Is it true when an entrepreneur says that he will be successful only when he will leave his family and baby and he cannot give time to his family since he is building something will that make him successful?
I have seen so many families tearing up due to this mindset of founders that they have to give their 100 percent time to their startups and not to their families.
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If you are a first gen entrepreneur, then 3 years min is gone. Untill your company reaches critical mass, you have to think, eat and sleep your business.
Why I say 3 years?. Is because coming froma salaried environment, our thinking/ thought process is different. It's takes time to think and act like a businessman. And usually it takes at least 2 years to setup a sustainable business. Meaning the profits earned from the business should cover your living expenses, give confidence for some extra investment for expansion.
A first gen entrepreneur cannot become successful without family support.
As in what kind of support?
Psychological and financial support. Initial years the family will run either on savings or your family.
My parents did it and they weren't around much, which they do regret later in life
I'm trying to learn from their mistakes and making time for people in life
But will working 15-16 hours justify in the name of building something and leaving family