How To Implement Corporate Philanthropy

As a real estate development professional and president of Reliable Properties in Los Angeles, California, Jack Nourafshan has gained a strong understanding of business practices over the years. One of the business practices that he has seen growth in recent years is corporate philanthropy. Not only is it important to learn more about what corporate philanthropy is, but it is also important to understand how to implement it as a business owner. 

What Is Corporate Philanthropy?
Corporate philanthropy refers to a company that actively supports and benefits the great community or a charitable cause of the company’s choice. Corporate philanthropy is an important part of today’s charity, as it provides money and support at a greater scale. Corporate philanthropy can be implemented in numerous ways, from volunteer opportunities to holding food drives, companies can be creative with their philanthropy. More companies are seeing an increasing demand from potential employees for corporate philanthropy, making it important to follow the helpful tips below. 

Establish A Cause
After deciding to implement corporate philanthropy, companies should request feedback from their employees and customers on causes and organizations are important to them. In doing so, you can encourage participation while supporting something that is meaningful to as many employees as possible. Causes that are important to more employees can lead to both increased support and better company culture. 

Partner With An Organization
After determining the cause, find an organization that supports the cause that your company can work together with. Organizations have begun creating different levels of partnerships that companies can choose from for their corporate philanthropy. Many organizations offer sponsorships during their annual events that include promotional incentives for companies that are easy to implement. 

For example, golf tournaments have begun offering marketing space in the golf booklets that are provided to the golfers, as well as signs on the different holes. This can increase the community’s awareness of both your company and your company’s philanthropy. While it is only one example of the options of corporate philanthropy, it can be a great option that is easy to implement.

About The Author
Jack Nourafshan is a real estate development professional, entrepreneur, and businessman in Los Angeles, California. Jack has acquired an impressive background in real estate development through working as the president of his company, Reliable Properties. Today, he continues his work with Reliable Properties and maintains monthly blogs on real estate development and entrepreneurship. 

Visit Jack Nourafshan’s professional website to learn more.

The Best Resources For Commercial Real Estate

As the real estate market continues to grow across the United States, it is becoming more important for professionals to understand its effect on the economy. For many, exploring the potential of commercial real estate is becoming increasingly common to determine the different investment opportunities. Before examining the investment opportunities, anyone who is newer to commercial real estate should take a look at some of the best resources to learn more about the real estate market.

Urban Land Institute
As a result of the real estate market’s influence on today’s global market, countless organizations have been created to connect investors and real estate professionals. Urban Land Institute is one of the organizations that helps investors and real estate professionals connect to learn more about the opportunities that real estate development provides. With professionals across 95 countries involved, the Urban Land Institute includes incredible resources on numerous topics, including retail, office, and industrial development. Urban Land Institute also holds various training expos and forums around the world that members can attend.

The CCIM Institute
Another excellent resource for investors and commercial real estate professionals is called the CCIM Institute. The Institute provides several training and networking opportunities to its members who want to learn more about real estate throughout the year. One of the most significant benefits for the CCIM Institute is the opportunity to receive the Certified Commercial Investment Member designation, which can help establish your name as a commercial real estate expert.

Quantum Listing
For those who are looking for potential commercial real estate investments, Quantum Listingprovides a comprehensive list of commercial properties that are for sale throughout the United States. Quantum Listing provides an individual membership for investors who are looking for properties nationwide, for $79 per year, making it a reasonably priced resource.

Commercial Cafe
Similar to Quantum Listing, Commercial Cafe provides a comprehensive list of over 45,000 commercial properties for sale in the United States. Additionally, members of Commercial Cafe can search for properties by categories, making it easier to find an ideal location for your particular purpose.

About The Author
Jack Nourafshan is a real estate development professional, entrepreneur, and businessman in Los Angeles, California. Jack has acquired an impressive background in real estate development through working as the president of his company, Reliable Properties. Today, he continues his work with Reliable Properties and maintains monthly blogs on real estate development and entrepreneurship. 

Visit Jack Nourafshan’s professional website to learn more.

What Are Some Of The Best Resources For New Entrepreneurs?

The field of entrepreneurship has become one of the most well-known and quickest growing industries around the world, and signs indicate that it is only going to continue in this direction. In response to the evolution of our workforce as a result of innovation and technology, more working professionals are leaving their jobs to pursue a career as an entrepreneur. If you are thinking about becoming an entrepreneur, make sure to check out some of the great available resources.

