Success is often portrayed as a straight path paved with ambition, hard work, and determination. While these qualities are essential, the reality is that building success is much more difficult than it appears. To understand the true challenge of achieving success, let’s look at a shocking statistic: over 90% of startups fail, with about 10% failing within the first year. This statistic is not just about businesses; it’s a powerful reminder of the difficulty of success in any field, whether it’s academics, sports, or personal goals.

The Startling Truth About Success

Imagine this: A group of 100 startups is launched in Ottawa in 2024. These startups are filled with enthusiastic founders, eager to turn their ideas into reality. However, by the end of the first year, only about 10 of these startups will likely survive. That’s right—90% will have already closed their doors. But the challenge doesn’t stop there. For the startups that do survive that critical first year, the road ahead remains daunting.

By 2034, a decade later, of the 10 startups that survived the first year, only about 3 are expected to still be in business. This means that out of the original 100 startups, only 3 will likely still be operational after 10 years. This statistic underscores the immense difficulty of achieving long-term success, even for those who start with ambition and drive.

What Makes Success So Difficult?

1. Unforeseen Challenges: Success is not just about having a great idea or being passionate; it’s also about navigating unforeseen challenges. Whether it’s changing market conditions, unexpected competition, or personal setbacks, there are countless obstacles that can derail even the most well-thought-out plans.
2. Consistency and Persistence: Many people start strong but lose momentum over time. The initial excitement of pursuing a goal can fade when faced with the daily grind required to achieve it. Consistency—showing up day after day, even when things get tough—is often what separates those who succeed from those who don’t.
3. Adaptability and Learning: The path to success is rarely a straight line. It requires the ability to adapt to changing circumstances and learn from failures. Many of the startups that fail do so because they are unable to pivot or adjust their strategies when things don’t go as planned.
4. Resource Management: Success often requires a careful balancing act of managing resources such as time, money, and energy. Many people underestimate the amount of each that is required to achieve their goals. Running out of resources can bring even the most promising venture to a halt.
5. Mental and Emotional Resilience: The psychological aspect of success is often overlooked. Dealing with failure, criticism, and setbacks can take a toll on one’s mental and emotional health. Building success requires resilience—the ability to bounce back from setbacks and continue moving forward.

Lessons for Students on the Path to Success

1. Set Realistic Expectations: Understand that success is challenging and requires more than just initial enthusiasm. Setting realistic goals and being prepared for the difficulties ahead can help you stay motivated and focused.
2. Embrace Failure as a Learning Opportunity: Failure is not the end; it’s a chance to learn and grow. Each setback offers valuable lessons that can guide you toward future success. The key is to analyze what went wrong, adapt your approach, and try again.
3. Stay Committed to Your Goals: Persistence is crucial. Even when things get tough, staying committed to your goals and consistently working towards them will increase your chances of success. Remember, success often comes to those who are willing to keep pushing forward when others have given up.
4. Build a Support Network: Surround yourself with people who encourage and support you. A strong support network can provide guidance, motivation, and help when things get tough. Remember, you don’t have to go through the journey alone.
5. Manage Your Resources Wisely: Be mindful of how you allocate your time, energy, and money. Plan ahead and prioritize tasks that will bring you closer to your goals. Efficient resource management can make a significant difference in achieving success.
6. Develop Resilience: Work on building your mental and emotional resilience. This will help you handle setbacks and stay focused on your goals. Practices like mindfulness, meditation, and maintaining a healthy work-life balance can support your mental health and keep you motivated.

Conclusion

The journey to success is rarely easy. It’s filled with challenges, setbacks, and moments of doubt. However, understanding the difficulty of achieving success can help prepare you for the road ahead. Remember the statistic that only 3 out of 100 startups survive after 10 years. This is not to discourage you but to remind you that success requires more than just ambition—it requires perseverance, adaptability, and a willingness to learn and grow from every experience. By embracing these qualities, you can increase your chances of achieving your goals and building a successful future.