Mistakes to Avoid as an Entrepreneur

James Mahan New Braunfels Entrepreneur

Becoming a successful entrepreneur isn’t always going to be simple, but it’s certainly a worthwhile endeavor. Many new entrepreneurs wind up making certain mistakes that will hold them back, though. Keep reading to learn about the mistakes that you should try to avoid as an entrepreneur. It will help you to get yourself to a better place and find the success that you have been hoping for. 

Not Knowing When to Say No

Biting off more than you can chew is a very bad thing in the entrepreneurial world. You need to know when you’re at your limit and this means saying no to people sometimes. It’s only possible to do so many things at once and not every opportunity is going to be good for you to agree to. Consider getting better at telling people no and recognizing when the time is right to turn people down. 

Perfectionism

Perfectionism is something that can hold you back from getting things done. It’s good to be committed to delivering quality products or services, but efficiency is also important. You can’t get hung up on small details because you need to get things finished on time. Find a good balance between doing superb work and being able to get things finished in a timely fashion. 

Cutting Back on the Wrong Costs

Trying to save money as an entrepreneur is good and you should be mindful of what you’re spending. However, cutting back on costs in certain areas will be counterproductive. You have to spend money to keep your business operations going smoothly and it isn’t always good to be stingy with funds. Be mindful of where you can cut costs safely and try to make sound decisions. 

Taking Big Risks

Taking big risks won’t always pay off and you should try to be smart about things instead. Risk is a part of being an entrepreneur, but smart entrepreneurs take calculated risks. You don’t want to put your entire operation in danger in the pursuit of something that might not pay off. Understand the risks that you’re taking and be ready to take risks only when you’re sure that they’re worth taking. 

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Seven Tips for Recovering From a Crisis

James Mahan New Braunfels Crisis Management

Going through a crisis is something that can be very frustrating. It isn’t always going to be easy to determine how to move forward, but you can get through trying times. Examine the following seven tips for recovering from a crisis. They should help you to do the best job that you can while recovering and you’ll be able to feel more confident that you can make it. 

  1. Be Resilient

Being resilient is important when you’re trying to recover from a crisis. You can’t lose hope and give up if you want to be able to get things back to normal. Understand that hard times don’t last and that things can turn around if you put in the effort. 

  1. Keep Yourself Accountable

Accountability is more important than ever when you’re trying to recover from a crisis. Keep yourself in check and be ready to acknowledge the things you have done wrong. You can become a better and stronger individual when you’re willing to hold yourself accountable. 

  1. Be Kind to Others

Being kind to others during a time of crisis is going to make things better overall. You should avoid taking your frustrations out on those close to you and you should instead turn to people for support. Be there for others and they will also be there for you. 

  1. Be Honest

Honesty is going to be much better than dishonesty when you’re trying to get through a tough time. Lies pile up and they’re hard to maintain whereas honesty allows you to get to a better place. Be an honest individual even when it’s tough. 

  1. Be Consistent

Consistency is going to help you out in a number of different ways. Try your best to be a consistent individual who puts forth effort each day. A crisis situation doesn’t have to negatively impact your work ethic and drive. 

  1. Remain Positive

Remaining positive might not seem easy given that you’re going through a crisis. However, you need to know that your positivity in regard to your current circumstances makes a difference. You can make progress and move forward when you maintain a positive attitude. 

  1. Don’t Be Afraid to Ask for Help

Don’t be afraid to ask for help if you need it. No one has to go through a crisis alone and you can always turn to your support system. It’s also smart to get help with work from your colleagues or team members if you need a bit of help with that. 

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Cheap Projects to Boost Your Home’s Value

James Mahan New Braunfels Home Improvements

It’s a good idea to do what you can to boost your home’s value. This is especially true if you’re looking to sell your home at some point very soon. There are actually a number of inexpensive projects that can help to boost your home’s value. Read on to learn about cheap projects that you can undertake to increase the value of your home.

Painting Your Door

Painting your door is something that can add some visual appeal to your home. It’s also not going to cost much money at all to accomplish. Simply remember to paint your door a color that matches up well with the color of your home. It might be smart to also paint your shutters the same color as your door.