Books About Entrepreneurship
While entrepreneurship is considered a newer industry, one may not know that when seeing the immense number of books available about entrepreneurship. Not only do these books provide a comprehensive overview of what entrepreneurship is, but also how to get started.

If you want to learn more about the art of influence, and how it should be applied to entrepreneurship, make sure to take a look at the book, How To Win Friends And Influence People, by Dale Carnegie. In the book, Carnegie focuses quite a bit on the digital media that we live in today, and how you can utilize it in your career as an entrepreneur. He provides a comprehensive guide on how to talk to people, or in many cases, a potential investor. How To Win Friends And Influence People does an excellent job of preparing someone on the art of collaboration and communication.

Entrepreneurs that are interested in learning more about the strategies that have helped large corporations like Google continue to thrive should take a look at the book, Measure What Matters: How Google, Bono, and the Gates Foundation Rock the World with OKRs, by John Doerr. Throughout the novel, Doerr talks about how using a goal-setting system of objectives and key results (OKRs) has helped bring companies around the country to become successful. Entrepreneurs that are looking for an approach to use in their business would find something like OKRs to be beneficial for them.

One of the most well-known books that entrepreneurs should consider reading is Thinking, Fast And Slow, by Daniel Kahneman. Thinking, Fast And Slow analyzes how we can use our mind to either make or break one’s ability to be successful and how to tap into those areas of one’s mind. Kahneman’s book gained fame for its incredible analysis of the two systems in our brain, and how to utilize each one. He begins with the fast, emotional portion of the brain, explaining how it works, and ways to use it for your benefit. He moves onto the slower, more logical portion of the brain, and explains its benefits and influence. Finally, Kahneman provides a comprehensive overview of how to use both portions of one’s mind to become more successful, both personally and professionally. Thinking, Fast And Slow is a great text for professionals that are interested in entrepreneurship.

Websites
While these are examples of great books that entrepreneurs should consider reading, others can also benefit from websites focused on entrepreneurship. What makes websites such a great resource for entrepreneurs is that they often provide hands-on lessons on how to be successful online. For example, Social Media Examiner is a website that provides a complete overview of social media, and what properties are most beneficial for entrepreneurs. For any entrepreneurs who are still learning how to promote themselves online, websites like Social Media Examiner can help prepare them for a new career in entrepreneurship.

About The Author
Jack Nourafshan is a real estate development professional, entrepreneur, and businessman in Los Angeles, California. Jack has acquired an impressive background in real estate development through working as the president of his company, Reliable Properties. Today, he continues his work with Reliable Properties and maintains monthly blogs on real estate development and entrepreneurship. 

Visit Jack Nourafshan’s professional website to learn more.

What Is Transformational Leadership, And Why Is It Important?

Throughout the years, our workforce has continued to see an evolution, not only with how the company functions, but how it is led as well. Today’s leaders are finding that to ensure long-term success, they must continuously adjust their strategy and approach to the position. With today’s workforce seeing a continuous evolution in recent years, it has become more important for leaders to understand and practice transformational leadership.

What Is Transformational Leadership?
Many of you may be wondering what exactly transformational leadership is, and how it differs from the general understanding of leadership. To give a basic overview, transformational leadership refers to leaders that not only use encouragement to inspire employers, but their style is reflective of a more supportive, inspirational approach than standard leadership. These types of leaders want to help develop employers to reach their potential and helps them achieve new milestones. In short, transformational leaders lead by example and provide meaningful lessons to help others reach their professional goals by raising them to higher levels of motivation.

How Is Transformational Leadership Different?
While transformational leadership is typically closely aligned with normal leadership, there are a few key differences between them. Unlike general leadership, transformational leaders focus on implementing meaningful change to areas that are no longer working accurately. Additionally, transformational leaders may focus on maximizing the team’s capability and capacity, on also ensuring that they will continue to be successful in their respective positions.

Why Is Transformational Leadership Important?
The evolution of technology has had a significant impact on industries of all types. As a result, leaders are finding that policies or processes that their company has may not be relevant anymore or is not the most efficient approach. This is where transformational leaders come in. They can look at a situation in a new way and provide an innovative solution through team collaboration and motivation. Additionally, transformational leaders focus on ways to evolve a practice, to ensure that it is efficient and accurate.

Transformational leadership is a new area of leadership that is going to become more important to today’s workforce in the future. By incorporating transformational leadership into a company’s culture, it can help increase the amount of meaningful collaboration, while also helping set the company up for long-term success.

