Why do entrepreneurs try to start businesses or develop new products? Are they more likely to succeed or fail?

it depends on the person what is he/she selling?

Explanation:

If it is in high demand then yes most likely going to succeed in their business.

Entrepreneurs are the people who start their own business. They are the sole authority in the business. They are the ones, liable for all the losses and profits of the business. Entrepreneurs start their business with high motivation levels and innovative product. They usually come up in the market with a product which is so unique that it catches up the attention of a lot of people. They are skilled enough to start their business on their own. They enter the market to make a breakthrough, and most of the times Entrepreneurs succeed. This is because they are highly motivated, they are skilled, they have high decision making power, and above all, they have something innovative to be launched in the market. So they are likely to succeed.