Landscaping

Landscaping is going to help your property to have more appeal too. You could go really far with this landscaping project or you could just spruce things up a bit. Planting some new flowers and making your yard look nice is simple enough. It’s also possible to add some beauty to your property by making a patio or adding a walking path of some kind.

Adding New Carpeting

New carpeting could make your house look a whole lot nicer than it does right now. You never want to try to sell a house that has old and unappealing carpeting. If you can’t afford to buy brand-new carpeting for your home at this moment, then you could try to shampoo your existing carpets. This has the potential to bring the carpets back to life and make them look vibrant again.

Caulking Bathtubs and Sinks

Caulking your bathtubs and sinks won’t cost you much money and it’s worth doing. You just need to buy some caulk and use it to make sure that you don’t have any leaks. It’ll make your bathtubs and sinks look more presentable while also improving functionality. Do this before you think about showing your home to potential buyers.

Re-Grouting Tile Surfaces

You don’t necessarily have to install new tile in your bathroom if it looks a bit dingy. Simply re-grouting it will get you good results and it’ll be cheaper. Chip out the old grout and then add in the new grout. It’s a simple enough project for most people and it’s very cost-effective.

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Easy Things to Do to Stage Your Home

James Mahan New Braunfels Home Staging

Staging your home is something that can have a very positive impact when you’re trying to sell it. If you do things the right way, then you’ll be able to make your home that much more appealing. Not everyone is an expert when it comes to home staging, though, and some might feel intimidated about doing this. Thankfully, there are many easy things that you can do to stage your home.

Ensure That Things Are Lit Well

Ensuring that your home is well lit will definitely make things look more appealing. You should try to let natural light into the house by making sure that the curtains or blinds aren’t being blocked by furniture. Open those curtains and blinds while also remembering to keep all the lights on when the home is being shown. It’ll give the people checking out your house a better overall impression.

Clean Everything Thoroughly

Cleaning everything thoroughly is for the best when you want to leave a good impression. Remember to clean things that aren’t normally cleaned all that often. Get in the corners of your rooms and remember to clean light switches, baseboards, doorknobs, railings, and inside your lamps. This will help you to avoid accidentally turning buyers away when they’re checking out everything.

Remember That Less Is More

Staging your home is about making things visually appealing and too much clutter can take away from the appeal of your home. It might be a good idea to eliminate certain decorations or pieces of furniture from various rooms. If things are very cluttered, then it will make rooms seem smaller than they really are. Consider what you can do to open up the space.

Remove Personal Items

It’s also wise to minimize the presence of personal items because you want the potential buyers to be able to picture themselves in the home. Remove family pictures and other personal items from the rooms that are being shown off. It will make it easier for people to imagine themselves living in your home. It isn’t hard to remove your personal items and this can actually help you to declutter certain rooms too.

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Asset Management Tips for Businesses

James Mahan New Braunfels Asset Management

You need to try to do the best job that you can when managing your business assets. This isn’t always going to be simple whether you’re talking about tangible assets or intangible ones. However, you need to do what you can to rise to the occasion and manage these assets well. Keep reading to learn about several asset management tips for businesses. 

Find Reliable People to Manage Certain Assets

One of the best ideas that you can focus on is to find reliable people to manage certain assets. You know that asset management is a crucial aspect of keeping your company safe. If you can find an employee or a team of employees that will manage your assets well, then you can tap them to do so. You just want to make sure that these people are dependable and trustworthy before giving them such an important task. 

Learn About Asset Life Cycles

It’s also going to be imperative to learn about asset life cycles and how they will impact your company. Not all of your assets are going to be permanent ones. Many of them will need to be cycled out or upgraded over time. Do your best to understand your assets and their life cycles so you can make the smartest decisions for your company. 

Track Your Assets

Tracking your assets helps you to ensure that you know where things are at during any given time. You need to focus on asset tracking because losing assets is a real problem for many companies. Have a reliable tracking system in place and you’ll be in a much better position. Also, set up specific times where you’re supposed to look at your assets to ensure that they are where they’re supposed to be. 

Automation

Automation can help you when it comes to asset management as well. Many companies have started using automation to handle tasks efficiently and you could save a lot of time by doing this. Automation software can keep track of things such as asset value, depreciation, maintenance, contracts, and much more. If you would like to make things easy on yourself, then consider automating asset management by getting the right software. 

