An entrepreneur in the entertainment industry, Bill Asher is the owner of Lucid Entertainment and co-owner and co-chairman of Vivid Entertainment. In the mid-2000s, Vivid co-owner Bill Asher began leveraging his extensive contacts in the entertainment industry to expand into the profitable business of commercial real estate.
As with any professional endeavor, due diligence is a key aspect when getting started in commercial real estate. First, understand how the commercial real estate market differs from the residential market. Properties are valued relative to usable square footage, and leases last longer, both of which contribute to higher income potential.
Next, analyze comparable properties in the area to gauge the current market value of the property you are interested in, and research future developments to get an idea of how that value might change over time. Calculate all costs as precisely as possible, including operating fees such as utilities, insurance, repairs, and property tax, as well as capitalization rates and return on investment. Finally, work with a trusted financial advisor to get the best commercial real estate loan rate possible.
A graduate of the University of California with an MBA in finance and entertainment, co-owner of Vivid Entertainment Bill Asher is a successful entrepreneur who has launched more than 25 companies. In addition to serving as co-Chairman and co-owner of Vivid Entertainment, Bill Asher is currently pursuing business ventures related to virtual reality and fantasy sports gaming.
Fantasy sports leagues invite participants to create virtual teams of real professional players in different sports. Players compete against each other in different formats, and points are awarded based on how well virtual player selections perform in real live games. Once considered a fringe hobby, fantasy sports has become a multi-billion dollar business with similar corporate interests as real sports.
In North America, 58 million people participate in fantasy sports leagues, either with friends or in public online leagues. Mobile apps and websites allow participants to track their players’ performances, and the sport generates more than $18 billion in wagers each year. Interestingly, a recent study in MIT’s Society for Industrial and Applied Mathematics Review found that fantasy gaming relies more on skill than chance or luck.
Bill Asher is a Los Angeles-based entrepreneur whose experience has enabled him to oversee the establishment of various companies across different niches. The founder of Lucid Entertainment, Bill Asher is an MBA graduate from the University of Southern California. He has experience in the entertainment industry managing the operation of restaurants, bars, and nightclubs.
A successful bar depends on a quality staff hired to manage the daily business. It is not easy to find the best staff for a bar, as there are many candidates out there who possess varied qualifications.
Identifying the right staff involves approaching professional recruiters who deal with hospitality staff. This is more effective than posting a general advert that will attract lots of unqualified people. Having a good business reputation is a big plus when looking for bar staff. Mediocre employees shy away from applying to reputable establishments with a high standard of professionalism and work ethic.
Constantly attracting substandard employees could that signify a bar doesn’t offer an excellent work environment that is attractive to top performers. Approaching bartending schools is one excellent strategy for identifying quality staff. These schools are often willing to help find work for their students, who are typically trained in various bar-related matters, such as cocktail recipes and opening and closing procedures.
With business experience spanning 20 years, Bill Asher has been successful in many of his professional endeavors. His foray into the real estate world has also brought the Los Angeles-based entrepreneur sufficient gains. For instance, Bill Asher purchased a home in Hancock Park for $4 million and sold it for $5.75 million.
Residential property is land that has been developed to serve as a home for people. It includes condominiums, family houses, and townhomes. However, properties that contain apartments rented out in order to generate income do not fall into this category; a place like that is referred to as commercial property. As such, hotels and campgrounds are also considered commercial property. Residential real estate is the most usual form of real estate.
Zoning laws regulate residential real estate. In certain areas, the law prohibits these kinds of properties from being used to make money. Legal restrictions can also limit the number of buildings on a block.
Residential property is regarded as the most significant investment an individual can own, although the value of these lands is determined by changes in the real estate market. Those buying their first home typically take out a mortgage issued by a bank as a down payment for the purchase of a residential building. The rates of these deposits are flexible.