COMMERCIAL MASTERING REAL ESTATE INVESTING the Art Of

Total Page:16

File Type:pdf, Size:1020Kb

COMMERCIAL MASTERING REAL ESTATE INVESTING the Art Of MASTERING the Art of COMMERCIAL REAL ESTATE INVESTING How to Successfully Build Wealth & Grow Passive Income from Your Rental Properties DOUG MARSHALL, CCIM NEW YORK LONDON • NASHVILLE • MELBOURNE • VANCOUVER Mastering the Art of Commercial Real Estate Investing How to Successfully Build Wealth and Grow Passive Income from Your Rental Properties © 2019 Doug Marshall, CCIM All rights reserved. No portion of this book may be reproduced, stored in a retrieval system, or transmitted in any form or by any means—electronic, mechanical, photocopy, recording, scanning, or other—except for brief quotations in critical reviews or articles, without the prior written permission of the publisher. Published in New York, New York, by Morgan James Publishing. Morgan James is a trademark of Morgan James, LLC. www.MorganJamesPublishing.com The Morgan James Speakers Group can bring authors to your live event. For more information or to book an event visit The Morgan James Speakers Group at www.TheMorganJamesSpeakersGroup.com. ISBN 9781642790153 paperback ISBN 9781642790160 eBook Library of Congress Control Number: 2018936396 Cover Design by: Mia Broder Designs Interior Design by: Chris Treccani www.3dogcreative.net In an effort to support local communities, raise awareness and funds, Morgan James Publishing donates a percentage of all book sales for the life of each book to Habitat for Humanity Peninsula and Greater Williamsburg. Get involved today! Visit www.MorganJamesBuilds.com To all the real estate investors I’ve met through the years who have struggled with building wealth and growing passive income from their rental properties. This book is for you. What Is a CCIM? In 1999, Doug Marshall received the prestigious CCIM designation, which many consider the PhD of commercial real estate. A Certified Commercial Investment Member (CCIM) is a recognized expert in the disciplines of commercial and investment real estate. The designation is awarded by the CCIM Institute. Today almost 70 percent of designees hold the title of owner, partner, principal, or president, representing an exclusive worldwide referral network of thirteen thousand members in thirty countries. CCIMs must be proficient in the areas of investment analysis, market analysis, user decision analysis, and financial analysis for commercial real estate. Of the more than 150,000 commercial real estate professionals in the United States, only an estimated 7 percent hold the CCIM designation.1 vi Contents How to Achieve Financial Freedom ix Part 1 Buying Commercial Real Estate 1 1 Why Invest in Commercial Real Estate? 2 2 The Right Time to Invest 7 3 Time-Proven Principles of Investing 17 4 Do You Want to Be an Active or Passive Investor? 36 5 Selecting Your Advisory Team 44 6 An Introduction to the Numbers of CRE Investing 53 7 How to Successfully Close on Your CRE Purchase 66 Part 2 Financing Commercial Real Estate 71 8 How to Get the Best Possible Loan for Your Property 72 9 Option 1: Use a Lender You’ve Already Done Business With 74 10 Option 2: Shop the Market on Your Own 77 11 Option 3: Employ the Services of a Commercial Mortgage Broker 84 12 Think Like a Lender to Get the Financing You Want 91 Part 3 Managing Commercial Real Estate 111 13 On-Site Management Decisions That Help You Avoid Costly Mistakes 112 vii viii | Mastering the Art of Commercial Real Estate Investing 14 Off-Site Management Decisions to Optimize Your Property’s Performance 121 Part 4 Selling Commercial Real Estate 135 15 When Selling Your Property 136 Part 5 The Road Map to Financial Freedom 147 16 The First Five Steps to Financial Freedom 148 Appendices 155 1 Answer Key to “How Knowledgeable a CRE Investor Are You?” 156 2 Success Principles to Live By 165 ¾ The Boy and the Starfish 165 ¾ Three Life Lessons Learned from My Father 167 ¾ Three Life Lessons Learned from My Mother 169 ¾ Do People Trust You? The Thirteen Behaviors of High-Trust People 171 ¾ Three Principles Steve Jobs Lived By 174 ¾ Sixteen Common Sense Principles to Live By 176 ¾ The One Thing: The Surprisingly Simple Truth behind Extraordinary Results 178 ¾ Pending Recession? Eight Survival Tips for the CRE Professional 179 3 The Twelve Best Business Books of All Time 184 4 Some Essential Sources 188 5 Glossary of Commercial Real Estate Terms 192 Notes 200 About the Author 202 About the Marshall Commercial Funding Website 203 How to Achieve Financial Freedom How do you become good at something? Firstly, learn how it is done. Secondly, learn how others do it. Then do it your own way. —Kyos Magupe, philosopher o you want to supplement your current income by investing in commercial Dreal estate (CRE)? Better yet, would you like to someday quit your day job and devote your energies