Entrepreneurial myths (or realities) and entrepreneurial intentions

The development of modern entrepreneurship research began some 50 years ago. In the meantime, various definitions of entrepreneurship led to different interpretations of its scope, and subsequently, the entrepreneurial myths emerged. This topic was studied quite intensively in the 1980s and 1990s, and numerous results succeeded in demystifying most of the entrepreneurial myths. Despite that, the entrepreneurial myths persist and regularly appear on the web portals, media, and bloggers’ articles. On the other side, contemporary entrepreneurship textbooks include entrepreneurial myths as a lesson which could eliminate some obstacles for the nascent entrepreneurs. This study revealed that the entrepreneurial myths are somewhat present among younger examinees, nonentrepreneurs in Croatia, who have a low or medium level of education. Still, not even these demographic groups view those myths as realities. Further analysis pointed out that there is a statistically significant, although negative and weak correlation between the perception of entrepreneurial myths as myths (not as realities) and a higher level of entrepreneurial intentions.