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From difficult times, evolve great ideas and opportunities. There are many reasons why you should be cautious in this kind of unprecedented market cycle. But sometimes, if you are creative, you can find a way to fill a void or find a new opportunity while others are retreating. Just think about the very money managers and hedge fund managers that predicted the sub-prime crisis. You too could capitalize on a great idea if you put your mind to it even in this market.

To do this, you must first clearly have an understanding of how business in a particular sector works. For instance, if you wanted to create a business that would attract foreign investors for real estate investments since US banks are being pummeled with mortgage loss write-downs. You would need to research as to how these investors are being attracted now, understand what the needs and protections are for them, create a business plan and figure out what you can do that is different from the others. Meeting with an attorney on the front end of your endeavor will also save you a lot of time and headache later. They will help make sure you are creating the right type of entity which can shield you from personal exposures of liabilities and taxing inefficiencies.

The key is to think outside the box but fully understanding everything you can about the box first!

Brett Carman is a seasoned veteran in the real estate industry for over 17 years. He holds active licenses in real estate, mortgage finance, and property & casualty insurance. Offering a one-stop shop for his residential and commercial clients, he strives to not only educate, but streamline the real estate acquisition process. With a long and proven track record of success, he is uniquely qualified and has a passion for helping people achieve their goals in real estate. 

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17 Comments

[-] Posted by The Store Manager on 09/17/2008 12:54 PM
I completely agree. In my own field I am finding that I am having to become more resourceful and creative, and as such I am learning everything I can about my field, or as you put it, box. And of course, once you know everything about the box you can not just think outside of the box, but sometimes, entirely redefine what the box is.

Jack Creighton
http://www.supermarketsoap.co.uk
[-] Posted by Business 2000 Foundation.com on 09/17/2008 5:44 PM
A very good article...but we would add to inspire. The world may never be the same.
[-] Posted by member1863517 on 09/17/2008 6:26 PM
I really liked the first line, from difficult times evolve great ideas and opportunities. Its very true, and we are going to see who took the opportunities now by their results in the next decade.

Jake
http://www.becomingyourownbank.com
[-] Posted by member1863875 on 09/18/2008 2:06 PM
I apologize, but this might not be the place to put this comment but I wanted you or your staff to see this. I have been a fan of yours all the way back to the first book you wrote. I have also enjoyed watching the Apprentice and have been a very loyal fan of that show as well. However, my interest and intrigue into you faltered today. I have just heard that you are endorsing John McCain for President because you don't want to pay more taxes. Well, none of us want to pay more taxes but I would rather see those of us that make more money pay more taxes then a single mom with three kids (this is my childhood) not get any tax relief at all and to have the US borrow more money from China. I would like to hear more in depth why you think that the McCain tax plan is better then the Obama tax plan and why. I am sure that someone with your level of education and experience in the business world would have a better reason then just personal self greed to endorse the McCain plan. I look forward to seeing your comments.
[-] Posted by member1865512 on 09/22/2008 11:48 AM
I live in South Africa. The problem you are experiencing in the States are global. Our President resigned yesterday although we have an election new year. The political side of this is a long topic not open for discussion today. Africa as a continent are paralysed by poverty and corruption. South Africa was chosen to host the 2010 world cup Soccer tournament. Our food prices goes up every time the oil goes up. We have a local oil manufacturing company but the prices for fuel is linked to global markets. When you experience problems in the States it blows over to us down here in Africa. We are watching your election and the fight between McCain and Obama. In Africa and in South Africa the people can not even afford to go to school. They never learn skills to develope Entrepreneurialism. We are a rich country with 95% of the worlds platinum. The people of South Africa seldom see the fruits of our rich in resources country. As I said, people can not even afford education and the country is not paying enough attention to this.

We need serious investors who can see the potential and the need to train skills in entrepreneurialism. I am a lawyer and I often go to our local Maintenance Court where I see mothers queing for hours to obtain maintenance for 2-3 children in the amount of R300 (ZAR). This is not even 50dollars.

Pay close attention to your politics, I agree with Mr Trump in his new book. It is important to keep up with global issues,at the end of the day it control the global economy-which streches even down to us.

Deonette
deonette.jansevanvuuren@gmail.com
[-] Posted by member1854000 on 09/22/2008 10:24 PM
Think outside the box is the key to achieve the creative enterpreneur, but not knowing the box content can really be a problem!!!

Luiz Martins
www.g1brazil.com
[-] Posted by member1865987 on 09/23/2008 11:14 AM
I agree totally Brett. Since working on the Internet for years, I too, know how important that creative thinking is to the successful entrepreneur. I coined a term years ago called visualization marketing that I believe, perfectly explains the mindset that people need to have in order to become successful, either in an online, or offline business.

Thnking outside the box, and visualizing your success, would be paramount in any business endeavor.

