Amid the Coronavirus Economy, Peter J. Burns III Invests in Cannabis Church

Veteran entrepreneur Peter J. Burns III is moving forward with a major investment in Agora Temple, a religious institution that provides cannabis as a sacrament to parishioners. In an economy struggling to adjust to hardships presented by the COVID-19 pandemic, the investment is hailed as a bold and strategic move.

Agora Temple is a 501(C)(3) charitable organization based in the Melrose section of Los Angeles.

“Agora Temple will be the model for other places of worship as we expand in California and beyond,” says Peter J. Burns III, who is based in Southern California. “We not only have an exemplary leadership team at the existing location, but we also have the right people in place for expansion, especially from an operational, legal and regulatory standpoint.”

Peter J. Burns III will have a seat on the board of directors at Agora Temple. He says his company’s decision was bolstered by a plethora of legal decisions in the state that recognize that freedom of religion is protected by the First Amendment, which prohibits laws impeding the free exercise of religion among U.S. citizens.

The model is also supported by the fact that there’s a long, rich history of cannabis and religion dating back 7,000 years. And, that the Catholic Church has long used wine as a sacrament, even selling wine that has been “ordained” to its membership.

“The underlying mission of promoting spiritual growth by using cannabis as a sacrament must be ingrained in the Temple’s philosophy as well as its practice,” Burns says. “There are many existing religious institutions in California that have mishandled this. We are prepared to help them, as well as to establish new Temples.”

Burns adds that he is also impressed by the charitable mission of Agora Temple, which has been working with various charities in Southern California for more than a year. ‘We will enhance those efforts,” he says.

How Does a Cannabis Church Operate?

In California, and states all over the country, cannabis churches are becoming part of the landscape. People don’t technically pay for marijuana at these church services. Instead, they tithe (donate money) to the church in exchange for cannabis.

There are legal issues. But proponents argue that many people truly believe that cannabis has a history and a proper place in being delivered as sacrament. Members of cannabis churches believe they are involved in religious efforts that help them connect to a higher power.

And there are medical studies. Some research points to the benefits of cannabis for many maladies, such traumatic brain injuries and persistent anxiety. Other studies show a rise in cannabis use among all segments of the population. Taken together, it’s easy to conclude that in the not-so-distant future the use of cannabis will be widespread and legal in every state in the country.

Recognizing this, Peter J. Burns III has embarked on a crusade to reduce pain and suffering in the United States by making cannabis available as a sacrament.

This movement is not new. In California, there are dozens of independently owned cannabis churches. Peter J. Burns III’s goal is to create hundreds of these places of worship and reflection, in California and nationwide.

“This fits into my philosophy as an entrepreneur of doing well by doing good,” Burns says. “We are spreading peace, love, and a sense of togetherness by promoting the spiritual use of cannabis as sacrament.”

The beauty of a cannabis church services is that topics anyone can relate to are explored, including love, self-awareness and empathy. Everyone’s opinion and perspectives are respected, and no one is told what to believe. The idea is that everyone participating is given the opportunity to learn more about themselves by learning more about the experiences and contexts of others.

Agora Temple is funded through donations, or tithing. Some of these donations are presented in furtherance of charities. Other gifts are made in exchange for sacramental cannabis.

Agora accepts responsibility for being a spiritual oasis. It has embraced charity work and adheres to the regulations of being constructed as a non-profit, or 501(c)(3). These principles are critical to a long-term future, as well as an ability to ease pain and suffering for all Americans.

There are opportunities for investors to participate in this worthwhile cause. Even as the country embraces a new, post-coronavirus economy. For more information, reach out to Peter J. Burns III: (peterjburns3@gmail.com).

Peter J. Burns III

As COVID-19 Threatens Economy, Peter J. Burns III Says a Simple IRS Procedure Could Send Billions Back to Business Owners

While the coronavirus crisis is threatening to wipe out many businesses—and maybe even send the economy into a recession—entrepreneur Peter J. Burns III says there’s a widely underutilized method for increasing tax savings that could greatly boost stimulus efforts.

That method is known as cost segregation. It’s a 100-percent legal process guided by IRS methodology. The IRS publishes guidelines for a cost segregation study on its website.

“We’re looking at an unprecedented devaluation of companies and their properties,” says Peter J. Burns III, a serial entrepreneur who has spent the last 40-plus years helping create more than 150 companies in both conventional and nontraditional markets.

He says cost segregation is a way for companies to get money back in taxes that they’ve already overpaid. Burns believes this process is a quicker and more efficient way to stimulate the economy than relying on aid packages from the federal government.

“Even if companies have already paid their taxes this year, they can do amended returns and get back money they’ve already overspent,” Peter J. Burns III says. “This process is a much quicker way to try to avoid what is looking like an inevitable depression.”

What is Cost Segregation?

Cost segregation is a method of reclassifying components and improvements of commercial and residential real estate. Using Internal Revenue Service guidelines, cost segregation results in reduced tax liabilities and increased cash flow—for both owners and lessees.

