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Exclusive: What Makes Businesses and Athletes Like Tiger Woods Successful? It Comes Down to Having These 4 Players on Your Team



What Makes Businesses and Athletes Like Tiger Woods Successful? It Comes Down to Having These 4 Players on Your Team

#Businesses #Athletes #Tiger #Woods #Successful #Players #Team

Opinions expressed by Entrepreneur contributors are their own.

Have you ever wondered what’s behind the success of ultra-successful athletes or businesses? I’m always correlating sports with business because there are many similarities between the two. In both aspects you have a team pushing to achieve the same goal. You have a captain that leads the team in the right direction. And there are many people involved with all the different kinds of skills, personalities and experience that each player has.

There is something special about how athletes are able to compete at a high level. And this correlates significantly with business. Tiger Woods has a golf coach, personal trainer, sports agent and other staff to help him achieve maximum results and win PGA championships. In hockey you have star players that score goals, goalies that defend the net from the opposition, defensemen who focus on blocking shots and tough guys that get into fights and deliver big hits. The best team wins the Stanley Cup.

Business is the same way. You have many different players that accomplish many different goals. You have sales people that grow the company’s revenue. Then there’s accounting to determine what the numbers are, social media promoters, advertising specialists and graphic designers. And in real estate, you may also have maintenance staff. There are many important roles that help make the company achieve its goals. You can’t be the best if you’re missing any of these skills.

Related: 6 Advantages of Real Estate Investing for Savvy Entrepreneurs

Four players you must have to be successful in real estate

The deal hunter

This is one of the most important roles on your team. Somebody who can find deals is where all the value is. Without deals you can’t build a team, you have no revenue and there’s really no business. This person must be good at relationship building. Including but not limited to making cold calls, cultivating deals and finding a way to expand the business. They’ll be able to multiply your assets under management.

This person also must know all the investment criteria that you need. So that you acquire the deals that are going to help you grow. Not every multifamily real estate deal makes sense or fits the business model. This person may look for deals that are listed on the market, which are typically more competitive with more bidders. This person also builds strong relationships for the long term. You may communicate with somebody that has real estate in their portfolio that may sell immediately or in the future. You have to always stay in front of these prospects and communicate regularly to make the deal come to fruition.

The master underwriter

You need to have somebody that knows how to analyze investment deals. When you look at multifamily properties, you have to know how many units of each floor plan there are, how many square feet, what’s the rent per square foot and how much the monthly rent is. You also have to figure out what other incomes are being collected at the property. There may be laundry income, pet rent, pet fees, late fees, termination fees, forfeited deposits, extermination fees, parking fees and much more.

On top of figuring out the income, you must factor in all the expenses. You have to determine how much the investment costs to operate. There’s a substantial amount of analysis that goes into underwriting real estate. You also need to have somebody who knows how to set up the financing with the bank. And, determine how much equity you need to invest in the property.


Related: Creative Financing Strategies for Real-Estate Investments

The property manager

A property manager is an important role that will generate revenue for your property. This person will list all of the apartment units and make sure everybody moving in has a high enough credit score to afford the monthly rent. Additionally, this manager will also be in charge of the maintenance staff and ensure that the property is kept up and immaculately maintained. You need somebody in this position that is going to work hard and pay attention to details. Tech skills are a must so rental property software is kept up to date — in order to tell you whose rent has been collected and who needs to be issued a late payment.

The maintenance tech

When you have hundreds of tenants, there’s always going to be something that has to be repaired. It’s inevitable for something to go wrong on a property. When you’re dealing with people, there are always issues such as leaky faucets, plumbing backups or ceiling, window and electrical repairs to resolve. This person will be in charge of going from job order to job order to make sure tenants are satisfied and the properties are well-maintained. This person may also be in charge of grounds clean-ups and making sure the highest quality service is provided to residents.

How do you get started with all of this?

In the beginning you may be doing some of these tasks all by yourself. Once you get started and have enough assets under management, you will be able to spend money that the company generates. You can then hire employees to fill in the gaps for each of these positions. But the first thing you should do to get started, if you’re just beginning, is to find your first real estate deal. You have to find that first deal to take a step forward in the right direction to acquire assets and start building a portfolio. Once you get one deal, then you can start looking for the next one and start refining your system.

Related: 6 Questions to Ask Yourself Before Investing in Real Estate for Your …


Exclusive: Spirit delays shareholder vote on merger hours before meeting to continue deal talks with Frontier, JetBlue –




Spirit Airlines says it will decide on competing JetBlue, Frontier bids before the end of June

#Spirit #delays #shareholder #vote #merger #hours #meeting #continue #deal #talks #Frontier #JetBlue

A Spirit Airlines plane on the tarmac at the Fort Lauderdale-Hollywood International Airport on February 07, 2022 in Fort Lauderdale, Florida.

