Comments on: Myth: Entrepreneurship Will Make You Rich

By: Mailing Fulfilment

Mailing Fulfilment — Fri, 04 Feb 2011 12:01:49 +0000

I agree with neil4444′s point. If in fact most start ups fail in the early days then how is this a way of getting rich?! I think entrepreneurs need to be much more realistic.

By: Jobs in Stratford upon Avon

Jobs in Stratford upon Avon — Wed, 17 Nov 2010 11:54:54 +0000

I notice that a couple of people mention that they would not have started up a company by themselves if they were aware of the pain it can cause. Well i think we all know that starting a new company is a huge responsibility and the individual must be prepared to face anything that is thrown at them down the line. I don’t necessarily agree that entrepreneurship will make you rich, not instantly anyway but i do think that an entrepreneur can live very comfortably.

By: Wills Online

Wills Online — Mon, 08 Nov 2010 16:55:35 +0000

I don’t agree that entrepreneurial ship will make you rich in an instant. You may have an incredible product/service but you still need to market the product and create awareness. Start-ups will generally have very little money so they can ill afford huge marketing budgets. I’m afraid its a slow slog not instant.

By: The Essential Startup Reader: 10 Lessons in Entrepreneurship - Business Technology Tips - David Dietrich's Business Technology Blog

Fri, 12 Mar 2010 20:20:14 +0000

[...] “Myth: Entrepreneurship Will Make You Rich” by Eric Ries: “One of the unfortunate side effects of all the publicity and hype surrounding startups is the idea that entrepreneurship is a guaranteed path to fame and riches. It isn’t,” Ries writes in this no-holds-barred essay about the challenges and pitfalls of being a startup founder. [...]

By: Scroll and Gun - 10 Lesssons in Entrepreneurship

Scroll and Gun - 10 Lesssons in Entrepreneurship — Tue, 02 Feb 2010 17:21:46 +0000

By: LifeStyle Design | 10 Lesssons in Entrepreneurship

LifeStyle Design | 10 Lesssons in Entrepreneurship — Fri, 22 Jan 2010 20:11:28 +0000

By: INEO » Para começar uma empresa: 10 artigos essenciais sobre start-ups

INEO » Para começar uma empresa: 10 artigos essenciais sobre start-ups — Mon, 11 Jan 2010 15:12:42 +0000

By: neil4444

neil4444 — Fri, 08 Jan 2010 04:14:32 +0000

If most start ups fail within the first years how is that a good way to get rich.Yes some people make a fourtune this way, but the odds say most people will lose money trying to start a buissness.Why do people perpetuate the myth that everyone can become rich.The sad fact of the matter is that only a small % of the population can be rich at any given time, econmics 101 sorry.

By: Bee Hobson

Bee Hobson — Wed, 06 Jan 2010 20:55:16 +0000

I have read in so many places that you need to listen to your audience-potential clients but rarely have I seen an article that gives a very plausible example. And yes entrepreneurs are wired different I am one and my business went online in august-yet to to see a profit. My parents tell me to get a better job but the hope is my vision will lead to a better life. This is definitely not the path for everyone! I'm finding that I must also balance the real world and hold the dayjob-good luck to all those in the same boat!

By: The Essential Startup Reader: 10 Lessons in Entrepreneurship « Socalyep's Blog

Mon, 04 Jan 2010 19:17:15 +0000

By: Great tips and pointers for start-ups and entrepreneurs.. « See Say note…..

Mon, 04 Jan 2010 01:42:55 +0000

[...] Myth: Entrepreneurship will make you rich by Eric Ries: “One of the unfortunate side effects of all the publicity and hype surrounding startups is the idea that entrepreneurship is a guaranteed path to fame and riches. It isn’t,” writes Eric in this no holds barred essay about the challenges and pitfalls of being a start-up founder. [...]

By: The Essential Startup Reader: 10 Lessons In Entrepreneurship – GigaOM

The Essential Startup Reader: 10 Lessons In Entrepreneurship – GigaOM — Sat, 02 Jan 2010 22:49:54 +0000

By: Brian

Brian — Mon, 23 Nov 2009 15:59:51 +0000

Entrepreneurship is about showing your kids that, win or lose, the opportunity at hand is realizing the value of pursuing something you believe in and making an attempt to live within the bounds of what makes you happy versus the world’s message “you’ll make money and be stable” in the herd. Who doesn’t want to be one of the billion dollar front page outliers? But, for the most part, if you’re in anything solely for the money, you’re in the wrong place and the cost/impact to your life will be great.

I’d also say that “rich” is, as others have intimated, a subjective term. For me, entrepreneurship has provided me the flexibility I’ve [also] desired to be a dad and husband at the same time. The startup and entrepreneurship doesn’t (or maybe shouldn’t is the better word) have to be this binary state of sell out or get out. There’s times I think about hanging it up for “a job” but as tough as it is some days, it’s better than “a life of quiet desperation” and as already said, that’s what I want my kids to take away from it.

By: Dave Huer

Dave Huer — Mon, 02 Nov 2009 15:15:31 +0000

But in order to do that, they’re going to have to keep two seemingly contradictory ideas in mind at the same time: that their vision is going to change the world, and that their vision is also horribly flawed. Which parts of the vision are which? There’s no way to answer that in the lab.

I call this place my “event horizon”

Dave Huer
Vancouver, BC

By: Startup short-term & long-term mind splitting « Nickpoint

Startup short-term & long-term mind splitting « Nickpoint — Fri, 30 Oct 2009 14:35:17 +0000

[...] didn’t agree with Eric Ries Gigaom’s post on ‘Myth: Entrepreneurship Will Make You Rich’. However Eric did highlight the dichotomy of startup founders dealing with short-term v’s [...]

By: Nick Barker

Nick Barker — Tue, 27 Oct 2009 18:40:22 +0000

A provocative post Eric!

I’m with Brian McConnell and disagree with you that it is not a good way to make money. It is. 3 out of my 4 former employer founders have existed with $6-$12m. They were all under 45 at exit and 1st time startup entrepreneurs. None of them were there to change the world but they made solid revenues by providing tech services in demand to local companies. If you aim too high, too early you may miss..

As Paul Graham said “…You have to make a living, and a startup is a way to get that done quickly, instead of letting it drag on through your whole life.”.

A startup is not for everyone but would you rather spend 40 years in employment working towards the goal of a comfortable pension or work for a much shorter period on startups?