Category Archives for "Entrepreneurship"

Jan 20

Is there more to life than money?

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

Ah, actually no. Let me explain. Wealth Factory says, “There is more to wealth than just money. Real prosperity involves your health, your spirituality, your relationships and your overall emotional/mental wellbeing. People don’t live compartmentalized lives.” But I think the way to achieve “harmony” is through one of two methods: You make so much money […]

Read more
Jan 19

The case of the rich dentist and his perpetual motion machine

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

[This is an excerpt from an upcoming book I am working on called, Business Model Illustrations, Real Estate Investment and Personal Business for Life Mini Case Studies] David Leigh (not his real name) is a rich dentist, age 44 when he first comes to Firestone for coaching. He is a lean, polite married person with […]

Read more
Jan 01

Three Laws of Power Selling

By Bruce Firestone | Business Coaching , Entrepreneurship , Finance , Investing , Real Estate , Sales & Marketing

[Note: this is an excerpt from Entrepreneurs Handbook II, https://brucemfirestone.com/product/entrepreneurs-handbook-ii/] Here are Firestone’s Three Laws of Power Selling. First, I’ll iterate them and, second, I’ll give some examples that will seek to illustrate how the Three Laws of Power Selling actually work. Most people read these types of things and they nod wisely but really […]

Read more
Dec 21

Top 10 most important entrepreneur attributes

By Bruce Firestone | Business Coaching , Entrepreneurship , Life Coaching

Asked by Telfer School of Management’s Catherine Elliott to rank the top 10 most important attributes an entrepreneur should have (and the bottom five) from her lengthy list, here’s what I came up with– Top 10 (in no particular order) DrivenOptimisticInnovative problem-solverCreative thinkerSeeks to make a contributionRisk-takerDeliversOpportunisticFlexibleAims to make a difference Bottom 5 (in my […]

Read more
Nov 07

Building a real estate business model with burgers

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

[A version of this article first appeared in Ottawa Business Journal, https://www.obj.ca/bruce-firestone] When most people think about business models and modeling, they think it only applies to tech startups but turns out, they’re just as important in any industry including real estate. If I ask someone about real estate models, she or he will probably […]

Read more
May 26

Why Not Make it Nine?

By Bruce Firestone | Architecture , Business Coaching , Entrepreneurship , Finance , Investing , Sports & Entertainment , Urban Economics

[Here’s an article I wrote in 2009 for a local Ottawa newspaper that is worthwhile re-reading today amidst talk of the Sens possibly packing up and heading to greener pastures (possibly Quebec City) due to attendance woes in the 2016/17 regular season and playoffs as well as subsequent years. I think a better idea would […]

Read more
Feb 22

25 Steps to Entrepreneurial Success

By Bruce Firestone | Business Coaching , Business Models , Entrepreneurship , Finance , PB4L , Real Estate , Sales & Marketing , Sports & Entertainment , Urban Economics

I am often asked, “What are the keys to success?” I have developed some ideas about this over the years and, like any such list, mine is bound to be incomplete. Worse than that, many of these ideas about success are contradictory. Things that I learned from my Dad, Professor O. J. Firestone, like “Never […]

Read more
Jan 06

Approval of Coach Houses Opens the Way to Better Urban Design

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

(This article first appeared in OBJ,  https://obj.ca/article/opinion-coach-houses-open-door-better-urban-planning-ottawa.) As OBJ readers may already know, the city of Ottawa recently changed its bylaws to permit construction of coach houses on many existing residential lots. This is part of a worldwide effort to densify and intensify existing urban areas to make them more interesting, more diverse, and more […]

Read more
Nov 09

Equity Lord

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

[This article originally appeared on Spirepoint.ca] The number of mega wealthy people on this planet (a class that includes billionaires and millionaires, the latter, however, must have a net worth greater than $30 million USD to be included) is a tiny percentage of overall population—just 0.004% of adults qualify according to Wealth-X. This group controls […]

Read more
Mar 05

How to Calculate the Capitalization Rate

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

The Cap Rate Most real estate professionals do not use IRR, internal rate of return, calculations—they use cap (capitalization) rates to compare one project with another. The cap rate is an approximate assessment of ROI, return on investment, as all financial measures are anyway. But they are more approximate than the IRR is, in my […]

Read more
1 8 9 10 11
>