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Mobile Millennials and Their Unique Relationship with Real Estate

James Mahan New Braunfels Real Estate & Millennials

The COVID-19 pandemic has changed the world in many surprising ways. You’re seeing a lot of people work remotely now due to the circumstances and millennials are a big part of that trend. You see, millennials are very qualified to work remotely because they have the right experience and training to work using computers. This ability to work remotely is also changing the way that they look at real estate.

Breaking Leases

If you don’t need to be in a specific location to work at your job any longer, then why are you staying in one place? This is a question that some millennials are asking themselves at the moment. You might see a trend of more millennials breaking their leases in favor of traveling around. This might seem strange at first but it can be very freeing to be able to not feel shackled to an apartment or house any longer.

Traveling

Traveling certainly appeals to millennials and it isn’t unusual for millennials to want to travel while working. You can definitely argue that traveling isn’t wise during the pandemic but that doesn’t necessarily stop some people. Traveling and living in an RV or a large van instead of a home is possible. Some millennials choose to live this way and enjoy road trips as they keep on working remotely.

You’ll even find people spending cash on nice AirBnB rentals instead of renting an apartment. They could work remotely from some unique location that they have always wanted to visit. Once they’ve had fun exploring that area, they’re able to move on to do something else. This might seem as if it is a chaotic way of living to some but there are portions of the millennial and Gen Z population that will like this.

Will Millennials Return to Homes?

Will millennials return to wanting to rent or buy homes in the near future? Time will tell and it’ll have a lot to do with how things shake out with the pandemic. Economic uncertainty could keep some people from wanting to commit to things such as mortgages or apartment leases. However, it’s unlikely that most millennials would want to simply travel forever.

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Is Your Unemployment or Severance the Key to Entrepreneurial Success?

James Mahan New Braunfels New Entrepreneur

Wanting to start a business is pretty normal, but it can be hard to figure out how to get things started. Many people can’t figure out what the best time is to pursue an entrepreneurial idea due to not being able to forego a paycheck to make it happen. Could your unemployment payments or severance package be the key to entrepreneurial success? Read on to explore how this situation could help you out in the early days of your business idea. 

Using Your Unemployment Money to Seed Your Business 

It’s certainly possible to use your unemployment money to seed your business if you have enough of it. You’re going to need a certain amount of money to get your business idea off the ground. Try to determine how much you need and then see if your unemployment benefits are enough to make it happen. For most people, this is still going to be tough since you also need to use some of that money to pay your bills and keep on living. 

This is likely going to be a more practical idea for those who are earning more cash. If you were working a lucrative job and received a good severance package, then that money could be very helpful to you. You can use that cash to buy things that you need for your business while also taking care of your personal expenses. It all comes down to how much you need, how much you have, and how much you can afford to spend. 

You Could Keep Working Too

It’s possible to keep working while pursuing a business idea as well. There are many entrepreneurs who work on business ideas on the side while maintaining a corporate job to keep money coming in. It won’t be as easy to dedicate time to a business idea if you have to work a normal job, but it will keep the lights on. If you can slowly build your business idea until it’s ready to go, then you will mitigate the risk to your personal financial well-being. 

Saving cash over time might be safer than trying to use your unemployment to pay for your business idea. You could try to bank extra cash to use as business funds. It might take a long time to save up what you need by going this route, but it would be substantially safer than trying to use a small sum of money in a short period of time to launch a business. Consider your options and how much cash you’re making before moving forward with anything. 

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Advertising in the Time of the Coronavirus

James Mahan New Braunfels Ads During Covid

The COVID-19 pandemic has had an impact on many areas of life and industries. The advertising industry is something that has been impacted quite a bit by the pandemic as well. It is said that $50 billion dollars are being wiped out of the advertising budget due to coronavirus. Keep reading to learn a bit more about just which areas of advertising are being impacted the most. 

Print Ads

Print ads are way down due to the coronavirus, and it makes sense that this would happen. People aren’t going out into the public as much this year due to the pandemic. You aren’t seeing people buy newspapers or magazines as often as they would before. Instead, you’re seeing people turn to online sources for entertainment and news, which makes a lot of sense considering the situation. 

