Despite the worsening conditions of our economy, quick-thinking individuals still manage to find success in opening niche, but profitable businesses. These businesses prove not only to be very financially rewarding, but they also have the ability to elevate the status of the people who make the decision to take their life into their own hands.So if you've been feeling like something's not quite right in your career life - or you'd just love to be...more
Sounds too good to be true doesnt it? Believe me its not. I know firsthand its my real life story and now I coach other people to hit goals they never dreamed possible! Herere the facts: In less than a year I went from 0 (actually less than zero, I had debt) to a new sports car, a newly furnished beautiful home, and yes, a trip to Disneyland! Its a very simple method I developed and Im going to give you the Coles notes version to do...more
Due diligence is an essential step in real estate investment. After selecting the property type and geographic location, the investor needs to ascertain he has accurate information regarding the physical asset, financial performance, tenant base and future prospects for the subject property. Due diligence helps the investor accomplish those tasks. Due diligence can provide in-depth data and insights for these areas and mitigate the risk of a real estate investment. The costs associated with due diligence are minimal compared to the costs of making an imprudent investment decision.In addition to investors avoiding unfavorable investments, due diligence can:Enable investors to quickly pass on potential investments which do not merit a complete analysis; Save money and reduce the time an investor spends evaluating a possible investment by more quickly declining an investment which does not fit the investors criteria or that is not consistent with what was presented; and Provide the investor with a better understanding of the benefits, costs, risks and opportunities related to an investment.The financial costs and time expended by the investor and the opportunity cost (of not...more
Truly Great Leaders expect maximum productivity from everyone!In High Performance Teams absenteeism is very low, productivity is high, and people are busy doing what they should be doing to contribute, they are entirely relaxed about the leader and see him or her as part of the team, rather than the Commander.Dictatorial leadership, or assuming the...more
All project management is risk management (Eric Verzuh)Risk management is an essential activity in any project or organisation. Risk is defined by M_o_R (Management of Risk, the OGC risk management methodology) as uncertainty of outcome. A risk manager is concerned with managing the risks (uncertain issues and incidents) that, were they to...more
Every activity and situation carries risks. Whether you are launching a new project, providing ongoing services or heading a strategy for widespread organisational change, thorough and effective management of the risks involved is essential to ensure long-term success.The M_o_R (Management of Risk) methodology, owned by the OGC and administered as a qualification by the APMG, provides a set of principles and generic processes for identifying, analysing and managing the risks that may occur in a business context. This framework is aligned to the other management methodologies associated with the OGC (notable PRINCE2 and MSP), but is design to be used in an organisation or business context.A risk can be defined as an outcome that is uncertain, and that (were it to occur) would affect the aims or outcome of the organisation. Despite popular usage, therefore, a risk does not have to be negative. It is imperative that a risk manager (or, indeed, any kind of manager) knows how to manage both positive and negative risks to the greatest benefit of the organisation.Risks affect every level of activity within an organisation. The M_o_R framework draws attention to four key levels (or...more
Amid the frenzy of homeowners facing foreclosure, potential buyers struggling to obtain loans and banks, lenders and realtors trying to stay afloat, I feel like there are lots of questions that no one is asking! Correction, the regular guy on the...more
As a current or prospective home based business owner, you are no doubt well aware of the value of having a strong product or service to offer. This is true of all home based businesses, whether you are operating an online retail store, a network...more
For many people the thought of using an online e-currency can be a scary thing. We have all heard the horror stories of people being scammed and money being stolen by dishonest companies, but there are some companies out there that have worked hard...more
Are You NutsThat was the response I received from the first client I spoke with a few days after opening our doors for business. The husband and wife were questioning my sanity because I was suggesting that the time was right to be investing in a...more
What comes in to your mind when you mention the word investing? Do you think of putting your money in insurance, mutual funds, the stock market or even high-yield investments? Does it make you think you need to learn how to invest in stocks or real...more
Entity layering is a key concept in risk management. It is like the layers of an onion. The outside of the onion is the toughest layer and there are many layers to the onion. As soon as you peel that first layer back, a chemical reaction begins,...more