Blog
Hey appraisers, let's switch gears a bit and talk about the other side of that all-important profit and loss (P&L) statement – the loss side. We've already discussed the profit side, so now it's time to dive into the expenses that impact our appraisal businesses. After all,...
Regularly reviewing your profit and loss statement is essential for your appraisal business. As an appraiser, you might not have received training on how to be a CEO or CFO (who has?), but understanding your business's numbers is crucial. If you're not already doing it, make it a habit to...
Every one of us, to some extent, grapples with normalcy bias. It's that innate inclination to cling to the familiar, even when faced with unsettling circumstances. As I reflect on my own experiences, I realize how deeply entrenched this bias can be in my mindset.
Consider moments like when a fire...
In the realm of real estate appraisal, I've experienced the ebb and flow of business firsthand. While some periods are bustling with activity, others present quieter moments that initially may seem daunting. However, I've come to recognize these slower periods as invaluable opportunities for...
Recently, I found myself snorkeling in the crystal-clear waters of Hawaii's Captain Cook Bay, surrounded by vibrant coral reefs and colorful marine life. It's a dream vacation, but what if I told you I wasn't just enjoying paradise—I was also making money?
Let me explain. My spouse and I...
In the realm of business ownership, uncertainties lurk around every corner, much like a pilot scanning the skies for alternate landing spots. This analogy struck a chord with me recently during a coaching session with a client. We delved into the concept of the Worst Case Scenario (WCS) and how...
