1) It takes a lot of money to finance a new business. Not true!

2) Venture capitalists are a good place to go for start-up money. Only if your starting a Technology or Bio-tech Business!

3) Banks don't loan money for start-ups. Actually banks loan money to an average of 15% of business start-ups!

4) most business angels are rich (investors). Most business investors earn less than $40k a Year!

5) Start-ups can't be financed with debt. Debt is more common than equity!

6) Most entrepreneurs start businesses in attractive industries. The opposite is true!

7) The growth of a start-up depends more on an entrepreneur's talent than on the business they choose. Completely False!

8) Most entrepreneurs are successful financially. Again False!

9) Many start-ups achieve the sales growth projections that equity investors are looking for. False again!

10) Starting a business is easy. Sorry to disappoint but false!

These are the Top 10 Myths In Entrepreneurship for any business whether it's on the Internet or a brick and mortar down town. You need to have the true facts to succeed in your business adventure or failure is inevitable.

Statistics show that 97% of business start-ups fail the first year but don't get discourage there is the 3% that live a lifestyle that most only dream of. If you do your homework and have the four success ingredients then you will succeed.Thomas A Edison said success is 1% knowledge and 99% persistence...

It took him 10,000 experiments to come up with a filament for his light bulb that would work. When asked if the failures ever bothered him he stated I never failed I just found 10,000 ways that didn't work. Failures are only stepping stones to ones success.