There’s a myth that entrepreneurs have special traits that distinguish them from other people. But research shows no unique characteristics. There’s a myth that entrepreneurs are risk takers. But research has shown that they try to manage risk. They outsource it where they can. And there’s a myth that entrepreneurs have some sort of secret method that they can apply to venture after venture. But many second-time entrepreneurs fail.

— Raffi Amit, academic director of Wharton’s Goergen Entrepreneurial Management Programs, speaking at a 2006 conference.

(via Harsha Joshi)