Paying Attention is the Best Investment
In all your business dealings with others, the most important trait you can exhibit for long term success is the ability to make a certain kind of payment that seems to be in short supply in the world today: the ability to pay attention. So many people are fast-tracked into financial deals on word of mouth recommendations from friends and family members that they end up losing their shirts after the start up they have invested in collapses, usually less than two years later. One of the best things a person can do is to pay close...
read moreTaking Investments
Taking an investment in anything can get a bit dramatic depending on what the investment is in. The easiest way to handle taking investments in someone or something you think will be a great venture for your business is a simple formula. Never go with anything that doesn’t fit the formula or better below: Money you are Expected to make must be ≥ 3(cost + startup) If you meet that formula then absolutely go for the investment. If you fall below even by a little then don’t try it. A lot of time and effort goes into an investment...
read more