While it is okay to fail, it’s still important to make sure the money side of your business is being managed effectively. How can you put your finances in order? How should you approach potential partners for your business?
On this episode, real estate investor and host of the Flip Talk podcast, Don Costa, shares his secrets to success.
Watch the Full Episode:
You have to have a mindset of control. -Don Costa
Three Takeaways
Failure isn’t the end
We won’t always make the right decisions in our business, but remember that even the most successful business owners have failed along the way. Don’t let fear of failure discourage you.
Money is all around you
There is no shortage of money available. To get it, you need to be telling people about what you’re doing. Make sure people know you’re open for business.
Know when to say no
Don’t take any opportunity purely because someone is offering you money. Make sure all potential partners are a good fit for you. When you’re upfront about your criteria and everything is in alignment, those same partners will jump at the opportunity to work with you.
Something that holds most business owners back is the belief that there is a shortage of money. Because of this misconception, there are times when entrepreneurs will take on work they shouldn’t, or spend their time asking for money. Don’t fall into this trap. Enter all opportunities with the knowledge that you bring value to the table, and will find the right partner or investor for you.
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