You can be on Entrepreneur’s cover!

3 Lies Unsuccessful People Tell Themselves The path to success starts with seeing things as they really are.

By Tor Constantino

entrepreneur daily

Opinions expressed by Entrepreneur contributors are their own.

Hero Images | Getty Images

There are a lot of "truths" related to business success including: If you don't take care of your customers someone else will. Business is not about selling, it's about relationships. Correlations are not always causations. And last but maybe truest, all of us are smarter than any of us.

Each of these is a foundational axiom for advancement in both life and commerce, but there are also lies that people believe that hold them back and limit their abilities. Here are three common lies that unsuccessful people believe.

1. "I have a college degree, so I deserve a job."

As obvious as it seems, having any kind of degree is not a guarantee of a job and that includes a Masters degree or Ph.D. As harsh as it sounds in this hyper-politically correct environment, nobody deserves employment.

In our capitalist system, the reason why you don't have a job is that you're not adding value to the marketplace. The best way to add value is to solve problems, and your compensation will be proportional to how difficult, large or specialized a given problem set might be.

Instead of whining about not finding a job, start finding a problem to solve instead.

Related: College is Good for Getting a Job but Not Necessarily for Getting Rich

2. "We just need to go viral."

I've found this particular fallacy is particularly popular among younger demographic segments including Generation Y and Millennials.

Anecdotally, my two teenage daughters consume a variety of media such as online videos, music, gifs, games...etc. In their consumption, they also manipulate and change those media offerings and share them across their social networks.

They might find a picture online of a kitten, add a Snapchat filter and share, or they may record a subjectively "hilarious" video snippet and share. I've overheard them say, "This one will go viral for sure and we'll make millions."

While viral unicorns, such as PSY's Gangnam Style or the Dollar Shave Club videos, do occur not everything goes viral and viral hits don't necessarily translate into positive fame or financial return. Just ask "pharma bro" Martin Shkreli who had many viral moments during the past several years.

Bottom line, viral does not equal success.

Related: Google Has Fired the Writer of the 3,000-Word Viral Memo That's Gripping the Company

3. "I need to look like a success to be a success."

This falsehood manifests as individuals living above their means and it's the underlying premise of Thomas Stanley's classic book, The Millionaire Next Door. It's especially apparent in "image" professions such as lawyers, physicians, architects, stockbrokers, etc.

The focus of Stanley's book is that the majority of millionaires in America are actually individuals, such as plumbers, dry cleaners and automotive repair shops to name just a few, who scrimped and saved while starting and growing a blue-collar business from the ground up. Like all parents, those millionaires instinctively wanted their kids to be more successful and not work as hard as they did, so the children were and are encouraged to pursue professional careers in high-potential fields such as medicine, finance or the law.

Turns out, when half those kids finish graduate school they have more than $120,000 in debt before they even land a job. Stanley asserts that those would-be professionals also feel compelled to live in the right neighborhoods, drive the right cars, wear the right clothes and join the right country club based on their profession. Such high living comes with a high price tag.

What happens is the blue-collar millionaire parents have to subsidize the lifestyle of their white-collar children. Most of the wealth the blue-collar parents took decades to save is spent before their grand kids get any type of inheritance. Too few parents realize that they're hobbling, rather than helping, their offspring by enabling conspicuous consumption insteady of their own frugality.

While avoiding these lies may be obvious to some of us, many of us still have difficulty sifting fact from fiction.

Tor Constantino

Former Journalist, Current PR Guy (wielding an MBA)

Tor Constantino is a former journalist, consultant and current corporate comms executive with an MBA degree and 25+ years of experience. His writing has appeared across the web on Entrepreneur, Forbes, Fortune and Yahoo!. Tor's views are his own and do not reflect those of his current employer.

Want to be an Entrepreneur Leadership Network contributor? Apply now to join.

Editor's Pick

Business News

'Wildly Inappropriate': Woman Says She Was Denied a Job Because She Didn't Wear Makeup During the Interview

Melissa Weaver was applying for a VP of HR job at a tech company via video.

Business News

From Tom Brady to Kevin O'Leary – See Who Lost Big in the Wake of the FTX Crypto Collapse

The crash exposed an $8 billion hole in FTX's accounts, leaving investors and customers scrambling to recoup their funds.

Business News

Kevin O'Leary Says 'Do Not' Merge Finances, Bank Accounts With Your Spouse: 'I Forbid It in My Own Family'

The "Shark Tank" star stressed the importance of keeping your "own financial identity" in a relationship.

Business News

This Highly-Debated Piece of Cinematic History Just Sold For Over $700,000 at Auction

The wood panel from "Titanic" is often mistaken as a door. Either way, he couldn't have fit. (Sorry.)