Ep. 106 - Prepare Or Die In Business and Life

Have you ever had a good business opportunity pass you by because you weren’t prepared? Or what about a killer deal on a house but didn’t have everything together to pull the financing together? I’ve certainly had some opportunities slip by because I wasn’t prepared.

I often hear, “when the opportunity arrives, then I’ll get everything ready.” Unfortunately, many times those opportunities have expiration dates. You need to be prepared to jump on it or it will go to someone else. 

You need to be prepared so that you can take advantage of the opportunity. There are plenty of sports examples like the recent Kentucky Derby winner, Rich Strike, or Kurt Warner coming in to replace the injured first string QB. They both prepared in advance of the opportunity. 

Take a listen to this episode as we discuss the opportunities lost and how you can be prepared for the next big chance. 

Also, as a thank you, we want to give you this free guide on balancing business and marriage better. Click the link and download now. https://www.powercouplesbydesign.com/balance-business-marriage-better 

Key Takeaways:

• Rich Strike - 80-1 Wasn’t racing til the morning before. Only won once before.

• Bought for $30k

• 23 horses killed in a fire

• Preparing after the opportunity arises could be too late

• Preparation

  • Legal entity

  • Bank accounts

  • Buying equipment

  • Finding a co-packer or commercial kitchen

  • Insurance/ certificates/ resell license

  • Training

  • A plan

  • Research

• Things you can do

  • Research

  • Build a plan

  • Inexpensive purchases like domain names

  • Get a rendering for restaurant expansion

  • Prepare for after the book tour

  • Plan to take advantage of the opportunity

  • Prepare to move

  • Get over the fear