Have you ever heard of the phrase “short term pain, long term gain“? For too long businesses have neglected their long term gain and went in for the short term profits. If you are one of those businesses that only focus on short term profits, your future will look weak and bleak. You’re falling for an obvious trap that will destroy your business later on.
We all want fast results and big profits. We set ourselves quotas in order to drive us to our goal. But what happens when you can’t achieve it? You will start doing things that will hurt your brand in the short run in order to satisfy your short term quotas.
Long term investment is key in any businesses but we don’t necessary practice it when a tough situation occurs. Patience and endurance is necessary in order to ride out the short term pain of not making any profits in order to achieve long term gain. Never do things that can hurt your brand in the long run in order to gain a profit in the short run.
Remember the phrase “short term pain, long term gain“. Don’t sell yourself short and think long term. Ride out the short yet tough time ahead during the start of your business so you’ll prosper long term. Never sell yourself short because you want to profit a little early on.
5 Comments
thanks for the post David, it was a very education read.
What a good phrase”Short term pain,long term gain”,we suffer now,but we will enjoy it eventually.
I think of Entrecard when I see this. Ultimately, long term it is better to talk to other blogs than to join social networks.
Kirk- Np!
Felex- Yeah, I love it!
BC- You’re kind of right; however, you can develop relationships in social networks too.
well, we need to set a limit for that “short” . If the “short” becomes too “long” it can become very painful