OPM -- Other People's Money -- is the magical ingredient that builds fortunes out of dreams!  The mistake most people make is to equate OPM with Debt.  That represents a failure of the imagination.  OPM can take on many forms.  It can be EQUITY in the deal.  It can be an Option.  It can be a Management Contract.  It can be Partnership Interests or Stock.  It can be Inventory or personal property, or even toys.  

Continue reading “Understanding Where O.P.M. Is, And Who’s Got It”