Monthly Archives: December 2016

4 Simple Tips for Investing in Luxury Real Estate

The wealthy will always be buying high-end housing, which is one of the many reasons why investing in luxury real estate can be a lucrative endeavor. However, just because your customer base works in large sums of money doesn’t mean turning a profit is going to be easy. Luxury real estate has a few unique facets that you should learn if you want to cash in on the niche. Let’s take a quick look at some basics. 4 Simple Tips for Investing in Luxury Real Estate Play the long game: All real estate investments tend to be long-term, but this is especially true in luxury real estate. You aren’t going to quickly turn around a house for a large profit. You need to have the patience and resources to think long-term in this niche. If you can’t afford to wait, you might want to focus on a different area. Hire…
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5 Ways to Stay Motivated When Your Small Business is Struggling

Struggle is a normal part of any early-phase business, but how do you stay motivated when things are tough? It can be hard to put in those insane hours when you’re burning through cash, frantically chasing customers and endlessly looking to get funding. Here are some simple ideas for how to stay energized. 5 Ways to Stay Motivated When Your Small Business is Struggling Pick the right team: If you are working your butt off to keep your company floating, you can’t afford to surround yourself with negative people who give up easily. Choose a team that is not only talented, but also hardworking and optimistic enough to make you want to come to work every day. Build a culture where everyone can feed off each other’s positive energy when they feel worn down. It’s not about you: Sometimes things are going to be so hard that you no longer…
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Has the Housing Market Finally Recovered from the Crash?

If you own a home you’re in luck, because it looks like the housing market has finally recovered from the crash. Numbers from the Standard & Poor’s Case-Shiller Index, a composite of housing prices throughout the country, shows that real estate prices are finally higher than they were in 2006. Yes, after a decade, the market has once again hit an all-time high. The spike in home prices is especially pronounced in urban areas. For example, Seattle saw the biggest boost, with a price increase of 11 percent, followed by Portland at 10.7 percent. On average, the 20 largest American cities had a 5.2 percent price increase in 2016. Possible explanations for the bump include a recovering economy, the millennial generation coming of age and, most of all, low interest rates on mortgages. What Does This Mean for the Real Estate Market? It’s likely that interest rates are going to…
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5 Tips to Help Your Small Business Survive the First Year

If your small business can survive the first year, you have already achieved a lot. Most businesses fail within the first two years. Of course, every founder’s journey will be different, but there are a few fundamentals that will improve your chances. 5 Tips to Help Your Small Business Survive the First Year Align with your values: You’ve probably been told at least a dozen times that your company might fail. Even if it succeeds, the process will be excruciatingly difficult, and early on the monetary rewards will seem small. It’s crucial that you pursue a mission statement that aligns with your personal values. Otherwise, you may struggle to put in yet another sleepless night for a company that isn’t profitable yet. Ask any of the top founders in Silicon Valley how they made it, and you are bound to hear the word passion more than once. Understand scope: It’s…
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5 Legal Essentials for Business Founders

If you’ve ever indulged in reading Silicon Valley drama, you’re bound to have heard about business founders who ended up getting in serious trouble because they didn’t protect themselves from legal issues. Whether it’s the cofounder who got diluted out of his own company, or the executive who went to prison for securities issues, we’ve all heard the consequences of being reckless. Here’s a look at the legal essentials, so you can ensure this never happens to you. 5 Legal Essentials for Business Founders Have a clear deal with cofounders: When one person is only protected by a handshake, things get bad. Have a crystal-clear understanding of who gets what. Hire a good business lawyer to write up the paperwork, and make sure you have your own representation to ensure you get what you deserve. Whether you are dealing with banks, partners or venture capital, you need a lawyer. Separate…
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