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Navneet Chaudhary

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ABC • 1y

When everyone wishes to start a startup to move out of the "slavery" of a job, they often ignore conventional businesses, which are tried and tested. While these may not make them billionaires, they serve the purpose of escaping the job trap. They don't have to worry about raising funding for their startup but, in this way, they change nothing—they are still working for the investor. In the book Dhandho by Mohnish Pabrai, the power of conventional business is highlighted, showing how the Patel community became dominant players in the hotel industry in the US. This community's approach demonstrates that taking a lot of risks is not always a smart move when a conventional business can make money for you. Isn't that right?

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