Tuesday, 24 November, 2020

Real Estate Investors – Are You Working On Your Business Or In It?


In an ever-increasingly LinkedIn, app-driven world, business cards remain, for many, a gold standard for networking, making connections, exchanging information, and branding ourselves, with the brand usually being the company or organization we work for, and maybe our job title.

But then after they sign up, many of them do not actually do anything much. I suppose they thought that signing up was all they had to do. While this is a great first step, it is only that. The first step. You have to continue tvistemÄl walking forward.

It was so cool (to me, anyway) to be asked “Do you have a business card?” and I got to answer in the affirmative. My friends even gave me a professional looking card case as a gift (red leather Coach, as I recall). And I collected others business cards like kids used to collect baseball cards, or my dear friend Lenny collected vinyl albums back in the late 60’s!!

You need to know what type of capital you are working with. It does not take a lot of money to start a law firm. But it does require some careful budgeting, especially if you are trying to start on a shoe string. Many businesses fail because of inadequate capital. One mistake here and your business is going belly up.

Just because we live in the physical world, we experience the impact of these laws everyday. We as humans often feel we are exempt from the consequence if we ignore the laws. A business owner needs to keep these laws in mind and apply them to their advantage.

Look for a deal maker not a deal breaker. In any business deal, there can be dozens of reasons why the deal can’t work or why the agreement is not right. You don’t want a lawyer that throws unnecessary obstacles to making the deal work. It takes a practical approach. It is all about business risk and your lawyer should give you the pros and the cons and provide advice rather than blocking the deal.

Most people, however, feel that they or their business is unique and that what others did will not work for them. However, if one is always getting poor results, then something is wrong with the system, such as how and where energy is applied, or the loss of energy due to friction.