One of the biggest challenges many of my clients face is having the right people.Prior to coaching I'd often hear: "if only I could find the right people my business would much more profitable""I'd have less stress""I spend more time managing my people than getting the work done" and more.Gary's StoryGary who runs a plumbing business has 5 staff. He was always complaining that they were lazy, didn't use their initiative and would take advantage...more
Why are Japanese cars consistently beating North American brands in the own backyard? Why is there a Geyser in Yellowstone National Park a major tourist attraction? Why is the Maytag repairman always alone? One word answers those 3 questions: Reliability. People love what they can count on. This is the cornerstone into how the Joey P system works. You can have all the gimmicks and magic tricks in the world, but if the people lose faith in you, it...more
Before entering the world of investing, it is important to honestly analyze your present situation. Doing so will allow you to effectively manage your own money in a way which maximizes returns while limiting unwanted risk. Questions to consider include:What is my investment goal? How much time do I have to attain this goal?Methods of saving for a down payment on a house differ greatly from saving for retirement. The reason for this lies in the factoring of time. Over short periods of a few years, individual companies and the stock market as a whole can experience dramatic fluctuations which in no way represent longer-term trends. Because of this possibility, a smaller percentage of your portfolio should be allocated into stocks as the time for cashing in your investments draws near. Conversely, the longer the time period you have to invest, the more aggressive your portfolio should seek higher returns.How much do I initially have to invest? How much can I afford to consistently add later?Einstein described compounding as "The Eighth Wonder of the World" and for good reason. Being able to earn interest on your interest allows investments to increase exponentially faster than...more
Successful marketing of a product or service rests on the effective market research. Marketing research is an answer to various questions that crop up in your mind regarding the product. Some of the questions are:- Will the product sell? - What is the proper distribution channel to be followed?- Is there a need for the product to meet any specific...more
"The factory of the future will have only two employees, a man and a dog. The man will be there to feed the dog. The dog will be there to keep the man from touching the equipment." ~Warren G. BennisWell, not quite. At least, not yet. But, automation is certainly the watchword as today's manufacturers face razor-thin profit margins, Just-In-Time...more
The single most common mistake that a note holder makes when creating a note is that they fail to check their buyer's Credit Report. It seems so simple, but it is worth repeating "Most people fail to check the credit report of their prospective buyers!!" Can you believe this? Just by doing this one simple step can save you a bunch of money now and in the future. How so? First and foremost by checking your potential buyers credit score can help resolve your worries of your buyer's ability to repay their future debt to you. Heck, I don't know of any bank that would not check the credit score of any one of their customers seeking a mortgage. So why shouldn't you? The second benefit of checking your buyer's credit score is what if you should ever decide to ever sell your real estate note, trust deed, or owner financed mortgage for all cash? By knowing your buyers credit score would not only benefit you now, but it would also make your real estate note more valuable in the future.Here's why. The first thing a promissory note buyer/investor is going to require to sell your note is your payer's credit score! Your buyer's credit score is paramount to how much money you will ultimately...more
I know. I know you're excited about your new business. I know you have a great idea and when you tell others about it, they think you have a great idea, too. A great idea is the birth of a new small business.But as a self-employed small business...more
Most companies focus on developing a brochure, a slick 4 color tri-fold brochure with pictures, the name of their company, phone number, etc. That's actually how people treat it It's just a brochure with very little meaning. It's treated with low...more
How you handle questions from an audience can often be thedeciding factor as to how your presentation is received. Ifyou're pitching for business, then it's absolutely vital tohandle questions well. 1. Be prepared for questions - When you write...more
Homeowner loans are loans that are given to borrowers who own a house. Homeowner loans are secured loans for which the borrower has to offer his house as collateral. If you avail a homeowner loan against your house which is already mortgaged, then...more
In this modern economy, lenders provide loans tailored to just about any situation. Balloon loans are one such loan, but carry a serious downside if you're not careful. Balloon LoansA balloon loan has nothing to do with hot air or floating around the...more
Using a mortgage broker to shop for home loans can make the borrowing process a lot less stressful than doing it yourself. Here are the nuts and bolts on getting a good broker.Competent Mortgage BrokersThere are a couple of obvious situations where...more