I understand.
Acquiring Minds
Buying a Business to Balance Ambition and Kids
Excerpts · 475 segments · ~1:45:34 long
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And so there are a lot of people in the, in the ecosystem, vendors and so on who will say you got to push through that. And the best antidote to pushing through it is just to do it. Send out some. Lois, if they're imperfect, they'll be, they'll be rejected.
And it's not, it's, it's not a document that you're committing to. There's no, it's not legally binding is that phrase. So there's really low, very little risk and a lot to learn and most importantly, getting over that psychological hump.
So really great to hear that. That prescription you took to heart. You did and it paid and it, and it paid better. Paid, paid dividends for you.
Yeah.
On the, your diligencing and how you did that. So I wasn't, I, I thought you were going to say you basically diligence the whole deal yourself and I was going to, I was going to ask you about the wisdom of that, reflecting back on it. What you did was as much of your own diligence, trying, if, correct me if I get this wrong, you were doing your own diligence, proof of cash, even legal diligence,…
And when it got past those gates, only then were you going to deploy more of your personal cash into this in the form of a property Q of E that you paid for some 10 or $25,000. And legal diligence, Right, so far?
Yes. Correct.
Great. Great.
Yes.
So that was that. It's just a really wise way to do that, especially if you're tight on cash diligence as much as you can, try to kill the deal. But if it passes your own amateur, no offense, but frankly, amateur diligence.
Yeah, absolutely.
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