exclusively to your rental properties? If that’s your plan, then this book is for you. This book is for the commercial real estate investor who is either new to investing or has been at it for a while but realizes he or she needs help learning the time-proven principles of real estate investing. With more than thirty-five years of experience financing real estate, including a decade of personally investing in rental properties, I have learned how to successfully invest in commercial real estate, sometimes unfortunately by doing it the hard way. My clients and I have learned the do’s and don’ts of CRE investing, but there is no reason you have to go through the same learning process of trial and error. By sharing my knowledge with you, the hope is that you can avoid the pitfalls I’ve made so you can grow your CRE investments more successfully and with significantly fewer setbacks along the way. I have divided this book into four sections: buying, financing, managing, and selling investor-owned commercial real estate. Each section is filled with real-life examples and common sense advice on how to build wealth and grow passive income from your rental properties. For example, in the buying section of the book, you’ll learn: ix x | Mastering the Art of Commercial Real Estate Investing ¾ Why buying real estate is better than owning any other type of investment. ¾ What the real estate market cycle is, and what phase it is currently in. ¾ What the six immutable laws of real estate investing are. In the financing section, I will explain, among other things: ¾ How you can get the best possible loan for your property. ¾ What six things you need to do to make your property lender friendly. ¾ What nine underwriting guidelines lenders use to qualify borrowers. In the managing section, I will disclose: ¾ What the number one mistake most property owners make managing their apartments. ¾ What are the three most important things to consider when choosing a property management company. ¾ What seven hidden costs of managing apartments can cost you big-time. And finally, in the selling section, you will discover: ¾ What five things you must do before you list your property for sale. ¾ Three traps on the purchase and sale agreement that the seller should negotiate away. ¾ What the benefits are of doing a 1031 Exchange. As an investor myself, I have written Mastering the Art of Commercial Real Estate Investing for those investors needing assistance getting started. I believe this book will go a long way toward helping you take charge of your future. If you like easy-to-follow, solid advice and step-by-step instructions, you’ll love this life-changing guide. You can bolster your income and begin the process of building wealth today! The Book’s Title From my many years of commercial real estate experience, I’ve come to the realization that those who excel at CRE investing understand there is a lot more How to Achieve Financial Freedom | xi to it than crunching the numbers. Yes, you need to have a firm grasp on how to value real estate, how leveraging a property with debt will influence the property’s return, and so on. But CRE investing is much more than that. I’ve come to realize that the most successful real estate investors I’ve had the privilege to have as clients develop a subjective, intuitive feel about a property. They don’t look at the potential acquisition as it is at the moment. Rather, they create a vision for the property. They envision what it would be like if it were renovated and managed correctly. They also realize how important it is to understand market trends, perceive how a neighborhood is trending, develop an awareness of where we are on the real estate market cycle … to name just a few factors worth knowing. These parameters are far more subjective than objective in scope. And that is why I titled my book Mastering the Art of Commercial Real Estate Investing. This type of investing is genuinely more of an art than a science. Some may say that the subtitle, How to Successfully Build Wealth and Grow Passive Income from Your Rental Properties, is redundant—that building wealth and growing passive income are really the same thing. I beg to differ. Building wealth is all about increasing the investor’s net worth over time. As an investor’s CRE portfolio grows, so too should his or her net worth. Growing passive income, on the other hand, is all about maximizing cash flow after debt service. Whether passive income slowly grows over time depends a great deal on how a property is leveraged with debt. I’ve known investors who focused exclusively on building equity (increasing their net worth) to the detriment of generating cash flow. My CRE investing philosophy maintains that successful real estate investing should do both: it should build an investor’s net worth, and it should grow his or her passive income.
