Start Up’s Success
The success of startups often depends on the passion, dedication, and resourcefulness of the founders. Many great inventions and discoveries, such as Edison’s light bulb or the Wright brothers’ airplane, were developed with personal resources rather than borrowed money. These pioneers invested not only their own money but also immense effort and time, driven by a genuine belief in their ideas. This commitment created a foundation for enduring success. When founders put their own resources on the line, they are often more personally invested, which can boost their resilience and creativity in solving challenges.
In contrast, today’s startups frequently rely on borrowed capital, and while funding is essential, it may lead to less personal risk and, sometimes, less sincerity. Founders who are under pressure to deliver quick returns may prioritize short-term gains over sustainable growth, which can weaken their connection to the vision. For example, startups that focus solely on attracting investors or maximizing profit may overlook the importance of building a strong, loyal customer base. Success stories, like Apple and Amazon, show that resilience and a long-term focus, rather than just abundant resources, are critical to thriving in the long run.
By CA L.Muralidharan and CPA L.Mukundan
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