Conference Room, Montecito Royal Hawaiian Villas, Thursday
On paper, it seemed like a great idea. Cooper wanted to expand the Montecito brand of resorts and a small property on the Big Island happened to go up for sale. All that Mike and his finance people had to do was make an offer.
Unfortunately, they had very different opinions. One felt that they should be conservative and valued the property at just under $1 million. The other thought that they should aggressively pursue the opportunity and make an offer of $2 million. And neither of them were willing to budge on their estimates.
After an hour of having to listen to their arguments, Mike wasn't sure if compromise was even possible. "$1.5 million," he announced, cutting off one of the finance guys in mid-sentence. "Either we go with $1.5 million and make an offer, or we're not acquiring this property. You have 5 minutes to sign off on it and meet me at the tiki bar, or else you might as well head to the airport." And with that, he stood up and left the room.
Sure, Mike doubted himself for a minute or two. But when both finance guys showed up before Mike had a chance to order a daiquiri, he knew that he made the right decision.
[NFB, NFI, OOC comments are love. If only it was this easy to settle the arguments that my project team has...]
Unfortunately, they had very different opinions. One felt that they should be conservative and valued the property at just under $1 million. The other thought that they should aggressively pursue the opportunity and make an offer of $2 million. And neither of them were willing to budge on their estimates.
After an hour of having to listen to their arguments, Mike wasn't sure if compromise was even possible. "$1.5 million," he announced, cutting off one of the finance guys in mid-sentence. "Either we go with $1.5 million and make an offer, or we're not acquiring this property. You have 5 minutes to sign off on it and meet me at the tiki bar, or else you might as well head to the airport." And with that, he stood up and left the room.
Sure, Mike doubted himself for a minute or two. But when both finance guys showed up before Mike had a chance to order a daiquiri, he knew that he made the right decision.
[NFB, NFI, OOC comments are love. If only it was this easy to settle the arguments that my project team has...]