One requirement for entrepreneurs to be successful is to be able to delay gratification.
Short-term thinking will not get you there.
Long-term thinking is where you make investments to make tomorrow better; and next year and the next ten years, and even the next 20.
If you want to spend and play all you can today, and you can’t delay gratification, you are not going to build a great business.
The adult marshmallow test!
I couldn’t agree more! Delayed gratification is something that all parents should purposefully teach their children. There are simple methods of doing this and the multitude of good character traits that come from it are priceless!