What’s Your Threshold?

I eat too fast.  It is a horrible habit, which I am working on because I want to enjoy my meal, taste the flavor and ideally, not choke.  With business decisions many people have the same habit.  Say yes, sign the contract in a hurry.

Like food though, you want to be able to reap the rewards, and well, not choke.

My first question when reviewing a contract when there is ongoing payment involved is to ask, “What is your threshold?”

What is the amount of money you can comfortably risk? 

Ideally, the thought is that you want to take away more than your investment, but what if you lose that amount?  Set your marker—I believe in taking risks, but they should always be calculated.

Enjoy your food and enjoy your contracts.