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This Is How My Mentor Set Up My Wealth | Ep 693
The Game w/ Alex Hormozi
The Importance of Having Cash Reserve for Entrepreneurial Opportunities
Having a cash reserve is crucial for entrepreneurs to seize opportunistic deals. By keeping dry powder on the sidelines, entrepreneurs can easily deploy the funds when lucrative opportunities arise. This readiness enables entrepreneurs to engage in deals that yield substantial returns, such as investing $2.5 million with the prospect of generating $300,000 or $400,000 in just 90 days. Being known for having significant cash reserves attracts investment opportunities, as people approach with funding requests or notes to underwrite. Maintaining a cash reserve provides peace of mind and allows entrepreneurs to capitalize on potential profitable ventures.
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