Adopting an Investor’s Mindset: 5 Pillars to Follow

Several years ago, I invested in a business with someone who was my best friend at the time. It all started with a lot of excitement and dreams of how we were going to change the world together.

As time progressed, reality set in. The idea was great, but the financial return wasn’t there. My best friend worked incredibly hard but just didn’t have the right skill set the business demanded. We weren’t aligned on my engagement, particularly as I saw the financial demands of the business exceed my willingness to provide. I ended up shutting off funding, the business failed, and I lost a friend.

Ah, the naivete.

Read more at ProjectManagement.com.