9 Misconceptions Of Entrepreneurs

9 Misconceptions Of Entrepreneurs
For detailed notes and links to resources mentioned in this video, visit

There are many different misconceptions in life. Many. The meaning of misconception is a thought or an opinion that is incorrect, because it is based on faulty thinking or understanding. And misconceptions tend to prevent people from doing things that could benefit them. So today, I want to clarify nine misconceptions of entrepreneurs.

#1: Entrepreneurs are Born – 0:49

#2: You Have to Cheat or Steal to Win as an Entrepreneur – 2:00

#3: They Got Lucky – 3:10

#4: Entrepreneurs are Selfish – 4:45

#5: All You Need is a Great Idea and Product – 6:36

#6: All You Need is to Raise Capital – 7:35

#7: They All Had Great Initial Connections – 8:42

#8: It Takes Massive Risk – 9:47

#9: Entrepreneurs are Their Own Boss – 10:47

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20 thoughts on “9 Misconceptions Of Entrepreneurs

  • December 5, 2016 at 5:30 am

    Hi Guys, im a young entrepreneur starting up a apparel company. Please show me some support by follow AplosApparel on Instagram

  • December 16, 2016 at 2:20 am

    I first saw your ‘The life of an entrepreneur in 90 seconds’ one month ago, now I’m watching all your videos!Love it!

  • December 23, 2016 at 6:56 am

    Awesome creation. All this is I learned over 1 year with experience. Every thing you said is as true as ” SUN RISES IN EAST”

  • December 30, 2016 at 9:48 am

    Yo Pat!u look like Mr Bean,is it yr cousin?JE SUIS PAT

  • January 1, 2017 at 11:43 pm

    When I think about it, these issues are deep. It makes sense when Patrick explained but still something inside pulling me off. This is the difference between knowing and believing!
    Thanks for the great video.
    Love from Paris

  • January 6, 2017 at 5:43 pm

    Nobody I know is going into being an entrepreneur, but every single one of them is either SAYING, “I don’t have the patience” or “I don’t have enough money”, I would talk the second people into the fact very little money is needed but they are old people set in their ways who smack you if you argue with them, or tell them they are wrong.

  • March 21, 2017 at 9:55 pm

    1. Entrepreneurship can be learned. 2. Being honest is a choice. 3. You have to take action. 4. An entrepreneur creates revenue for other people. 5. There are many great ideas out there, execution is the issue. 6. One’s reputation and track record attracts the capital. 7. Connections are a by-product of a lot of work and people seeing you are working hard. 8. Start a business part time and see how people react to your product. 9. As an entrepreneur one has to support a lot of people.

  • March 29, 2017 at 2:33 am

    Entrepreneurs aren’t born they’re made. You don’t have to cheat or steal to get to the top. You create your luck through hard work. You can’t be selfish if you are the leader of an organization. Execution is the game not your idea. Don’t let capital be the thing that keeps you from putting in the work. You make connections by working hard so people take notice of you. you can start part time. You become the customer’s boss.

  • April 10, 2017 at 5:40 am

    Still going- Finished my second notebook of notes. As always, awesome advice Pat.

  • April 10, 2017 at 7:47 am

    Comment #4

    I never thought I’d be a salesperson and I’ve done it for years now. I’ve never thought I wanted to do my own business and I feel like I’m made for it now.

    I did car sales and I never cheated anyone. I had to work harder but life isn’t fair. My parents didn’t speak English very well and people took advantage of that. I’m not going to be a POS. I’m going to make sure I work with best people with great hearts and great work ethics. I’ll have to make a solid business before I bring anyone in.

    It was worth it in the end and I moved on from the industry.

    – Tom

  • June 1, 2017 at 6:31 pm

    Thank you so much for all your wonderful and valuable videos.

  • June 5, 2017 at 6:01 am

    Patrick always lives up to his branding. All of these videos provide value and they are entertaining. Thanks for caring enough to make these videos. Thanks for caring about entrepreneurs.

  • June 21, 2017 at 6:54 am

    So true patrick. the majority of people i know beleive being an entrpreneur makes you greedy

  • September 4, 2017 at 2:06 am

    #3 I read Elon Musk’s book: https://www.amazon.com/Elon-Musk-Billionaire-SpaceX-Shaping-ebook/dp/B00SIDCSWY/ref=sr_1_1?ie=UTF8&qid=1504490310&sr=8-1&keywords=Elon+musk
    He had so many setbacks and difficulties before. Now, he is known as one of the best entrepreneurs of our time. When people say “successful entrepreneurs just got lucky”, they are partially correct. But, they assume people like Elon got “lucky” on their first try. They don’t realise how hard Elon worked before he got “lucky.”

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