There are many myths that people believe when you say you are starting a web or offline business. Here are some of the main myths:
* Your family & friends will always understand the time commitment, even when no money is coming in.
Some will and some won’t. Often you can be working online at very random hours. I have worked well past 5am on many occasions, but do not expect your loved ones to understand this.
* Your friends’ constructive criticism is never out of jealousy
It is human nature to try and put people down who are doing better than you. Don’t fall for this trick.
* Your college degree is all you need to secure the knowledge entrepreneurship requires
Complete nonsense. The % of entrepreneurs who quit school at an early age is huge. Experience will always be more effective and valuable than knowledge from books.
* Anyone that has tried and failed automatically must be trusted because “they’ve done it”.
Just because they failed doesn’t mean it cannot be done. The invention of the light bulb was a failure 2000 times before it was successful.
* If the majority of your peers call the idea silly, it probably is.
Most BIG ideas are often dismissed initially. At one time even the Internet was just a silly fad for geeks.
* You have to spend money to make money
Many major sites start from nothing. I am friends with blog and forum owners who have million dollar websites and have never spent a dime.