About The Author
Jack Nourafshan is a real estate development professional, entrepreneur, and businessman in Los Angeles, California. Jack has acquired an impressive background in real estate development through working as the president of his company, Reliable Properties. Today, he continues his work with Reliable Properties and maintains monthly blogs on real estate development and entrepreneurship. 

Visit Jack Nourafshan’s professional website to learn more.

What Is Social Entrepreneurship? How Does It Differ From Entrepreneurship?

Entrepreneurs are known for seeing an opportunity and using it to launch their success, usually by creating a small business. Many would tend to think there is one type of entrepreneur, but there are two main types. One is the business entrepreneur who is most common, and the other being a social entrepreneur. But what’s the difference between the two?

Mission Approach
When looking at the differences between social entrepreneurship and traditional business entrepreneurship, it’s important first to examine how they differ in their missions. Both have fresh and new ideas to create products and services for consumers, but they have different ways of going about it. For social entrepreneurs, their approach isn’t driven by wealth. Unlike business entrepreneurship, in social entrepreneurship, they use wealth, not for their benefit, but to effect more social change. Instead of focusing on profit, they focus more on changing the status quo for their consumers and creating a positive change in the world.

Investors
Another big difference is in the kinds of investors involved in social entrepreneurship and business entrepreneurship. Many social entrepreneurs seek for their funding through philanthropists. Both share the same vision of bettering the world and creating a positive change. When philanthropists invest in social entrepreneurs, they still expect to see a return-on-investment (ROI), but they become involved with the business likely due to its social mission. Business entrepreneurship, on the other hand, seeks investors from venture capitalist firms and only focus on ROI.

Definition of Wealth
The focus of social entrepreneurship is bettering the world and positive social change. This also defines wealth. All of the efforts are aimed at raising money, but not for their wealth. They raise profits to create positive change and social innovation. The wealth and money accumulated by social entrepreneurship are defined as a tool that creates positive change. Money is used to donate to the causes they are supporting, not as a profit to them. Business entrepreneurship is the complete opposite–the money they accumulate is by definition a profit for them and them alone. Money is their end goal.

When examining social and business entrepreneurship, the differences are clear. Although both are looking for new opportunities to change the world, social entrepreneurship is not-for-profit. They support a cause to change the world for the better and use every tool at their disposal to go forth with that mission.

About The Author
Jack Nourafshan is a real estate development professional, entrepreneur, and businessman in Los Angeles, California. Jack has acquired an impressive background in real estate development through working as the president of his company, Reliable Properties. Today, he continues his work with Reliable Properties and maintains monthly blogs on real estate development and entrepreneurship. 

Visit Jack Nourafshan’s professional website to learn more.

Important Residential Real Estate Terms To Know

Each year, countless Americans purchase a new home, with many of them becoming homeowners for the first time. For many other Americans, the best option for them is to rent a property until they decide to purchase a home. This provides a great opportunity to invest in residential real estate. Renting out a property can provide a great boost one annual income for those who are interested in trying a smaller investment. For anyone who is thinking about investing should know some of these important terms.

Real Estate Appreciation
In general, real estate appreciation refers to a property that has seen significant growth in value as a result of an exterior factor. For example, of a shopping center or office building is built nearby of a property that you own, then it will automatically increase its value. It can be difficult to predict when a neighborhood is going to be updated with new businesses, so new investors may not find this approach to be a fit.

Cash Flow Income
For investors who are interested in purchasing a property, this is the most practical approach. After purchasing and preparing a property, tenants will live there and provide monthly rent, making it a great way to increase an annual income. Additionally, this approach can be taken for commercial real estate properties, including apartments and office buildings.

Short-Term Property Vs. Long-Term Property
While renting out something like an apartment is typically for longer periods, short-term properties are quickly growing in today’s real estate market. Short-term properties refer to residential properties that are rented for shorter periods, which can range from one night to a couple of weeks for many. An example of short-term properties includes Airbnb, which is an app that allows people to rent the home, as many travelers are finding that renting a house as a group can be cheaper than hotels.

Long-term properties, on the other hand, refer to properties that are rented out for an extended period. Long-term rentals can be occupied by the same tenant for several years. Examples of long-term properties include apartments and single-family homes. While it can be more difficult to get continued income with a short-term property, there is more potential to increase income over time, especially if a long-term property tenant has rent control.

While there are many terms that potential residential real estate investors should know, these are a great way, to begin with. The process of investing in residential real estate can be difficult, but it is often a great way to earn money.

