How To Select The Right Location For Your Upcoming Real Estate Project?

While due diligence may seem like it only benefits one party, the fact is that due diligence helps both the buyer and the seller in a commercial deal.

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Dennis Fine - Chief Executive Officer

From his bachelor’s at the University of Miami to earning a Master of Business Administration degree from Georgia State University, Dennis Fine never looked back on his goal to become a high-performing healthcare executive.

How to localize decision-making?

Localizing decision-making in a global corporation involves empowering regional or local teams to make decisions that are best suited to their specific context while still aligning with the overall company goals and values. Here's how you can effectively localize decision-making:

Delegate Authority: Grant regional or local teams the authority to make decisions within their area of responsibility. Clearly define the scope of their decision-making power, including financial limits and areas of autonomy.

Establish Clear Guidelines: Provide guidelines, frameworks, and principles that outline the boundaries and objectives for decision-making. This ensures that local decisions remain aligned with the company's overarching strategy and values.

Develop Local Expertise: Invest in developing the expertise of local teams by providing training, resources, and opportunities for skill development. This enables them to make informed decisions that take into account the unique characteristics and challenges of their region.

Encourage Collaboration: Foster collaboration and communication between headquarters and local teams to ensure alignment and information sharing. Regular meetings, video conferences, and collaboration platforms can facilitate this exchange of information.

Create Decision-Making Structures: Establish decision-making structures that involve stakeholders from both headquarters and local teams. This may include cross-functional teams, committees, or councils responsible for reviewing and approving local decisions.

Provide Support and Resources: Ensure that local teams have access to the resources, data, and support they need to make informed decisions. This may include financial resources, market research, analytics tools, and expertise from headquarters or other regions.

Measure Performance: Define key performance indicators (KPIs) and metrics to evaluate the effectiveness of local decision-making. Monitor and assess the impact of local decisions on business performance, customer satisfaction, and other relevant factors.

Encourage Experimentation and Innovation: Create a culture that encourages experimentation, innovation, and learning from failure. Allow local teams to take calculated risks and test new ideas, while providing a safe environment to learn and improve.

Celebrate Success and Learn from Failure: Recognize and celebrate successful local initiatives and decisions that contribute to the company's goals. Similarly, use failures as opportunities for learning and improvement, rather than blaming or punishing local teams.

Iterate and Adapt: Continuously review and refine your approach to local decision-making based on feedback, performance data, and changing business conditions. Adapt your decision-making processes as needed to optimize effectiveness and responsiveness.

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Reasons behind the fast economic growth of Saudi Arabia:

The rapid economic growth of Saudi Arabia in 2022, especially being the fastest-growing among G20 economies, can be attributed to several key factors:

- Increased Oil Production and Prices: Saudi Arabia, being one of the world's largest oil producers, benefited significantly from rising global oil prices and increased production levels. The rebound in global demand for oil post-pandemic, combined with geopolitical tensions that disrupted other oil supplies, contributed to higher revenues.

- Economic Reforms Under Vision 2030: The Saudi government’s Vision 2030 initiative aims to diversify the economy away from oil dependency. Reforms under this vision have encouraged growth in non-oil sectors such as tourism, entertainment, real estate, and finance, driving economic expansion.

- Investment in Infrastructure: Major infrastructure projects, including NEOM, the Red Sea Project, and the expansion of Riyadh, have attracted significant investments. These projects are not only boosting construction and related industries but are also creating jobs and stimulating the overall economy.

- Foreign Direct Investment (FDI): Saudi Arabia has seen an increase in FDI due to improved business regulations, economic reforms, and strategic partnerships with global companies. The Kingdom's efforts to create a more business-friendly environment have made it an attractive destination for foreign investors.

- Strong Private Sector Growth: Government initiatives to boost the private sector, including supporting small and medium enterprises (SMEs), have contributed to economic growth. Privatization of certain sectors and public-private partnerships have also played a role.

- Expansion of Non-Oil Sectors: Sectors such as tourism, entertainment, and technology have seen rapid growth, fueled by government support and increased consumer spending. Events like the Saudi Seasons, international sporting events, and cultural festivals have attracted visitors and investments.

- Labor Market Reforms: Reforms in the labor market, including Saudization efforts (Nitaqat program) and improved labor laws, have increased workforce participation and productivity, particularly among women and young Saudis.

- Fiscal Prudence and Debt Management: Saudi Arabia has implemented effective fiscal policies, including managing public debt and reducing the budget deficit, which has helped stabilize the economy and promote growth.

- Global Economic Recovery: The global economic recovery post-COVID-19 also played a role, as increased global trade and investment flows positively impacted Saudi Arabia's economy.

