What Must You Sacrifice to Succeed in Business?

Jack Wong HM
6 min readAug 27, 2021

In order to succeed in business, you must be willing to make sacrifices. When it comes to making sacrifices, my clients and students typically have the following questions:

  • What are the sacrifices that people need to make in business?
  • Why is sacrifice important in business?
  • What does sacrifice mean in business?

In this article, we shall explore these questions, and a few more to make this complete for publishing purposes.

If this sounds good to you, let’s get started!

Question 1: What Does “Sacrifice” Mean in Business?

Some argue that “Sacrifices” are a necessary part of success as it means you truly want something. Others believe there is no point in making these when they will only delay your goal, but if the obstacle pushes you forward instead then maybe this isn’t so bad after all?

In any case, my experience suggests that successful people are not those who give up easily, but rather resolve to work even harder when there is an obstacle preventing them from reaching their goal.

Sacrifice should be viewed as a POSITIVE thing because it can sometimes push you over into new territory or give that extra boost towards success.

Is that much better than you giving up together?

Business can take over your life, but you don’t want to forget about other important things in the process. A balance between business and everything else is necessary if you hope for a sustainable lifestyle that includes both income generation as well as time with friends and family.

Question 2: Why Should I Sacrifice?

Let’s talk about sacrifice by sharing with you my experience in my entrepreneurship journey.

I know that it might not be easy for you to accept sacrifices right now but the truth is — sacrifice is what leads us down our path of success.

I believe one cannot succeed without making sacrifices. Even if things seem like they might work out on their own, most of the time this won’t happen. I have understood that luck doesn’t help me achieve my goals and…

Jack Wong HM

Prof Wong teaches International Tax & Tax Planning in SG & consults in taxation & business matters. He writes on business topics, tax updates, & mindset stuff.