Entrepreneurship is good for society, but statistically bad for the entrepreneur.
The vast majority of small businesses fail. The risk is very great to the individual entrepreneur, kind of like playing the lottery. However small businesses drive roughly 50% of the US's economy, employe roughly half of the workers in the US, and have come up with the majority of innovations over the last century. So it is good for society if entrepreneurs keep taking risks, even if statistically speaking, the entrepreneur is far more likely to fail than succeed.
Entrepreneurship is good for society, but statistically bad for the entrepreneur.
The vast majority of small businesses fail. The risk is very great to the individual entrepreneur, kind of like playing the lottery. However small businesses drive roughly 50% of the US's economy, employe roughly half of the workers in the US, and have come up with the majority of innovations over the last century. So it is good for society if entrepreneurs keep taking risks, even if statistically speaking, the entrepreneur is far more likely to fail than succeed.