Storage Wins EP245: Before Getting into a Deal, Calculate the Headache Factor
Alex was presented with a really good money-making opportunity, but he had to stop himself before he could take it on. Why? Because money isn't everything and it shouldn't distract you from your bigger picture, from your vision. Alex shares examples of why you need to slow down, practice patience, and really — THINK — things through before jumping on the money.
Key Takeaways:
- Do you make decisions based on how much money you're going to make?
- Alex shares an example of choosing your opportunities based on the amount of money you think it might generate.
- Today, Alex filters his opportunities through a different decision-making process.
- What's the headache factor going to look like?
- Are you going in a million different directions?
- Alex found himself almost making a bad decision based on seeing a new 'opportunity' come up on his horizon. Bad idea!
- We want the microwave result, but what we really need is patience.
- There are some cases where you need to go slow. Jogging or running isn't the ideal pace to handle certain things.
Mentioned in This Episode:
Feel free to connect with Alex about doing a JV! Email him at alex@flipempire.com
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Tweetables:
"Does this fit my vision? Is this alignment with what my goals are?"
"If you're jumping at every opportunity that gets in front of you, my guess is you're not focused."
"Why walk when you can run or jog? But sometimes, that's not the best pace."
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