Written by Marc on June 18th, 2008 with 1 comment
I am very thankful that my business has been growing by leaps and bounds lately. In fact, it is nice that I have as much work as I want to do heading into the slow summer season. But the one challenge that I have been facing is the fact that I am having to learn how to manage a larger business.
Take for example the fact that I have two people working for me. Now, that might not seem too hard to manage, but it is the first time that I have ever had employees ever. What makes it even more challenging is that they don’t live in the same city as me at all - in fact, they …
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Written by Marc on June 3rd, 2008 with no comments
Re-read the title. Got it?
Alright. One of the biggest mistakes that you can make in business is to duplicate yourself.
What I mean by this is that if you removed yourself from your business would it be able to exist on its’ own? Well it shouldn’t.
Sure, the day to day operations should be able to work without you at the helm, but it should not be able to completely function on its’ own. Sure, having your business work without you would be nice, but there is one big problem with that:
You risk losing everything.
That’s right, your sales, profits, and even the edge that your business currently has. If there is another company out there that offers …
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Over the past few months, I have seen explosive growth in my business, but I have hit a wall. You see, instead of building my business by creating more websites, I have been just riding the wave of my success. Though that has been great, it is time for me to focus on building my business.
Originally when I quit my day job back in September, my goal was to build web sites and to keep them or sell them based on the income they generated. Sadly, I haven’t sold one site at all.
Also, back in …
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It seems that it has been almost a month since I have written here. It is not that I don’t have anything to say, rather it is because I have been busy that this site has not been updated. What have I been doing that is so important that I don’t update the blog? Read on and see…
Basically for the last month I have been working on a blueprint to get me out of work. You see, my children are getting old (my oldest is just starting kindergarten) and I feel like I am missing their lives. I miss doctor’s appointments, concerts, volunteering at school and church and many other things that just plain suck. So, in essence, my …
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I think the title of this article is self explanatory – at some point your business or organization may need a joint venture partner. Why? Below are four common reasons why you might want a joint venture partner:
Lack of Expertise
You may have good skills but are lacking in certain areas. In my case, I am good at seeing the big picture and designing websites, but I lack content creation skills. So, I went out an found someone to partner with who excels at writing and complements my skill set.
Lack of Capital
Perhaps you have some inside information on where to get a screaming real estate investment deal but don’t have the money to take advantage of your good fortune. If you …
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Now, this may seem a little weird for a business opportunity blog, but it is something I suffer from. Fear of success? Is that possible? Yes it is.
What is the fear of success?
Some of the symptoms of the fear of success are:
Written by Marc on June 5th, 2007 with no comments
According to the semi-annual Metro Monitor published by CIBC World Markets, Saskatoon has the strongest housing resale market in Canada. In fact, according to their report, both Saskatoon and Regina are sixth and seventh rated cities based on economic momentum.
The labor market in Saskatoon is also the strongest in the country, with Saskatoon posting the greatest percentage increase in employment numbers in the country.
What does this mean to a real estate investor or entrepreneur?
One word: opportunity. With more people buying real estate, it is a good market for flipping homes. According to sales in the MLS (multiple listing service), the average home price in May was $233,197 CDN compared to $220,682 CDN just one month ago. …
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Written by Marc on June 3rd, 2007 with no comments
If any of you have played the board game Monopoly from Milton Bradley, you will understand the title of this post. To give a simple explanation of this strategy, look at this list:
- Buy some properties
- Collect rent
- Build houses
- Collect more rent
- Trade four houses for one red hotel
- Repeat
This is a great analogy for life in business. Start small, reinvest, and grow. If you follow this simple strategy, you can and should excel in business and investing. This can apply for online and offline businesses, and real estate investing.
This is also good motivation for those of you just starting out: even if you are starting small, you can become …
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Written by Marc on May 15th, 2007 with no comments
Groan. I know some of you don’t really care for the whole reading thing, but make a point of reading what is below this introduction.
If you want to succeed and exceed the success of your peers, you need to learn something new everyday. I am not talking about a large amount of time to invest, rather just be consistent. Learning can also include listening to a book on tape, attending a seminar, or just reading a book.
Spending time each day learning may not seem to mean a lot but consider this: the days add up in a year. For example consider that Jack and Jane are friends. The difference between them is Jane spends time each day (about twenty …
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If you are unfamiliar with owning a website, it is worth taking a look. Websites cost as little as $0.99 at the moment, which would mean that you would have to go without your morning coffee to try your hand at being a webmaster.
Obviously, $0.99 doesn’t cover the development, marketing, or maintenance of your website. None the less, if nine out of ten businesses fail in the first year, it would cost under ten dollars to get a website that would succeed (provided the odds work out as they should.)
Chances are that you could recoup your initial investment during the year. Recently I crunched some numbers regarding a website project I was considering and my daily costs just …
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