Not Everyone Can Be a Star: The Myth of Universal Success

Entrepreneurship is often romanticized as accessible to anyone with determination and a good idea, but the reality shows a declining trend in business formation rates since the late 1970s. This decline indicates that the entrepreneurial landscape is less dynamic and robust than commonly believed. While there are exceptions where individuals achieve success, the notion that anyone can succeed if they try hard enough is misleading and potentially harmful. This perspective can lead to unrealistic expectations about entrepreneurship and fosters the idea that universal success is attainable, which is not the case. Just as in sports, where only a select few make it to the professional level, the entrepreneurial journey is similarly restricted, and not everyone can reach the pinnacle of success.