As companies fund research and make discoveries, they tend to develop breakthrough technologies. Founders of entrepreneurial companies are experienced experts in their fields . Entrepreneurs with little expertise in their fields have started many of the most successful companies. What enables most entrepreneurs to be successful in their new ventures is their flexibility to change. Starting a new business is like jumping from rock to rock up a stream rather than building a bridge from a blueprint.
Companies develop tightly constructed business plans when they're ready to seek outside investments.
All entrepreneurs rely on venture capital to fund their businesses . Most entrepreneurs start with their own money and money from friends and family, and only look to venture capital when they need to capitalize on their successes, usually in the later stages of growth. The NCOE's Five Myths report also discusses various policy ideas that emanate from these debunked myths. The National Commission on Entrepreneurship is funded by the Ewing Marion Kauffman Foundation's Center for Entrepreneurial Leadership.