The starting point of strategic planning is for you to develop absolute clarity about your current situation. Look at your overall business and ask, “What’s working?” and “What’s not working?” in every area.
What is your current level of sales? Break them down by product, product line, service, market, and distribution channel. What exactly are you [...]
Monthly Archives: March 2010
Brutal Business Questions You Should Be Asking Yourself— But Are You?
March 1, 2010 – 4:12 pm
Action vs. Self-Delusion
March 1, 2010 – 4:11 pm
When starting any enterprise or business, whether it is full-time or part-time, we all know the value of having plenty of capital (money). But I bet we both know or at least have heard of people who started with no capital who went on to make fortunes. How? You may ask.
Well, I believe there are [...]
The 7 Deadly Lease Sins
March 1, 2010 – 4:10 pm
Landlords who have gone to court will tell you – there seems to be a bias against them when it comes to lease enforcement.
Sure, it’s not fair, but there is a basis for it: You were the one who provided the lease in the first place. You had the opportunity to get it right.
That’s why [...]
The Top 3 Terms Sellers MUST Know to Negotiate a Lease Option
March 1, 2010 – 4:09 pm
Typically buyers won’t try to negotiate price. They often accept your asking price (which includes a rent-to-own premium) because of the flexibility they receive by doing rent-to-own. However, should a buyer try to negotiate on price (and they will if they read my book, Rent-to-Buy) there are a couple of ways to counter them.
• You want to emphasize [...]
The Last Business Structure You’ll Ever Have
March 1, 2010 – 4:08 pm
A little over 12 years ago, a different type of business structure was authorized in its first state. And, like many things in the tax and legal world, it’s taken a while for it to gain acceptance. That’s because advisors are reluctant to put their clients into business structures until it’s been proven rock solid [...]
The LLC-IRA for Real Estate Investing
March 1, 2010 – 4:07 pm
By now I am sure you’ve heard that it is legal, permissible, and profitable to invest in real estate using your self-directed IRA, SEP, or Roth IRA. If you’ve been using this technique, you know the drawbacks – delays in funding, fees from your custodian, and potential lawsuits against your IRA.
Well, there’s a solution… the [...]
Should I Have a Real Estate License? (A look at a different “model” to work Alexis’ system)
March 1, 2010 – 4:06 pm
This is something that students ask all the time: “Tim, should I get or keep my real estate license? What are the pros and cons?”
Alexis has always taught that it is best to not have a license when working her systems. There are good reasons for this, especially when working mainly the pre-foreclosures (code of [...]
New Investors or Agents: Foreclosure Profits Abound
March 1, 2010 – 4:05 pm
When most people think of foreclosure profits, they imagine fat cat investors with lots of cash buying houses at the auctions or from banks. However, that is not reality. Since I began in the foreclosure business as an agent back in 1983 and then later became an investor in 1992.
I can tell you first hand [...]
Should You Shop Around for Title Insurance?
March 1, 2010 – 11:36 am
Update:Â New Mexico passed a law last year that allows title companies to compete on price, said Morris J. Chavez, superintendent of Insurance for New Mexico. The superintendent now sets a maximum insurance rate and allows competition under that rate. Before the law went into effect in July, the superintendent set a single rate for all [...]
