Author: Staff (Page 46 of 62)

Time to look for investment properties?

One of the biggest mistakes of the time period leading up to the economic crisis of 2008 was the heard mentality. Basically, if everyone is doing something, then you probably shouldn’t join in. But people don’t want to miss out on a good thing, so as real estate prices kept going up, more and more people wanted to get in on the action and start investing in real estate. Then it turned into a bubble and created a mess.

Now we have the opposite situation. Real estate prices have collapsed, and now people are avoiding real estate like the plague. This is the time to act however, when there’s blood in the streets. Of course you have to know what you’re doing, and you have to be able to analyze value. Home prices have collapsed in many areas. Some will recover, but many won’t. It’s your job to figure out where the drops have been excessive, thus offering real estate that is below market value.

This involves knowing the area. Here’s the thing – you can’t get into the business of real estate without knowing the market. That means educating yourself and doing research. It means understanding demographic trends and which parts of the country will rebound faster and why. For example, you don’t want to consider an investment in properties overseas if you’re not familiar with that area.

If you want to get in the business of investment properties, now might be the perfect time to make the leap. But don’t think we’re going back to the days of flipping houses. Sure, you can make a purchase and renovate it with the idea of selling it, but this market will come back slowly. Only consider places where you can earn income through rentals while you’re waiting for appreciation.

3 Things A Business Degree Student Could Learn From Silvio Berlusconi

Everyone needs an icon, an inspiration, someone who shows just how much can be down and how well. Not necessarily a role model, because the most successful people tend to have extremely negative qualities, but even the most evil character can teach some important lessons. For example: Darth Vader teaches you the value of presentation, black is always in fashion, and don’t jump uphill at a man with a light sabre, you idiot.

But since the dark lord of the Sith isn’t a great exemplar for business degree students (the profit/loss sheet on the Death Star is horrifying), we’ve looked for a more down to Earth villain. Italian ex-prime minister Silvio Berlusconi is a glory of capitalism. He is at least four different male fantasies crammed into one body. He’s made more money than Midas, twisted the law into shapes which would confuse Escher, and scored with more women than the entire population of several colleges.

What lessons can a business degree student take from this mastermind?

Networking

The single most important lesson in any business degree is networking, and Silvio masters this the same way Genghis Khan mastered making first impressions: way harder and better than anyone had ever dreamed possible, and than most people had even had even had nightmares about. Mr. Berlusconi has a more powerful network than most Yakuza and uses it much more blatantly.

If you don’t make connections during your business degree it might as well be a piece of novelty toilet rule. Luckily modern technology means you can mingle without ever having to stand up, which is great, because when you work online you can take the time to craft the perfect image. Or, like Silvio, you can just own most of the TV stations and tell them to do it instead.

Think Big

No-one gets a business degree because they want to be a faithful secretary. It’s more a Gordon Gecko without the bad ending thing, power and riches and most importantly the feeling of doing something worthwhile with your time. This means you have to aim high and just keep climbing, an no-one solved his problems by aiming higher than Silvio. When his businesses were under legal investigation, he became the government and changed the rules. When Medusa cinemas were investigated for embezzling five million Euros, the judge decided that Silvio probably had nothing to do with it because the amount is too small. When you’re excused on the grounds that you couldn’t be bothered with a paltry seven digits, that’s the success of thinking big.

Understand The Rules

The most important thing in any project is a clear understanding of the rules. Some will say that this is to make sure you obey them, but come on, we’ve already mentioned Gordon Gecko and Silvio Berlusconi in this article. Sure, Berlusconi might have been finally forced to resign as prime minister, but he still has more money and sex than everyone you know put together.

