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 readingHermann says please like and share!