How does the myth of "overnight success" impact new entrepreneurs?

How does the myth of "overnight success" impact new entrepreneurs?

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The “overnight success” myth is one of the most damaging narratives for aspiring entrepreneurs. It creates unrealistic expectations and undermines the slow, iterative, and failure-ridden process that is actually required to build a successful venture.

Why this myth is harmful:

  • Sets unrealistic timelines: Entrepreneurs may become discouraged when they don’t see fast results, believing they are failing when they’re actually progressing normally.

  • Promotes shortcuts: People may skip essential stages like proper planning, testing, or building the right team, chasing quick wins instead of long-term sustainability.

  • Ignores foundational work: Successful businesses often spend years in development, with countless failures, pivots, and learning phases that the public never sees.

  • Mental health toll: Constant comparison to fast-success stories can lead to self-doubt, anxiety, and even burnout.

The reality:

  • Success is iterative: Most businesses go through phases of slow growth, experimentation, and repeated setbacks before stabilizing.

  • Compound growth takes time: Initial efforts may yield little visible return, but with persistence, networks, brand trust, and innovation, growth accelerates.

Takeaway:

  • Entrepreneurs should measure progress realistically and appreciate small wins.

  • Celebrating consistency, learning, and adaptability is more accurate than glorifying quick success.