The real reason you need to understand the rules is to succeed as quickly as possible. The hardest work in the world doesn’t necessarily, or often, lead to a the best reward. That’s why you’re studying a business degree instead of bomb disposal. A clear set of guidelines means clear targets and knowing exactly what you’re allowed – or able – to do to get what you want. When you study for a business degree you’re practicing dealing with the real world by getting ready to do the same. You have a clear set of tasks and courses to complete and, by far the most importantly, you have total command of your own time and resources to do so. That benefit cannot be overstated. So many jobs are based on sitting down and doing what you’re told – you want to be master of your own destiny. And like Silvio Berlusconi, you want to fill that destiny with money and fun.

Hospitality jobs in South Florida

Certain sectors of the economy are rebounding and jobs are following. Here’s an update on hotel and restaurant jobs in South Florida:

If you’re looking for work in South Florida, try hotels and restaurants.

Broward and Miami-Dade counties now have more people employed in lodging and food service than they did before the recession, and Palm Beach County is catching up to its former peak. Broward alone added 3,800 hotel and restaurant jobs in October from a year earlier, up 5.9 percent, state data show.

The jobs are growing because of record tourism in South Florida, as the U.S. economy recovers and visitors arrive from across the country and from Canada, Europe and Latin America. Broward set a new tourism peak for the 12 months ending Sept. 30: 11 million overnight visitors who spent $9 billion, the county’s travel bureau said. Tourism experts expect continued growth at least through 2012.

The job trend holds statewide, with hospitality leading Florida’s job recovery. Hotels and restaurants employed 31,700 more people this October than last, up by 4.4 percent to a new state record, data show.

Some new employees are coming from other fields, where work is less plentiful, including construction.

This is good news, as strong sectors should rebound first. South Florida is a mecca for tourists, so as the tourists come back, signaling a return to normalcy, then we see these hospitality jobs come back. Tourists and hospitality workers then spend money, fueling a broader recovery in the region.

Regulations and jobs

It’s sad how lame our political discourse has become. Complex issues like jobs and regulations become sound bites between both extremes. Instead of debating sensible regulations and the cost and benefits of specific rules like environmental rules, we get shouting matches between the parties on these issues.

The Washington Post has a good article on the complex issues surrounding regulations and the impact on jobs.

The Muskingum River coal-fired power plant in Ohio is nearing the end of its life. AEP, one of the country’s biggest coal-based utilities, says it will cut 159 jobs when it shuts the decades-old plant in three years — sooner than it would like — because of new rules from the Environmental Protection Agency.

About an hour’s drive north, the life of another power plant is just beginning. In Dresden, Ohio, AEP has hired hundreds to build a natural-gas-fueled plant that will employ 25 people when it starts running early next year — and that will emit far fewer pollutants.

The two plants tell a complex story of what happens when regulations written in Washington ripple through the real economy. Some jobs are lost. Others are created. In the end, say economists who have studied this question, the overall impact on employment is minimal.

“If you’re a coal miner in West Virginia, it’s not a great comfort that a bunch of guys in Texas are employed doing natural gas,” said Roger Noll, an economics professor at Stanford and co-director of the university’s program on regulatory policy. “Some people identify with the beneficiaries, others identify with those who bear the cost, and no amount of argument is ever going to change their minds.”

Read the whole article for a good perspective on this issue. The bottom line is that regulations can also help create jobs and add certainty, though of course some regulations do hurt jobs. We have to measure that impact versus the environmental and safety benefits we get from rules. Things like a carbon tax should also be evaluated, as here we just put a cost on pollution as opposed to specific regulations.

Online Education: Using Twitter to Get the Job You Deserve

Social media is a twenty-first century revolution that has swept the globe. It has given billions of people new opportunities to share their voices, connect, and facilitate the type of discussion that helps propagate more revolutions. It has infiltrated television, movies, advertising, mobile phones, online education, and a whole slew of other niches that are heavily embedded in many peoples’ daily lifestyles. To say that social media is here to stay would be an absurd understatement. In a way, the world is moving towards virtual connectivity on a level that parallels the time when the Internet first became available for personal use.

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