Re: Think like a bank
Good question, I would try and think like warren buffet and imagine myself "buying" his business. Would I do it?
Personality: Someone who is really passionate about his own business. Someone that wants to learn as much as possible. To me, I look into someone's eyes to determine the level of passion he has. If I do not feel like he has passion, I won't invest.
Business plan: Must be a very well thought out realistic business plan. Must have 1 year goals that are realistic, must have 2 year goals, must have up to 10 year goals for me to bother looking into.
Character: I want to know what is mission in life is, his purpose for waking up everyday. That is the most important to me. If I know his purpose is strong enough to continue to plow through the bad times, I know my money is safer.
Terms: Depends how risky his business is. I only know real estate and would adjust my terms based on the level of security.
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