I had the opportunity to invest in a bar in Mexico. I believed in the two guys that were starting the business and was offered 15% for 20K $US. I didn’t have cash the to buy, but I could have borrowed it privately.
There were a lot of risks in this scenario. Losing my job and not being able to pay back my loan. Being stretched even thinner financially. The business could have failed. Endless reasons not to take a chance. In it’s favor was my belief that owning a business is an important pillar in my quest for financial sovereignty. Also I knew the guys involved and believed they had the ability to succeed. Thirdly it was a learning opportunity.
The deal fell through because they never raised enough capital. Clearly not enough people interpreted the risk/reward ratio the same way I did. But in my opinion the moment you stop taking calculated risks you abdicate the incredible palate of possible futures you can eek during your limited existance.
Failure is how we learn. Embrace it.
I did end up learning a few things I find quite valuable. As I saw the business plan evolving I realized that it’s really just an attempt to create an argument that is convincing enough to get others to buy into your vision. Would I have learned that in school? Maybe. I also learned that I could get others to invest money in my business. Until now I had only considered banks.
Anyone want to invest in a Music Studio/Bar/Hostel for Wayward Girls? ; )
It’s going to happen. Something is going to happen.
Sometimes your only available transportation is a leap of faith-Margaret Shepherd