The deal is dead so I guess I can write about it. The deal I wanted to wrap up in 2020 with a pretty bow is in the toilet. Gone just like that.
Instead of celebrating the new deal in my portfolio, I am reviewing how it got squashed. It wasn’t just squashed once. It was squashed many times. Why? No lenders want to take a risk in this particular industry thanks to COVID.
Despite a rocking year of financials and long standing history, the market is considered volatile. This is crazy to me because the housing market is booming. Lenders will lend people money for a $400,000.00 home but they can lose their job just like that. As an entrepreneur you need to make things work, not just collect a paycheck.
For this deal I was willing to bet my blood, sweat and tears on an opportunity that is solid and immediately generating revenue but that’s too risky for the stuffy bankers in their suits and ties.
This is just an example of what’s wrong with today. It’s okay for me. I have other irons in the fire so I’m going to keep on fighting and maybe revisit that opportunity later. Maybe later I won’t want the deal because I wanted it when others saw the odds were down. I like the underdog shots. The come-from-nowhere wins. The opportunities others will toss to the side because it takes grit to get the outcome desired.
For now I’ll watch. I’ll listen. I’ll soak in the experience. I mean I do say you have get some nos before you get the yes. I also believe in karma, timing and gut feelings.
In my gut I know when the time is right for me, the deal of a lifetime will pass by and I’ll be ready to sink my teeth in. For now I’ll wait. I’ll watch. I’ll learn. I’ll keep putting those coins in the piggy bank so I’m ready when opportunity comes knocking.
Can you say Corona has put up a wall for you in 2020? How did you handle your challenge(s)? What, if anything, are you doing now to be ready for traversing the wall. Hopefully your wall is just temporary like mine.
A new day. A new opportunity to get better. Moving on to greener pastures. A little farewell to bankers. I’ll don’t like government loans anyway. I’d rather start with a $20 bill and see how much I grow it.
Starting something from nothing is far more gratifying but not for the weak. Maybe you now know something about me. I will always be chasing the next version of me.