Over the course of the last year, I’ve interviewed a lot of people about entrepreneurship. The common thread running through all the interviews is that entrepreneurship is different than it was even five years ago. Barriers to entry are lower than ever, and if you measure success in terms of personal growth and flexible work, then the success rates for entrepreneurs is sky high.
Entrepreneurship has changed to become more appealing to a wider range of people. Here’s a list of the old and new ways of thinking when it comes to starting your own business:
Old: Entrepreneurs are born with a specific set of character traits.
New: Entrepreneurship is learned. There is no, single way to be an entrepreneur.
Old: Raise money and spend a lot of it on advertising.
New: Raise no money and spend no money on advertising.
Old: Women will get power in corporate America and change it.
New: Women are getting what they want by leaving corporate America to start their own businesses.
Old: Climb the coprorate ladder, learn the ropes, then start a company.
New: Start a company to get out of climbing the corporate ladder.
Old: Entrepreneurship is all or nothing.
New: You can test the waters by starting a company while you have a corporate job.
Old: Starting a business is risky.
New: Staying in corporate life is risky. Most businesses succeed, most jobs end.
Old: Do a lot of planning and make sure it’s going to work before you start.
New: Forget the big plan. Just try it. If it doesn’t work, you can just try again.