For Subscribers

What's Your Hurry?

Don't rush into a deal you might regret. Slow down, step back and climb high to get the big picture first.

By Marc Diener

Opinions expressed by Entrepreneur contributors are their own.

Like a fire, a deal can start in many ways. You may have aproblem to solve, money to invest, expertise to sell or an empireto build. Whether you're looking for it, or it's lookingfor you; and no matter how exciting, scary, aggravating andwonderful it seems, there's one thing you must always do first:Slow down, and think about what you're doing!

This may seem trite. But when a deal seems right, there is anatural tendency to jump in too fast, even for the most experienceddeal-maker. And when a deal is wrong, your sleazier opponents willrush you mercilessly, knowing full well that your second thoughtcould be their third strike. In deal-making, haste leaves big wasteall around the bargaining table. There is no person on the planetwho has not made a deal too quickly and later lived to regret it. Iguarantee it.

Continue reading this article — and all of our other premium content with Entrepreneur+

For just $5, you can get unlimited access to all Entrepreneur’s premium content. You’ll find:

  • Digestible insight on how to be a better entrepreneur and leader
  • Lessons for starting and growing a business from our expert network of CEOs and founders
  • Meaningful content to help you make sharper decisions
  • Business and life hacks to help you stay ahead of the curve

Related Topics

Editor's Pick

Have More Responsibilities at Work, But No Pay Bump? Use This Script to Get the Raise You Deserve.
Black and Asian Founders Face Opposition at All Levels — Here's Why That Has to Change
Living

The Surprising Election Issues Working Families Care About Most

These concerns come before covering health expenses and college tuition, according to a survey by online parenting community Fatherly.

Business Ideas

55 Small Business Ideas To Start Right Now

To start one of these home-based businesses, you don't need a lot of funding -- just energy, passion and the drive to succeed.

Thought Leaders

5 Small Daily Habits Self-Made Millionaires Use to Grow Their Wealth

We've all seen what self-made millionaires look like on TV, but it's a lot more subtle than that. Brian Tracy researched what small daily habits these successful entrepreneurs adopted on their journey from rags to riches.