Category Archives for "Entrepreneurship"

[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 […]

A friend of mine is giving his first ever keynote. Here are a few (hopefully helpful) hints I just sent him: -about ½ hour before you go on stage, eat ½ a chocolate bar; your brain runs on sugar… my mother-in-law, who was head nurse at a local hospital with responsibility for 350 employees, told […]

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 […]

The Telfer School of Management’s professor Barbara Orser assisted by Luc Lalande has asked me to give one last lecture in 2016. I tried to make it both fun and informative. You can watch the video of the lecture below. It is also available on YouTube, https://youtu.be/GqqdLeT25us Here is the slidedeck I used, https://www.dropbox.com/s/jvo3187hnzr3397/firestone-legacy-lecture.pptx?dl=0 Here’s […]

There are many ways to value your real property— by completing a CMA, comparative market analysis, yourself or asking a realtor to do one for you, using the DFCA (direct comparison approach)—comparing what other similar properties have recently sold for in the same general area within the recent past (aka using “comps”) 2.       by using a cost approach—that is, determining the […]