Get All Access for $5/mo

Debunking the 5 Biggest Myths of Entrepreneurship May McCarthy of Bizzultz explains how intuition will help you achieve financial freedom.

By Alan Taylor

Opinions expressed by Entrepreneur contributors are their own.

May McCarthy

Serial entrepreneur, angel investor, philanthropist, author and CEO of Bizzultz May McCarthy explains how intuition will help you achieve financial freedom. Plus, we bust five common myths surrounding entrepreneurship and get the inside scoop on McCarthy's new book, The Path to Wealth: Seven Spiritual Steps for Financial Abundance.

  • [00:00:00] Busting Common Entrepreneurship Myths
  • [00:05:45] If You Build It, They May Not Come
  • [00:11:30] Creating Connections and Time Management
  • [00:18:21] Visualizing Success With Positive Projections
  • [00:27:17] "Chief Spiritual Officer" Illuminates Possibilities
  • [00:33:18] May McCarthy's Daily Guide to Achieving Goals

Related: How Two Entrepreneurs Are Shaking up Traditional Industries and Tapping Into New Customers

Discover more about segments and guests below . . .

[00:00:00] Busting Common Entrepreneurship Myths

Most budding business owners forget that growing a new venture can be extremely expensive. Entrepreneurs should not expect overnight financial success. To curb unnecessary costs, Bizzultz CEO May McCarthy recommends creating a comprehensive business plan. Prepare for success by proving your business model is sustainable on paper before investing your hard earned cash.

[00:05:45] If You Build It, They May Not Come

It's not enough to offer an exceptional product or service; sales won't materialize if consumers don't know you exist. From raising startup capital to differentiating yourself from the competition, McCarthy teaches us how to craft a winning marketing strategy and weather unexpected financial hardships.

[00:11:30] Creating Connections and Time Management

Moving full steam ahead, we bust three myths regarding business ownership. We learn how to build a professional network comprised of mentors and contract workers, become a master of time management and create a corporate value system.

[00:18:21] Visualizing Success With Positive Projections

Our society places emphasis on the rational mind, always looking for data-driven answers and neglecting intuition. McCarthy explains that while it's important to keep a level head, entrepreneurs must also learn to trust their gut. Tap into your innate knowledge and make instinctual business projections.

[00:27:17] "Chief Spiritual Officer" Illuminates Possibilities

"If you stay focused on a completed outcome that you desire (not how you're going to get there), then you'll start to notice more possibilities to take steps to achieve that goal," says McCarthy. She shares how to illuminate potential solutions by releasing your internal "chief spiritual officer" and focusing on an advantageous end result. This insight will change the way you do business!

[00:33:18] May McCarthy's Daily Guide to Achieving Goals

Do you take time to contemplate your life goals? Whether you are trying to improve your finances, deepen relationships or lose a few extra pounds, McCarthy has written a roadmap to help you achieve your ambitions. McCarthy gives us a detailed preview of her latest book, The Path to Wealth.

Entrepreneur Radio, hosted by award-winning broadcast professional, Alan Taylor, equips fans with the critical information necessary to grow their business through practical advice and thought-provoking interviews. Tune in live on Saturdays 2 p.m. EST/11 a.m. PST and Sundays 10 a.m. EST/7 a.m. PST and listen to weekly episodes on demand on

Alan Taylor

Host, Entrepreneur Radio

Alan Taylor is an award winning radio and television host and a 30-plus year broadcast professional. As a founder of Benchmark Entertainment in 1995, Taylor pioneered the business of creating radio shows as an extension of the magazines and brands they represent. Benchmark orchestrated innovative partnerships with leading publishers to replicate their content on-air, bringing their brands alive to a much larger audiences. Today, Taylor partners with the nation’s largest publishing houses. He is, on behalf of the Entertainment Right Now, the host of some of the most popular weekend talk shows in radio today: The Drive with Alan Taylor and Entrepreneur Radio. Taylor produces and co-hosts a new video series, Business & Burgers, in partnership with Microsoft and serves as a consultant and content marketing partner for USA Today Network.

Taylor’s expertise and quick wit entertain millions and he has been a featured automotive expert on ABC, CBS, CNN, FOX, NBC and others, including 15-plus years on daytime’s No. 1 morning talk show, LIVE! with Kelly. Taylor is also an in-demand guest speaker where his up-beat presentations provide both insight and motivation. Taylor is also the co-host of Motorz TV, seen in over 200 million TV households in the USA and Canada.

Want to be an Entrepreneur Leadership Network contributor? Apply now to join.

Editor's Pick

Side Hustle

She Grew Her Side Hustle Sales From $0 to Over $6 Million in Just 6 Months — and an 'Old-School' Mindset Helped Her Do It

Cynthia Sakai, designer and founder of the luxury personal care company evolvetogether, felt compelled to help people during the pandemic.

Science & Technology

Get a Lifetime of Raspberry Pi and Arduino Lessons for $70

For businesses with development teams, this discounted bundle is a must.

Business News

Google's AI Is Now Appearing in Gmail and Docs

AI is being introduced to some of Google's most popular products.

Money & Finance

How to Leverage Credit Cards for Business Growth (the Right Way)

By being aware of the risks and embracing best practices, entrepreneurs can make the most of credit cards.

Business News

'Cannot Stop Crying': Hooters Employees Shocked After Dozens of Restaurants Suddenly Close Without Warning

The chain is the latest fast-casual restaurant to face difficult decisions amid inflation.

Business Solutions

5 Actionable Strategies to Improve Your Brand Reputation

For established brands or emerging franchisors wanting to connect with their base, here's actionable advice for improving industrywide reputation.