Day 1: Starting My New Business

So last time I wrote the deal had fallen apart. I went back and read some emails and here’s what I found:

  • Sight Unseen: I wasn’t able to see the living space in person or in pictures (it was rented, no photos) so that slowed me down from offering full price immediately. 13 days, to be more exact. I did see the warehouse and offices (in dark/hot, no utilities).
  • Another Offer: I was told the buyer was considering another offer ~1 day before the owner decided, which I didn’t believe because the business had been unoccupied for ~10 years and it seemed like a negotiating tactic.
  • Kaboom: I then got a brief email saying the property had been sold to someone else. The deal blew up.

This was only one of the things that went wrong at the time, and it really took the wind out of my sails. I didn’t have the energy to aggressively look for another place and the ones I found did not meet the criteria at all. Did they sell it to family? Why now, not anytime in the last 10 years? What the hell happened?

I believe sometimes the universe throws you roadblocks because you’re not supposed to do something at that time. Perhaps this wasn’t what I was supposed to do.

I had to resist all temptation to vent my anger and frustration at the people involved in the deal. I felt jerked around but I tried to stay professional. I thanked people for their time and asked them to keep me in mind for future deals.

A New Hope

3 months go by. I get an email. The prior deal fell through.

WHAT?

Gametime.

Some people would probably say since you were screwed around last time you should lower your offer substantially. I didn’t. My goal is to be easy to do business with and always keep moving on to something productive. The less I pay attorneys, the better.

In return, I was able to structure a fairly unique deal. It was still a full price, but it left me flexibility to 1) line up financing and 2) start using the offices and warehouse.

So I went back to that same lease form, added a few addendums, cut some checks, and was off to the races. More to come.

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