My father is fond of a quote that he attributed to Henry Ford: “Don't make excuses. Your friends don't need them and your enemies don't care.” While I'm not sure Henry Ford ever actually said that, I like the quote. My other favorite quote about excuses was proffered by the girl's soccer coach at my … Continue reading Excuses are like…
One of my pet peeves is a lack of communication from vendors and counter-parties. If I'm providing monetary compensation for a product or service, I want to know that my interests are being addressed. I have countless examples of people deciding that the best policy is total radio silence unless there is good news to … Continue reading Overcommunication?
I'm reading a biography of Warren Buffett and there are two things that jump out at me about Buffett, aside from his prodigious intellect, of course. One is how hard he works at cultivating relationships. He actively identifies people he wants to befriend and then works hard to bring them into his orbit. There are … Continue reading Success and a singular focus
Construction schedules and timing for occupancy has been an issue that we've seen arise quite a bit in the past few months. As our clients are growing and taking more space, we are encouraging them to understand timelines for building out their space and moving their operation. It's tempting to assume that everything will happen quickly … Continue reading Managing the construction schedule
“He just doesn’t have enough experience to draw upon. He’s never been in a moment like this before.” That was the quote from one of the analysts talking about Rory McIlroy’s collapse during the final round of the 2011 Masters. They were talking about how in his first big spot in a major championship, there … Continue reading Experience is something you get right after you need it.
I saw a study from Rutgers Business School called the “Dry Cleaner Index” which correlates dry cleaning receipts to New Jersey economic trends. The idea is that an increase in dry cleaning receipts indicates an uptick in hiring and an expanding state economy. Their data shows a macroeconomic expansion for the state. This should also … Continue reading What does dry cleaning have to do with vacancy rates?
I had a long conversation with an old fried the other night about the perceived lack of commitment among the new generation of employees. I talked about how they didn't seem to have the same work ethic that I had felt was necessary when I was starting my career in my mid-20s. He challenged me, … Continue reading Thoughts on mentoring
When considering a renewal, relocation, or other facility decision, too many people only look at their real estate costs simply from the perspective of rent per square foot multiplied by square feet leased. While this provides an accurate picture of your rent payment, it excludes other obligations and doesn't come close to establishing your total cost … Continue reading Total Cost of Occupancy
I remember reading somewhere that John Wooden never specifically prepared to face an opponent, instead focusing on the fundamentals of his team. While I certainly can’t argue with John Wooden’s results, sometimes it’s worth considering what the competition is doing in order to ensure that you’re not falling behind. I was speaking with a client … Continue reading What is your competition doing?
One of the first lessons I learned when I started in the corporate world was to never approach my boss with a problem that wasn't also immediate followed with an idea for a solution. He taught me that screw ups, obstacles, and changing circumstances happen, but just walking in without a solution was not an … Continue reading What do you mean, “you have no idea?”