You don’t have to bring money to a deal

Last year, I was approached by an acquaintance to get involved in an oil exploration startup company. In order to be part of the group, I would have to bring something to the table.  At this point, many people may think it would have to be money. This can be one requirement in any business or real estate deal, but that was not what I was bringing to the table. I was offering my knowledge and experience of production and revenue accounting in Calgary’s oil and gas sector. Alberta has a world class energy industry and the skills I have learned over the years can be applied universally. My acquaintance’s deal involves oil wells in the United Arab Emirates and my skills could definitely have applications at some point in lieu of cash.

When involved in a real estate deal, you can bring your knowledge, time, expertise or any other item of value to complete a transaction. It may or may not be money just as long as it moves a project towards completion.