9 Misconceptions About Starting Your Own Business

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The Young Entrepreneur Council (YEC) is an invite-only organization comprised of the world’s most promising young entrepreneurs. Nine of its members shared some of the biggest misconceptions people have about building a company.

Question: What is your favorite lie that you’ve heard about starting your own business?

You’ll be your own boss.

“Not only will you not be your own boss, but more people than ever will have a critical stake in your success, including customers, vendors, and staff. If you think your boss makes unreasonable demands of you now, just wait until a good customer calls you to handle a major issue at 2 a.m. — and you have to be the one to resolve it.” — Alexandra Levit, Inspiration at Work

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