As a business owner, keeping these three words in mind is a must in my opinion. I don’t know if it’s just me or if it’s human nature but a lot of times, whenever I hear about an opportunity (domain sale or acquisition, business, offline investment, you name it), I tend to be pretty excited initially.
A lot of times, I think you initially perceive the opportunity in question to be better than it actually is.
Sleep on it.
If it still seems like a good deal the next day, great.
If not, c’est la vie.
I’m not saying there aren’t situations when you have to make quick decisions but for all of the other scenarios, “sleep on it” are three words you shouldn’t forget.