Category Archives for "Business Coaching"

Nov 10

CFRA Experts on Call with Sean McCormick, Bruce Firestone and Dave Watts

By Bruce Firestone | Business Coaching , Business Models , Entrepreneurship , Finance , Real Estate , Real Estate Investment Coaching , Urban Economics

If you missed it, here’s Sean McCormick, expert mortgage broker, and Bruce M Firestone, real estate investment and business coach, on CFRA 580’s Experts on Call along with host Dave Watts… “I listened to Bruce on Experts-on-Call. I really enjoyed it. It was awesome for real estate investors just starting out. I especially liked the […]

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Oct 30

Should Ottawa ban Airbnb if you don’t live there?

By Bruce Firestone | Business Coaching , Business Models , Entrepreneurship , Finance , Investing , PB4L , Real Estate , Real Estate Investment Coaching , Urban Economics

I read Jon Willing’s October 5th, 2019 well-reported article, Ban some from renting homes short term if they don’t live there, consultant recommends (https://ottawacitizen.com/news/local-news/ban-some-people-from-short-term-home-rentals-if-they-dont-live-there-consultant-recommends). I believe the Maclaren Report is flawed, so I wrote the following to the city of Ottawa’s policy people: Dear city of Ottawa, My spouse and I own a home in […]

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Oct 09

Ottawa Property Tour with Prof Bruce and Spirepoint Wealth’s Paul Blacquiere

By Bruce Firestone | Business Coaching , Design , Entrepreneurship , Investing , Real Estate , Real Estate Investment Coaching , Urban Economics

From time to time, Paul and I take students on a property tour to teach them what works in terms of real estate investing (and what doesn’t). “Wow, what an amazing property tour organized by Prof Bruce and Spirepoint Wealth’s Paul Blacquiere. It was very interesting and educational. It made the concepts of the course […]

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Oct 07

Think you know real estate investing?

By Bruce Firestone | Business Coaching , Finance , Investing , Real Estate , Real Estate Investment Coaching

Try answering this question. The list price for a duplex at 1234 Any street, Anytown is $575,000 and its NOI (net operating income) is estimated at $30,150 pa (per annum) based on its existing leases and revenue streams. You expect to incur some additional closing costs including land transfer tax estimate ($7,975), legal fees on […]

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Oct 05

Pizza for the people by the people

By Bruce Firestone | Business Coaching , Business Models , Design , Entrepreneurship , Finance , Ideas , Investing , PB4L , Real Estate , Sales & Marketing , Urban Economics

So, you think you know something about modern-era business models? Well, test yourself by examining what chief executive officer Michael Lastoria has done with his fledgling chain of tiny (300-square foot) &Pizza restaurants, which now number 36 locations on the US east coast. Here’s his secret sauce in which he invokes crucial elements of the […]

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Oct 03

How to get free labor to build your next home

By Bruce Firestone | Architecture , Business Coaching , Business Models , Design , Entrepreneurship , Finance , Green for Real , Ideas , Investing , Real Estate , Real Estate Investment Coaching , Urban Economics

[Negative Cost Labor (And Low-Cost Finance)] Sometimes, you can turn a cost into a negative cost. A former architecture student of mine, Dominique Tonetti and her husband, Frank Dutton, are managing to do that on their new project, Solisterra in Québec. Dominique and Frank are building wonderful straw bale structures on a 150-acre property they […]

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Oct 02

Longyards grand opening

By Bruce Firestone | Architecture , Business Coaching , Business Models , Design , Entrepreneurship , Investing , PB4L , Real Estate , Real Estate Investment Coaching , Urban Economics

While it is a long march from humble beginnings to a continent-spanning business operation, if anyone can do it, it’s my friend and coaching client, Chris Long, pictured here with his oldest daughter, Lily, at the grand opening of Longyards at 6571 Bank street in Ottawa Canada on October 1st, 2019. Chris is a trained […]

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Sep 29

Rick Mercer One-tonne Challenge

By Bruce Firestone | Architecture , Business Coaching , Green for Real , Ideas , Urban Economics

[Neo-urbanist catalysts and anti-catalysts] Some time ago, I saw a Rick Mercer GOC (government of Canada) produced television commercial titled the “One Tonne Challenge.” My eldest daughter, Rachel turned to me after the commercial and asked, “How do I personally go about reducing my carbon footprint, Dad?” That is one of the problems with well-meaning […]

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Sep 28

Why you need an owner in the house

By Bruce Firestone | Business Coaching , Entrepreneurship , Life Coaching , Sales & Marketing , Sports & Entertainment

Why is it that, for the longest time, the National Football League refused to allow corporations to own one of their franchises? It’s because the NFL understands perhaps better than any other league that a close relationship between ownership and fans/sponsors/corporate community/marketing partners/suppliers/agents/players/coaches/GMs/scouts/lenders/staff/local, state and federal politicians, police and regulatory bodies is incredibly important. With […]

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Sep 19

The problem with deposits and what is a legal agreement anyway?

By Bruce Firestone | Business Coaching , Entrepreneurship , Finance , Investing , Real Estate , Real Estate Investment Coaching , Urban Economics

Most agreements of purchase and sale have a number of elements in them— A (small) deposit which is credited on completion A down-payment (added to the deposit) on completion A mortgage in 1st place from a major lender And sometimes a 2nd mortgage seller take back from the seller or a 2nd mortgage from a […]

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