In this episode, a review of Porter’s 5 Forces and how they shape small business. Which forces may be working in your favor and which forces are working against you and your small business like the force of a hurricane. In this overview a look at each of the five forces and how they may apply in most any small business. At any given time or another one of these may be driving business to or away from you, in either case, it’s good stuff to know and good business sense to employ. It’s hard work
There are economic trends that are going on right in your everyday space, some of which we all take part in oftentimes and can invest into as well. Many of these trends offer opportunity to not just be a consumer but also make money from the trend itself, for the long run. In this episode, some insight on what’s popping up all over neighborhoods around the country. storage spaces.
The Storage Space business is booming all over the country regardless of community type or status. including communities in transition such as gentrification, revitalization, urbanization, and even bedroom communities are seeing big business move in. At the front of the line is a company called Public Storage with some competitors not very far behind. You probably have seen some of these places in your area, and yes, they are investment opportunities waiting to be taken advantage of.
“Buy when there’s blood in the streets, even if the blood is your own.” -Baron Rothschild
In this episode, being an opportunist when it comes to investing. Seeing opportunities in a down market environment, when things are at their worst, values are down and investing opportunities are ripe. Becoming a contrarian style investor, identifying intrinsic values and when to leap after them in several markets ranging from real estate to healthcare. Learn to look at every situation see past the cover and quantify the possibilities to invest and make money. In every climate whether there’s a political campaign or a protest at the very same campaign, someone is making a profit, someone had to make all of those signs and they weren’t made in China.
There there’s what’s known as “Luck”, while I don’t subscribe to the “Luck” thing… this saying makes a lot of sense to me, “Luck is when preparedness meets opportunity”. I mean, you were preparing for the opportunity, that makes you an opportunist in my book.
Whether there’s a catastrophe or a celebration, there’s someone being paid or making some modest profit. Funerals, weddings, sweet sixteens and graduations all use flowers, someone planning and executing for a price. As an opportunist, it becomes intuitive to see these things unfold and reap the benefits. While there isn’t a mile wide difference between exploiting and serving in many cases, there is a difference and those that serve rather than exploit as opportunists make out better over all and have long lasting results.