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SteveO, look here

Discussion in 'General Entrepreneur Discussion' started by Sid23, Oct 30, 2007.

  1. Sid23
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    Sid23 Bronze Contributor

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    Steve,

    I was going to send you a PM to discuss this, but I thought it might help others who may face a similar valuation situation now or in the future to read our discussion.

    You and I have discussed the differences between real estate development and value-play acquisition in detail and you've suggested I take some time and determine which route would get me to my goals faster.

    In short, how would I do that?

    I've been examining my opportunity at my current spot under a microscope lately, and its not looking as rosy as it did at first glance. I'm interested to hear how you would suggest evaluating the two roads ahead of me.

    As always, my sincerest thanks.
     
  2. JScott
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    JScott Legendary Contributor FASTLANE INSIDER Speedway Pass LEGENDARY CONTRIBUTOR

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    Perhaps I'm going to sound like a broken record with my BP suggestions, but I would recommend writing two business plans -- one for the value play plan and one for the development plan.

    As you're writing the plans, lay out the reasons for each, the goals, the challenges, the questions, and the financial estimates.

    Hopefully, by the time you are done, one will clearly stand out as the way to go...
     
  3. Sid23
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    Sid23 Bronze Contributor

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    Jscott, good idea.
     

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