Why without asking your boss?Two reasons, one, he or she will most likely say no; and second, he or she will probably have you committed for asking.So what do you do. Give the raise to yourself.Impossible you say. Chuck and Sue are crazy. Not at all. Here's how.You know we love the Creative Real Estate niche of Lease Purchasing and you know we believe it to be the perfect home-based business.But, did you know you can use these same methods in your spare time to give yourself that big raise.Ask yourself, "What would I be willing to do to earn an extra $20,000 in a year". The answer may surprise you. And no, you don't have to become a hit man (or woman) to earn this.You just have to be willing to take a look at Lease Purchasing.Some background before you think we've completely lost it. For every 100 calls Sue makes on For Sale By Owner property, she either speaks with or leaves messages for about 60%. That's about 60 people she puts the concept of Lease Purchasing in front of. Out of that 60, approximately 10 will develop into true prospects. From these 10, 2 or 3 will develop into property we are willing to take on. The others may become consultations or manual sales.(Please keep in mind, these numbers will vary a bit depending upon your particular area and current market conditions).Gee, you say, that sounds like a lot of work. Not really. Consider making those calls over a 3 month period. That's the equivalent of a call per day. Why a 3 month period. Because you're only looking to do one deal a quarter. Next question. How does this translate into a $20,000/yr. raise? Simple.On a typical single family house, we look for a $5000 assignment fee on average. Well, let's do the math. 4 x $5,000 = $20,000.Yup, a $20,000 raise on 4 deals per year.Is this realistic? Absolutely.In fact, we may be conservative on that raise for you. You may well decide to do five or six or more deals in a year.All it takes is knowing how to structure your deals, having the proper contracts and a willingness to want to give yourself a raise. You can find all this information at our website at: www.homebusinesssolutions.com/productsYou're right. Chuck and Sue are crazy. Crazy like a fox.Copyright 2004, DeFiore Enterprises
There are many reasons for wanting to start your own business, and most of us get to this point. Which one of the following applies to you?Freedom from daily routine.Doing what I want when I want.Improve my living standard.I want creative freedom.I want to fully use my skills, knowledge and education.I have a product/idea/service that people need.Ill have more time with the family.I wont have a dress code.There are good tax breaks for business owners.Im a Type B person and work best alone.I want to be my own boss.I want to make the decisions.Now granted, every one of the above is a good reason for wanting your own business. The rub is, that not many people think the process through step by step. There are 7 phases to business planning. They are:1.Investigation Phase2.Planning Phase3.Start-up Phase4.Operating/Monitoring Phase5.Problem/Challenge resolution Phases6.Renewal/Expansion Phase7.Selling, Transferring, Retirement PhaseWell cover all of the above in my next few columns as a Business Basics refresher, but for today lets take number one.In the Investigation Phase you take a look at yourself and also your business options. There are careers that are suited to personality types, so the first thing you must discern is Which personality type am I?Duty FulfillersThis is an introverted personality who is serious, quiet, thorough, orderly, matter-of-fact, logical, realistic, and dependable. They take responsibility, are well organized, know what should be accomplished and work steadily toward it disregarding distractions. They are careful calculators, and 20% of this group become accountants.The MechanicsThese are also introverts and are cool onlookers. They are quiet, reserved, observing, and analyzing life with a detached curiosity and have unexpected flashes of original humor. Theyre usually interested in cause and effect, how and why mechanical things work, and in organizing facts using logical principles. They usually are craftsmen, mechanics, or handymen with about 10% becoming farmers.The DoersThese people are extraverts who are good at on-the-spot problem solving, dont worry, enjoy whatever comes along, are adaptable, tolerant, and generally conservative in values. They tend to like mechanical things and sports, and dislike long explanations. They are best with real things that can be worked, handled, taken apart, or put together. About 10% of this type go into marketing or become Impresarios.The ExecutivesThese are another extravert group and are hearty, frank, decisive, leaders in activities and usually good in anything that requires reasoning and intelligent talk, such as public speaking. Theyre usually well informed and enjoy adding to their fund of knowledge. They may sometimes appear more positive and confident than their experience in an area warrants. Theyre sometimes called judgers and thinkers and 21% of this group become legal administrators.To go into each personality type would be far too complicated, but to give you an idea of the roles that personality types could fall into look at the following list. Beside the categories we covered in depth here are some simply broken down into Introvert or Extravert Personality.Introverts choose careers that satisfy being:NurturersGuardiansArtistsScientistsProtectorsIdealistsExtraverts are usually:PerformersVisionariesThe InspirersGiversCaregiversThe second part of the Investigating Phase is looking at your business options. When choosing the business you want to start consider the following:Do you like to work with your hands or brain, or both?Does working indoors or outdoors matter?Are you good at math, writing, puzzles, blueprints, installing things or fixing things?What interests you? What are your hobbies?Do you like to work alone or as part of a team?Do you like to plan things, or go to events?Do you like machines, computers?Do you like to drive or operate equipment?Do you like to travel, collect/display things, give/attend shows, or take pictures?Are you small, large, strong?Make a list of your likes and dislikes. Keep a diary of things you do that relate to business and rate each entry from 1 to 5 based on your interest. Then prepare a list of your strengths, weaknesses, opportunities and concerns. After doing all that, you should have a list of candidate businesses that are right for you. Then you can make a list of the candidate businesses and rate them from 1 to 5 based on your own chosen criteria.Some criteria could be is it feasible, low in cost to establish, meets my objectives, will make money, there is a niche market of existing customers, or it will produce residual income to name just a few.By the time youve accomplished all that, you should seriously consider visiting the local chapter of S.C.O.R.E. or your own mentor to use as a sounding board for your plan. Next week, if I havent dissuaded you so far, well cover the Planning Phase.
