Question: What is one business myth that entrepreneurs should disregard?
Success Is Achieved Solely Through Churning Out Work
"While all entrepreneurs have to work incredibly hard to be successful, action should never be confused with progress. Entrepreneurs should constantly evaluate whether their approach is proving successful and stop or change it if necessary. They should simultaneously see both the immediate and the bigger picture."
Revenue Equals Success
"It's easy to look at a company's revenue and deem them successful. However, the true value of a company is based on profitability -- not just on shear revenue size. Keep revenue in mind, but always focus on profitability and sustainability of the business."
You Have No Boss
"You are accountable to both your customers and your employees. If you raised money, you are also accountable to your investors. At times, this can feel like you've traded one boss for many. There is definitely a certain freedom in being an entrepreneur and defining your own way; however, many entrepreneurs feel like they have traded a direct boss for numerous indirect bosses."
You Have No Time for Friends and Family
"Smart entrepreneurs know that having a supportive network of friends and family is critical to helping cushion the falls inherent in startups. Just because you work a lot doesn't mean that you should neglect the people you love; they are critical to your success."