About The Author
Jack Nourafshan is a real estate development professional, entrepreneur, and businessman in Los Angeles, California. Jack has acquired an impressive background in real estate development through working as the president of his company, Reliable Properties. Today, he continues his work with Reliable Properties and maintains monthly blogs on real estate development and entrepreneurship. 

Visit Jack Nourafshan’s professional website to learn more.

Commercial Real Estate Trends In Los Angeles

Known as the second largest city in the United States, Los Angeles continues to be an attractive location for residents and businesses alike. In 2016, the population for Los Angeles reached just over 4 million residents, and there are no signs of slowing down in the future. As a result, businesses around the nation are looking to relocate to the famous California city. Before they make the transition, they should know the answer to the question, what does the commercial real estate market look like right now?

Why Is Los Angeles A Good Location?
For the third year in a row, Los Angeles was named as the most attractive commercial real estate market in the United States. This indicates a healthy market that is open to more business. Since commercial real estate is such a wide range, let’s examine some of the biggest markets right now.

Office Spaces
Not only has Los Angeles established itself as a leader in the United States, but it has attracted a large number of companies interested in establishing themselves. With a close vicinity to other major cities, including San Diego and San Francisco, it may not be surprising to learn that many technology companies are making a move to the sunshine state. While rent has seen a steady increase in recent years, due to the influx of new companies, Los Angeles will continue to remain a major hub in the coming years.

Multi-Family Homes
More commonly known as apartment buildings or townhomes, multi-family homes are a growing need in the Los Angeles area. Based on the high demand for rentals in the area, the percentage of developers who are planning to an additional project in the next year has seen a significant increase, with 80% of developers disclosing that they had plans for another project in the future. This signifies a 63% increase from 2017, making it apparent that multi-family homes are a smart investment.

Commercial real estate investing can be an exciting and secure area to enter. It is important to remember to do your homework first, as it can be tricky at first to determine the best way to invest in commercial real estate. With the right approach and tactics, commercial real estate investing in Los Angeles can be a lucrative business.

About The Author
Jack Nourafshan is a real estate development professional, entrepreneur, and businessman in Los Angeles, California. Jack has acquired an impressive background in real estate development through working as the president of his company, Reliable Properties. Today, he continues his work with Reliable Properties and maintains monthly blogs on real estate development and entrepreneurship. 

Visit Jack Nourafshan’s professional website to learn more.

Entrepreneurship 101: What Is Entrepreneurship?

As we continue to make advances in today’s society, we help to transform how the workforce and industries function as well. An important part of this transformation is being found more and more within jobs themselves, with new professional opportunities arising each year. One career path that is quickly growing is entrepreneurship. While most people in the workforce have heard of entrepreneurship, they may not know what exactly an entrepreneur does.

What Is Entrepreneurship?
In its most basic terms, entrepreneurship is working to develop and manage a new business venture or concept while assuming the risks. Entrepreneurs are willing to take risks when developing the concept or business, and use innovative thinking to determine how to achieve long-term success. Because entrepreneurs are generally creative thinkers that can look at something in a different way, they may explore several industries throughout their career.

What Characteristics Do Entrepreneurs Typically Have?
Entrepreneurs have a few distinct qualities that drive their passion and way of thinking. To begin, entrepreneurs tend to have natural leadership qualities. When first presenting an idea to other professionals and potential investors, it is up to the entrepreneurs to convince them of why their concept will be successful. Without having a natural leadership ability, it could be hard to succeed if you are not able to lead them through the start-up process.

In addition to being a natural leader, entrepreneurs typically consider themselves to be risk takers, especially within a business. Opening a business can be intimidating when thinking about some of the potential risks involved and not knowing what the outcome will be. Even if one of their ideas does not turn out well, they will continue to jump back in with new ideas. In some instances, entrepreneurs worked at a full-time job at some point but wanted to take the risk of leaving their job to pursue their passion.

Entrepreneurs are also often considered to be fearless as they move through their careers. While many people would find it to be too stressful not having a stable income, but that does not slow entrepreneurs down. They are willing to accept the risks, as they believe that it will be worth it in the end. Because of their creative, innovative approach to the workforce, entrepreneurs are helping to spearhead the evolution of today’s job force.

About The Author
Jack Nourafshan is a real estate development professional, entrepreneur, and businessman in Los Angeles, California. Jack has acquired an impressive background in real estate development through working as the president of his company, Reliable Properties. Today, he continues his work with Reliable Properties and maintains monthly blogs on real estate development and entrepreneurship. 

Visit Jack Nourafshan’s professional website to learn more.