Scientist turned venture capitalist turned blogger Ron Garrett lists the top ten myths tech geeks believe when starting a business. We’ll list out the myths below but you’ll have to go to his blog for the full explanation.
Myth #1: A brilliant idea will make you rich.
Myth #2: If you build it they will come.
Myth #3: Someone will steal your idea if you don't protect it.
Myth #4: What you think matters.
Myth #5: Financial models are bogus.
Myth #6: What you know matters more than who you know.
Myth #7: A Ph.D. means something.
Myth #8: I need $5 million to start my business
Myth #9: The idea is the most important part of my business plan.
Myth #10: Having no competition is a good thing.
That’s a pretty good list but we’re sure you can come up with a few more. In the comments below, go ahead and leave your favorite start-up mistakes or myths.
Top ten geek business myths [Rondom Ramblings via Business Pundit]