Category Archives: Business Model

NAMFS Members: Should They be Worried???

Organics Admin
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Organics Admin

COO at Aladay LLC
Organic Farmer, Property Preservation Specialist and Custom Glass & Wood Worker. Blogger extraordinaire...
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Do others Judge You by the Company you Keep?

Which member of the PPI will you be? Left or Right
Which member of the PPI will you be?
Left or Right??

 

As I was enjoying this past lazy Sunday afternoon I received a call from someone identifying themselves as Jeff Chambers of Bakersfield who claimed to be the owner operator of REO and Preservation Services and a member of National Association of Mortgage Field Services (NAMFS).

I performed a basic search to see if this person actually exists and found a listing in the attendance roster for the recent 5 Star Convention. This person claimed he was calling me because of a story mentioning him on Foreclosurepedia.org. When I questioned as to why he was contacting Aladay LLC and myself about the goings on over at Foreclosurepedia he told me he did a Google search and Aladay LLC came up in the search. So I did a search, the entry for our company Aladay LLC comes up as the eighth entry and once clicked on it the link took me to a comment that was made over 60 days ago on a post by Foreclosurepedia.

When I pressed Jeff as to why he was calling me and not Foreclosurepedia he stated that a friend of his told him that he was mentioned in an article by Foreclosurepedia (checking I could find no mention of Jeff in any printed article by Foreclosurepedia) and that when he did a search on Foreclosurepedia we came up.

I further pressed Jeff as to his relationship with NAMFS. Jeff claimed at first that he was a Boots on the Ground Contractor of 16 years in the PPI and he in fact has been a NAMFS member for those 16 years. Jeff also stated that he was worried that the bad press on NAMFS was going to hurt his business. When I questioned this Jeff explained that he received work orders from other NAMFS members and in turned “subbed” them out to other contractors. While this has become a common practice in the PPI it is also the biggest issue that plagues the industry and is a cause for the depleted revenue streams for the BOTG Contractors of the PPI.

However, that is neither here nor there. What I found so amusing is the fact that Mr. Chambers, belonging to an organization in which members are under a mountain of scrutiny Mr. Chambers was worried that he would be associated with the “bad seeds”, for lack of a better term.

Well as a consultant you always recommend the best for your clients and while Mr. Chambers was and is in no way  one of our clients I still offered the following advice;

If you’re uncomfortable being associated with companies that have questionable business practices, ethics, and people working for them then you should probably not be a member of the same organization they are…

Well Mr. Chambers then went on to say that he probably would lose all the preservation work his company is currently completing.  Hey doesn’t that make you want to run out and join NAMFS???? You can get work subbed to you from one of the organizations members!!!!!!! That just floats my boat.

Now I may be goofy but it is my understanding that you pay $300 plus to be a member and Mr. Chambers is worried about being associated with companies committing fraud, and RICO violations? What baffles me the most is that for the $300 membership fee to NAMFS to have one of the membership sub work to me…well if it was me I believe I would be taking my favorite girl to her favorite restaurant and enjoy her company as I can spit in the wind and find a company that wants to do nothing except sub work to me removing a layer of revenue that should be going to our company coffers. I do believe that would be a much more enjoyable experience than becoming a member of NAMFS.

But whatever toasts your toboggan Jeff….

 

 

Views expressed are not those of Aladay LLC ownership and are strictly opinion of the writer.

 

Until Next Time

Happy Gardening

Business Model: Is it Time to Update Yours??

Organics Admin
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Organics Admin

COO at Aladay LLC
Organic Farmer, Property Preservation Specialist and Custom Glass & Wood Worker. Blogger extraordinaire...
Organics Admin
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Latest posts by Organics Admin (see all)

Is It time to Update Your Business Model?

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Allow us the privilege of assisting you today

 

With the current state of affairs in the property preservation industry perhaps it is time to consider your current Business model and business plan. If this is an industry you wish to remain involved with you need to be aware of the rapidly changing landscape and prepare yourself for the upcoming changes.

A business model describes the rationale of how an organization creates, delivers, and captures value (economic, social, cultural, or other forms of value). The process of business model construction is part of business strategy.

In theory and practice, the term business model is used for a broad range of informal and formal descriptions to represent core aspects of a business, including purpose, target customers, offerings, strategies, infrastructure, organizational structures, trading practices, and operational processes and policies. The literature has provided very diverse interpretations and definitions of a business model. A systematic review and analysis of manager responses to a survey defines business models as the design of organizational structures to enact a commercial opportunity. Further extensions to this design logic emphasize the use of narrative or coherence in business model descriptions as mechanisms by which entrepreneurs create extraordinarily successful growth firms.

“Whenever a business is established, it either explicitly or implicitly employs a particular business model that describes the architecture of the value creation, delivery, and capture mechanisms employed by the business enterprise. The essence of a business model is that it defines the manner by which the business enterprise delivers value to customers, entices customers to pay for value, and converts those payments to profit: it thus reflects management’s hypothesis about what customers want, how they want it, and how an enterprise can organize to best meet those needs, get paid for doing so, and make a profit”.

Business models are used to describe and classify businesses (especially in an entrepreneurial setting), but they are also used by managers inside companies to explore possibilities for future development. Also, well known business models operate as recipes for creative managers. Business models are also referred to in some instances within the context of accounting for purposes of public reporting.

business plan nightmares
Writing a Business plan can be overwhelming. Allow us to assist.

 

 

 

If you need assistance with revamping your business model or help organizing information to rewrite and update your business plan drop us a line today. We can assist with your basic business 101 needs.

For more information send  an email today to consultationservice@aladayllc.com

 

 

 

Until Next Time

Happy Gardening