Entrepreneurship is often romanticized as a path to wealth and freedom, but there are several common misconceptions. In reality, becoming an entrepreneur takes significant time, money and effort. Success does not happen overnight and most startups fail. While ideas and passion are important, hard work, perseverance and adapting to challenges are what determine if a business will survive. Entrepreneurship should not be viewed as a get-rich-quick scheme but rather a long journey with no guarantees of wealth or success.