Wealth Management

Voted #6 on Top 100 Family Business influencer on Wealth, Legacy, Finance and Investments: Jacoline Loewen My Amazon Authors' page Twitter:@ jacolineloewen Linkedin: Jacoline Loewen Profile

April 4, 2011

Just plan for the worst...

Bring a compass

"'It's awkward when you have to eat your friends.' That's a cute saying I saw a long time ago, but it's very true. When you're starting out, you have to realize that it is going to be bad and then it will be worse than you think. Be prepared to survive the worst situation you can think of — and then assume that things will in fact get even worse than that. Be prepared — it's much better to have a compass to get out of the woods (just in case) than to have to eat your friend to survive," says Robert Herjavec.
OK - so this is a guy thing. I really liked this point though, the more I thought about it. Robert seems callous but he is right that things will get appallingly bad at the worst possible time. Look at the past three years and the economy. 
Investors already know this. That is why they want to know you, the business owner, and your tenacity. Will you have a compass ready just when we are eyeing up each other to see who we will have to kill to eat. It's nothing personal, bro', it's survival..

Read more in Money Magnet by J B Loewen

No comments: