❌Avoid these BUSINESS Mistakes | Biggest Mistakes STARTUP owners make | Never Do This in Business 🔥

In the text, the author likens starting and running a business to raising a child, illustrating the time, commitment, and care necessary for both endeavors. The author emphasizes that starting a business involves many uncertainties and challenges. However, the path to success lies in the founder's commitment and adaptability, rather than the pursuit of instant returns.
The author highlights several issues that most people face when starting a business, such as unrealistic expectations of quick returns, the desire for risk-free operation, and the pressure to break-even in a short time. They point out that many new business owners expect immediate profits, and become disheartened when the business doesn't meet their initial expectations.
Drawing parallels with parenting, the author underscores that just like a child, a new business requires nurturing, patience, and continuous support during its initial stages. Similar to how parents don't expect immediate results from their newborn, entrepreneurs shouldn't expect immediate profits from their business. They mention that just as parents bear the responsibility of nurturing their child, entrepreneurs must shoulder the responsibility of nurturing their businesses.
The author goes into depth about the child's growth stages, from being completely dependent on the parents to gradually gaining independence. They stress that this same trajectory applies to a business: in its early stages, the business depends entirely on the founder, but as it grows and matures, it becomes more self-sufficient.
Furthermore, the author highlights the importance of investing in good resources for your business. They compare hiring competent staff to enrolling your child in a good school and equating providing comfortable work conditions to ensuring your child's comfort. Adding impurities to a product is likened to teaching your child to lie, emphasizing that the values instilled in a business are reflected in its products or services.
The author ends by reminding the audience that successful businesses, like well-adjusted adults, are often the product of years of nurturing and patience. They cite the example of the Ambani family, who took two generations to achieve their current level of success. The author advises potential entrepreneurs to be prepared for a similar timeline, and to invest the necessary time, effort, and patience into their businesses.
In conclusion, starting a business is like raising a child - it requires nurturing, patience, and investment. Returns should not be expected immediately, but rather, one should focus on providing the necessary support for the business to grow and become self-sufficient. Just like raising a well-adjusted child, nurturing a successful business is a long-term commitment that can yield significant rewards.
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[@mrabhishekprashar]

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[@Apkavloggerrr]

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[@BalramvishakhaBhargava]

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