Television Ads

Television ads are also down during the time of the coronavirus. Television advertisement spending has been reduced by over 13% and even cinema advertisements are down. Companies aren’t as comfortable spending massive amounts of money on advertisements in these sectors at this time. Experts hope that things will change as the pandemic gets under control, but it isn’t known what the long-term effects of this pandemic will be on traditional advertising options. 

Online Ads

Online ads are being impacted a bit by the coronavirus as well. Overall, spending is going to be down in the online advertisement realm. It isn’t being hit as heavily as the other areas due to people still spending a lot of time online. The growth of online advertisement will be stunted just a bit by the pandemic, but it’s still growing at a slower pace than was originally predicted before the pandemic. 

Moving forward, you’ll likely see a lot more companies spending money on online ads versus other types of ads. Social media advertisements and other types of online ads should keep growing over time. Time will tell how much the growth of online ads will bounce back to the record high numbers of the past. The year 2021 might be a lot different than 2020, after all. 

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Tech That Can Help Real Estate Investments

James Mahan New Braunfels Real Estate Tech

If you want to get the most out of your real estate investments, then it’s wise to make use of technology. Tech is capable of helping you manage real estate investments so that you can avoid problems. Read on to learn more about how tech can help real estate investments. If you use tech properly, then you won’t have to worry nearly as much.

Streamlining the Process of Getting Things Done

Being able to get things done faster will help to protect your real estate investments. Typically, reviewing documents and details will be a very time-consuming process. However, this is only the case if you’re reviewing things manually and you aren’t making use of tech. You can use artificial intelligence to go through everything in a matter of moments and it’s very reliable.

AI makes it possible to confirm that things are how you need them to be. If there are any issues with an investment, then the AI will be able to bring those to light. It can go through millions of data points in a matter of minutes and you’ll get all of the answers that you need. This makes it possible to avoid wasting money on what would wind up being a bad deal.

Improving Efficiency with the Cloud

Things can easily fall between the cracks when you’re sending documents back and forth. You need to communicate with all of your people to get investment deals done but doing things manually without using cutting-edge tech isn’t ideal. You can make things so much more efficient by simply using the cloud. Everyone will be able to seamlessly get things done and you won’t have to worry about people missing certain details.

Using CRE Software

CRE software can even protect your investments by automating things and making it easy. You can set things up so that they will be handled automatically by the software. It saves you a ton of time while also protecting your investments. Getting things done doesn’t have to be difficult and you can rely on tech to make your real estate investments as safe and efficient as they can be.

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How Tech Is Changing Spending Habits

James Mahan Spending Habits

Technology has had such a huge impact on the world in the last several decades. With technology becoming such a big part of everyone’s lives now, it should come as no surprise that tech is also changing spending habits. Keep reading to learn more about how tech has an impact on the spending habits of everyday people. It just might open your eyes to how some of your spending habits have shifted due to technology. 

Impulse Buying

Impulse buying is easier to do now than it has ever been at any point in time. Everyone carries around a smartphone, and this phone has access to all of the online shopping apps that you could want. Some people peruse online marketplaces when they’re bored, and they wind up placing orders without putting much thought into it. The rise of convenient and automated online shopping has made many people start spending more money on things they don’t necessarily need. 

Online Banking

It’s also simpler to keep an eye on your bank balance and account information than it was in the past. You can monitor your spending habits and keep tabs on how much cash you have by just logging into your banking app. Many people are much better at budgeting than they used to be because they are always able to see what they have to work with. Not everyone is responsible like this, but many people are. 

Social Media Influencing Purchases

Purchases are now influenced by what is going on at social media networks as well. You see, social media ads are a big deal, and many people get informed of products through social media. There are also people known as social media influencers who help to push various products. In many ways, social media helps to reinforce the “need” to buy certain things socially. 

Finding Discounts and Deals Online

Have you ever looked online to try to find discounts and deals? You can actually be a much smarter shopper if you use the internet to its full potential. It’s not too hard to find discount codes for online marketplaces, and you can also easily comparison shop at various websites. You have so many choices when shopping online, and it also helps when you’re looking to save cash by buying an item at the lowest price possible. 

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