To initiate cost segregation, a third-party-certified study identifies, values and separates depreciable personal property. A certified analyst will appraise non-structural items (things like carpet, wall coverings, etc.) and adjust the scheduled depreciation.

The result? Acceleration of depreciation can lead to huge tax savings in the early years of the life cycle of a real estate property. This allows a property owner to catch up on savings that result from the depreciation adjustment.

It’s relatively simple. Under standard, straight-line depreciation, the default tax life on a commercial building is 39 years. Cost segregation professionals seek to identify the multiple pieces of personal property that can be placed on shorter—five-, seven- or 15-year—depreciation terms.

According to studies commissioned by Peter J. Burns III, doing a third-party-certified study for cost segregation usually result in 6 percent of the value of a building coming back in tax benefits. In one study, an $8-million rental villa returned $625,000 to the owner after cost segregation.

Cost segregation is a 100-percent legal process guided by IRS methodology. IRS guidelines allow this technique to be applied to newly built and existing buildings. However, the building must have been placed in service after 1987.

The number of years owned by the current owner, prior renovations, and future renovation plans are some of the considerations used to determine whether a cost segregation study makes economic sense.

The technique has been widely used since 1997 as a result of two landmark tax court cases in which both Walgreens and Hospital Corp. of America prevailed against the IRS. Traditionally, engineering departments in Big Four CPA firms have used cost segregation with their large clients.

The modern application of cost segregation can be traced to those 1997 court cases—but it was Peter J. Burns III, who was serving as an adjunct faculty member at the Barrett Honor College at Arizona State University, who first tied the practice to other business ventures in 2005.

Cost Segregation is a Simple Process

It’s estimated there are 91 million buildings eligible for a cost segregation study. Yet, only five percent have undergone the process. According to Peter J. Burns III, that means there’s potentially as much as $500 billion on the table to help out struggling businesses.

That’s roughly equivalent to the stimulus plan approved by the federal government.

Cost segregation is actually a simple transaction. If you’d like to find out more about this innovative process that could help rescue American businesses, reach out to Peter J. Burns III, who can help match prospective donors with qualified cost segregation professionals.

Peter J. Burns III

Stay Sharp and Creative While in Self Quarantine, Says Peter J. Burns III

A positive outlook on life—despite the gloom and doom brought by the COVID-19 crisis—will always pay dividends, according to serial entrepreneur Peter J. Burns III.

He has a singular message that applies to your personal and professional lives: “Don’t whine about what is missing. Embrace what you have in front of you and just live your life. As the old saying goes about the calamity facing us now—this, too, shall pass.”

On the business front, Peter J. Burns III has kept moving forward during the coronavirus pandemic. He closed a significant transaction—acquisition of control of the board of the country’s first and best-run Cannabis Church.

The Agora Temple is located on Melrose Avenue in Los Angeles. This unique vertical is a religious institution that serves cannabis as a sacrament (more on this later). The church also is a significant force in bringing large charitable bequests to many underserved communities.

“Making a large investment in a completely new field appears counterintuitive to common sense, especially during one of the most fearsome economic downturns in America’s history,” Peter J. Burns III says. “But for me, it’s par for the course.”

On the personal side. Burns—who has had a hand in building 150 companies over an illustrious, 40-year career—says he’s using time during self-quarantine that’d he’d normally devote to finding new business ventures to enjoy his surroundings.

Based in Southern California, Peter J. Burns III is safely and responsibly—per social distancing guidelines—taking work-break walks in the gorgeous community of Del Mar. Before the coronavirus pandemic, he similarly discovered the beauty of La Jolla, Ocean Beach, Solana Beach, Encinitas and Cardiff-by-the-Sea.

“I’m lucky to live in an area that has extensive natural beauty and miles and mines of beach communities with amazing coastlines,” he says. “I’m really appreciating that right now.”

A Few Notes on the Cannabis Church

Cannabis churches are not new, but they are still in the fledgling stage. Agora Temple is a 501(C)(3) charitable organization based in the Melrose section of Los Angeles.

“Agora Temple will be the model for other places of worship as we expand in California and beyond,” Peter J. Burns III says. “We have an exemplary leadership team at the existing location, and we also have the right people in place for expansion, especially from an operational, legal and regulatory standpoint.”

Peter J. Burns III will have a seat on the board of directors at Agora Temple. He says his company’s decision was bolstered by a plethora of legal decisions in the state that recognize that freedom of religion is protected by the First Amendment, which prohibits laws impeding the free exercise of religion among U.S. citizens.

The model is also supported by the fact that there’s a long, rich history of cannabis and religion dating back 7,000 years. And, that the Catholic Church has long used wine as a sacrament, even selling wine that has been “ordained” to its membership.

“The underlying mission of promoting spiritual growth by using cannabis as a sacrament must be ingrained in the Temple’s philosophy as well as its practice,” Burns says. “There are many existing religious institutions in California that have mishandled this. We are prepared to help them, as well as to establish new Temples.”

