15  Nov
CYA Strategy

CYA or “Cover Your Ass” is a strategy that I have seen used over the past few months. I have been working on a project that involved many different parties. The crazy thing about the project was that no one wanted the project to succeed, all anyone wanted to do was cover their ass and place blame on others. It would have been just as easy to make the project a success as to blame others.

I don’t like this strategy but believe that it has its place at certain times. I feel you should always attempt to do your best and succeed on the first go. If you are unable to pursue your strategy because of external factors you might have to cover your ass. I don’t recommend working in this type of environment if you don’t have to, don’t. These aren’t the types of people or parties you will be successful with.

Popularity: 5% [?]

Posted by LeGo, filed under Strategy. Date: November 15, 2008, 3:56 pm | 1 Comment »

I have been on the road a bit and caught two unique strategies, both have been discussed before, but are worth mentioning. I was in a board meeting with a few people this past week and saw a silent strategy played out to its fullest. Two parties were negotiating “changes” to a project. One party set still/silent and just watched the other party dig a hole that they could not get out of. It was a basic strategy of defense that left them with nothing to do but wait until the arbitrator had heard enough nonsense…

The next strategy is unique. It is the “play dumb” strategy. Basically you act as if you aren’t the smartest guy in the room and bring everyone down a few levels. You let them feel “comfortable” around you. You say things that loosen the mood, but give nothing away of yourself. Once the others feel as if they are around an insignificant person they begin to give up all of their knowledge. The guy who played this move took away a wealth of knowledge he needed while the others in the room ignored him enough to give up all of their strategies.

No matter what strategy you choose to use in life, make sure it works for you.

Popularity: 5% [?]

Posted by LeGo, filed under Random, Strategy. Date: November 9, 2008, 9:09 pm | 1 Comment »

06  Oct
Value of People

It has been brought to my attention recently the value of hard work and good people. To say it bluntly there are a lot of slackers out there. At the same time there are great people as well. Sometimes we need role players and sometimes we need self motivated problem solvers. I have a friend that just doubled the size of his business within a month. He went from 180 people to almost 400. He did this by taking over a competitor. To make the transition go smoothly though he had to depend on some key players. So far everything is going great. It it were just him going along with people that he could not trust he would not be able to succeed.

When you are dealing with such a large group of people it is hard to do it all yourself. You can’t communicate to everyone, so having a few people you can depend on essential. If there is a break in communication it can kill the whole business. Remember to keep good people around you and to reward them along with yourself. Prepare for the success you want to have and keep people you value with you.

Popularity: 5% [?]

Posted by LeGo, filed under Strategy. Date: October 6, 2008, 7:23 pm | No Comments »

24  Aug
Don’t Skimp

There are a few areas in life that you can skimp on and be good. There are also a few areas where you will get screwed over quickly if you skimp. Use your own lawyer when you buy or sale real estate. It will be worth every penny to have someone looking out for your best interest. Even as you gain experience you will want someone that you can trust reviewing documents before you have to. I have seen a couple of HUD statements recently that truly represent the person without their own lawyer.

Also don’t skimp on insurance. I am not going to advice which plans to go with or not, but I will say that you will sleep better when you have insurance. Most loans require insurance, but if you are dealing with cash you can do what you like.

Think of these things like the 10 crack commandments or condoms. “Credit dead it/You think a crackhead payin’ you back, shit, forget it” “keep your family and business completely separated/money and blood don’t mix/like two dickss and no bitch”

Popularity: 8% [?]

Posted by LeGo, filed under Strategy, Videos. Date: August 24, 2008, 8:50 pm | No Comments »

06  Aug
Patience

Patience is defined as “good-natured tolerance of delay or incompetence.” They say patience is a virtue. In the business world I would say that patience can be replaced with forget it or replace it. I find in the business world that I am waiting on things and trying to be patient. Me rushing people helps nothing. Me worrying also does not help things. Banks are slow, realtors are slow, everyone is slow. People generally do things when they benefit from them.

So recently I have just been saying forget it. It has worked out for me well in a few cases. I will leave people alone and they end up getting lonely and begging for business. They come up with better offers and better deals. You also give them time to do whatever it was that they needed to get done before your tasks.

A lot of people like to play games in business. I say forget them and their bs. You can not do this in all cases because there are things you have to get done. Do those. For other things try to have multiple options. Be loyal to those that are loyal to you. Evaluate your business and recognize where you are wasting resources. If you are having to wait on people too often maybe it is time to stop being patient. 

“Things may come to those who wait, but only the things left by those who hustle.”  Abraham Lincoln

Popularity: 4% [?]

Posted by LeGo, filed under Strategy. Date: August 6, 2008, 10:31 am | No Comments »

01  Aug
48 Laws of Power

If you have not read the 48 Laws of Power I highly recommend it.  The book is highly recommended from all walks of life.  Below is a chapter break down of the book. I could talk about the book for ages, and really get not do it justice.

