Business Mastery

I am more than a little concerned about the air nowadays. The air I’m referring to is the lack of protest about the upcoming nationalization movement.

You may already know president-elect Obama appeared on Tom Brokaw’s “Meeting the Press” last Sunday. Although he danced around quite a bit, he described the long-term government oversight to be coupled to the upcoming bailout of the auto industry. It could mean government mandates on what kinds of cars are created, what prices are charged and what vendors are used. He told Tom to goal would be to create an industry that “actually works, actually functions.” This sounds a lot like nationalization to me. Point is, no one seems to mind. People remain shell-shocked from the financial mess—and they’ve left the door open for government intervention.

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I spent today at the ProInversion Invest in Peru forum. This event is part of the current APEC series of meetings here in Lima.

The sessions consisted of a main tent with a series of speakers about investing in various segments of Peru and a “Peru Showroom” with booths from all of Peru’s regions.

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I am in Lima, Peru with my client and friends at Grupo Innova. My mission is to help position the company for its role in the astonishing growth and prosperity taking place in Peru.

Others are here for an entirely different purpose. Heads of state from most of the countries on the Pacific Ocean are here for the APEC meeting. Most of their countries are not booming and many of them are in a crisis, including the US. There will be many noisy meetings as diplomats gnash their teeth and snarl about the economic mess in the world. I will be in a couple of the meetings and look forward to them. I will keep you posted of my impressions.

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Many of us are frozen in our tracks. The financial crisis brought on by the artificial market created by congress to provide mortgages to the unqualified has effected most sectors.

I have a large number of clients, contacts, allies, and associates and use them all as indicators of how things are going. Although most have absorbed the punches thrown their way over the last several weeks, there is considerable lack of action.

Why? No one seems to know what to do. Most advisors are not providing any real help.

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I have just returned from a week in Peru checking on my real estate investments, conducting due diligence and assisting my client Grupo Innova.

Grupo Innova develops residential and commercial properties for sale to Peruvian individuals and their businesses. 

The majority of properties being developed were large private residences. Their families have largely moved on in their lives and the properties are much too large for the remaining family. This trip I had the opportunity to visit with two of these owners. My client is considering transactions with them.

I’ll tell you a bit of the human side of it.

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