Author Archive

Developing A Bullet-Proof Plan To Succeed

July 1, 2009

daily plannerWhether you specialize in commercial or residential real estate you face significant challenges and obstacles every day. How can you meet the challenges head-on and overcome the obstacles to get what you want?

First of all, let’s agree that it isn’t easy. Don’t make the mistake of underestimating the difficulty of time management, prospecting and follow-up. However, it can be done. You can take control of your real estate career and achieve the very goals that brought you to real estate. The formula for success can be divided into three basic parts.

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Franchises Provide Significant Opportunity

June 17, 2009

business ownerFranchises are everywhere today and provide extraordinary opportunity for individuals seeking business ownership and for Realtors® wanting to assist buyers and sellers. Some examples of the franchising impact on a global basis include McDonalds and Subway with over 31,000 locations and 7-Eleven with over 30,000 locations. 

McDonalds has franchises in 119 countries making one wonder; who on earth hasn’t had a Big Mac and fries? Virtually any concept you can imagine is offered as a franchise. So what, you might ask, makes a franchise business so desirable? A recent ad in Business Week succinctly states the conventional wisdom on the risk involved in entering self-employment by purchasing a franchise: “A franchisee has a four times greater chance to succeed than an entrepreneur who launches a new independent business.”

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If At First You Don’t Succeed… Try Something Different

June 12, 2009

SuccessFailureI sometimes hear from commercial and business brokerage agents about the lack of opportunity or that they are not making as much money as they want to make. It’s not that I’m surprised to hear the complaint but rather the notion that the perceived problem is beyond the agent’s control. 

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How Do I Buy A Business? And Which One?

June 4, 2009

business ownerI’m often asked about the best type of business to list or purchase. I’ve met a significant number of business owners over the years and learned that it isn’t for everyone. As an owner, you’re the first one in, the last one out and definitely the last to be paid. But on the other hand, the rewards of business ownership can be great. If you’ve decided that owning and operating a business is what you want to do, then what should you be looking for in a business? 

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Listing and Selling Businesses – Now or Never?

May 28, 2009

now-or-laterIs it a good time to list and sell a business?

Yes, if you follow a few simple steps. First, you need to have an understanding of the business industry. If you want to list a dry cleaning business, take time to really familiarize yourself with the business culture and language. I’d recommend selecting an industry that you’ve worked in or have an interest in. If it’s an area you don’t know much about, again, do your homework. If you don’t prepare for a listing appointment adequately, you will appear less than confident and have trouble earning the business owner’s respect.

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