[Solution]Myths that Entrepreneurs are mainly motivated to get Rich

One common misconception about entrepreneurship is the notion that entrepreneurs are mainly motivated to be rich (Bogenhold, Heinonen and Akola 2014, p. 297). Of course,…

One common misconception about entrepreneurship is the notion that entrepreneurs are mainly motivated to be rich (Bogenhold, Heinonen and Akola 2014, p. 297). Of course, when starting a new business, an entrepreneur strives to achieve profitability. However, this does not mean that financial gain is the only motivation for small businesses. In fact, getting rich is never on the top of the list. Many entrepreneurs who start new businesses with an aim of getting rich quickly increase the chance of failure. A majority are frustrated when they fail to achieve this goal in the shortest time possible (Baron 2008, p. 335). Consequently, they give up too easily instead of………
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