Burns adds that he is also impressed by the charitable mission of Agora Temple, which has been working with various charities in Southern California for more than a year. ‘We will enhance those efforts,” he says.

Always Moving Forward

In good business climates, as well as the dismal one we are now in, Peter J. Burns III will continue to embrace what he has on his plate. Yes, this, too shall pass. And he’ll continue to create start-ups and look for savvy business partners.

There are always opportunities for investors—even as the country embraces a new, post-coronavirus economy. For more information, reach out to Peter J. Burns III: (peterjburns3@gmail.com).

Your Business Needs Good Credit

As a lifelong entrepreneur, Peter J. Burns III is a true business guru. Burns has started over 150 successful businesses during the past four decades, including Burn$ Funding. He started Burn$ Funding to provide other entrepreneurs with sound solutions to their financial and credit needs. According to Burns, your business absolutely needs to have good credit in order to be as effective and lucrative as possible.

What is business credit?

Business credit is built much like personal credit is built. However, business credit is tied to your employer identification number (EIN). While personal credit tells lenders if you are a reliable borrower, business credit tells lenders if your business is a trustworthy entity. When credit-reporting entities like Experian and Equifax consider your business credit score, they take several factors into account. These factors include the length of your credit history, your credit card utilization, your repayment history, and outstanding balances.

Why is business credit important?

  1. Good business credit will make you more eligible for excellent financing opportunities.

Without good business credit, your chances of securing the capital you need for your company are limited. It is also important to know that the U.S. Small Business Association (SBA) reports that businesses have between 10 and 100 times the credit capacity of individuals. If you want your company to grow, business credit is a must!

It is also important to consider that even if you do not need extra capital right now, you should always have an emergency fund in the event of an unexpected occurrence. Emergency business funds are of the utmost importance! For example, if you were unable to work for two months, you would still need to pay your employees.

2. Building business credit will help you protect your personal credit.

Never max out your personal credit card to pay for business expenses and always keep your business and personal credit separate. As previously mentioned, you will be able to access a much greater deal of credit as a business, as opposed to as an individual. Entrepreneurs like Peter J. Burns III know that is nearly, if not entirely impossible to run a business using only personal credit. In order to scale your business, you definitely to build your business credit.

3. Having a business credit card will help you to separate your expenses.

For accounting purposes, it is crucial to know where your money is going. Without using a business credit card, it is very difficult to separate personal expenses from business expenditures such as payroll. By tracking your business expenses carefully, you can make the right decisions about where to spend your organization’s money and where to “trim the fat.”

Furthermore, if you own an LLC or a corporation, you definitely need a shield between your personal assets and your business. A separate business account can help you to protect you from being personally liable for debt accrued by your company and legal fees incurred due to lawsuits.

4. Cost segregation opportunities should never be overlooked.

If you want to retain more of your money, it is absolutely essential that you take advantage of cost segregation. When you file your taxes, it is much easier to separate your personal and business assets if you use a business account for your company’s expenses. Maximize your tax saving by using a business credit card.

How do I build business credit?

  1. First, incorporate your business or establish it as an LLC.
  2. Obtain an employer identification number (EIN). This number is similar to your social security number, but it identifies your business (as opposed to you as an individual).
  3. Open a bank account using your company’s legal name.
  4. Apply for a business credit card, spend wisely, and repay your balance.

For financing solutions and opportunities to build your business credit, visit www.burnsfunding.com, which was established by Peter J. Burns III in order to help entrepreneurs and founders to manage their financing. There, you will find a variety of business-savvy tools to help you succeed. You can even apply for Peter J. Burns III’s Entrepreneur’s Credit Card. The card will allow you to receive up to $175,000 in unsecured credit and you will pay 0% interest for 12 months or longer.

Follow Burn$ Funding on LinkedIn here for more information and updates on the company’s special offers.

Article by L.K. Bright

Luxury Group Homes Provide Dignity and Comfort for All Ages – Peter J. Burns III

Peter J. Burns III is a successful serial entrepreneur and philanthropist. Burns lives by the principle belief that to truly do well, it is critical to perform acts of kindness for others. As a self-made multimillionaire, Burns has deep pockets and access to a vast network of influential individuals. Therefore, he is able to do a great deal of good for others.

While Peter J. Burns III continuously powers a range of new and pioneering projects, Luxury Group Homes is an especially innovative and beneficial endeavor. If you have not heard of Luxury Group Homes yet, you definitely should know about this enterprising project and its potential to help countless people.

Truly Fair Housing

Firstly, it is important to understand that “group home” refers to a housing entity in which multiple non-related individuals live together. Often, group homes house elderly people who need extra care. Unfortunately, many people find traditional group homes less than satisfactory. Traditional group homes are not always comfortable living places, and moving to a traditional group home may require a new resident to move far from his or her community, where HOAs and similar groups may be reluctant to accept the establishment of a group home.