These factors combined to create a robust and diversified growth environment, contributing to Saudi Arabia's rapid economic expansion

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💡 Return on investment (ROI) is a financial metric used directly measure the amount of return or monetary gain on a particular investment put into business, real state or buy and sell. 

This video explains the formula on how calculate ROI or Return on investment. Also, I will give a sample scenario on how to compute the Return on investment (ROI) percentage for a sewing and clothing business.

Twelve Million Phones, One Dataset, Zero Privacy

VERY MINUTE OF EVERY DAY, everywhere on the planet, dozens of companies — largely unregulated, little scrutinized — are logging the movements of tens of millions of people with mobile phones and storing the information in gigantic data files. The Times Privacy Project obtained one such file, by far the largest and most sensitive ever to be reviewed by journalists. It holds more than 50 billion location pings from the phones of more than 12 million Americans as they moved through several major cities, including Washington, New York, San Francisco and Los Angeles.

Each piece of information in this file represents the precise location of a single smartphone over a period of several months in 2016 and 2017. The data was provided to Times Opinion by sources who asked to remain anonymous because they were not authorized to share it and could face severe penalties for doing so. The sources of the information said they had grown alarmed about how it might be abused and urgently wanted to inform the public and lawmakers.

After spending months sifting through the data, tracking the movements of people across the country and speaking with dozens of data companies, technologists, lawyers and academics who study this field, we feel the same sense of alarm. In the cities that the data file covers, it tracks people from nearly every neighborhood and block, whether they live in mobile homes in Alexandria, Va., or luxury towers in Manhattan.

One search turned up more than a dozen people visiting the Playboy Mansion, some overnight. Without much effort we spotted visitors to the estates of Johnny Depp, Tiger Woods and Arnold Schwarzenegger, connecting the devices’ owners to the residences indefinitely.

If you lived in one of the cities the dataset covers and use apps that share your location — anything from weather apps to local news apps to coupon savers — you could be in there, too.

Top 8 KPIs to Track for SEO Success | SEO Guide

KPIs are not only about measuring but also for proactively improving website efforts. Just remember to combine business goals with SEO goals, and choose the relevant SEO KPIs.

A holding company needs to control its subsidiaries but doesn’t necessarily need to own all shares or membership interests. That allows the holding company to obtain control of another company and its assets at a lower cost than if it had acquired all of the subsidiary’s ownership interests. #holdingcompany #businessminded #businessquotes  #businesssuccess  #businessman #businesstip#businessideas #womeninbusiness #businessmarketing#businessconsulting #businesspassion #socialmedia#businessopportunity #businesslife #strategy #businesses #growth#businessmentor #businessmotivation #entrepreneurs #creditrepair#coaching #businessplanning #networking #businessonline #consulting#contentmarketing #businessmanagement #businessconsultants#businessstartup #marketingtips #KhalidAlbeshri #pivot

What are the steps to enter a new real estate development market?

1. Market Research: Thoroughly research the new real estate development market you are considering entering. Analyze factors such as population growth, economic trends, market demand, existing competition, and government regulations. This will help you understand the market dynamics and identify potential opportunities and challenges.

2. Define Your Objectives: Clearly define your objectives for entering the new market. Determine what type of real estate development you want to pursue, such as residential, commercial, or mixed-use projects. Identify your target audience and the specific niche or market segment you want to cater to.

3. Financial Assessment: Assess the financial viability of entering the new market. Evaluate the costs involved, including land acquisition, construction, permits, financing, marketing, and other expenses.

4. Networking and Partnerships: Build a network of professionals and establish partnerships in the new market.

5. Legal and Regulatory Compliance: Familiarize yourself with the legal and regulatory requirements for real estate development in the new market.

6. Land Acquisition: Identify suitable land or property for your real estate development projects. Consider factors such as location, accessibility, infrastructure, zoning, and potential for future growth.

7. Develop a Business Plan: Create a detailed business plan for your real estate development ventures in the new market. Outline your goals, financial projections, project timelines, marketing strategies, and risk management approaches.

8. Obtain Financing: Secure the necessary financing for your projects. Explore options such as bank loans, private investors, joint ventures, or crowdfunding platforms. Develop a comprehensive financial package that includes your business plan, project feasibility, and projected returns to present to potential lenders or investors.

9. Execution and Project Management: Once you have acquired land and secured financing, begin the execution of your real estate development projects. Coordinate with architects, engineers, contractors, and other professionals to ensure smooth project management.

10. Marketing and Sales: Develop a strategic marketing plan to promote and sell your real estate projects in the new market.