Introduction - Clients of our law firm frequently ask us what are the good opportunities for investment in Panama. This web page is probably a long time coming and here it is. Investments are rated by the number of stars *****, five is the best and one is the worst.Real Estate Flipping * -This is buying a not yet completed condo or townhouse and selling it before it is completed. This gives you a gain (well you hope anyway) and the ROI (return on investment) is great since you only put up to 30% down. Many people we know are trying to sell their flip positions without success. Several large prominent real estate projects have failed to move forward to completion thus the speculators just tied up their capital for no gain and wasted their time and money. The clichs concerning panama real estate flipping would be as follows: If it was that good everyone would be doing it and If it is too good to be true it probably isn?t true.Construction Raw Materials **** - Now you are talking about a good investment. There is still a tremendous amount of construction taking place in Panama and this is likely to continue for some years to come. All real estate construction materials are in short supply and prices are high. You can start with cement, go to marble, tile, etc and the preceding is all true. This is how one can make some serious money. Capital is required and one would import the raw materials required by the construction industry. We are a Panama Law Firm and we can assist clients strictly as your legal counsel, who wish to engage in such a business enterprise.Construction Heavy Equipment **** - There is a shortage of all heavy construction equipment used in constructing high-rise residential buildings. It is all in short supply. You could import new or used equipment. You can rent it out by the day, week or month. You can also contract with developers over longer periods as well. The construction of the Panama Canal expansion has not even started yet and this should serve to increase the shortages.Dump Trucks ***** - There is a serious shortage here. Some projects are severely backed up since they lack the trucks to haul away the dirt from the job site. These can be rented short or long term or supplied to developers on a long-term basis. You could supply, drivers, do the maintenance, have replacement trucks etc and make a fortune. You need not import new equipment; used equipment in serviceable condition would work fine. The developers are more interested in quick completion times than they are interested in extra truck expense costs.Cement Mixer Trucks **** - Again another shortage, see above.Expensive Horses *** - Panama has lot of them, many different breeds and at prices much below the North American market prices. This is simple for one in the business. Better yet set up a breeder facility in Panama taking advantage of low land cost and cheap labor and export the horses to the North American market at a tidy profit.Customer Service Residential Businesses **** - Think of something all the foreigners moving into condos in Panama will want that is not already here and watch your cash register ring. The completed condos are about to occupy and more are completing monthly. This is an amazing market of high disposable income people, mostly without children in their home that are over 40. This one requires excellent marketing skills and is not for the me too businessperson. If you try competing against the locals in their business you will probably lose. You need to bring something new to the table and need to make sure it is not easily copied. Imagine the potential, all you need is the product that the people will want that no one else has in Panama. Of course our law firm can provide all the legal assistance you need.Hard Money Lender*** - Want to loan money against houses, townhouses and condos this is the market. Imagine 30% to 40% down (60% to 70% LTV), 5 to 15 year mortgages at 3 points over bank rates which are currently in the mid sixes so you would be in the 9% + range. Strictly equity loans in first position giving you serious protection. Rates are currently not so exciting but servicing costs are low in Panama and you would run out of money before you ran out of mortgages.Panama Web Hosting **** - There is a serious shortage of reliable web hosting companies, no shortage of bandwidth. Run in your lines to a secure facility. Have 24-hour camera surveillance of the site. Use swipe cards for all staff coming and going. Have 24-hour serious security. Promote it as such and you will have no shortage of customers.Restaurants* - Forget this they come and go all the time. High failure rate, lots of competition.Hotels *** - Shortage of real five star hotels. There are no real five stars using North American standards. What they call a five star here is at best a four star elsewhere. Good four-star hotels would also fare quite well since they are in short supply as well.Alternative Health Care ***** - Big shortage, great demand. Come on down. Look into licensure first since that gets tricky.Maids ***** - Panama currently has a serious shortage of maids. Think of a solution to this and clean up.Please feel free to contact our law firm for any matter in which you require legal representation in Panama.