Recommended publications
  • From Breakdown to Breakthrough
    FROM BREAKDOWN TO BREAKTHROUGH Forging Resilient Business Relationships in the Heat of Change MICHAEL PAPANEK with Liz Alexander, PhD New York FROM BREAKDOWN TO BREAKTHROUGH Forging Resilient Business Relationships in the Heat of Change © 2017 MICHAEL PAPANEK . All rights reserved. No portion of this book may be reproduced, stored in a retrieval system, or transmitted in any form or by any means—electronic, mechanical, photocopy, recording, scanning, or other—except for brief quotations in critical reviews or articles, without the prior written permission of the publisher. Published in New York, New York, by Morgan James Publishing. Morgan James and Te Entrepreneurial Publisher are trademarks of Morgan James, LLC. www.MorganJamesPublishing.com Te Morgan James Speakers Group can bring authors to your live event. For more information or to book an event visit Te Morgan James Speakers Group at www.TeMorganJamesSpeakersGroup.com. ISBN 978-1-63047-980-0 paperback ISBN 978-1-63047-981-7 eBook ISBN 978-1-63047-982-4 hardcover Library of Congress Control Number: 2016902552 Cover Design by: Rachel Lopez www.r2cdesign.com Interior Design by: Bonnie Bushman Te Whole Caboodle Graphic Design In an efort to support local communities and raise awareness and funds, Morgan James Publishing donates a percentage of all book sales for the life of each book to Habitat for Humanity Peninsula and Greater Williamsburg. Get involved today, visit www.MorganJamesBuilds.com Tis book is dedicated to my mother Miriam Lewin, my father George Papanek, and my son Daniel
    [Show full text]
  • Penny C. Sansevieri
    :gBglb]^kl@nb]^mhIn[eb\bsbg` Zg]FZkd^mbg`rhnk;hhd PENNY C. SANSEVIERI New York FROM BOOK TO BESTSELLER :gBglb]^kl@nb]^mhIn[eb\bsbg` Zg]FZkd^mbg`Rhnk;hhd by Penny C. Sansevieri © 2007. All rights reserved. No part of this publication may be reproduced or transmitted in any form or by any means, mechanical or electronic, including photocopying and record- ing, or by any information storage and retrieval system, without permission in writing from author or publisher (except by a reviewer, who may quote brief passages and/or show brief video clips in a review). ISBN: 1-60037-088-8 (Hardcover) ISBN: 1-60037-085-3 (Paperback) ISBN: 1-60037-086-1 (eBook) ISBN: 1-60037-087-X (Audio) Published by: Morgan James Publishing, LLC 1225 Franklin Ave. Ste 325 Garden City, NY 11530-1693 Toll Free 800-485-4943 www.MorganJamesPublishing.com Interior Design by: Bonnie Bushman [email protected] MORE BOOKS BY PENNY C. SANSEVIERI GhgÛ\mbhg Get Published Today (Morgan James Publishing 2006) From Book to Bestseller (PublishingGold.com, Inc. 2005) No More Rejections: Get Published Today! (PublishingGold.com, Inc. 2005) No More Rejections: Get Published Today! ,QÀQLW\3XEOLVKLQJ Get Published! $QDXWKRU·VJXLGHWRWKH RQOLQHSXEOLVKLQJUHYROXWLRQ (1st Books, 2001) ?b\mbhg 7KH&OLIIKDQJHU (iUniverse, 2000) Candlewood Lake (iUniverse, 2006) To subscribe to our free newsletter send an e-mail to ln[l\kb[^9ZfZkd^mbg`^qi^km'\hf P^]eho^rhnk_^^][Z\d' A^k^lahpmh\hgmZ\mnl3 Author Marketing Experts, Inc. 3RVW2IÀFH%R[ San Diego, CA 92142 www.amarketingexpert.com [email protected] ?hk?kZgl The best dad a girl could ever have.
