Last month, I told you about a commercial opportunity in Cameron. Putting a commercial deal together takes a lot of time and effort…not to mention money. I’ve seen an “exploratory committee” spend as much as $20-thousand on due diligence before deciding to abandon a deal.
Luckily, I haven’t had to spend that much money, mainly because I wasn’t going to spend on things like asbestos studies, inspections, architects, and so on until I was certain this was a viable deal. While I haven’t spent a lot of money, I have spent a lot of time—more than 150 hours of my time and a good chunk of other people’s time.
Time is money. There’s even a formula called the “time value of money.” While that formula means something else entirely, my time has value! Would you like to know the result of this investment? Continue reading