However, the Fair Housing Act (FHA) was created to ensure that protected groups, such as people with disabilities, would not be subject to discrimination in terms of housing. Peter J. Burns III, who wholeheartedly supports the aging population and individuals with disabilities, envisioned Luxury Group Homes as an alternative to traditional group homes. The Luxury Group Homes project abides by the FHA and is compliant with the Americans with Disabilities Act (ADA).

Luxury Group Homes offers residents with excellent care, social activity, and gourmet meals in sophisticated settings. Because of the FHA, Luxury Group Homes may be built almost anywhere, and are a solution to the problem of elderly people being driven from the neighborhoods in which they planned to retire. Individuals absolutely deserve to live with dignity; reaching a certain age or needing extra support should never drive a person to accept unsatisfactory living conditions.

The Premier Luxury Group Home

Burns’s first Phoenix Luxury Group Home is pictured above.

The first Luxury Group Home developed by Peter J. Burns III and his associates is an assisted living mansion built to accommodate 10 residents. The property is located in Phoenix, Arizona. It features sumptuous private rooms, elegant group spaces, first-class guest quarters, a swimming pool, a lush lawn, and a serenely private chapel.

Above: an interior view of a sitting room inside Burns’s signature Phoenix property.

This historic mansion was the largest private property in Arizona when it was built in 1929. The building has been fully updated with the highest-quality modern comforts by Peter J. Burns III’s trusted, established developers in order to provide residents with the excellence they deserve. The development is intended to be just one of several Luxury Group Homes which will provide the same exceptional care and white glove service.

Pioneering Plans for the Future

In order to serve more individuals with tasteful, peaceful surroundings in their later years, Peter J. Burns III is currently planning other luxury residences. Potential lenders are encouraged to invest in this project, which will positively impact the lives of many. Because lenders fund up to 90% LTV of the real estate portion of Luxury Group Homes acquisitions, the barrier to entry is significantly lowered for potential investors. To find more information about this project, including blueprints, figures, and ways to invest, visit www.luxurygrouphomes.com.

Luxury Group Homes is made possible, in part, by Burn$ Funding. Click here to find other investment opportunities and sound financial solutions. Read more about Peter J. Burns III and his pioneering projects and businesses at www.peterjburnsiii.com.

Article by L.K. Bright, MLS & MLIS

Could Orcas and Humans Help Save One Another?

peter j. burns iii

Successful, innovative entrepreneur Peter J. Burns III believes so, and he’s on a mission to help both humans and these amazing creatures. Burns has created over 150 startups, but this multi-millionaire is much more than a business person: he’s a humanitarian at heart. Read more to find out about The Orca Project.

The Catalyst Behind the Mission

Burns, who lives on the California coast became worried about the safety of his community and individuals worldwide as he increasingly noticed media coverage of unprovoked shark attacks on humans. There’s a reason why unprovoked attacks keep appearing in the news: based on the International Shark Attack Files, which is published by the Florida Museum of Natural History, these attacks have increasingly occurred over the past few decades. The chart below provides more details:

Image source: Florida Museum of Natural History, 2018 https://www.floridamuseum.ufl.edu/shark-attacks/trends/frequency-rates/world/

Clearly, human lives are at stake, but why does Burns believe that orcas can provide a beneficial solution?

“Apex Predators” Meet Their Match

An apex predator is a species at the top of its food chain. People often think of sharks, especially great whites, as apex predators with no natural enemies. However, research shows that this assessment is not quite correct. 

According to a recent publication by Smithsonian, scientific studies have proven that a pod of orcas can drive great whites away from an area for months – even if the pod is only the area for a couple of hours. Based on the report by the Smithsonian, and other reputable publications such as National Geographic, great whites flee from orcas for good reason: orcas prey on these sharks.

Creating a “Win” for Everyone

Peter J. Burns III is not on a mission to eradicate great whites or other sharks by introducing pods of orcas into their territories. Instead, he is actively pursuing a new, green solution that will benefit humans and orcas without causing shark casualties. The Orca Project is based on the idea that great whites could be deterred from areas where humans frequently swim through the use of technology. 

The Atlantic recently published an article that expressed that “orcas don’t actually have to kill any great whites to drive them away. Their mere presence—and most likely their scent—is enough.” (Yong, 2019) Burns believes that introducing the scent and sounds of orcas into waters frequented by beachgoers can help keep humans safe by driving away sharks and preventing attacks. Here are a few potential benefits to this plan:

Human swimmers are less likely to become prey – accidentally or otherwise – if sharks eschew coastal areas in favor of locations that are not frequented by people.

The project will spark further research and interest in these animals, whose populations are rapidly declining, according to the Center for Conservation Biology at the University of Washington.

The Orca Project is a shark-friendly alternative to killing these animals. Furthermore, fewer shark attacks on people mean less “bad press” for the sharks, who are often vilified. 

