Yes, sometimes going backwards, is how you move forward. As an entrepreneur, you can easily fall into the paradoxical trap of financial success and financial obligations. You're driving a car that attracts attention. You're living in a zip code that hints at your good fortune. You've become accustomed to wearing name brands. You started believing alphabets behind your name entitles you to things. And you find yourself obligated to a lifestyle of peacocking.

You can't imagine going backwards, even if these things, behaviors, and attitudes are no longer serving you. Gasp! You're no longer able make capital investments in your business, because you're wearing and driving your profits. You're no longer nimble and able to adapt quickly to change, because you're too concerned about other's expectations. You're so focused on clinging to status and being comfortable that you don't notice the rug has been pulled from underneath you. And your competition is watching.

There's a reason Warren Buffett wore the same suit jackets for years.

 

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