Butch Hamilton-SEO Master
[-] Posted by Dr. Jewell on 09/23/2008 11:36 AM
One of the biggest problems in entrepreneurialism is that people have great ideas but lack business education. They think that what exist in their minds is what will end up in reality. One of the most lacking in business is putting together a viable creative business plan. Many who want to be in business think that all they have to do to run a business, is just start it.

Without a plan most business are destined to failure. In the small and home business arena there is a 99% failure rate therefore one should be concerned as to why this high rate. Putting together a solid business plan is essential before further exploration into the other aspects of the business. Then if the business makes it out of the planning stage, the creative aspects of the business need to be explored. I agree with you that in this current economic climate one must be creative in their businesses and think out of the box.

Thanks for reading
Dr. Raymond Jewell, Economic Advisor
[-] Posted by member1718084 on 09/30/2008 9:25 AM
If an Entrepreneur were to contemplate a start up business in today’s turbulent economic times, and focus the intent on providing alternative energy and energy sources to the consumers of the United States, what product or service would constitute the most benefit to the average American citizen? In other words what do we need that we don’t already have that would make things better for all of us?

Frank Looser
http://www.cnfinteractive.com
[-] Posted by member1876964 on 10/17/2008 7:04 AM
I live in Spain, and I have in mind to develop one of the most profitable projects that someone can do today, out of the stock market risks, a project that in my opinion will give a incredible money return, an investment around 250 million $ and an average incom between 50 to 100 million per year, a projet that will remain for centuries and will give fame and a great repercussion world wide, a project to enjoy doing something that nobody has done before, and going beyond in wath a business concept people can have, a business that the property remain for ever. only need someone who want to develop it and increase his prestige and fame earning a lot of money. great business still possible on this days, great ideas have made great fortunes possible.


http://bricoeconomia.blogspot.com
[-] Posted by member1876964 on 10/17/2008 9:21 PM
Answer to Dr. Jewell, normally specially in this days, and looking to what is happening specifically to the american economy, I don't believe at all in economic advisers, when I see where they have send the economy, but in tis case I agree with you more or less, big business plan is what banks have done during many years and a perfect planning sistem , also the best economic advisers working for them with big earnings in their pockets, and you can see where are banks and the bank system today,
I haven't see a bigger disaster in my life, not any bank adviser, have evaluated the real economic situation during years, I mean the real econnomy witch concerns the family economy, when earnings remain at the same level during many years and the cost of life have been increased with a non stop grow year after year, the results are obvious, people expending money over their possibilitys during years and suddenly the interest rates rise a litle, so they notice that money is over at the end of the month, so to keep paying their debts, people start to reduce their exppences and step by step is less money running around, business reduce sales, less income for everyone, people fired out etc etc..
consecuence.. no money out there, people uses money first at all to live, and forget paying the mortgage and so the market fall down, it becomes in a decreasing spiral, hundred persosns non paying their debts, no problem, millions non paying is a crack.. solution? how do we can give money to the people so they start to spend money again ad reactivate the economy?, reducing the prices of primary goods around 40%, so we have given this percentage back to their pockets, then the economy will start to run again, if the dirty mortgages have destroyed the financial sytem, prices are destroyng the economy all over. people should not use more than 40% of their income to their needs to live, when they use 75% and over, what can happen is predictible. an exampl, in Spain, the oil cost today is 50% cheaper than 3 monts ago, but petrol prices still the same, free prices is in our capitaist ytem our flagship of democracy and modernism, but when prices goes out of control the future is the same of bank system and mortgages without control, a big disaster,governements have began to take part of banks after a big crack to try to stop what never should happen, will governements wait for another big disaster on the real economy because nobody has done anything to control the prices?, we will seee. so all this kings of Wall St, from best universitys,like Harvard,etc, what have they being study for?, to drive a bank system in to a ruin?, all those brilliant brains?, if we start to sell garbage in disguise, because it gives money, one day we will be all dirty, because the garbage that we have sold will sourroud us sooner or later ,I'm sure that a normal and anonimous business guy could do it better, I always say that intuition , a controlled risk and good nose to follow great ideas are the succes in business, an ex, here in Spain the bank system still strong, our banks are buying foreign banks, our system allways had a very hard control by the bank of Spain and our system is almost not infected by the sub primes, perhaps is the only country in Europe who is not suffering the crisis so hard as the others, now that every body is scared about the crisis, I am leading a group of business people and companies to develop an amazing project witch will launch our touristic area for the future, we will sart to find a foreighn companies who will like to join us, in my own experience, in a moments like this, is when good business take place, so we keep going on, to be scared is the whorse thing that can happen. As Brett Carman says, you can find a way to fill a void .....
In my blog you can see an interesting video about the sub primes, don't miss it, a bit of humor is necessary some times, and even more in a problematic moments.

