Damien always wanted to own an agriculture enterprise. He thought that he should go to school to understand how to farm and start the venture upon graduating. While at school, he realized that he had to do courses in entrepreneurship, and he questioned their relevance. He was taught that he must know the business in depth, understand how to operate financials and manage people, develop business plans and, most importantly, know his own strengths and weaknesses. He had initially thought that being an entrepreneur would only require knowledge on how to plant and reap. He believed that success was primarily determined by how new and good the idea is, luck, money to start the venture, and the ability to take the risk to start the business even in the face of challenges.
From the case, explain THREE myths of entrepreneurship that Damien should be aware of when carrying out his venture.?