Category Archives for "Entrepreneurship"

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, http://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 […]

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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 […]

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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 […]

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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 […]

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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 […]

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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 […]

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