Oct. 28, 2020

Mailbox...How Much Money Should I Be Willing To Lose?

Mailbox...How Much Money Should I Be Willing To Lose?

I get asked a lot about losing money in buying a business. It’s never the goal and never a way to approach anything. Each opportunity is unique and here are a few things to think about to hedge your bets.

 

Do a deep reflection on the following points.

 

  • Risk Tolerance
  • Size of Deal
  • Your Current Skill Sets

 

Episode Resources