There is an old joke in business: Good/Fast/Cheap. Pick any two. What if you took one off the table? What is everything you offer has to be good? Then it can be fast, but not cheap. Or it can be cheap, but not fast. So you get paid well for working under pressure (which feels good), [...]
After the startupworkgrab, you know, the first months or years when a new business will take any paying work, there has to be a time of self reflection. You now have some data and you need to ask yourself some questions. I suggest that you pose these questions as negatives: What work is the least [...]
There is a divide, nay, a gaping chasm between free and $1.00. Does $1.00 mean that much? Not really, if a gallon of milk is $1.00 more this week than it was last week I doubt any of us would give it a thought. But paying $1.00 online requires time and effort. You have to [...]
A five-minute interruption is not five minutes. It is at least 10 minutes and can be as long as 30 minutes. Why? Because once you off task it takes a few minutes to remember what you were doing and refocus. People do favors for me all the time, for which I am grateful. I like to [...]
Drew University last week announced that it was slashing its tuition by 20% from $48,336 this year to $38,668 next year. So what prompted this act of altruism? Economic reality. Drew, like many small private universities, has struggled to maintain enrollment while charging a higher-than-average tuition. So how can Drew increase enrollment and maximize revenue? [...]
I know a guy who owns a lot of income-producing real estate, and he does everything wrong. All of his properties are in his personal name. Pleas by well-meaning lawyers to create single property LLC's to protect his personal assets have fallen on deaf ears. He leases space based on monthly rent and is not [...]
We purchased a new washer and a new dryer several months ago. The washer has a setting called Fan Fresh. When the wash cycle finishes, the machine breathes in fresh air and occasionally tumbles the clothes to keep wrinkles at bay. The Fan Fresh cycle lasts up to 12 hours. When we wash a load [...]
An example of my personal irrational decision making: I recently ordered several handmade and vintage golf ball markers on Etsy. Some have cool skull and crossbone logos and some are made of unique materials with a motto, my initials, etc. I love these silly things. Do I "need" them in any way, shape or form? Heck [...]
I have never regretted passing on a piece of business. However, I have deeply regretted taking on a piece of business.
The Appraiser Prosperity Coalition is seeking to level the playing field. I think they should just change fields.
I recently received an email request for a donation to the Appraiser Prosperity Coalition. I was not familiar with the organization, but I took some time to read up on who they are and what they are trying to accomplish. What I found was a group of well meaning residential mortgage appraisers fighting their latest [...]