Introduction
As is the case with all decisions, there are do‘s and dont’s here as well:
- Success factors of private investors (usually with managerial experience)
- Feeling for economic developments
- Negotiating skills
- Assertiveness
- Local knowledge
- Network to decision-makers in politics, administration and trade and industry
- Contribution of own financial standing
- Possibility of financing from own funds
- Flexibility
- Problem areas of private investment activity
- Often no sparring partner on an equal footing
- Impervious to success over time
- Formulas for success cannot be applied across the board
- Opportunistic approach
- Unclear aims
- No investment strategy
- Sensible approach to property taxes
- Overweighting of taxes
- No investment analysis
- Inadequate controlling
- No risk management
- No exit strategy
Attention must accordingly be paid to the following items:
