The late Steve Jobs once explained that “A lot of times, people don’t know what they want until you show it to them.” This is clearly the mentality of a successful entrepreneur. Part of this mindset is the ability to see the world, and the marketplace, with fresh eyes — to spot new ways of doing things and then exploit those opportunities while the rest of the world is … [Read more...] about Be Thankful for Our Ability to Fail
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How to Go Green: Top Five Ways to Incorporate Conservation in Your Business
Recycling has become much more popular than it was decades ago, especially since most of us have become more conscientious of our limited resources. Therefore, recycling has become a staple in most people’s daily lives, making it a greater importance that businesses large and small make recycling a natural part of their daily operations. Businesses throughout Nevada have … [Read more...] about How to Go Green: Top Five Ways to Incorporate Conservation in Your Business
Movers and Shakers: Don Hamrick
General Manager Chapman Las Vegas Dodge Chrysler Jeep RAM (31 years in Nevada) Type of Business: Auto Dealership | Hails from: Casablanca, Morocco 13 years with company in Nevada | Based in: Las Vegas How did you first get into your profession? My brother was successful in auto sales and I felt I could be too. I started with Jack Biegger’s Sahara Datsun in 1978. What do … [Read more...] about Movers and Shakers: Don Hamrick
Red Report: November 2017
E Sale, Retail ADDRESS 1711 S. Main St. and 1736 & 1800 S. Las Vegas Blvd., 89104 BUYER 1700 Vegas, LLC SELLER Bali Family Trust, et al. DETAILS 28,560 SF; $6,350,000 APN 162-03-302-001 – 162-03-302-003 SELLER’S REP Paul Chaffee, CCIM, and Wil Chaffee, CCIM, SIOR of Sun Commercial Real Estate Sale, Multi-Family ADDRESS 5300 E. Craig Rd., 89115 BUYER IAVF … [Read more...] about Red Report: November 2017
Industrial Summary: Third Quarter 2017
Southern Nevada The Las Vegas Valley’s overall industrial vacancy rate in Q3, 2017 was 5.5 percent, down 0.5 percentage points from the second quarter. Vacancies were down all product types except for light industrial. The quarter also saw a large amount of completions. The Valley’s industrial market remains healthy and continues to grow. Q3, 2017 saw 2.3 million square … [Read more...] about Industrial Summary: Third Quarter 2017
Business Indicators: November 2017
The “third” estimate for U.S. real gross domestic product (GDP) for the second quarter of 2017 was revised upward to a 3.1 percent annualized rate, which is 0.1 percentage point higher than the “second” estimate. The upward revision reflected a slightly higher increase in private inventory investment than previously thought. U.S. nonfarm employment lost 33,000 jobs, which is … [Read more...] about Business Indicators: November 2017
What Are You Most Thankful For?
“[I’m thankful for] my son! I can have the most stressful day and then when I see him, he inevitably will make me smile. Who can resist smiling at a 5-year-old reenacting his favorite scene from the Batman Lego movie?” Jennifer Braster | Managing Partner Naylor & Braster Attorneys at Law “I am truly thankful for the great relationships and friendships I make each season. … [Read more...] about What Are You Most Thankful For?
Cyber Challenges in the Gaming Industry: For the House to Win, It Can’t Gamble on Cybersecurity
With large troves of sensitive consumer financial data and more cash transactions per minute than some of the world’s largest banks, today’s gaming and casino institutions are ideal targets for cybercriminals seeking hefty payouts. Casinos also have to guard multiple points of entry, from on-site stores, restaurants, entertainment venues, ATMs and point-of-sale … [Read more...] about Cyber Challenges in the Gaming Industry: For the House to Win, It Can’t Gamble on Cybersecurity
A Busy Period For the Nevada Supreme Court
Business professionals often complain that the lack of case law in Nevada creates a climate of uncertainty for business decision-making. The Nevada Supreme Court has been working to change that and, in recent months, the Court was particularly productive, issuing numerous published opinions that affect Nevada’s businesses and the real estate market. Following … [Read more...] about A Busy Period For the Nevada Supreme Court
Administrative Law and Commerce: The Inevitable Yet Unpredictable Collision Between Business and the Regulatory State
As government grows so, too, does its so-called “fourth branch” made up of administrative agencies? In theory, these agencies are the law’s enforcers, tasked with implementing and executing legal commands. In practice, they do much more. They may also be the law’s creators, its interpreters, and its adjudicators – all at the same time. They speak first when … [Read more...] about Administrative Law and Commerce: The Inevitable Yet Unpredictable Collision Between Business and the Regulatory State
Protecting Purchasers in Commercial Property Transactions
Congratulations! Your company just bought a large commercial property to manufacture its widgets. Unfortunately, you just received a notice from the Nevada Division of Environmental Protection (NDEP) that the previous owner dumped its manufacturing chemicals down the drain. The pipes leaked and now the soil and groundwater are contaminated. The seller is out … [Read more...] about Protecting Purchasers in Commercial Property Transactions
Nevada’s Gaming Past Illuminates The Marijuana Industry’s Future
When the Nevada Legislature legalized gaming in 1931, the publisher of the Nevada State Journal called the act, “legalized liberality.” The small railroad stop of Las Vegas issued its first gaming license to a woman named, “Mayme Stocker.” A true pioneer, Ms. Stocker ran the Northern Club along Fremont Street, which had been operating in a gray legal area by … [Read more...] about Nevada’s Gaming Past Illuminates The Marijuana Industry’s Future
Business Succession Planning: Do It Now, Before It’s Too Late
According to the Small Business Administration, small businesses make up approximately 99.7 percent of U.S. employer firms. Of that number, approximately 78.5 percent of U.S. small businesses are non-employer (businesses without employees). More than 50 percent of all small business owners are 50 or older. Although small business owners usually understand the … [Read more...] about Business Succession Planning: Do It Now, Before It’s Too Late
Does the Management of Your LLC Owe a Duty to Act in the Interests of the LLC and the Members?
This is not a trick question, and the answer is – it depends. There are several advantages to using a Limited Liability Company (LLC) in Nevada. The Nevada Limited Liability Company Act affords owners (members) wide flexibility and freedom to decide how to operate and manage the entity. These are important decisions, usually made at the time the LLC is created. A … [Read more...] about Does the Management of Your LLC Owe a Duty to Act in the Interests of the LLC and the Members?
Telehealth: The Future is Now
Imagine that a radiologist who resides in Australia reads a CT scan of a patient brought to an emergency room in Ely after a car accident. The CT scan is transmitted with an artifact that results in an incorrect diagnosis by a neurosurgeon in India, which is conveyed to the ER physician. The fiber optic cable used was installed by a vendor with a principal place … [Read more...] about Telehealth: The Future is Now