Friday, January 24, 2014

Three Priorities For 2014: 2- Growing Businesses.

I am writing this at nearly 2 a.m., but it will not appear until 7 a.m., if I use Blogger's scheduling feature correctly. So I begin with...

This blog post was supposed to appear yesterday. Sorry about that.

This is where I start talking about growing businesses. Right now that means learning to allocate resources (time and attention, mostly) between four:

I created Capital Synergies, Inc. to own and manage partnerships that would in turn invest in real estate (one partnership per property). I haven't done that yet, but in the meantime, I created Luminaria Productions, a media company that now owns both this blog and Homewood Nation, a community news service that incorporates an eponymous website, Facebook page, Twitter feed and YouTube channel. Capital Synergies owns Luminaria Productions.

Along the way I also signed up as a member of, and independent representative for, Legal Shield, under the Capital Synergies name.

Homewood Capital Partners is an LLC that I formed for the purpose of partnering with others to invest in real estate in Homewood.

I'll say more about all of them later, one at a time. For now, general observations:

1. Any one of Homewood Capital Partners, Legal Shield, or Luminaria Productions could in and itself provide a very comfortable living. Managing all of them well will make me rich (especially since my definition of rich sets a relatively low bar: $50,000 a year in passive income.). Managing them poorly will - make me poor? Destroy my marriage? Seriously, I can't even imagine how bad it could get if I don't manage any of them well. Or to put it more precisely, how much worse it would get if I don't learn to manage any of them well.

2. Managing four businesses well (or even one) begins with managing myself well.

3. It's nearly 2 a.m.

4. Going to bed, right now, would be a good step toward wealth and power and stuff.

Before talking about managing individual businesses, I think I should share some of my big-picture thinking about business, so that will come next.

Three Priorities: The Complete Series
Three Priorities For 2014 - And Beyond
Three Priorities For 2014: 1 - Encouraging The Body Of Christ
Three Priorities For 2014: 2- Growing Businesses.
Three Priorities For 2014: 2.5 - Why Build Businesses?
Three Priorities For 2014: 2 - Growing Businesses - Legal Shield
Three Priorities For 2014: 2 - Growing Businesses - Homewood Capital Partners
Three Priorities For 2014: 2 - Growing Businesses - Luminaria Productions
Three Priorities For 2014: 3 - Redeveloping Race Street
Three Priorities For 2014: Closing Thoughts
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