    [Show full text]
  • Show Me About Book Publishing.Indd
    PEOPLE ARE TALKING … Rick Frishman is one of only ten people who understand and have mastered the book publishing process—I have counseled with him, listened to him, and watched the books he promoted turn to gold. If you’re looking for someone to take your book to the promised land, I promise that Rick Frishman is the rocket ship that will take you there. —Jeffrey Gitomer,King, Buy Gitomer, Inc. Judith Briles should be used by anyone in the process of writing or publishing a book. As a first time author, my learning curve was quite steep. Judith supported me every step of the process. She went beyond her original job description, always making sure all my needs were met. Her integrity was exemplary. Not only did we collaborate and complete my book, she then led me through the publishing aspects and now the marketing. I am truly grateful for Judith and her gifts, insights and knowledge. My book would not have happened without her! I highly recommend. —Lynn Hellerstein, author of See It. Say It. Do It! John Kremer is Staggering. No one tells the author these things—not the publisher, not the writer’s rep. Just John Kremer. —John Robert Marlow, screenwriter and author of Nano Rick Frishman is one of the most well-connected people I know. He understands every aspect of author promotion and is able to deliver exactly what the individual project requires. His strategic thinking skills, his deep understanding of what really delivers, and his collaborative and positive personal style make Rick and his team a perfect choice for publishers and authors alike.
    [Show full text]
  • Apollo Confidential : Memories of Men on the Moon Pdf, Epub, Ebook
    APOLLO CONFIDENTIAL : MEMORIES OF MEN ON THE MOON PDF, EPUB, EBOOK Lukas Viglietti | 242 pages | 18 Jul 2019 | Morgan James Publishing llc | 9781642795868 | English | New York City, United States Apollo Confidential : Memories of Men On the Moon PDF Book He was like a little boy again for a few moments, so delighted to have lived to see both. Build your credit and save money in with Self Financial. There's the bright, white "L" shape near the ALSEP equipment label; the "L" is due to highly reflective power cables that run from the central station to two of its instruments. Twelve others flew over its majestic surface. For good measure, they gave me a middle name of Alan, for Alan Shepard, the first American to travel into space. More Stories. With nothing to do I became obsessed with Apollo. It was a great shared moment not just for the street but for mankind. Every one of us swore we could see specks that convinced us we were seeing everything happening live. Skip to content. I was so happy that the tempo of the inning was disrupted by the moon landing. Instead of the nuts and bolts, the reader will realize and appreciate that these astronauts, while being great pilots and specialists; they also reveal their humanity. When Apollo was undertaken in , this was a serious discussion, despite the fact that, with hindsight, we now know that the communist system was unsustainable. After all, we had been thinking about it for a long time. Beneath the Southern. Olivine inclusions found in lunar samples have a spectacularly high water concentration of 1, Readers also enjoyed.
    [Show full text]
  • With a Book Tips from 20+ Successful Author-Entrepreneurs Contents
    10X YOUR BUSINESS WITH A BOOK TIPS FROM 20+ SUCCESSFUL AUTHOR-ENTREPRENEURS CONTENTS How do you actually use a book to grow your business? 02 Tips from 20+ successful author-entrepreneurs on how to grow your business with a book 05 Where to from here? 21 So who am I? 22 So you have a book... but how do you actually use it to grow your business? A book is a business card on steroids. It’s the difference between the entrepreneurs who get highly paid speaking gigs and those who have to beg, plead and hustle to run workshops for free. It’s why some entrepreneurs compete on price and others charge five times the industry average and still have a six-month waiting list. Right? Yes, writing a book has its perks – it positions you as an expert, gives you negotiating power, educates the market and presells your prospects. But there’s a catch… None of that happens on its own. The day after you write a book, your inbox is not going to be flooded with interview requests from journalists. You won’t have an automatic influx of new clients who are eager to pay you ridiculous rates. Andevent managers won’t be calling you to fly you first class to exotic locations to run high-end retreats. And the Ferrari that was supposed to be waiting in the driveway with a red bow on it? Unless you already had the Ferrari before you wrote your book, it’s unlikely to have materialised just because you got published.
