“In business, I think the most important thing is to position yourself for the long term and not be too impatient”
— Bernard Arnault
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Simplified Meaning:
When running a business, it's crucial to think about the future and not just quick earnings. For example, if someone opens a coffee shop, they should focus on building a loyal customer base and providing great service, rather than just trying to sell as many cups as possible in the first month. Even if the profits are small in the beginning, the business will grow stronger and more stable over time. Patience is key; success doesn't usually come overnight. Instead of chasing instant results, working on long-term goals like customer satisfaction and a good reputation can lead to bigger rewards down the road. This approach helps the business survive tough times and continue to prosper over the years.
Related tags
Business Business advice Entrepreneurship Growth mindset Long-term strategy Patience Strategic planning Success Sustainability Vision
