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Updated over 5 years ago,
PROFIT AT PURCHASE IS ESSENTIAL TO THE SUCCESS OF THE DEAL!
Being in a position of not having funds readily available has created a great opportunity to gain knowledge before JUMPING IN! My personality WAS high risk and go. Now its in ZEN mode for learning, listening and building a foundation for my future process, building my team and hopefully seeing success in the end.
Reading the "Ultimate Guide" soaking up the "20,000 Foot' view! Wanted to share one piece of that with which I think has been the most valuable so far.
PROFIT AT PURCHASE!!!
Profit @ purchase +/- speculation(unknown variable of future) = GREAT DEAL!
Speculation(unknown variable of future) deciding the purchase +/- Profit @ Purchase = HIGH RISK VENTURE for the experienced and/or inexperienced
The art of ANALYZING THE DEAL with accuracy and based on knowledge and mixed in with experience is one very important aspect of your process that you must spend great time on honing and developing. If you don't profit at the purchase THE DEAL IS DEAD BEFORE YOU GET TO THE EXIT!