Entrepreneurs are often overconfident in their own abilities, which can lead them to start businesses even though they lack the skills they need to succeed.

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This statement is true. Research has shown that entrepreneurs tend to be more optimistic and have higher levels of self-confidence than the general population, which can lead them to believe that they can succeed even if they lack certain skills or knowledge. This can sometimes result in businesses failing due to lack of expertise or insufficient planning.

Entrepreneurs Are Often Overconfident in Their Own Abilities, Which Can