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Secrets to Business Success
Why Patience and Perseverance Key
In today’s fast-paced world, we often find ourselves impatiently seeking immediate gratification and results. However, in the long run, it is patience and perseverance that pay off. This is especially true in the world of business, where success is often a marathon rather than a sprint. In this article, we will discuss why patience and perseverance are essential traits for success in business and how statistics back this up.
Time
First and foremost, it is important to understand that success in business takes time. The road to success is rarely linear, and setbacks and obstacles are to be expected. However, those who are patient and persistent enough to weather these challenges are the ones who ultimately succeed. According to research, it takes an average of 10 years for a business to become successful. This may seem like a long time, but it is important to keep in mind that success is not achieved overnight.
Expanding Your Time Horizon
“If everything you do needs to work on a three-year time horizon, then you’re competing against a lot of people. But if you’re willing to invest on a seven-year time horizon, you’re now competing against a fraction of those people… Just by lengthening the time horizon, you can engage…
