Now for quashing the myths of entrepreneurship

Cash – you need lots and lots – you don’t- The amount of money that you put down does not reflect how innovative you are neither does it indicate whether a business will run successfully.
The only potential investor is a venture capitalist- not so – less than 15% of start ups are given capital from venture capitalists.
Save the cash and pay off your overdraft before starting a business- not true – over 15% of new businesses were set up from bank loans.  The hard part is persuading the bank of the feasibility of your plan.
What you love is what you will succeed in – Not necessarily – many entrepreneurs have been surprised about the industry that they have chosen.  Starting a business and running a business is about a process.  Even an industry you love may not provide the business results you are looking for.
Your company investor/investors will get very rich – Nice idea but often not the case – investors come in all guises and some don’t see much return.  Remember there is a difference between starting a business, running a business and making money.

Talent is all you need to be an entrepreneur – of course your talent at entrepreneurship is a must.  But to succeed in starting a business, running a business and making money you need opportunities and luck
Location of your business doesn’t matter – It is all about location – don’t go and buy a penthouse just yet!  However, choosing the wrong location can sometime be irreparable.  Firstly know the types available to you: home based, retail, mobile, commercial, industrial.  One will fit.
Entrepreneurship’s essential tool self-confidence
Being an entrepreneur is to be self-assured.  Everyone in business has opinions and will not hold back in sharing these with you.  The more you learn, the more you will know what to listen to and what not to listen to.
Now go on refresh yourself and dip into some literature:
“Start your own business: The only start-up book you’ll ever need” by Rieva Lesonsky and the staff of Entrepreneur Magazine.