The 48 Laws of Power

by Robert Greene and Joost Elffers

Law 1

Never Outshine the Master

Always make those above you feel comfortably superior.  In your desire to please or impress them, do not go too far in displaying your talents or you might accomplish the opposite – inspire fear and insecurity.  Make your masters appear more brilliant than they are and you will attain the heights of power.

Law 2

Never put too Much Trust in Friends, Learn how to use Enemies

Be wary of friends-they will betray you more quickly, for they are easily aroused to envy.  They also become spoiled and tyrannical. But hire a former enemy and he will be more loyal than a friend, because he has more to prove.  In fact, you have more to fear from friends than from enemies.  If you have no enemies, find a way to make them.

 Law 3 Conceal your Intentions

Keep people off-balance and in the dark by never revealing the purpose behind your actions.  If they have no clue what you are up to, they cannot prepare a defense.  Guide them far enough down the wrong path, envelope them in enough smoke, and by the time they realize your intentions, it will be too late.

 

Read the rest of this entry »

Popularity: 4% [?]

Posted by LeGo, filed under Strategy. Date: August 1, 2008, 9:50 am | 1 Comment »

One of the biggest lessons I have learned and been reminded of over the past year is that of location.  Location is key in any investment.  There are a record number of foreclosures in the US right now.  Living beside foreclosures devalues your property.  Buy a foreclosure can bring forth an opportunity, though if 50% of all the houses in the same subdivision later fall prey to foreclosure you could be out of luck. 

I had brought a home in a decent subdivision this past year.  It was the second foreclosure in the 100+ home subdivision.  It was a great deal.  Since my purchase 10 other homes have gone into foreclosure.  The neighborhood has not changed, but its reputation has.  Realtors are avoiding the area.  To say it honestly I messed up.  Could I have seen this happening?

 The subdivision was built by a national builder.  What I found out later was that Country Wide secured 90% of the loans and most of the loans were subprime.  If I would have done a little more research before I had bought I would have been in a better situation as the buyer. 

I was talking with a local builder that also helped drill location into my head.  He has the option to buy two pieces of property.  Both are 3 acres.  One is $50,000 and the other is $100,000.  He can invest $200,000 into a home on both pieces of property.  Afterwards the house built on the $50,000 lot would be worth $250,000.  The house built on the $100,000 lot would be worth over $400,000.  The difference is location.  You are not always looking for the cheapest deal.  You have to look for the best opportunity.  Location can help guide that search. 

In looking forward this year I will be concentrating on the 3 l’s.  Location, location, location.  There are some neighborhoods in Raleigh that are seeing increasing prices while all you read about in the news is the decline.  There are foreclosed houses in Raleigh that are going for $300+ a square foot.  That is what is going on. 

Popularity: 5% [?]

Posted by LeGo, filed under Strategy. Date: July 28, 2008, 9:54 am | No Comments »

09  Jul
Buyers are Crazy

So what is the deal with buyers these days?  Does it matter to you if your house cost $300,000 or $350,000?  Or does it just matter that your payments are $2,400 a month?  Does the percent of interest matter?

I used to drive around and see new subdivisions with big signs out front with home prices.  The neighborhoods would announce that homes here are between, $250-300,000 or $X and up.  Now I drive around and see new home subdivisions with signs that say $2,131 a month.  These are all new home subdivisions with homes for sale advertising the monthly you would have to pay to be in a home.  Some of these subdivisions previously had signs with home prices, but now the signs just advertise the montly. 

Just off the top, I am wondering what this $ amount really means.  Does it include insurance, hoa, taxes, etc…  What is the price I am paying for the house and what interest rate am I getting on the loan? 

Either I am crazy for not jumping on the new marketing trend and/or buyers are crazy for not caring what they are buying.  Either way I feel it is this type of trend that ruins economies…  What matters most to you, the monthly cost or the homes cost or both?

Popularity: 6% [?]

Posted by LeGo, filed under Strategy. Date: July 9, 2008, 3:11 pm | 1 Comment »

03  Jul
Goal Setting

You have to set goals and do your best to keep them rolling. 

Don’t get bogged down with the details.  While the details have to be done, make sure you remember the big picture.  Each small goal relates to larger goals.  Do not give up the larger goals because of adversity with smaller goals. 

 It is good to get your head out of the sand and see the big picture.

Popularity: 3% [?]

Posted by LeGo, filed under Strategy. Date: July 3, 2008, 1:26 pm | 1 Comment »

30  Jun
Business Strategy

“We never finish, we just run out of time”

If this is your business strategy, it might be time to start over from scratch.  Go ahead and forget about the Phantom…

Popularity: 5% [?]

Posted by LeGo, filed under Strategy. Date: June 30, 2008, 7:41 pm | No Comments »

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