Last week I was the business "expert" on a television program. One of the other guests was Kathy Ireland, former supermodel and Sports Illustrated cover girl. After her modeling career, Ireland decided to start a home furnishings business. Like many entrepreneurs, she was told she was crazy and had no chance competing against the likes of
In last week's blog post and e-letter I wrote about the need for each of us to think and act like an entrepreneur, the point being that one's only safety net is the value proposition he or she offers to the marketplace. More on that next week. But today, given the growth in the number of people following my e-letter (which makes me happy),
The new Administration is seriously considering a revision to the bankruptcy law that will allow Judges to "cram down" mortgages on residential properties. Actually bankruptcy judges already have the power to modify mortgages on vacation homes - just not primary residences. Consumer advocates argue that by giving bankruptcy courts the power
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