Entrepreneurship is the attempt to capture not just the wage for your labor but a share of the value it creates — a rational ambition, though one that most attempts do not reach. The failure rate is high not because the idea of ownership is flawed but because the gap between a good idea and a sustainable business is crossed by execution, timing, and tolerance for sustained uncertainty. Those who build successfully tend to have prepared more than they appear to have.
Each step builds on the last.