing design course has various niches within it, and selecting among them could be a daunting task when making relevant career choices. One such field is industrial design, which stands […]

Read More
Product Design & Development: A Complete 2024 Guide
January 22, 2024

When creating a product, the two essential elements necessary are design and development. After conducting extensive research on the distinction between product design and development, we have identified the key differences between the two. In addition to identifying these disparities, we will understand the collaborative dynamics of these two factors in conceptualizing the product and […]

Read More
icon