Category Archives for "Real Estate"

Dec 27

Animate a whole town

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

The story of Tamworth, a small town in Ontario “Animation” is a term I use to describe ways of adding new revenue streams to an existing property. For example, clients of mine are adding storage sheds, backyard workshops, basement apartments, backyard coach houses, play areas (things like outdoor ping pong tables), private patio areas, outdoor […]

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Dec 26

Fork in the Road – The People, Places and Pivots that Shaped Bruce M Firestone, PhD

By Bruce Firestone | Architecture , Business Coaching , Family , Real Estate , Real Estate Investment Coaching

[Another GaVinci Report by Corey Oliver] Pivot – in the business world it means to shift. To move to Plan B when Plan A isn’t working. It’s the art of recognizing change in a market or industry before the impact of those changes can damage a business or organization. The challenge is recognizing WHEN to […]

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Dec 25

The last 3%

By Bruce Firestone | Architecture , Business Coaching , Business Models , Design , Ideas , Real Estate , Real Estate Investment Coaching , Urban Economics

Substantial completion (aka, substantial performance) in real estate is usually defined this way: When approximately 97% of work outlined in a construction contract is done. This milepost is crucial in this industry for a number of reasons: a) so, a contractor can get paid out without having absolutely everything done, b) so, an owner can […]

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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 16

What’s the difference between a “project” and a business model?

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

As someone who has tackled hundreds if not thousands of projects, I know the difference. It’s why now as a real estate investment and business coach, I preach using biz models instead of doing “projects.” In my day, I created over 1,200 home sites in multiple subdivisions, dozens of office buildings and shopping plazas, started […]

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