September 27, 2010
Should You Try It Alone Or Join a Vulture Fund?
This morning at the health club, I ran into one of my long time friends, and I asked him if what I read in the newspaper was true. The paper reported that the bank where he is chairman was sold to a much larger institution. He confirmed that it's true, and needless to say, a bunch of his cash is going to be made available to him in the near future. I asked him what he planned to do with some of that cash, and he told me he was planning to get into the short-sale game and start finding houses that he could buy, fix, and flip — or hold – depending on the circumstances.
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Filed under Business Growth, Financial News, Growth Minute, Private Equity, Raising Capital, Real Estate by Joel Block
September 22, 2010
Where is Your Horse – In Front of or Behind the Cart?
Real Estate syndication is by far the most profitable aspect of the real estate industry. The reason is that it encompasses all the other areas including brokerage, lending, ownership, management and more. Each month, I host two Q&A teleconferences to help experienced people in the real estate business attain success in syndication. And with every call, I find there are two groups of people. There are those who are properly organized and ready to get started on the right path to real estate syndication. And then there are those who are having trouble getting out of their own way.
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Filed under Business Financing, Growth Minute, Guru Marketing, Private Equity, Raising Capital, Real Estate by Joel Block
September 8, 2010
Thank you and farewell to Matt Zembruski
It is with mixed emotions that I share with you that my longtime colleague, business partner, and friend, Matt Zembruski, is moving on to pursue other goals and dreams for his business career. Matt has been the general manager of Growth-Logic, Inc, also known as Bullseye Capital, for the last six years and his contribution has been immeasurable I am happy for Matt, but consider it a loss because Matt has brainstormed with me; Matt has organized with me; and Matt has helped to lead our company into many of the wonderful programs that have helped so many people over the years.
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accredited investors achieve success build businesses Bulleye Capital Business Growth entrepreneur Joel Block Real Estate real estate syndication successful entrepreneurs zembruskiAugust 31, 2010
Only Your Haircutter Knows For Sure
Today was the one day of the month I go and get a haircut. One of the first things that my haircutter said to me was that his clients have been telling him he needs to get into the real estate short-sale game. When I hear a non-professional tell me that I need to get into the “game,” I know the opportunity for professional buyers is behind us, and it’s time to get out of the game.
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Filed under Financial News, Growth Minute, Private Equity, Raising Capital, Real Estate, Strategic Networking by Joel Block
August 16, 2010
How Intelligent Is Your Business?
I have recently been exposed to a whole new side of business operations and management. This underutilized tool combines accounting, finance, technology and operations. It makes smart companies smarter, and executives across the country and around the world are standing up and taking notice. You need to consider it for your business because being smart means moving fast. And for entrepreneurs, and companies that want to compete like they are entrepreneurs, precisely extracted information means serious business horsepower. What is this new magic bullet? In a phrase, “Business Intelligence."
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accounting Business Intelligence business operations competition data warehouses entrepreneurs inventory management sales and marketing Tooraj KazeminyFiled under Business Growth, Growth Minute, Guru Marketing, Meet My Friend, Real Estate, Strategic Networking, That's Cool by Joel Block
August 9, 2010
These Guys Know Parking
I always recommend that people and companies position themselves as world-class experts (see http://tinyurl.com/2dqrykh). Pick a niche that you can be great at, go after that niche ferociously, and make sure the world knows you're one of the best at the tiny little niche that you have picked. There's more money in niches and it’s the best way to stand out. Unfortunately, many entrepreneurs are nervous to limit the scope of their services because they worry they will miss out on something. But it is well known that you'll make a lot more money in the long run when you specialize, because you will have less competition, better brand recognition, and you will produce better results when you do the work that you are best at. More on These Guys Know Parking
entrepreneurial companies entrepreneurs niche marketingFiled under Business Growth, Creating Buyers, Growth Minute, Guru Marketing, Meet My Friend, That's Cool by Joel Block
August 5, 2010
Should the Concept of Estate Tax Apply to Big Corporations?
The founding fathers of this country, and many of the leaders that followed, watched the wealth accumulated by the early industrialists such as Getty, Rockefeller and Carnegie. Our country’s leaders did not want any person or family to acquire so much wealth that they became more powerful than the government — or so rich that they could challenge it. For this reason, the founders of our taxation system brought this concept to life with the Estate Tax in 1916. In this way, the estate tax, or “anti-accumulation of wealth tax,” keeps us all safe from excessive growth of a small few.
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achieve success build businesses Bulleye Capital Business Financing Business Growth entrepreneurs Joel Block small company taxesAugust 2, 2010
How Do You Pick Properties in an Anomaly Market?
The conditions that real estate is facing right now can only be described as irregular: the free market is not working freely. Banks are holding properties and the Fed has not mandated the sale of these properties. Property owners have lost their equity. Short sales abound and foreclosure is at an all-time high. Turbulence and confusion have created an anomaly market.
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accredited investors Bulleye Capital Growth Minute investment property Joel Block real estate investment real estate syndicationFiled under Business Financing, Business Growth, Financial News, Growth Minute, Private Equity, Raising Capital, Real Estate by Joel Block
July 29, 2010
Can an Imperfect Market Produce Perfect Results?
In economics, it's well known that a perfect market is one in which everybody has access to information instantly, accurately, and uniformly. The closest market in the United States to this is our stock market, where the information flows freely; investors know exactly how securities are priced within moments of the most recent trades. Perfect markets are difficult to beat, and the people who identify and take little pinches of profits call it arbitrage.
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accredited investors achieve success Business Financing Joel Block potential investors Real Estate real estate syndicationJuly 26, 2010
Can Lone Wolves Cooperate?
A few days ago, I shared my view on how entrepreneurs are being squeezed out in this economy - even more so than our bigger company counter-parts who have also been struggling. A lot of people agreed — and a few disagreed – but this topic created a lot of discussion. Now I want to put forth a strategy for entrepreneurs to embrace. One which could help all on line diet of us overcome this mess.
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Bullseye Capital Business Financing Business Growth entrepreneurs Growth Minute Joel Block private equity Raising Capital Real Estate Strategic Networking
