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Entries for January 2008

Chaldeans Buying Businesses Need to Beware
By Bedre Konja :: 39119 Views :: Article Rating :: Business & Finance

Chaldean entrepreneurs will mostly agree that buying a business is not simple; in fact, it is almost similar to starting a new venture. The struggle of finding a business that matches your capabilities and investigating the business potential to remain profitable is just the beginning.  Buying a business requires the same thoroughness as creating a business plan for starting a business. 

Edward Putrus, owner of West Coast Electrical Warehouse Supplies in Arizona says the ability to make a good business great is different than creating a new business.  Anthony Jurjus, an associate partner in the firm Rosen, Russel, and Silverman Consulting, PLC is a commercial real estate agent and business broker who often helps Chaldeans in finding and buying businesses.  “Anyone buying a business needs to do be careful, have a strategy, be patient, and persistent,” says Jurjus. 

Jurjus suggest Chaldeans follow a 10-step process in guarantying the business they buy is the right one. 

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Networking Grows A Business
By Ray Yono :: 73894 Views :: Article Rating :: Business & Finance, Chaldean American Professionals

When Joseph Garmo attended a Chaldean wedding, he never imagined that he would hear the benefits of his own product begin shared by a fellow guest. 

There at the table, says Garmo, another guest seated with the group began to share his excitement for a new product our firm developed to help reduce check cashing fraud.  "It was like a totally unsolicited sales pitch" for the Michigan-based firm helping the Chaldean community deal with the rash of check fraud.  “The Michigan economy is horrible. Add low morals with a poor economy and you get lots and lots of crime,” says Garmo.  “Chaldeans in large part are victims of these crimes and not much is done to help them.  We wanted to change that.”

Garmo explains how the table guest began what would continue on as a 15- to 20-minute discussion between the guests at the table about his company's product. “It was hard to keep quiet, but I did.  I wanted to hear what they would say,” he says. “I wanted to learn if our idea could make a difference.”

It was also the moment he realized the power of his connections. He hadn't spent a dime on marketing his product and before him was a table filled with his target market discussing his Check cashing prevention system.  Listening to the Chaldean business talk, Garmo realized where the guest had learned about his product. 

How did he do it?

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8 Tips For Home Sale Investment by Chaldean Real-Estate Agents
By Salam Abbo :: 119405 Views :: Article Rating :: Living & Lifestyle, Business & Finance

Johnny Bitti hopes to sell his home before July.  Raymond Kalu, Century 21 Hometown agent from Sterling Heights, Michigan says, “Bitti needs to start thinking about how to make his home stand out from the rest.  The trick is to spend time and money on fix-ups, getting the house to look neat and open instead of spending money on remodeling projects.” 

Kalu seems to have his hand on the pulse of the market.  Remodeling magazine completed a study of homeowners across America and the result is that the owners aren't recouping as many improvement costs as they could in recent years.   In fact, real-estate agents advise clients not to overdo it, regardless of what the local market conditions are like.

The investment for any remodeling projects is added to the selling price of the home.  Chaldean real-estate agents say that the buyers market is fiercely competitive and sellers will have trouble selling a home with value added costs added to the bottom line.   The reason is that asking prices are based largely on comparisons with similar homes in the area, Kalu says. “And in the many markets that aren't exactly booming right now, buyers have more negotiating power over the price of a home,” he adds.

www.CHALDEAN.org contacted a number of Chaldean real-estate agents and asked them for their best tips for Chaldean homeowners looking to sell.  Here is what they had to say…

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Chaldeans Fast Learning About Legal Muscle
By Neda Ayar :: 96105 Views :: Article Rating :: Law & Order, Business & Finance, Chaldean Justice League

California, USA - Chaldeans are very fast learners.  All it took was a number of passengers in 1999 that were stranded in Detroit Metro Airport in Michigan to sue Northwest airlines for wrongful imprisonment.  The 11 hour snowstorm and Northwest’s decision to keep everyone on board affected 7,000 passengers and ultimately cost them $7 million in an out of court settlement. 

Unlike Chaldeans in Michigan, Kate Hanni can’t stand the cold.  The California resident made that painfully clear after American Airlines diverted her flight for more than eight hours a year ago.  The law suite filed by Hanni and another passenger alleges false imprisonment, fraud and negligence. 

“Chaldeans are fed up of being taken advantage of because of our accents, hard-work ethics, or family togetherness.  From my personal experience, people are envious of Chaldeans and don’t like the fact that we are a devoted community,” says Ann Kareem, a Michigan native who was part of the Northwest class action suit.  “Homeowner’s association try to take advantage of Chaldeans, school districts, and clubs do the same because they think they can get away with it or are upset that Chaldeans are successful or how our family’s remain so close.  Whatever the reason, you can ask any Chaldean and they will tell you they are often treated unfairly. I am glad Kate is suing in California, more Chaldeans need to sue.”

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