Learn about business opportunities, business ideas, and real estate investing here at Bizops.ca. We take a look at these topics and put a Canadian spin on them on this business opportunities blog.
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Written by Marc on March 12th, 2007
Some people consider real estate investing risky. Others consider it crazy. If you want to minimize your risk consider investing in multi-unit rental properties.
Why multi-unit rental properties?
1. Consistent rental income
If you are renting out a multi-unit building, chances are that at any given point it will not be completely vacant. Sure, some of the units may have no tenants, but you will still be getting rental income from some of the units. Compared to a single unit rental property (if you have no tenants, there is no rent collected) this should minimize the risk and the carrying costs should one of the units be empty. If you factored in some vacancy allowance into your initial calculations before purchasing the property, you should still make money when some of it is vacant.
2. Ease of renovations
With a single unit property, if you would like to …
Read more articles on Real Estate Investing.
Written by Marc on March 10th, 2007
As a business owner or entrepreneur, you hire employees to do a good job and help free up your time to make more money. From time to time, you may hire or promote someone that cannot perform their duties appropriately, or lack the competence for the position they have been assigned.
This lack of competence can affect your bottom line by lost sales, lost profit, and customer dissatisfaction. As soon as this problem has been identified, it must be dealt with immediately: either through retraining or job reassignment (through possible demotion or termination.)
An Example of the Cost of Job Competence:
Consider that you own a computer store. A customer decides to purchase a laptop. Arriving at the till, your employee tells the customer that you don?t have anymore in stock, and they can buy the display model. They receive a discount on the display (resulting …
Read more articles on Business Management and Entrepreneur.
Written by Marc on March 8th, 2007
If you are looking for online resources to find homes for sale in Canada, or real estate for sale in Saskatoon (my home town), you should take a look at the following sites:
- Multiple listing service
Here you can find residential homes for sale in Canada. They show the price, some pictures, and also provide you with contact information regarding the realtor in charge of marketing the propery. It is a good place to start.
- Canadian Commercial Property Listings
Here you can find commercial real estate properties such as appartments, businesses, commercial buildings and office space. Just like MLS.ca, they provide some details, price, and contact information for the realtor of the property.
- Sask Houses
You can find homes for sale by owner at SaskHouses.com in Saskatchewan. Usually you can see pictures, and details corresponding to the properties for sale. Also included is the contact information for the …
Read more articles on Real Estate Investing and Real Estate Resources.
Written by Marc on March 6th, 2007
Up here in Canada, I can only think of one internet guru that has influenced my internet career: Gauher Chaudhry. You may have heard of his e-zine: Cool Cash Ezine. I have been reading (and now listening as it has gone into audio format) his e-zine for the last six years. Anyways, I am excited as he has launched a new free report about earning online called: The Science of Getting Rich Online.
Usually something that is free online is not really worth the read. But as I read through the fifty two pages, I definitely picked up some good advice regarding site promotion, increasing the income of my websites, and some of the better ways to make money online. It is geared towards those new to earning money online as well as to people that have been earning online for awhile.
Speaking of making money …
Read more articles on Business Opportunities and Entrepreneur and Online Opportunities.
Written by Marc on March 6th, 2007
Like most people, you may leave your computer turned on all day, everyday of the week. Now, every minute your computer is turned on, it is using power and costing you money. What if there was a way to have your computer pay for itself to be on, or at least help paying the power bill or your internet bill? You should join the Gomez Peer program.
Gomez peer is a company that pays you to keep your computer on. All you have to do is be connected to the internet and install their software on your machine. Their company does internet performance monitoring and pays you for the time they use of your idle processing power of your computer. You can make up to $45.00 US per month which would pay most people?s power or internet for their computer. Check them out, signup …
Read more articles on Online Opportunities.
Written by Marc on March 6th, 2007
If you are like me, married with kids, you know that going out sometimes can be a chore. It is not like the ?old? days where you just got up and went out. Now, before you go out, you have to consider how long you are going out and who you are going to get to watch your kids. This means that you are less likely to ever go out on the spur of a moment, and will reduce the number of times that you go out.
As a business owner, the less people that come to your business and use your services, the less money you make. If you want to attract a larger customer base by making their visit and outing easier, consider providing a daycare service.
A good example would be a movie theatre that provided a daycare service. Now parents could …
Read more articles on Business Ideas and Business Opportunities.
Written by Marc on March 1st, 2007
In order to succeed in any business, whether online or offline, and entrepreneur needs a core set of skills. Most people will excel in some of these five areas, whereas there will be some struggle in other skill areas. It is important to develop all these skill areas if you would like to see success in business. If you are weak in any of these skill areas, you should make a point of improving the skill through training, books, courses, etc. The list of the five essential skills for an entrepreneur are as follows:
1. Basic money-management skills
Even though you do not necessarily require a lot of money to start a business, you need to know how to get the most of every dollar you have. You need to focus on the bottom line and pay attention to the numbers. This is an important factor regarding …
Read more articles on Entrepreneur.
Written by Marc on March 1st, 2007
Have you ever looked in the paper, online, or at a realtor at real estate listings and were unsure which ones would be a valuable investment? Usually, the only way to tell if you will get a good return on your investment is to crunch some numbers and determine if the property will have a positive or negative cash flow. Use this quick property analysis method to narrow your search to good investment property candidates.
Basically, the whole purpose of this test is to separate the properties that should have a positive cash flow (make you money) from those properties that have negative cash flow (cost you money). It will eliminate some of the good ones, but it will give you an excellent list of good properties to invest in. Just follow the simple steps laid out below:
- Find out what the current rent that is collected …
Read more articles on Real Estate Investing.
Written by Marc on March 1st, 2007
Want to make a lot of passive income(income that you don’t physically have to work for) ?? Well then real estate investing is for you.? By owning rental properties, you can get a paycheck every month without lifting a finger.? It is also a great opportunity to leverage your money – the use of a small initial investment, credit, or borrowed funds to gain a very high return in relation to one’s investment.? If you want to get rich, this is the way to go.
But I don’t want to fix a broken toilet!
If you do it right, you don’t have to.? That is what your property management company is for.? If you hire a property management company to manage your properties, the day to day maintenance, the tenant problems, and the rent collection is all handled for you.? You just receive a cheque at the end of the month, that’s …
Read more articles on Real Estate Investing.