Category Archives for "Finance"

Jan 13

How many ways are there for Canadian real estate entrepreneurs to get screwed?

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

[The problem with low appraisals] I am frustrated that Canadian real estate entrepreneurs have so few options when it comes to financing their projects. My friend, Matt Slobodian from Canada ICI wrote this: The regulatory framework in Canada focuses on safety and soundness (it is federally regulated via OSFI, which implies higher standards) whereas the […]

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Jan 10

Why American businessmen and businesswomen are eating everyone’s lunch

By Bruce Firestone | Business Coaching , Entrepreneurship , Finance , PB4L , Real Estate , Real Estate Investment Coaching

I coach some fantastic entrepreneurs in the US, Canada and elsewhere. However, there is an experience common to entrepreneurs the world over except for the US. Their business ecosystem is different. I wrote to a Canadian woman I coach who runs a real estate portfolio focused on Airbnb and student rentals who is expanding her […]

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Dec 21

What are the best (legal) businesses to be in?

By Bruce Firestone | Architecture , Design , Entrepreneurship , Finance , Real Estate , Real Estate Investment Coaching , Sales & Marketing , Sports & Entertainment , Urban Economics

(Excerpt from Don’t Back Down, the real story of the founding of the NHL’s Ottawa Senators and why big leagues matter) The most profitable businesses are either illegal (like drugs) or government-owned like property taxes, alcohol distribution (at least in Ontario and Quebec), utilities and lotteries (plus drugs, if you count legalization of cannabis in […]

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Dec 15

How much does it cost to remove 1.7 million tons of fill?

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

This is the wrong questions to ask. Why? Because every entrepreneur knows how to pull endless rabbits out of his or her hat. So, what is the right question to ask? How do we turn a cost center into a profit center? This is what we did at Dunrobin Lake. We got permission from MNR […]

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Nov 11

Warren Buffett’s secret sauce revealed in a single paragraph

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

Think about it—Mr Buffett has been buying stock in well-managed, top brands for many decades. These stocks (for the most part) pay dividends, which Mr Buffett used to pay down debt he took on (through his principal investing vehicle, Berkshire Hathaway) to purchase these investments in the first place, which (again, for the most part) […]

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