Last week I provided the Pyramid of Business Success, a nine layered structure. Layer seven was the Growth Plan.
The recent rise of pending home sales to the highest level in nearly four years supports experts who believe California's home resale market will achieve full bloom this spring.
I've long admired Coach John Wooden's "Pyramid of Success." In business, whatever blueprint, instructional manual or paint by number kit being used before the enterprise launches is quickly tossed aside once the doors open. After that, it becomes a freelance-thing or a free for all, for those lacking mentors, a Sherpa or the time to figure it out.
Once again we are upon the season of forecasts. A quick perusal of any investment website will turn up some very rosy and optimistic forecasts for the coming year and a least a few doom and gloom predictions.
One challenge of being a business owner or holding a position of leadership is keeping motivated.
January is typically a dormant time of year for the residential real estate market in the Santa Clarita Valley, yet this market recovery is so unusual that no one was surprised when statistics showed January posted the highest sales total for the month in six years.
Real estate development during the Great Recession has proven to be a very challenging endeavor. Even seasoned professionals have found themselves struggling to service debt on projects that are producing monthly net negative cash flows.
Last week I wrote about the 2012 Gallup Poll where only 21 percent of U.S. adults rated business executives with high or very high in honesty and ethics.
In the course of working with business owners and leaders, I have observed that the organizations that are the most successful over the long run are the ones that have a strong focus.
Fiddling with the mortgage interest deduction to balance the nation's books would impact much of the nation, yet eliminating it or even limiting it would have a particularly destructive impact on California's high-cost housing market and the state's budding economic recovery.
A Gallup research study conducted and released in late 2012 found that only 21 percent of American adults surveyed found business executives high or very high in honesty and ethics.
It is generally agreed that being an effective manager involves taking calculated risks. As in most things, the rewards or outcomes of any actions tend to be proportional to the risks involved. Generally, the greater the risks, the more positive the potential results can be. Thus, managers who take few risks may not fail as often, but they also limit their success. If you have an aversion to risk-taking, I am not advocating that you ...
There are many people out of work that want a job. The government says that the unemployment rate is falling as the economy grows and organizations add to payrolls.
In an attempt to put the "service" back in mortgage servicing, new rules have been devised that are intended to make it easier for borrowers facing financial stress to quickly learn about alternatives to foreclosure, speak directly to the loan servicer, and get errors fixed when there's been a mistake.
These individuals show up every day, are present physically but not always mentally for the required period of time, and leave at the end of the day, not having accomplished much at all.
Peggy Noonan wrote a column in the Wall Street Journal on April 20 about her attendance at Margaret Thatcher's London funeral service. She commented that Mrs. Thatcher was often frustrated with her staff. Thatcher once said to her aides, "I don't need to be told what, I need to be told how."
Heated market conditions fueled by a tight inventory and strong sales in higher-cost coastal regions drove California's median home price in March to its highest level since May 2008. Local prices, right here in the Santa Clarita Valley are headed higher, too.
This week I'd like to introduce a company in a far different place compared to just a year ago. The organization has gone from despair to celebrating success. At the end of the first quarter of 2013, the owner said his company had "…Increased sales, reduced costs and improved our overall financial position in terms of positive cash flow and profitability, as well as reduced debt."
This is part two of a two-part column.
Some homeowners who are still struggling to avoid foreclosure may soon benefit from streamlined rules that offer an easy way to lower monthly payments and modify their mortgage without requiring financial or hardship documentation.
Looking back on those individuals who were my bosses, a clear distinction comes to mind.
The only people who benefit when a house is built are the family members who get to live there, and the builder who constructed and sold the home, right?
This column is part one of a two-part column.
In 1970 I started my first official job. I worked nine hours a week at a small grocery store. For the next two years I grossed $11.25 a week.
The residential housing resale market in the Santa Clarita Valley continued to recover during February, with sales and prices up to their highest levels in years.
There is a terrific exchange in the courtroom drama "A Few Good Men." Colonel Jessup, played by Jack Nicolson, turns from being a witness in a court martial to being the prosecutor when he asks Lieutenant Kaffee, played by Tom Cruise: "Have you ever spent time in an infantry unit, son?"
Is your business prepared for a disaster? While it is not something any of us like to think about, businesses should have a disaster plan in place.
Most people understand the basic economic principle of supply and demand and incorporate it into their daily decisions. They may not do it consciously, but economic decisions are made every day by each and every one of us.