Did you know that you can haggle with the agent, about the rate they charge? From the sale price achieved, commission rates can differ from 1- 3%. Another useful tip is to know what price similar properties in your area have sold for.In the property market, the state of your home is more likely to make an impression in the slower market and could even add much more to the final sale price. But in the faster property market, the final sale price and speed of the sale itself tends to be more important than the presentation of your home, although that's not to say making your home look clean and tidy isn't still worth doing.Did you know that some properties are sold before the auction day? To sell this way to reach a quick house sale you need to stress to the auctioneer that you are open to offers prior to the auction.A few things to consider when thinking about this option;-Is your house unique?-If the rental demand is strong in your area.-Is your home priced for a quick sale?-Does your property have any issues like a short lease?-Will it attract first time buyers?-Does it have development potential or does it need work? With everything that is as technical as this, always read the small print. If you are unsure of anything to do with the auction, it is always good to ask your solicitor to check it, in case there are things like restrictive clauses. You might want to think about doing this if you are aiming for a quick sale, and especially if your property is on the market and your with an estate agent. If you are not careful then you might end up paying double the fees if the contracts overlap, if you read the terms carefully.Location, location, location! Is such a big factor in deciding the final sale price of a property. Amongst other things such as those mentioned above, location is arguably the most influential reason why house buyers would want to start a bidding war. If it is in a good area and has business potential, or is a developers dream, then you have a gem!Why choose to sell through a property auction? It's a great way to reach a wider range of potential buyers, and there's likely to be at least someone who is willing to buy your property. And the timeframe for the sale period is crystal clear 28 days or less! Auctioneers should tell you if your home is suitable to be sold at auction.Know your legal obligations as well, for example using a solicitor who knows about the common auction system. It is up to you to make sure that every detail about your property is accurate, both in the description and catalogue. Otherwise the buyer may wish to withdraw and claim their deposit back.When pricing your property, make sure you know what you are doing, do not go too far away from the auctioneer's recommendation. You can always choose not to sell below a certain price by setting the reserve at a level you are comfortable with. If the starting price is low, in fair play the bidding can get quite exciting!So basically, with the right property, carefully reading the paper work and setting a realistic start price and reserve, selling at auction isn't so complicated really.Try and pick either a London auction house, or an established local one, as these are more likely to have loyal house buyers who will be keen to pick up bargains.
It has really become obligatory to have some space of your own in the world of internet. No business can grow in isolation, which means that the need of partnership in business can not be neglected. Every business requires some customers who may help them to grow and expand. That is one of the reasons that websites are becoming more and more essential with every passing day. Although, all sorts of websites are important, but when it comes to business sites, things get even more complicated. There are a lot of things which are to be considered in order to develop and design the best website that may successfully portray all of the business aspects of a company. It is the time when all sorts of businesses can really expand as the opportunities are equal for all sorts of people. However, there are some specific points that can be used in designing website and to get more viewers. Take the example of a site that is to display the electronic items. Electronic items are diverse in nature and it is so easy to find customers for this business as there are a lot of people who always find it irresistible to buy new gadgets. However, it takes a lot of time and energy to build a site that may incorporate all the electronic items in a systematic way and that is the point that has to be understood. So, you should not take any chances in this regard as a novice can really spoil your website and he may not be able to bring out the right feel that is required to get more customers.For electronic items like mobiles, iPods and other such things, pictures are really essential. So, first thing is to take pictures in a way that it may become easy for the customers to explore the product in the best possible way. You can use the help of a professional here as if you will not be able to present pictures in the best possible way, you may end up losing a lot of prospective customers. After completing this, you can then move on to other features which are essential. For instance, security features are really important as people will never buy from a site which is not secure. So, find a nice hosting partner who may help you in this regard. Another thing that you can do is to use the options of comparing different electronic items. It is obvious that there are so many people with different electronic items with different price tags, so, it is imperative to provide facility that may enable people to compare the prices of different electronic items. Always remember that more convenient it is, better will be the chances of expanding business and sales. Some nice offers and discounts that may flash on your website for every visitor will be a nice thing to acquire more customers. So, it is compulsory to consult with a professional instead of losing customers.