Joe Raedle | Getty Images

Spirit Airlines on Wednesday delayed shareholder vote on its proposed merger with Frontier Airlines until July 8, hours before a meeting scheduled for Thursday so it can further discuss options with Frontier and rival suitor JetBlue Airways.

It is the second time Spirit has delayed a vote on its planned combination with Frontier and extends the most contentious battle for a U.S. airline in years.

Spirit originally scheduled Thursday’s vote for June 10 but had delayed that for the same reasons.

Both Frontier and JetBlue have upped their offers in the week before the scheduled vote approached.

“Spirit would not have postponed tomorrow’s meeting if they felt they had the votes,” said Henry Harteveldt, a travel industry consultant and president of Atmosphere Research Group. Spirit didn’t comment on whether that is the case.

“We compliment the Spirit Board for listening to their shareholders, who clearly were not supportive of the Frontier transaction, and adjourning the Special Meeting,” JetBlue CEO Robin Hayes said in a statement later Wednesday.


“It’s clear that Spirit shareholders have now handed the Spirit Board an undeniable mandate to reach an agreement with JetBlue.”

“This is like the end of a soap opera episode,” Harteveldt added.

Frontier and Spirit first announced their intent to merge in February. In April, JetBlue made an all-cash, surprise bid for Spirit, but Spirit’s board has repeatedly rejected JetBlue’s offers, arguing a JetBlue takeover wouldn’t pass muster with regulators.

Either combination would create the United States’ fifth-largest carrier.

JetBlue has fired back at Spirit, saying it did not negotiate in good faith, setting off a war of words between the airlines as they competed for shareholder support ahead of the vote.

Frontier didn’t immediately comment about the postponed vote.

Spirit shares were up about 2% in afterhours trading, while Frontier was up more than 1% and JetBlue was down 1%.

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Exclusive: Get hype for the first images from NASA’s James Webb Space Telescope –




Get hype for the first images from NASA’s James Webb Space Telescope

#hype #images #NASAs #James #Webb #Space #Telescope

Very soon, humanity will get to view the deepest images of the universe that have ever been captured. In two weeks, the $10 billion James Webb Space Telescope (JWST) — NASA’s super expensive, super powerful deep space optical imager — will release its first full-color images, and agency officials today suggested that they could just be the beginning.

“This is farther than humanity has ever looked before,” NASA Administrator Bill Nelson said during a media briefing Wednesday (he was calling in, as he had tested positive for COVID-19 the night before). “We’re only beginning to understand what Webb can and will do.”

NASA launched James Webb last December; ever since, it’s been conducting a specialized startup process that involves delicately tuning all 18 of its huge mirror segments. A few months ago, NASA shared a “selfie” marking the successful operations of the IR camera and primary mirrors. Earlier this month, the agency said the telescope’s first images will be ready for public debut at 10:30 AM ET on July 12.

One aspect of the universe that JWST will unveil is exoplanets, or planets outside our Solar System — specifically, their atmospheres. This is key to understanding whether there are other planets similar to ours in the universe, or if life can be found on planets under atmospheric conditions that differ from those found on Earth. And Thomas Zurbuchen, associate administrator for NASA’s Science Mission Directorate, confirmed that images of an exoplanet’s atmospheric spectrum will be shared with the public on July 12.

Essentially, James Webb’s extraordinary capacity to capture the infrared spectrum means that it will be able to detect small molecules like carbon dioxide. This will enable scientists to actually examine whether and how atmospheric compositions shape the capacity for life to emerge and develop on a planet.

NASA officials also shared more good news: The agency’s estimates of the excess fuel capability of the telescope were spot on, and JWST will be able to capture images of space for around 20 years.

“Not only will those 20 years allow us to go deeper into history and time, but we will go deeper into science because we will have the opportunity to learn and grow and make new observations,” NASA deputy administrator Pam Melroy said.

JWST has not had an easy ride to deep space. The entire project came very close to not happening at all, Nelson said, after it started running out of money and Congress considered canceling it entirely. It also faced numerous delays due to technical issues. Then, when it reached space, it was promptly pinged by a micrometeoroid, an event that surely made every NASA official shudder.

But overall, “it’s been an amazing six months,” Webb project manager Bill Ochs confirmed.