    [Show full text]
  • Field Guide 7 TRUTHS About TEACHING to Help You Start Off STRONG, Avoid Burnout, and Stay in Love with Teaching
    fieldTeacher guide s 7 TRUTHS about TEACHING to Help You Start Off STRONG, Avoid Burnout and Stay in Love with Teaching kerry hemms WITH GRAHAM WHITE NEW YORK NASHVILLE • MELBOURNE • VANCOUVER Teacher s field guide 7 TRUTHS about TEACHING to Help You Start Off STRONG, Avoid Burnout, and Stay in Love with Teaching © 2017 Kerry Hemms All rights reserved. No portion of this book may be reproduced, stored in a retrieval system, or transmitted in any form or by any means—electronic, mechanical, photocopy, recording, scanning, or other‚—except for brief quotations in critical reviews or articles, without the prior written permission of the publisher. Published in New York, New York, by Morgan James Publishing. Morgan James is a trademark of Morgan James, LLC. www.MorganJamesPublishing.com The Morgan James Speakers Group can bring authors to your live event. For more information or to book an event visit The Morgan James Speakers Group at www.TheMorganJamesSpeakersGroup.com. ISBN 978-1-68350-184-8 paperback ISBN 978-1-68350-185-5 eBook ISBN 978-1-68350-186-2 hardcover Library of Congress Control Number: 2016913584 Cover Design by: Rachel Lopez www.r2cdesign.com In an effort to support local communities, raise awareness and funds, Morgan James Publishing donates a percentage of all book sales for the life of each book to Habitat for Humanity Peninsula and Greater Williamsburg. Get involved today! Visit www.MorganJamesBuilds.com To my late Mommakins, you are missed dearly. Your loving smile still resides deep within my heart. Thank you for your nurturing disposition, which I was able to pass along to my students.
    [Show full text]
  • Collaboration Economy.” —Yanik Silver, Founder Maverick1000
    *633()69(;065,*6564@ “Business in the 21st century is no longer a zero-sum game where the winner takes all. !e new leaders will be those who activate and thrive in the global collaboration economy.” —Yanik Silver, Founder Maverick1000 “!ey say content is king, but now and in the future, there’s a new king on the block. It’s collaboration. If you want to succeed, you must read this book and implement what you learn.” —Ryan Lee, RyanLee.com “!e bigger your dream, the more important your team. And the Collaboration Economy is all about how you fortify yourself with the right people, JV’s, affiliates, and collaborations to rapidly accelerate your success and significance. If you want to reach more people and create more IMPACT, collaboration is the name of the game. !is is a must read book!” —Todd Durkin, MA, CSCS Owner, Fitness Quest 10 Lead Training Advisor, Under Armour “!e Collaboration Economy is jam packed full of easy- to-apply strategies that will transform your business in today’s marketplace.” —Dan Bradbury, author of Confessions of a Millionaire Coach “I’ve known Topher and John through separate business ventures and always had great experiences with their professionalism. When I heard they were collaborating on a book I knew it would be a winner. Sure enough, this book takes you behind the curtain and shows you how they have managed to create alliances with some of the most influential people in their industries. !e strategies in this book are priceless!” —Forbes Riley, Award Winning TV Host & Fitness Hall of Fame Inductee !e 2 Billion Dollar Host / TV Health & Fitness Celebrity *633()69(;065 ,*6564@ Eliminate the Competition by Creating Partnership Opportunities 16/5:7,5*,9,330: and;67/,946990:65 N Y *633()69(;065,*6564@ Eliminate the Competition by Creating Partnership Opportunities © 2014 16/5:7,5*,9,330:and ;67/,946990:65.
