Everyone loves a good sports analogy. The upcoming NFL Draft prompted me to consider how the player selection process compares to how businesses succeed with executive recruiting. Because I'm interested in how organizations assess a leader's capabilities and their subsequent success, I set out to determine whether the NFL can offer a few tips to improve an organization's executive recruiting.A recent New York Times article about Harvard Business...more
Despite confusion about exit strategies, 47 percent of middle-market business owners 55 years and older are interested in selling their businesses within the next three years, yet over 90 percent of them have not begun the planning process, according to research released today by MidCap Advisors, a leading middle market investment banking firm. Approximately 70 percent of those surveyed indicated they were interested in selling their business to...more
Author: Al HardyFHA Mortgage Streamline Refinance loans are available to homeowners that financed their homes with FHA Loans.First a little history on FHA Refinance Loans. They have been available for a long time, all of the way back to the 1980's. Because of the popularity of FHA Home Loans the FHA Streamline Refinance Program has at least 20% of the home refinance market and it is increasing at a steady rate.The FHA Home Loan Program is very popular in today's housing market because of the low 3.5% down payment and the lower credit scores needed to qualify for a loan. Most conventional and insured conventional loans require 20% down payment. The credit scores for FHA loans can be around 620.There are many advantages for this type of refinancing.The Advantages of FHA Mortgage Streamline Refinance Loans:1. The homeowner can get a lower interest rate and this will help them to reduce their monthly mortgage payment.2. They can change the terms of their existing loans such as the length of the loan.3. Quick processing and reduced paperwork and documentation. This is how they get the name "streamlined". It will take less time to close and you will spend less time trying to get all of...more
Owning a business that runs itself is one of many ways for easy income, that's why you see commercial ventures being put up everywhere. Statically speaking, the likeliness of you failing is greater than the odds of you succeeding. But nevertheless, many bold individuals take the risk and still manage to make it big anyway. Their purpose for forming...more
The Federal Credit Reporting Act ["FCRA"] makes it mandatory for Credit Reporting Agencies such as Experian, Equifax and Trans Union "to follow reasonable procedures to assure maximum possible accuracy of the information in the [consumer's credit] report ." A willful and negligent failure to do so is violation number 1 of the FCRA. One wonders...more
Quitting your current job to invest full-time in real estate is an important decision. Fear is the biggest road block we put in front of ourselves, even if what we fear will change our circumstances for the better. Unless you are financially able to support yourself for one year while you get started, you'll need to wisely prepare to quit your job before you take the leap.Organize a room for you to work in. Be as focused as possible and be serious. If you treat real estate investing like a hobby, it will reward you as one. If you treat it like a business, you will earn a paycheck.Quick books will help you keep your finances organized. A word processing program will help you put together your letters, postcards, or flyers that you will use for marketing campaigns.Next, build your team. You will need a closing agent who is investor friendly. Money find your local hard money lenders (usually at the investor club) and introduce yourself. Find out what their lending criteria is, how fast they can perform and what terms they offer. Lastly, gather a small group of friends, family or teenagers who share your excitement and enthusiasm. A simple desire to earn extra money will do. Tell...more
The national credit card debt problem, enthusiastically cheered on by the credit card companies, has exploded into a completely out of control catastrophe. Having happily added on every sort of fee that they possibly could - late fees, pre-payment...more
A Vat registration form is required to be submitted by every proprietor of a company or firm reaching the vat threshold limit providing information about the status of the business. This applies whether the firm is solely owned or in a partnership,...more
When the recession hit, fast and furious, one of my management consultants was quick to remind me: "At high tide, the water covers the rocks, but when the tide goes out, the rocks begin to show." I've done a lot of thinking about that statement, and...more
To ensure the optimum growth of an organization, it is essential to have an effective workforce planning. The very first thing which the management needs to ensure is that a person is appointed at the right position and for the right job. It is very...more
We are truly in one of the worst economical disasters of the entire history of man on this planet, and there are a number of reasons for it, lets focus on one for now. Real estate as I am sure most of you know has been on a downward, self destructing...more
A fixer upper has been the point of entry for many first time home buyers. There are a lot of good reasons why a fixer upper could be of benefit. It must be noted that fixer uppers do vary. Some need more fixing up than others. The amount and the...more