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Robert Kiyosaki once said that every day is filled with defining moments. And that’s absolutely true. From the moment we wake up, we define ourselves when we decide to get up and exercise or sleep an extra half hour. We define ourselves when we call in sick even though we could go to work. We define ourselves when we choose our company to our family. We define ourselves when we watch television instead of reading a book on business or investing. We define ourselves when we turn our money over to a mutual fund to invest for us instead of learning how to invest by ourselves. We define ourselves when we choose social media to improve ourselves. You’ve already had a few defining moments today. What you choose from now on… it’s up to you. But now, I hope that you are conscious of every decision you make. What would you do with the link below? ​Even you can make money in Real Estate. ​ PD 1: If you liked this email, don't keep it in secret and forward it to a friend. They will thank you enormously one day. PD 2: If somebody has sent you this email and you want to receive emails like this yourself, visit vicentevalencia.com PD 3: If you want unsubscribe, click the link below. |
Vicente Valencia
Weekly insights on how to perform when it matters | High-stakes decisions. Real situations. No BS. | 👇JOIN +2k readers 👇
A few months ago, a SPV CEO called me about a contractual letter. It was almost ready to go. The lawyers had reviewed it. The board gave the blessing. Everyone seemed comfortable. But when I read it, I saw one small problem. The SPV was giving away a position worth a lot of money, and take additional risks. Look. Nobody in that team was incompetent. They simply hadn’t seen that situation before. They could not imagine in their head was the CJV was going to say and do. They were not putting...
“Operations are fine”, they said. Reports are produced. Meetings happen. Budgets are updated. And, little by little, budgets are not respected. A KPI deduction is untransferable. The client gives up trying to agree a Change Notice with the Project and call other contractors. Relationships are not that great anymore. An unresolved and relatively small claim becomes the common theme anytime the SPV meets with CJV… Value disappears… silently. One year after the other. Costs unchallenged....
A few days ago, I heard that NZ Transport Agency was withdrawing route protection for Auckland’s East West Link. What a pity. For those that don’t know… that was a multibillion-dollar project. And the infrastructure is really needed. Now… The money, time and effort already invested are gone. But that’s not only bad for the millions of taxpayers’ money wasted. It also sends the market a clear message: Don’t trust the pipeline. I bring this example, because governments want to build...