The Biggest Lie Entrepreneurs Tell Themselves

Let’s address one of the most pervasive myths in entrepreneurship: the idea of the “self-made millionaire.” Spoiler alert—there’s no such thing. It’s impossible for one person, single-handedly, to reach seven figures in business.

Here’s why:

First and foremost, your success as an entrepreneur depends on people. No customers, no sales. It’s as simple as that. Your business objective must serve a specific group of people. Their loyalty determines your ability to thrive. Ask yourself: Why should customers choose me over anyone else? The answer lies in the value you provide, the relationships you build, and the trust you cultivate.

You Can’t Do It Alone

Even if you manage to attract a loyal customer base, how do you scale without a team? How do you grow, innovate, and execute your vision on a larger scale if you’re doing it all yourself? You can’t. The very notion of being “self-made” falls apart when you examine the collaborative effort that goes into building a thriving business.

Your employees, suppliers, clients, and even your mentors all play a role in your success. Whether it’s the barista who fuels your mornings, the supplier who ensures your inventory is stocked, or the team member who goes the extra mile to meet deadlines, every piece matters.

We lean on each other. We rely on each other. We need each other.

The Value of Collaboration

True entrepreneurial success is rooted in collaboration. As you build your business, don’t forget the importance of taking care of those around you. Treat your employees with respect. Nurture your relationships with suppliers and clients. Acknowledge the contributions of every individual who helps you along the way.

Without them, seven-figure success would remain out of reach.

A New Perspective

So the next time you hear the phrase “self-made millionaire,” remember that it’s a myth. Every entrepreneur’s journey is a team effort, and success is a collective achievement. The real secret to scaling up and achieving greatness is taking care of the people who support you.