The other day they made a business proposal that I think is too good to be true. In these cases it is always necessary not to get carried away by emotions.
The other day I had a call with a foreign investor. A contact came up through LinkedIn. This fell from the sky practically out of nowhere. We had a meeting, we put on our faces and various topics and business proposals came up. Some of them too good to be true.
Next steps – a first small initiative
How always on these occasions you decide on what the next steps are going to be. In our case, I said that I was going to comment on the issue internally and that next week we were going to propose a first small initiative to start.
My idea is to choose something specific from the wide range of topics that we have discussed. The important thing is that it has to be something that does not take us a long time to carry out to take a small risk in case of wasting time. It is also a good test to see to what extent the investor is really willing to “get wet” and not everything is in words but there are also actions behind.
My strategy –
Since I have been the person contacted, I want to cover my back. I will not invest time and less time if I do not see that the other party is taking the first step. I want to see if the theoretical commitment is expressed in euros.
Even if there is a positive first signal, it will not be enough because it is to be expected that I will react in this way. Therefore, it is necessary to do everything step by step and above all to leave everything written in a legal document.
Little by little we will see if the other party shows that it is trustworthy. “There’s no free meal” as the Americans say. Everything that sounds too good to be true in the end is not or is very different from how it was originally intended. So we will see how the subject evolves. I will tell you.