    [Show full text]
  • The Discourse and Value of Being an Independent Publisher
    Portland State University PDXScholar English Faculty Publications and Presentations English Spring 2019 The Discourse and Value of Being an Independent Publisher Rachel Noorda Portland State University, [email protected] Follow this and additional works at: https://pdxscholar.library.pdx.edu/eng_fac Part of the Creative Writing Commons, and the English Language and Literature Commons Let us know how access to this document benefits ou.y Citation Details Noorda, Rachel. "The Discourse and Value of Being an Independent Publisher." Mémoires du livre/Studies in Book Culture 10, no. 2 (2019). (https://www.erudit.org/en/journals/memoires/ 2019-v10-n2-memoires04677/1060971ar/) This Article is brought to you for free and open access. It has been accepted for inclusion in English Faculty Publications and Presentations by an authorized administrator of PDXScholar. Please contact us if we can make this document more accessible: [email protected]. Document generated on 01/13/2021 1:45 p.m. Mémoires du livre Studies in Book Culture The Discourse and Value of Being an Independent Publisher Rachel Noorda Les discours de l’éditeur Article abstract The Publisher's Discourse Publishing did not have independents enter self-discourse until the 1960s when Volume 10, Number 2, Spring 2019 media conglomeration created a need to distinguish other publishers from this network of corporate giants. But rather than decimating the independent URI: https://id.erudit.org/iderudit/1060971ar publishing landscape, the corporate conglomeration of book publishing has DOI: https://doi.org/10.7202/1060971ar opened a space for independent publishers to thrive (Simon and McCarthy, 2009; Schiffrin, 2001; Hawthorne, 2014, 2016; Kogan 2007, 2010), in part because of the social currency that positioning themselves as independent in See table of contents discourse affords.
    [Show full text]
  • Morgan James Publishing
    Morgan James Publishing New York SpeakSTRONG ©2 010 Meryl Runion All rights reserved. Copyright and reuse policy This book is in a form that is easy to excerpt. You are welcome to use anything with the following guidelines. Reprint/Reuse Policy You have permission to use content from this book in your newsletter, publica- tions, or on your web site up to one skill/chapter per publication, following these guidelines. 1. Let us know when and how you are using the excerpt via email. [email protected]. 2. If it is a web posting, please link back to www.speakstrong.com. 3. Place Meryl Runion’s tag line at the end of the article with all her contact information. If on-line, please make certain that there is a web link to her site. 4. If you alter the content, please ask the author for approval. Thanks! Tag line Meryl Runion and Speak Strong (SpeakStrong) provide Power Phrases (PowerPhras- es) and other tools to help you improve communication skills at work and at home. Meryl is the author of the books PowerPhrases!, How to Use PowerPhrases, Perfect Phrases for Managers and Supervisors, SpeakStrong, Perfect Phrases for Leadership Development and How to Say It: Performance Reviews. You can reach Meryl by email: [email protected]. Runion, Meryl. Title: SpeakStrong: Say What You Mean, Mean What You Say, and Don’t be Mean When You Say It. Editor: Kristin Porotsky Design: William Groetzinger ISBN 978-1-60037-864-5 (Trade paper edition) ISBN 978-1-60037-872-0 (eBook edition) 1. Interpersonal communication.
    [Show full text]
  • Democratizing E-Book Retailing
    3,400 plus Join us and more than 3,400 publishers in Democratizing E-Book Retailing 10 Finger Press Academic Foundation AGA Institute Press 121 Publications Academy of Nutrition & Dietetics Agate Publishing 1500 Books Acapella Publishing Aggor Publishers LLC 2.13.61 Accent Press AH Comics, Inc. 2dcloud Accent Press Ltd - Xcite Books Ltd Ajour Publishing House 3 Finger Prints Ace Books AJR Publishing 3dtotal Publishing Acrobat Books AK Press 3G Publishing, Inc. Actar D AKA Publishing Pty Ltd 498 Productions, LLC Action Publishing LLC Akashic Books 4th & Goal Publishing Active Interest Media, Inc. Akmaeon Publishing, LLC 5Points Publishing Active Parenting Aladdin 5x5 Publications Adair Digital Alamo Press 72nd St Books Adams Media Alan C. Hood 826 Books Adaptive Studios Alan Phillips A & A Johnston Press Addicus Books Alazar Press A & A Publishers Inc Adlai E. Stevenson III Alban Books A C Hubbard Adm Books Albert Whitman & Co. A Sense Of Nature Adriel C. Gray Albion Press A&C Publishing Advanced Perceptions Inc. Alchimia A.R.E. Press Advanced Publishing LLC Alden-Swain Press AA Publishing Advantage Books Aleph Book Company Pvt.Ltd Aadarsh Pvt Ltd Adventure 1 Alfred A. Knopf AAPC Publishing Adventure Street Press LLC Algonquin Books AAPPL AdventureKEEN Publications Ali Warren Aark House Publishing Adventures Unlimited Press Alibi Aaron Blake Publishers Aepisaurus Publishing, LLC Alice James Books Abbeville Publishing Group Aesop Press Alight/Swing Street Publishing Abdelhamid Affirm Press Alinari 24 Ore Abingdon Press AFG Weavings LLC Alive Publications Abny Media Group Aflame Books All Clear Publishing Aboriginal Studies Press AFN All In One Books - Gregory Du- Abrams African American Images pree Absolute Press African Books Collective Allen & Unwin Abstract Sounds Books, Ltd.