Become Involved in the Orca Project

If you are interested in contributing to The Orca Project or learning more about the mission, visit Burns’s site (www.peterjburnsiii.com), which gives details about this endeavor as well as other ongoing projects.

Sources:

Center for Conservation Biology. (2019) Causes of Decline Among Southern Resident Killer Whales. University of Washington. Retrieved October 25, 2019, from https://conservationbiology.uw.edu/research-programs/killer-whales/.

Daley, J. (2019, April 22). Great White Sharks Are Completely Terrified of Orcas. Smithsonian. Retrieved from https://www.smithsonianmag.com/smart-news/great-white-sharks-are-completely-terrified-orcas-180972009/

Florida Museum of Natural History. (2018) World Attack Frequency Rates. Retrieved October 25, 2019, from https://www.floridamuseum.ufl.edu/shark-attacks/trends/frequency-rates/world/.

Rigney, E. (2019, July 16). Orcas Eat Great White Sharks—New Insights Into Rare Behavior Revealed. National Geographic. Retrieved from https://www.nationalgeographic.com/animals/2019/07/killer-whales-orcas-eat-great-white-sharks

Yong, E. (2019, April 19). The Predator That Makes Great White Sharks Flee in Fear. The Atlantic. Retrieved from https://www.theatlantic.com/science/archive/2019/04/great-white-sharks-flee-killer-whales/587563/

How to Get Fund for Your Business – Peter J. Burns III

Now that you have finally thought about starting a new business of your own, you may be looking for a way to get the fund to grow that business. However, before you start looking for a way out, you should know that there is no best way to get fund for a new business because each of these methods has its own merits and demerits. In addition to this, a funding method that works for a particular type of business may not work for your type of business. This means that you should choose the right option for your business. However, there is one that works for all kinds of businesses, the Burns Funding, which was set up by Peter J. Burns III.

Different Funding Methods for Your Business

There are different funding methods where you can get money for your business. Some of these methods include:

Self-Finance – This is the easiest form of business financing, but it is less likely for most starters. This has to do with you putting some percentage of your savings into your new business without ruining your family, marriage, relationship or jeopardizing your home. Once you put more into the business already, any other funding source will understand how serious you are with the business. This will also help reduce your stress when the times get tough. If you cannot risk losing your savings, you may have to go for other options.

The line of Credit – You can visit a band and request for a line of credit if you know the bank very well or you have a good relationship with them, or you have a business account with them. Although this type of business funding may not be immediate, it may be the right funding source for your type of business, especially for future business emergencies. This funding type is at lower interest rates than the rates offered by emergency business loan suppliers.

Friends or family – Although many people believe that lending money from your relatives or close friends ruin the bonds of relationship, you have to ask for funds from them especially if every other option are ruled out. One thing you have to make sure of is to refund the money on or before the time given. This type of business funding type is good and a low-risk one, unlike the emergency money lenders that charge a high rate of interest. Lastly, go for this type of funding when you are very confident that your business will flourish and you will get enough income to repay the lender on time.

Burns Funding – This is a type of funding program you can turn to when you need funds to grow your business. The Burns Funding is The Entrepreneur’s Credit Card Program that was designed by Peter J. Burns III, and you will get up to five times the financing that other lenders offer. There is up to $175,000 unsecured credit with better rates and quicker approval for your business. For your business to flourish, you need this type of funding. So, don’t let lack of fund hold you back from growing your business.

Are you in need of other information? Then, you need to contact Peter J. Burns III for more information about the Burns Funding. Visit us here and submit your information. Since we are not a direct lender, we will immediately match you up with an approved lender in your area (and your type of business) to cater for your credit needs in no time. This is the fastest business funding source because you will not wait for weeks or months.

Peter J. Burns III’s New Projects

Peter J. Burns III has shown no indications of stopping what he has been doing in the last decade. He continues to invest in new opportunities. With most of these projects being ideas from his original thinking, he always creates something out of nothing and will continue to fascinate the world. Below we discuss five of the new projects this serial entrepreneur is creating.

Ethiopian Imperial Coffee

Although the Ethiopian coffee was invented so many years ago, the local people and the government have never made an effort to brand it. This is despite the fact that it is traded with renown world coffee sellers and buyers.

When Peter J. Burns III went for his 6 months volunteer program in the Easter Africa Country, he noticed this entrepreneurial gap and decided to venture in it.

This is a project aiming to market Ethiopian imperial coffee in the United State and the Caribbean markets.  It targets to put the Ethiopian coffee amongst the top sellers in America.

Electronic Bikes

Peter J. Burns III has noticed that Electronic bikes have become valuable alternatives to the motorized bikes he introduced to La Jolla in his early entrepreneurial years.  The electronic bikes project is currently in the rapid growth phase having passed the adoption phase.

Burns wants to fully take advantage of the electronic shops in La Jolla. Despite the fact that there are two of these rental shops in La Jolla village, none of them is convenient enough for the rental business in the shores.  This is has made him his name; taking advantage of open entrepreneurial opportunities people have not discovered.

