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The dark truth of every successful entrepreneurship!
Laksh Raghavan
June 13, 2024
Are you an entrepreneur or thinking about becoming one?
Here is the dark truth of every successful entrepreneurship that very few talk about...
You are going to FAIL even if your business succeeds (in terms of adding value to its customers and also financially).
Morgan Housel, the author of Psychology of Money, put it well:
"There’s a good friend of mine named Brent Beshore who says, “Every successful business is a loosely functioning disaster.”
Every single successful business in the world, that’s as good as you can get.
That’s the highest peak... a loosely functioning disaster.
Every business is just a mix of personalities and emotions and imperfect information, and you’re just trying to hold the thing together and do the best that you can. And you really see that when you’re on the inside of any company that exists in world. That’s always apparent, for me, just as an outside investor, looking at any company or on the inside as well."
That's what's going to happen to your passionate idea and business!
Many entrepreneurs I chat with have been employees in the past & have been frustrated about not being able to get stuff done and test good ideas in production!
Or, at some point in their career, they had a manager that they lost respect for & sometimes that was a contributing factor for them jumping into entrepreneurship in the first place.
But, the irony is that IF they are successful, their own business ends up creating the same issues for their employees. As Ernest Cline wrote,
"Two-Face was right. You either die a hero, or you live long enough to see yourself become the villain!".
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