How hard is it to make it as a band in the music industry?

Is it really as hard as everyone says? I suppose the first thing would be to define the meaning of 'making it'. I spose to some that making it is being famous, to others its being able to make music and make enough money to have a decent living.

I personally think there are people who wont work hard enough and expect it to come to them, rather than chasing it for themselves.

So whats your view?