Walk Away from Bad Deals…
Ever watch some business owners that seem to get everything right. Regardless of deal they always end up on the winning side. Midas and the Midas touch come to time.
I watched a business owner friend for a few years. It was like he had the Midas touch. Every deal, a winner.
It seemed like every venture he got involved with was successful. This was true with businesses in the continental US as well as in other countries.
How? No one wins every deal, every time.
… I realized his secret was to walk from bad deals. He kept his emotions out of the deal. Just because he could do something, he accepted that he shouldn’t. Unless the odds were stacked in his favor. If he had to compromise to much he walked from the deal.
It was that easy… no ego… no emotional attachment… if the deal was not in his favor he walked….?
? Last deal I watched him do was for $50MM…. he sold a few businesses and then starting doing real estate at a grand scale in Chicago.?
You must walk away from bad deals if you want to be successful.