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Exclusive: Fight for Spirit Airlines goes down to the wire with competing bids from Frontier and JetBlue –




Fight for Spirit Airlines goes down to the wire with competing bids from Frontier and JetBlue

#Fight #Spirit #Airlines #wire #competing #bids #Frontier #JetBlue

The most heated airline battle in recent years comes to a head on Thursday when Spirit Airlines’ shareholders vote on a proposed tie-up with fellow discount carrier Frontier Airlines while rival suitor JetBlue Airways circles with increasingly sweetened takeover bids.

Spirit has repeatedly rebuffed sweetened, all-cash bids from JetBlue, arguing that such a takeover wouldn’t pass muster with regulators, and has stuck with its plan to combine in an also-sweetened cash-and-stock deal to combine with Frontier, first announced in February.

JetBlue’s surprise all-cash bid in April set off a fight over Spirit that last month turned hostile.

If Spirit shareholders vote in favor of the tie-up with Frontier, it would put the carriers on the path to creating a budget airline behemoth. The two carriers share a similar business model based on low fares and fees for almost everything else from seat selection to carry-on bags.

A Frontier Airlines plane near a Spirit Airlines plane at the Fort Lauderdale-Hollywood International Airport on May 16, 2022 in Fort Lauderdale, Florida.

Joe Raedle | Getty Images

If shareholders vote against the deal it opens the door for a takeover by JetBlue, which would retrofit Spirit’s yellow planes to look like JetBlue’s, including cabins with seatback screens and more legroom.

“JetBlue does not have many options to achieve a step-change in growth, and that explains why JetBlue has pursued this deal so doggedly,” said Samuel Engel, aviation consultant at ICF.


JetBlue and Frontier have each argued their proposed transactions are key to their future growth, helping them better compete with large U.S. carriers and get fast access to Airbus narrow-body planes and pilots.

Either deal would create the fifth-largest U.S. airline.

Late Monday, JetBlue said it would raise the reverse breakup fee if regulators don’t approve a JetBlue takeover of Spirit to $400 million from $350 million. It also raised the amount it would pay up in advance to $2.50 a share, from $1.50 and added a 10 cent-a-share monthly payment to shareholders starting next year until the deal is consummated or terminated.

JetBlue previously offered to divest some assets in crowded markets to calm antitrust fears, but hasn’t said it would give up its alliance with American Airlines in the Northeast U.S., which Spirit has called out as a sticking point in that deal.

JetBlue’s latest offer came after Frontier late Friday raised the cash portion of its offer by $2 per share to $4.13 and increased the reverse breakup fee to $350 million to match JetBlue’s then-offer.

Spirit has stuck with the Frontier deal. CEO Ted Christie on Tuesday called the Frontier offer “very compelling” and told CNBC the airline wants to “focus our efforts on convincing the shareholders it’s the right thing to do.”

Proxy advisory firm Institutional Shareholder Services on Tuesday said that “the enhancements by JetBlue may be enough to offset the potential upside of the proposed merger with Frontier” but said it didn’t want to change its recommendation in favor of the deal with so little time before the vote.

Spirit postponed the vote from June 10 to continue deal talks with Frontier and JetBlue.

War of words

For weeks, JetBlue has argued that Spirit’s board hasn’t negotiated in good faith or fully considered its offer. It has repeatedly urged the budget airline’s shareholders to vote against the Frontier deal.

“The Spirit Board consistently ignored or refused to engage with JetBlue until faced with certain defeat on the original shareholder meeting date and then, in an attempt to avoid the widespread perception of its poor corporate governance, pretended to engage with JetBlue,” JetBlue said in a letter Wednesday again urging Spirit shareholders to vote against the Frontier deal.

Spirit has repeatedly denied claims that it hasn’t engaged with JetBlue in good faith.


“Our board believes [the Frontier merger] is the most financially and strategically compelling path forward for Spirit with a greater likelihood of closing,” Christie said in a video message addressing shareholders on Wednesday.

All three carriers have traded heated words as they try to win over Spirit shareholders before the shareholder vote.

JetBlue late Monday wrote a letter to Spirit shareholders detailing its latest sweetened bid and accusing Spirit of making “misleading statements” regarding its antitrust doubts.

Frontier fired back in a lengthy news release Tuesday saying that “a Spirit acquisition by JetBlue would lead to a dead end — a fact that no amount of money, bluster, or misdirection will change.”

The high drama is coming from an already-consolidated industry that hasn’t seen a major airline deal since 2016, when JetBlue lost out to Alaska Airlines for Virgin America.

“This is as much as a potboiler for the summer than any trashy novel,” said Henry Harteveldt, a former airline manager and president of of Atmosphere Research Group.

High regulatory bar

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