How I built a successful business by embracing mistakes
I often get asked by my colleagues in the Berlin real estate industry how we became successful, and how we keep building on our success. So I decided to share my thoughts on this with you here and, I guarantee, most people will not like the answer! Why? Because the road to success is a difficult one, involving persistence and making a lot of mistakes.
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Realtalk: Why more Berliners invest in real estate now
Realtalk: Why more Berliners invest in real estate now. Berlin’s economy is growing unstoppably: Currently an annual GDP growth of 2.7% can be observed in the city. The GDP - or gross domestic product - is the unit used to measure the market value of all the goods and services produced in a certain region over a certain period of time. Considering that Berlin’s GDP is at the peak of Germany’s stable economy, the city seems to be very well off.
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Realtalk: Is Berlin green enough?
Pictures of molten car tires in Australia are currently circulating the internet. The record breaking heatwave that has the continent in its firm grasp leaves hundred thousands of fish floating dead in the Darling River, and the cities are facing severe power cuts. With more than half of the global human population living in urban areas and our famous thirst for energy, it is past time to rethink our way of living. Concepts to minimize our energy consumption in the city there are plenty, but it seems that most projects brought to life to tackle the ongoing climate change are like a drop in the ocean. What most of these projects lack is a scale that will actually impact our affect on the climate.
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Broke on High Income
In the past few years I have perceived a particular habit of many high income earners over and over again. They work hard like clockwork, burden themselves with more and more responsibilities, get promoted in turn, and so the figure on their monthly paycheck grows from 4 to 5 digits quickly. And yet, they struggle to make ends meet.
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Do you ignore these basic principles to build wealth?
The difference between most wealthy individuals versus those who only ever manage to get by is not as big as you may think. Self acquired wealth in most cases is more of a byproduct of a set of habits and a certain mindset, rather than that one “million dollar idea,” and even less so through luck.
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A Habit for Success
As my business continues to grow, the number of people turning to me for advice on how I manage to build my success increases by the day. They expect marketing tips, how to convince investors of their cause, or how to position themselves as the prime expert among their peers. And while I understand that, and none of the aforementioned are to be underrated, I keep asking myself how so many people seem to forget the attributes that I think are the most important to build a successful business.
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The timeline of purchasing property in Berlin
Purchasing property in Berlin takes about 3-4 months from your decision of buying your desired object until you actually get the keys to your new property. In this step by step guide we will take you through the entire timeline of the purchasing process.
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Purchasing Costs of Real Estate in Berlin
When considering the purchase of an apartment, there are a number of costs that have to kept in mind apart from the price of the actual object. In Berlin, Germany, purchasing costs of roundabout 15% will be charged on top of the net-price of the apartment by different institutions.
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EU Terms for Brexit
On March 29, 2019 the United Kingdom will officially no longer be a member of the European Union. Accordingly, the European Union’s special summit in Brussels on the U.K.’s exit of the Union was all but a cheerful occasion. And yet, the leaders of the 27 remaining member states of the EU now finally agreed on the terms of the Brexit in a 585 page document. These are the core terms the EU’s state representatives agreed on:
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What Berlin Mitte really means
A brief history of Berlin Mitte and why it is what it is
If there is any area in central Berlin that is considered to be hip, it is area around Rosenthaler Platz in Berlin-Mitte. How did it happen, that this area has become such a desirable place to be?
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What is the best Fintech hub in Germany?
Has Berlin won over Frankfurt in FinTech, and is it going to catch up with London? According to the report by Ernst & Young, Berlin has the leading position in Germany with the largest FinTech hub, serving as a base of 27% of the FinTech companies.
On top of that, in May 2018, Berlin announced the opening of Fintech Hub H:32. With representatives from business and politics in attendance, today it is Europe’s largest hub for FinTech companies. The German capital chose FinLeap Berlin to build a hub focusing on Fintech in order to create an ecosystem for the finance sector.
Berlin has experienced the highest economic growth compared to the rest of Germany in the last 4 years, partially thanks to the start-up scene in the FinTech industry,
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Solving the Berlin Kita shortage
The German government will invest 5.5 Billion into solving the problem with kindergarten spaces, from which Berlin will be entitled for at least a 3-digit million sum
Many who have kids in Berlin today are faced with the Kita-Problem, meaning a problem of finding a space in daycare. According to a report from Federal Miniterin for Family Affairs Franziska Giffey, Berlin is missing 3000 daycare spaces.
However, thanks to the new law, the local government will take measures starting next year in order to solve this problem completely. The program is planned until 2022 and it includes measures such as attracting skilled stuff through increasing salaries and providing training, improving quality of service and expanding Kita capacities.
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Why Brexit drives British companies to Berlin?
Brexit drives more and more companies to move to Berlin, according to Stefan Franzke, director of Berlin Partner for Business and Technology, an organization that helps foreign businesses to establish themselves in Berlin.
Due to Brexit, not only UK companies are interested in Berlin, but also American and Asian companies are looking at Berlin, as they previously went for all their business in Europe through London, but now this is not working for them anymore, so, therefore, Berlin has become important to them.
More and more people are coming to Berlin and making the city a central location for future technologies. Renowned companies such as Amazon, Fujitsu, Google, Mercedes-Benz, Microsoft, Sanofi and Pfizer already discovered Berlin for their business.
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