    [Show full text]
  • Click and Grow Rich
    CLICK AND GROW RICH CLICK AND GROW RICH THE PROVEN FORMULA FOR STARTING AND GROWING A SUCCESSFUL AND WILDLY PROFITABLE BUSINESS ONLINE BRETT FOGLE AND E. DANIEL MILLER NEW YORK LONDON • NASHVILLE • MELBOURNE • VANCOUVER CLICK AND GROW RICH THE PROVEN FORMULA FOR STARTING AND GROWING A SUCCESSFUL AND WILDLY PROFITABLE BUSINESS ONLINE © 2020 BRETT FOGLE AND E. DANIEL MILLER All rights reserved. No portion of this book may be reproduced, stored in a retrieval system, or transmitted in any form or by any means—electronic, mechanical, photocopy, recording, scanning, or other—except for brief quotations in critical reviews or articles, without the prior written permission of the publisher. Published in New York, New York, by Morgan James Publishing. Morgan James is a trademark of Morgan James, LLC. www.MorganJamesPublishing.com ISBN 978-1-64279-436-6 paperback ISBN 978-1-64279-437-3 eBook Library of Congress Control Number: 2019930800 Cover Design by: Chris Treccani www.3dogdesign.net Interior Design by: Bonnie Bushman The Whole Caboodle Graphic Design In an effort to support local communities, raise awareness and funds, Morgan James Publishing donates a percentage of all book sales for the life of each book to Habitat for Humanity Peninsula and Greater Williamsburg. Get involved today! Visit www.MorganJamesBuilds.com To all the people along the way who supported us, encouraged us, and mentored us when we were first starting out on this journey. To all the creative and courageous individuals before us who have taken the bold step to start an online business, to try, fail, discover, innovate, succeed, and share what has worked and also what didn’t.
    [Show full text]
  • To Download Chapter One of Leading from the Roots
    Leading from the Roots Nature Inspired Leadership Lessons for Today’s World Dr. Kathleen E. Allen NEW YORK Leading from the Roots Nature Inspired Leadership Lessons for Today’s World. © 2019 Dr. Kathleen E. Allen All rights reserved. No portion of this book may be reproduced, stored in a retrieval system, or transmitted in any form or by any means—electronic, mechanical, photocopy, recording, scanning, or other‚—except for brief quotations in critical reviews or articles, without the prior written permission of the publisher. Published in New York, New York, by Morgan James Publishing. Morgan James and " e Entrepreneurial Publisher are trademarks of Morgan James, LLC. www.MorganJamesPublishing.com " e Morgan James Speakers Group can bring authors to your live event. For more information or to book an event visit " e Morgan James Speakers Group at www." eMorganJamesSpeakersGroup.com. ISBN 9781683508496 paperback ISBN 9781683508502 eBook Library of Congress Control Number: 2017917473 Cover Design by: Megan Whitney Creative Ninja Designs Interior Design by: Paul Curtis In an eff ort to support local communities, raise awareness and funds, Morgan James Publishing donates a percentage of all book sales for the life of each book to Habitat for Humanity Peninsula and Greater Williamsburg. www.MorganJamesBuilds.com CHAPTER ONE Living Systems, Generous Organizations Shifting From a Mechanistic To a Biological Worldview During the twentieth century, we fell in love with the power of the machine. We saw how inventions like the automobile, airplane, computer, robot, and smart phone extended the reach of human beings in profound ways. Modern organizations came into being during the industrial revolution.
    [Show full text]