The creative capacity to envision and then pursue an opportunity is a direct descendent of at least 10 or more years of experience that lead to pattern recognition. Luck, to the extent it is involved, requires good preparation. And the easiest part is starting up. What is hardest is surviving, sustaining, and building a venture so its founders can realize a harvest. Perhaps only one in 10 to 20 new businesses that survive five years or more result in a capital gain for the founders.
Successful entrepreneurs take very careful, calculated risks.
They try to influence the odds, often by getting others to share risk with them and by avoiding or minimizing risks if they have the choice. They do not deliberately seek to take more risk or to take an unnecessary risk, nor do they shy away from unavoidable risk. Owning and running the whole show effectively puts a ceiling on growth. Solo entrepreneurs usually make a living. It is extremely difficult to grow a higher potential venture by working single-handedly.