Category Archives: Business

3 Considerations of a Real Estate Profession

While there is no doubt real estate opportunities are always ripe for the picking, just like many other careers, you will have big shoes to fill to be on top. There is still tons of money to be made in the housing market; you just have to be willing to get past the difficult parts of the job. Keep reading for a few examples of these hurdles.

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1. Market Cycles

Before you list yourself as a licensed Texas realtor the Woodlands Tx, you have to understand that real estate does not always bring consistent money. The good news is, if you master this business, you will easily be able to make up for your slow months with your busier months. This can be frustrating in the beginning and takes years to understand the everchanging realms of real estate.

2. Picky Clients

As you can imagine, there are always those clients that want to see 50 houses in a week, but still have no interest in a property. Not to mention, their budgets probably don’t match with what they are hoping to land. The truth is, real estate is a demanding but rewarding business because you are dealing with a good chunk of people’s hard-earned money and their livelihood.

3. Satisfaction of a Sale

With all of this being said, there is nothing like the satisfaction of handing a client exactly what they want and knowing you have made it possible for them to get into their dream home. Being the liaison between your customers and their forever home is challenging, but well worth the effort.

As a realtor, you are the jack of all trades. You are a matchmaker, therapist and handyman all in one. While this may seem like it is not worth the while, the smiles on your client’s faces may change your mind!   

3 Milestones of Business in Free Enterprise

The history of free enterprise and capitalism is an amazing story. Debates about the merits of the free market aside, the rise and fall of a host of business empires is an engaging tale. Part of this saga includes the different kinds of business models that have emerged and the degree of success they have experienced. If business models were characters in an ongoing drama, a few of them would stand out at various times as leading the cast. Cottage industries, mass production factories and franchise development all captured the spotlight at various times.

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Early Business in Free Enterprise

Sole proprietors are likely the first-ever form of commerce to develop. It is easy to imagine that even in prehistoric times early humans developed the necessary mechanisms of trading and bartering. The rise of civilization spawned a new era in which specialization in production further refined these systems. Even in today’s internet-centric business environment, it is fascinating to witness individuals leveraging technology to hawk their wares all over the globe.

Industrial Revolution in Free Enterprise

The famously pivotal role of Henry Ford’s early mass production innovations fueled unprecedented growth and the rapid rise of living standards. Taking some of those techniques into the food chain birthed legendary franchise enterprises in fast food commerce. Factories became a huge force in business that has survived and today, and produce a seemingly unending variety of goods.

Modern Times in Free Enterprise

A new synergy entered the scene when the tiny electronic transistor was invented. The age of technology is perhaps the most dramatic example of massive changes in business. Computerized automation joined forces with mass production to launch a new paradigm in commerce. Robotic factories began the trend of reducing human labor inputs to the system. The mixed results of that marriage continue to play out in the marketplace today.

Speculation about the future of free enterprise ranges from dystopian to utopian visions. While some prognosticators forecast massive unemployment and even science fiction fueled machine domination, others see a golden age of unlimited resources and freedoms. Whatever may come to pass the drama of business remains a fascinating story.

Where Money and the Law Meet

Businesses large and small often share one thing in common. Many companies use banking services as part of their operation. These services include handling payments from customers, accounts payable and investing or loan servicing. These relationships have been a cornerstone of the capitalist system throughout history.

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During business operations problems arise because of conflict with customers, suppliers or taxing authorities. Sometimes these conflicts take the form of litigation between parties and the legal system gets involved. At times, a financial expert witness is employed to help sort out the difficulties. These issues typically arise over three areas of business operations.

Customer Business Conflicts

Disagreements over what was promised at the time a transaction took place are common. Many of these are settled before involving the legal system. If the amount of money in question is quite large though, litigation may ensue.  Conversely, if a customer refuses to pay for goods or services for some reason the business may have to resort to legal means to recover their rightful payments.

Supplier Business Conflicts

Timely payments or quality issues make up these problems. Suppliers often ship goods to a business and invoice the business for payment within 30 days. Disruptions in business operations may interfere with a company’s ability to conduct transactions with customers and adequately profit to pay for the goods supplied in a timely manner. Alternatively, if a supplier delivers goods that do not meet quality standards specified by the business, payment conflicts may emerge.

Taxing Authority Business Conflicts

Payment of taxes to a government authority is part of the cost of doing business. Generally, conflicts that occur here are over the way a business calculates its taxable income. Complex tax legislation and accounting practices used by businesses often result in these kinds of problems. These are the kinds of issues most commonly requiring outside assistance from experts.

The business world is in some ways a reflection of the web of relationships in other human affairs. Conflicts arising over money are very much like the conflicts that occur in these relationships. Fortunately, a system of laws and tools for sorting out and solving these problems exists and is available for parties engaged in commerce