August 2010

August 31, 2010

Only Your Haircutter Knows For Sure

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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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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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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

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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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August 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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