 Niche Air Charter Business

The primary focus of the business will be on niche charter catering world. The target market will be group events, sports, and athletics teams as well as music tours.

The business operations of the projects will be lead by an ex-employee of a well-established jet charter enterprise. He will use his vast experience and powerful network to make and keep the clients satisfied.

Med Spa Project

When starting this project Peter J. Burns III had a goal to replicate the success story of a doctor-owned spa in the city of Anaheim California. The project is to be pioneered in La Jolla before being rolled out to other wealthy areas. It is to combine both ladies and men’s cosmetics and medically approved health enhancing procedures.

Pet Transportation Project

The pet transportation project is an idea meant to help employees that get transferred from one region to another and would like to move with their pets. The transportation costs of this migration will be paid by the respective employers. The four travel aggregators that Peter J. Burns III has partnered with provide services to over 1000 employers. It’s projected that together, these organizations employ 120 million people.

The Peter J. Burns III owned company has based its targets on the probability that a large part of the 120 million employees must relocate with their pets at certain periods in a fiscal year.

About Peter J. Burns III

Born into a wealthy family in New England, Peter J. Burns III would have exposure to opportunities around him that most people would never know.  But Peter’s father made sure he and his two younger brothers understood that they were to make their own money and success for themselves, and it is just something ingrained into the very fiber of Peter’s being. Even as a child, he had a knack for finding and capitalizing on opportunities with outside-the-box thinking.

Growing up in New Canaan, CT, the “Land of the Fortune 100 CEO” was not exactly conducive to becoming an entrepreneur. Yet, even at the tender age of 7, Burns was out by one of the local country club’s water holes, ostensibly peddling lemonade but really wading into the water and then selling the duffers’ balls back to them.

The enterprise ended abruptly when the club’s manager called his father, one of their members, and asked to have him removed from the course.

“Peter is just a child,” his mother said to his father. “Don’t worry, he’ll be like the other children.”

But it was just not in Peter’s makeup to be like other children.  There is a certain freedom that comes with entrepreneurship, freedom of independent thought and flow of ideas, and of testing and exploring those ideas…  That kind of mind you can never fully box in for long.

Numerous other entrepreneurial ventures sprang up throughout his youth. “Boogie at the Beach” became an annual summer event where he rented out the beach club where his family belonged, throwing a huge keg party with hamburgers and hot dogs galore and a live rock band – all for an admission price to his “thousand closest friends.”

“He’s just trying to find his place in the world,” his mom told his dad.

Little did anyone know that in the process, Peter was educating himself with the real-time practical application of supply and demand, inventory control and the pluses and minuses of an all-cash business, concepts that most young people learn about through higher education, and then only in theory.

Meanwhile, Peter barely made it out of high school. And when one of his “sure thing” business deals soured and his father couldn’t take it anymore, he found himself with the unenviable choice of paying for college himself or joining the Army.

Off to basic training he went, and after four months in the swamps of Ft. Polk, La. (the only hole above ground), Burns found himself the proud and somewhat surprised recipient of a Secretary of the Army Appointment to the United States Military Academy at West Point.

Since the Academy had started for the year, he was placed at the United States Military Academy Preparatory School, where he met another cadet candidate whose father was the colonel in charge of the Army ROTC Scholarship Program. He learned that it was much better to be an officer than an enlisted man, and he surmised that going to a civilian school and coming out a full-fledged officer would be more fun than matriculating to ‘the Point.’

Burns was regular Army and the ROTC program was for civilians. Still, he persisted and to everyone’s surprise, he won a spot.

He started at the University of Virginia in the fall of 1976. He relinquished his West Point appointment to some deserving alternate, and off to college, he went.

The university was great fun. He spied a second-semester course at University of Virginia’s venerable McIntire School of Commerce that really resonated with him – Entrepreneurship. The challenge was that he was a freshman and the course was a senior elective. But Burns doesn’t view obstacles the way most people might; he simply looks for ways around them, and always pushing the envelope.

After filing his petition with the professor at the business school, he was forced to verbally defend himself in front of the entire class with why a “lowly first-year student felt that he merited the honor of being in a fourth-year course.” He was successfully admitted into the class, where he seemed to fit in as he had never before.

The course requirement was to come up with a potentially viable idea and draft a business plan to make its case for funding.  Burns had a cool idea and convinced a couple of the business school needs to help draft the pro formas and put the plan together. That brainstorm – the importation of mopeds from Europe to the United States, with the plan of establishing rental operations at select resorts – became the subject of his class project.

He got an “A” and then he decided to go for it in the real world during the summer break.

In May 1977, he rented a dirt lot in downtown Nantucket Island, bought a folding table and cash box from the local thrift shop for 50 cents, unloaded his 15 new mopeds and started his first official business. He quickly threw away the class business plan, since nothing they researched and forecasted had any resemblance to the “rough and tumble” world of real-life business ownership.

