Tuesday, July 01, 2003

FOCUS ON BUSINESS It bears repeating that the most successful entrepreneurs and CEOs are those who are able to focus on the substantive business transaction, and not on the procedural issues involved. Sure, it's important for the businessman to understand the mechanics of a legal document, but only insofar as those mechanics effect the underlying business deal. And never get hung up over the failure of the other side of the deal, be it a lender, borrower, buyer or seller, to follow all of the procedural details if you're not prejudiced thereby and the other side has since come into compliance. That's the path to the destruction of the relationship.


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