My Uncle Lost $14M by Treating His Business Like His ‘Baby’ — Here’s the Lesson Every Founder Needs to Learn

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When I was growing up, my parents were in the hotel business. In fact, at one point, they owned three hotels. My dad died when I was quite young, and my mother continued operating the hotels. She did well, but she soon realized that the three hotels were too much for her, so she sold two of them.

She proceeded to invest heavily in the remaining hotel. She expanded the dining room and introduced “sizzling steaks,” which were a huge hit at the time. She completely renovated the “tap” room and introduced daily entertainment for the patrons. People were raving about

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