[-] Posted by member1879511 on 10/25/2008 10:00 AM
I live in colombia, this country like many of the other countries emergent atravieza for a diverse quantity of processes with an eye toward reaching a competitive level that allows him/her to consent had bought extrangeros, however have watched us during many years an internal violence that doesn't benefit us and that on the contrary he/she sells a bad image of people that we live here. but the reality is that in colombia there is a wide variety of climates, it is a very rich country in resources and with a human capital very imporante. I love my country and I would like to learn, and to become rich to invest here, to grow here and to help many for that reason others to that also make it, I am in a learning process, in the moment I make small investments like they are it the purchase of vehicles and then I blindfold them obtaining an utility enocasiones of the 10 or 20%, and although I am not still an expert I have realized the useful thing that and to learn of those that know.
[-] Posted by member1879511 on 10/27/2008 10:21 AM
Hello, cordial greeting.
I am glad a lot of knowledge that my opinions are kept in mind that you/they take the work of reading what is written in the blog. At this time I am reading Donald's book and Robert again Kiyosaki, and it impresses me the accuracy of their comments and the vision that have on the cituacion of the economy, they are really people that know and they demonstrate this way it that good serious to have the possibility to work with so talented people.To I title personal, I want to comment that here in Colombia in fact for my it has been a little difficult to consent to knowledge it has more than enough financial education, for fortune I have been able to create the I inhabit of the reading and this has helped me to have access here to the since knowledge the same problem it exists with the educational system as in many countries, the persoans of humble origin as it is difficultly my case we can end up obtaining a high grade of knowledge on handling and administration of time and money. For my serious one very pleasing to be able to acquire the knowledge to use it in my benefit and to impart it to those who want to learn and to contribute to the progress of my country.
[-] Posted by Luis Pereira - DYN outsourcing Costa Rica on 11/22/2008 1:16 PM
Since we started our company here in Costa Rica, we had seen many many ideas, options, mistakes, and all those situations gave us a great expertise, sometimes jointly our clients we took advantage from the options, others learned from mistakes. Now, reading everyday about bailouts , bankruptcy, lost jobs, is interesting how new doors are opening, is just to be free for a second from the bad news, and think about the future. Im impressed how great workers are loosing its jobs in US, great professionals, computer engineers, real estate brokers, all of them with amazing experience, but wait a minute, why don´t see this situation as it is !!! is time to be your our employer!!, is time to find new options, redefine how your own things are going.- What you need to be your own employer? well, just good ideas !!!, here an example:

1. a good website. it will be the platform to offer your services all around the world.

2. a company, for example in Costa Rica. using a good corporation structure, to take advantage in our tax regulations.

3. A registration Process: get the commercial license, be inscribed as tax payer (the company, not you).-

4. A bank account: is possible to open and have control from your country, and with ATM now is easy to have access to the money everywhere.

5. A basic outsourcing services, to handle in Costa Rica, payments, tax returns. in fact we have clients with big and also small operations that use this structures, and never visit our country.-


Well, is not time to be a spectator, a world is waiting for you!! and if you need any assistance or need more information, fell free to contact us at: http://www.dyncr.com.-
[-] Posted by TERESA SKINNER VA BCH member1784598 on 11/26/2008 7:47 PM
DEAR MR. CARMAN,
I'M THE MOST CREATIVE PERSON I KNOW. I HAVE PUT TOGETHER A PRORAM THAT STARTS AT THE ROOT OF AMERICA'S PROBLEMS. I HAVE RECENTLY PURCHASEDD J.J. CHILDERS WEBINAR AND MOVING FORWARD. I SENT A LETTER TO MR. TRUMP. I NAME ALL MY LETTERS
'TRUMP MY ACE" I RECEIVED A FORM LETTER. I KNOW HE IS VERY BUSY, MAYBE YOU COULD LOOK IT UO AND READ SOME OF MT INTRODUCTION.MY MAIN QUESTION IS HOW DO YOU CONTACT FOREIGN INVESTERS?

RESPECTIVLY
TERESA DTR
'




'
[-] Posted by Rachael Sutton #1253595 on 01/04/2009 12:55 PM
Do your homework huh? Do you know how much discipline that takes in a creative mind? You are right though. This was a great and inspiring piece, and once the idea is implemented, the world will never be the same. I think maybe one of the biggest keys to success in new enterprise is that balance between logic and creativity. You need the creative idea, but then you need the organizational skill to develop it, and the ability to research, and the discipline and logic to tend to the details.
[-] Posted by member1956398 on 04/05/2009 10:43 PM
Many may people may prefer a home office. Doing business in the confines of your home that poses a lot of advantages. A home office could mean just the desk where you keep your computer or the room in your home you dedicate to where you work at home. Home businesses are popular, with more and more people doing it, like lawyers, counselors, internet business people, etc. You could even Feng Shui your home office and furnish it with direct deposit payday loans. Since it’s a home business, you can deduct it from taxes. You want to make it comfortable, but not distracting, so leave the PlayStation in the other room. A decent <a rev="vote for" title="Make a Home Office, Get Payday Loans" href="http://personalmoneystore.com/moneyblog/2009/04/01/home-office-... office</a> might be worth direct deposit payday loans to spruce up.
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