One of the questions that I’m often asked during my housing presentations is “Why do we have to intervene and fix the housing shortage? Why can’t we just let the free market do it?” The answer is, “The free market has failed.” In economic terms, housing supply and demand are out of balance and the market is not able to correct this imbalance. The market has failed because there are a series of external factors (“externalities’) - government regulations and other factors - that effect the free functioning of the market and prevent the supply of housing from growing to equal the demand. Read More...
To be successful in starting a small business, an entrepreneur has four needs: a belief that they can do it; an intimate understanding of the their product and their market; a basic understanding of the financial, marketing, and operational elements of running a business; and access to people and resources who can help. Read More…