Business Principles - Challenges

Business challenges:

I'm often asked how I can manage successfully so many different streams of income and businesses while staying in balance with a good lifestyle in my personal life with my family.

First, let me share with you what I have going on simultaneously:

• The commercial real estate acquisition and management in US and PR with some of the biggest Tenants in the world leasing from me in Puerto Rico, along with attached condos and penthouses that need management to either resell or rent, rehab, etc.
• The discount note mortgage business that is based on the acquisition of REO properties from the banks, rehabbing them and reselling them originally in the Midwest, now focusing on FL and soon expanding into CA. www.Medawarinvestments.com
• The investment and business education company along with its steady schedule of events to train and assist students to invest and its active email support activities. This will soon to be expanded into business programs, securities trading, and TV infomercials with coaching and online home study courses www.CMREI.com
• The private fund MIGSIF that is actively buying, rehabbing, and reselling properties in the bay area. www.MIGSIF.com
• The retail business division with a 10 years old business in Puerto Vallarta, an international jewelry company partnership with an exclusive in the country of Mexico along with a new silver Jewelry design and production line to grow worldwide. www.theYolo.com
• Angel investing with a business advisory and consulting business to help executives, business owners, and high tech gurus expand their businesses and reach their potential faster and more profitably.

All this is happening while having an active family life with my wife and our two young kids. I spend plenty of time at home. We have several residences between CA. and other places, but currently, we spend most of our time together in Cancun on the beach, where life has a different pace and the kids get to play and exercise endlessly.

The main focus is almost always cash flow first then growing the asset itself. But to handle so much at once I simply learned how to manage from a distance.

There are certain rules for expansions and the most important element is having the right executives working with you.

In each of the business models above, there is at least one executive that is in charge. That individual must be intelligent, energetic, and ethical to handle that particular business endeavor.

To ensure success, I develop a checklist by type of business and use it to monitor the progress, challenges, and growth of each business with that key executive.

I work with people who, like me, constantly seek to gain new knowledge, take full responsibility for the outcome, and stay in complete control of the processes.

We enjoy communicating and brainstorming about how business models can improve and add value and profit to everyone.

There is no doubt that every business comes with its own set of challenges, so working with people that care and have the ability to think creatively and execute effectively and ethically without being pushed or reminded of the goal is the only way to operate, succeed and grow.

My investment education company holds a four days Cancun event to have each attendee present his/her business goals, challenges, and opportunities.

We brainstorm to get all the marketing, operation, and business ideas flowing then we choose the best course of action for each attendee to follow through and commit to the higher standards and results.

There is nothing more powerful than having a group of intelligent business people together and have them think together.