As an entrepreneur, you’re always looking out for the next investment opportunity. However, not every investment opportunity is equal.
Knowing when to walk away from a deal is just as important as knowing when to invest. Here are a few signs it may be time to walk away from an opportunity.
Missing details
There is often more to investment opportunities than meets the eye. A project may be presented as a sure thing. The seller may have guaranteed you that there is a market willing to buy the product or services on offer.
Nonetheless, what does the research say? What groundwork has the seller put in? If there is any caginess over sharing details with you or lack of preparation, it may be time to walk away.
Too good to be true
When it comes to investments, it’s important to trust your intuition. There are very few avenues that lead to making a lot of money quickly without any effort. If the investment on offer sounds far too good to be true, then it probably is.
Limited time only
Another factor to be wary of is if the offer presented to you is time-sensitive. Any investment is a significant decision that requires due diligence. You should never be rushed into investing.
If you are told something like, “I’m only holding the opening for 24 hours”, then this could be a scam. You should never feel rushed into parting with your hard-earned case.
If you’ve been coerced into making an inappropriate investment, you do have options. Seeking legal guidance to assess these in more detail can be helpful.
