Is someone pressuring you? š©
One of the 'P's on my red flag series is PRESSURE.
A deal starts to smell not so good if I'm suddenly faced with pressure.
It happens a lot.
'Sign today!' ā±
'We'll need to know by end of play whether you're in'ā±
Or, more subtle, EMOTIONAL pressure š„ŗ (manipulation)
'You're the last piece in the jigsaw!' š§©
'We only want YOU to invest'
š£
So watch out for that red flag š©, it may mean issues with this deal, or the person pitching it!
So when will I invest in this deal?
š When I have all the information I need, and not until then
š When I feel satisfied the developer is in full control of their plans
š When the deal is actually ready to go
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