He learned many invaluable lessons that summer and after counting his pennies ($55,000 worth) at the summer’s end, he tendered back the three remaining years on his ROTC scholarship, wrote his professor to tell him that he’d been right about him, and set about on his expansion plans for world domination in the recreational rental industry.  And within a 20-year span, Burns created the largest recreational rental chain in the world, eventually opening up over 100 locations around the U.S. and Caribbean.

Thus, Peter J. Burns III officially launched into entrepreneurship on a full-time basis, and thirty years and 100 businesses later – from renting mopeds and exotic cars to e-mail marketing, cost segregation, dining cards, destination clubs, magazines and more – his parents were still wondering when he was going to get a real job.

ACADEMICS AND HONORS

This first business venture also opened doors for Burns in the realm of academia and formal education. Though Burns himself never graduated from college, he managed to return to the University of Virginia each of the next 10 years to lecture in that same professor’s class until he retired from academia. Along the way, at the age of 29, Burns was accepted to Harvard Business School’s Owners and Presidents Program, the youngest member in its history. That same year, he became one of the original members of the Young Entrepreneurs Organization (now called EO), a collection of independent business owners that could be considered the world’s 52nd-largest economy with $100 billion in annual sales among 6,500 entrepreneurs in 40 countries.

Burns eventually found himself in the “Wild West” and in the first 12 years, he had been involved with a dozen different enterprises – some good, some bad and some great. In that time, he had undertaken one of the greatest challenges in his career and entered into the world of entrepreneurial education. After a one-year pro bono stint at ASU’s Barrett Honors College teaching some “Entrepreneurship 101” courses, he decided to start the country’s first “pure blood” college of entrepreneurship. Grand Canyon University had stepped up to the plate. In January 2007, they began offering a combination of fantastic courses taught by “entrepreneur-teachers,” offering startup capital to select student businesses and granting the first-ever Bachelor of Entrepreneurship degree from the first-ever fully accredited College of Entrepreneurship in the country.

Along with the long list of accomplishments, Burns has been featured in scores of publications, radio interviews, and televisions including The Arizona Republic, CNN, Fox Business, Entrepreneur Magazine, the Phoenix Business Journal, The State Press, USA Today and The Wall Street Journal.

Honors and Recognitions

  • Phoenix Business Journal “Top 50 Power Brokers”
  • Arizona FBLA Business Person of the Year
  • “Power Players of Phoenix” – Phoenix Business Journal Honoree
  • “Top 100 U.S. Entrepreneurs Under 30” – Association of Collegiate Entrepreneurs (3 years)
  • Youngest Participant in History (29) – Harvard Business School’s Owners and Presidents Management Program
  • Nominated Arthur Young’s “Youngest Entrepreneur of the Year”
  • Going Glam: Learn what it really takes to start a glamorous business in college. (11/30/2007)
  • Institute for Entrepreneurship Engages Investment Banker to Raise $250 Million in Grants for Student-Initiated Business (3/14/07)
  • Institute for Entrepreneurship Celebrates First College of Entrepreneurship at Grand Canyon University (2/09/2007)
  • Grand plans: University proposing multimillion-dollar Lake Havasu expansion (2/01/2007)
  • Entrepreneurship college opens in Phoenix (1/29/07)
  • College of Entrepreneurship to Offer Scholarships to Low-Income Students Seeking to Start Their Own Business (01/16/2007)
  • New ASU class teaching student how to create their own 2 business (12/19/06)
  • Gen Y makes a mark and their imprint is entrepreneur- 3 ship (12/08/06)
  • Entrepreneurial students look to Grand Canyon University (11/30/2006)

Peter J. Burns, III Spearheading Education in Entrepreneurship:

  • B.S. in entrepreneurship is anything but (11/15/06)
  • Both entrepreneurial, managerial styles bring success (9/14/06)
  • University launches $1M entrepreneur fund (7/20/06) Programs teach entrepreneur-ism (7/9/06)
  • Letter from Mark Jacobs, Dean of Barrett Honors College (1/12/06)
  • Grand Canyon University (no date)
  • Grand Canyon University Launching First-Of-Its-Kind College Of Entrepreneurship (no date)
  • Undergraduate Entrepreneurship College Opens in Phoenix (no date)

VENTURES AND PROJECTS

As a serial entrepreneur, Peter J. Burns III specializes in the establishment and operation of niche market replicable business enterprises. To date, Peter has over 40 years of experience both nationally and internationally, with over 150 business ventures.  He consistently meets between 30-50 people a day, listening to concepts and products and solution pitches, so his reach is truly extensive.  He is an innovative businessman who creates and implements many new concepts from the ground up.  Below are just a few examples:

