Emerging markets are high risk and high reward. In my work as an attorney representing Western companies in emerging markets, I have concluded there are four essential elements to emerging market success: a good partner, an open mind, active participation, and extreme patience. I have seen enough essential similarities between such diverse countries as Russia, Korea (ten years ago when it was still an emerging market country), Vietnam, and even...more
There are no stupid questions, only stupid people. Ask an economist for proof of one of their pet theories and you'll find quickly that the age old axiom that we all learned in school and work place training seminars is dead wrong. You can ask a stupid question if you're talking to an economist and that question can, in fact, make you stupid.It's a well accepted fact that scientists are not the greatest communicators around. They generally are...more
The 9-to-5 grind can make you feel like a just another cog in the corporate machine, constantly punching the clock for someone else's vision. One day, while dreaming of the world outside the cubicle, you have your big "Eureka!" moment—you've come across an idea so perfect that you need to start your own business around it. Coming up with the idea is the easy part. Now, you're thrown into an entrepreneurial world where even the experience businessperson can feel overwhelmed by all the details. It's hard to know where to even begin. So here are some tips to starting your own business: Craft a primitive budget: do you have enough capital to get this idea rolling? First things first, figure out roughly how much it'll cost you including all expenses, and where that money will be coming from. Call in favors from everyone you've even leant money to in the past in need be. Does the business world need you?: is there a large enough demand for your product? Ask around before even attempting to start your business—check with similar businesses in the area, or around the country. Find out how they started, and what kinds of clients they target, to get an idea of where you'll...more
I'm going to give you the *basic* steps in my $0 Down Real Estate Investing Program. I outline the program in *detail* in my 324 page e-book. For details about the book. http://www.realrealestateexperts.com and much, much more! I personally put together four more real estate deals last week... not to mention the deals that I helped my coaching...more
Networking opportunities are everywhere. Don't let them pass you by.1. Recognize that there is more to networking than greeting people. Develop a step-by-step plan for how you'll build relationships and how you can effectively tell your story. Don't forget your 30 second commercial to tell your story.2. Zero in on specific groups of people. Who are...more
OK, you say, I've decided to start my business. I have my idea, my identity package, my licensing and zoning done. Now I need to set up my office. Your first step is to decide whether to convert a room into an office or a space/area in your home to office space. If your space is limited you might want to get the type of desk that looks like an armoire so you can close it up at the end of the day. Or use a folding table that can be put away at the end of the business day. Or you can set up a mini-office in the corner of a room and put up a screen to hide this area at the end of the work day. In addition, depending on the type of business you are running, you need to think of files you will need and how you will house those files. For some businesses a small letter file will suffice, which you can cover with a table cloth at the end of the day or you could use an end table with space for files, or you can purchase crates for files and stack those in a corner or closet. Most businesses today need a computer, along with a printer, fax, and/or scanner. Again, if you use the armoire type of desk they use have space for most of this equipment, and you can close it at the end of the day....more
Are you profiting from O.P.P.? If not, why not?We know many of you have the desire and dream of running your own home-based business. But, like so many people, you're not sure where or how to start.You're not sure what type of business you should...more
In a previous article we introduced you to the concept of O.P.P., or Other People's Property.In that article we asked you what you would do if you found a business that: could generate multiple streams of income would work in any area of the...more
In a previous article we introduced you to the concept of O.P.P., or Other People's Property, and the many ways in which you can profit.In that article we asked you what you would do if you found a business that: could generate multiple streams of...more
Entrepreneurship has been my passion for as long as I can commit to memory to learning how to type, and that started in 5th grade! Strangely enough, I wasn’t raised around lots of business owners growing up in New Jersey nor surrounded by many...more
The Dow TheoryCharles H. DowRobert RheaE. George SchaeferRichard RussellThe Dow Theory TodayCharles H. DowIt is interesting and amazing to note that not until Charles Dow started compiling the Dow Jones Industrial and Dow Jones Rail Index and started...more
Powerful is a strong word. But it fits here. As a business, non-profit or association manager, you create powerful advantage for yourself when you do something positive about the behaviors of those important outside audiences of yours that MOST...more