  • Started the first moped U.S. rental business, eventually expanded to 100 locations (Nantucket Moped 1977) 
  • First, one to integrate beach stores with rental business and created a large chain (Island Beach Company 1980) 
  • One of the founding members of the largest international network of entrepreneurs (YEO 1987)  
  • Created the first “Dolphin Tour” business using jet boats on guided tours through wild dolphin habitats (Water Tours 1995)  
  • Established the first franchised rental chain of bicycle, mopeds, Harley-Davidsons, exotic cars, water sports (Fun Rentals 1996)  
  • Created the first integrated media-rich commercial email marketing business (Cybertising  2000)  
  • Invented the “Insert-A-Zine” niche-publishing concept (NightLife Magazine! 2001)  
  • Started the first “open source entrepreneurship”  organization in U.S. (Club Entrepreneur 2006)  
  • Started the first independent accredited College of Entrepreneurship in U.S. (GCU CoE 2007)  
  • Created the template to open CoEs through the development of own curriculum and business process Patent Pending (IfE 2007)  
  • Pioneered the expanded market for Cost Segregation Studies, introducing a Patent Pending for unique applications (CSS 2008) Expanded to the massive commercialization of cost segregation (HL Cost Seg 2016) 
  • Established the first self-contained entrepreneurship center in U.S. (eFactory/Club E Office 2009)  
  • Co-founded the first financing organization for “Creatives” (singers, film producers, artists) (FundingWagon.com, 2013) 
  • Founded Ethiopian Capital Partners as a bi-lateral platform of commerce between the US and Ethiopia (Expatrepreneur.us 2013) 
  • Co-founded Luxury Travel Product Placement company that acquired empty time in luxury villas in exchange for luxury products and remarked to Closed User Groups at 40% less than the villa owner could rent out own villa. (HL Villas  2016) 
  • Co-founded Avia Travel Services by assembling a partnership with an expansive travel booking engine, joining it with an airline ticketing entity and creating a “one-stop-shop” for the corporate group and employee travel at significantly discounted rates. (Avia 2017) 
  • Commercial funding with Alternate Sources of Debt/Equity Capital formed. (Financing Debt & Equity, 2017) 
  • Co-founded Entrepreneur Credit Card a non-secured debt resource based on personal credit for entrepreneurs (Entcreditcard.com 2017) 
  • Founded Luxury Pet Transport Company (Pet Jets Travel, 2017) 
  • Founded Cannabis Business Banking Services Company (Cannabiz, 2017) 
  • Founded Credit Repair & Enhancement Business (Entcredit.com, 2018) 
  • Founded Cryptocurrency Mining Financing Company (Cryptechalchemy.com, 2018) 
  • Co-created Vietnamese-centric travel platform (Travel.VN 2018) 
  • Co-created applications of Corporate Barter/Trade for Travel Utility Coin (Hi-Tek.io 2018)

Top 8 qualities of a worthy businessman – Peter J. Burns III

Peter_Head_Shot_100kAs technologies and other factors have changed and increased a lot, the modern business has also changed and advanced in its own way. Each and every day, there are some changes and these changes are very fast and diverse. The 4th generation computers, statistical and mathematical tools are helping a lot and they are providing a massive flow of knowledge to the businessmen. As the world of business is changing, the marketer or the businessmen are also changing with respect to it. They are developing their basic skills so that they can effectively organize the business units. Peter J. Burns III is a top quality businessman and he knows the real secret of becoming a successful businessman. He has gained a lot in the field of business and from his own experience, he has given the following steps. Here are some important and effective qualities that every businessman should possess.

  1. Knowledge of Business- Before starting a business, a businessman should have a proper knowledge of how to improvise certain tasks. Peter J. Burns III has the right weapon to deal with it. He has got certain knowledge which no other businessman can offer. The initial knowledge includes knowledge of marketing, finance, income tax laws, trade, etc.
  2. Ability to organize and plan- Want to shine in your business? You must have the quality to organize and plan your business. Without proper planning and organizing, your business will not last long.
  3. Foresight- Peter J. Burns III has the proper foresight whether or not his business will gain the profit. It is a very essential factor. You must learn from your past experience and apply the same in the present situation so that you can earn maximum profit in the future.
  4. Ethical standard- Proper standard should be maintained to have a secure future. Peter J. Burns III maintains high-quality services and he manufactures standard products, that’s why he is so much success in his field of work.
  5. Creativity and initiative- Always doing the same that everyone does is not the only key to achieving success. Peter J. Burns 3 has done several miracles which no one has expected ever to see. He simply changed the theory of business with his high creativity and unique decisions. This is another quality every businessman should have.
  6. Courageous and steadfast- Ups and downs are the two faces of a business. According to Peter J. Burns 3, a good businessman should have the ability to overcome the situation and again start from level zero. He must not fall back by the loss that he has faced in his business.
  7. Adapt to certain situations- Like the business, the world is also changing and the need of the customers is too changing. Peter J. Burns 3 says that, to face the current situation, you must have the right quality to adapt it, otherwise it is a very difficult job to deal with the current situation.
  8. Industrious- Peter J. Burns III is a hard working and tough man. Everyone must work harder to achieve higher rewards. Avoiding hard work means demolishing your own dreams. So, be a true hard worker and try to increase its limits.