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Commercial Real Estate Mentors By Craig Higdon Coaching You to the Next Level I want to take a bit of a side-trip from my usual hard-hitting commercial mortgage loan and investment property advice. I had the opportunity to spend a few days at the Pacific Life Open tennis tournament in Indian Wells, California last week while on vacation and noticed a minor, but significant change in the rules. The change was minor in that the players were allowed to ask for a time out to spend time with their coaches between sets. It was significant because the opportunity to speak with their coaches helped several players turn their games around. For those of you not familiar with the rules of the Association of Tennis Professionals (ATP) coaching during a match was, until recently, against the rules. In fact, a player could be penalized points during a match if the umpire felt that he or she was getting verbal or non-verbal coaching tips during a match. I point out this concept of “coaching” because it has implications in commercial real estate investing. Have you ever stopped to consider why the best sports figures and Fortune 500 CEOs hire coaches? On the surface it doesn’t make sense. These people are the best in the world at what they do, so who is realistically going to be able to help them get even better? Well, as I’m sure you already know, the reason that they are the best is because they have coaches. Coaches provide several things for those at the top of their profession and those seeking to improve their performance: 1.An external, unemotional perspective to help the one coached see things that they can’t perceive about their performance. 2.Information on new aspects of the profession or related professions to help increase performance. 3.Networks of other professionals who can help in areas where the performer is weak. 4.Experience from their past challenges, helping the one coached move ahead faster. So what does this have to do with commercial real estate? Whether you’re just starting out or are a seasoned development professional, I can guarantee that you’ll get
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A call to the massesBrian Richardson is using mobile phone technology to offer banking services to those left behind by traditional lendersWords of advice for hard timesBen Goss's software company is helping financial institutions to dispense guidance A taste for travel and piranha saladFaced with exotic food and lack of exercise, resourceful travellers can still keep healthyThe right message for troubled timesManagers face the task of communicating some difficult decisions to an apprehensive workforce as the slowdown bitesMake a clean desk of it in 2009Treat the cause rather than the symptoms if you want a tidier office this yearPfizer chief's cureIn spite of restructuring, Jeff Kindler, boss of the world's largest pharmaceuticals company, does not rule out future acquisitionsThe value of office gossipThe rumour mill does not have to be a destructive. Constructively harnessed, it can help manage worker expectations and even act as method of testing out new ideasGadgets for world-beatersFinancial Times writers asked busy business travellers about which devices they use to keep in touch around the globeFrom geek to online guruA dyslexic web designer, a call-centre operative and a single mother all had their fortunes changed thanks to their use of social networking websites Prisons specialist steps out A software provider to the Belfast security industry has been unlocking its potential after years of shunning publicity Turbulent times ? patent opportunitiesOcean Tomo's success highlights the complex market for innovation functioning under the constraints of the credit crisisIndia has drama in store
Shoppers in the subcontinent favour the colour and theatre of the bazaar over more minimalist western store designs, writes Amy YeeDeparting words of wisdomThe ideal farewell speech should be a subtle balance of humour, memories, reassurance and gratitudeSalvation from innovationThe septuagenarian president of Casio says that a surge in new products will see the company through any recessionBrewers need clear heads after awardsThere is little time for celebration when sudden fame brings the placing of huge orders
better if you enlist a commercial coach or coaches to help you grow. So where can you find a commercial real estate investment coach? Let me note that we will soon release coaching programs for investors and loan agents who want to break into and excel in the commercial side of the business (email us here for more information: Coaching@InvestmentPropertyInsider.com). However, until those coaching programs are up and running, here are some suggestions on finding and using a coach to help you get better at investing faster: 1.Consider a retired commercial developer, investor, or real estate agent. You could check with a local commercial real estate office to ask if anyone is retiring soon or has recently left the business. Approach them with the concept of becoming an apprentice and giving them a piece of your profits. They might just enjoy passing on their wealth of experience. 2.Check with a local S.C.O.R.E. office to see if there is anyone who has experience in the commercial real estate investing or development businesses. S.C.O.R.E. is a non-profit business resource group and can be found at www.SCORE.org. 3.Do you know anyone in the business that is already successful? Approach them with the idea of becoming an apprentice, but be very mindful of their time when you do. Again, consider offering them some of your profits as compensation. 4.Consider a personal or business coach for hire. There are a lot of people in this business and some of them are very good. I’d caution you to be very careful whom you hire, however. You’re looking for a specialized type of coaching here, more than the generalized life coaching that a lot of these people offer. I would suggest a few other points in selecting a commercial real estate coach: 1.Make sure that they have actual experience in commercial real estate investment, sales, or lending. 2.Hopefully they will provide you with access to experts in related fields to help you understand all aspects of the business. 3.They should allow you to access other investors so that you can network, share resources, and benefit from each other’s experience. 4.They should provide an archive of useful information, resources, and tools for your benefit, accessible at any time you need. As I mentioned, having a coach handy helped several players turn their matches around to advance to the next level at the Pacific Life Open. You should strongly consider your own coach to help you get to the next level in your commercial real estate game, too. WANT TO USE THIS ARTICLE IN YOUR E-ZINE OR WEB SITE? You can, as long as you include this complete statement with it: ‘ “The Investment Property Insider” is published by Craig S. Higdon, a veteran commercial mortgage broker. He publishes the weekly e-zine and blog, www.InvestmentPropertyInsider.com, for commercial real estate investors, developers, and industry professionals. Visit the blog and get this free report: “The 7 Biggest Loan Mistakes Real Estate Investors Make And How To Avoid Them.”
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The right message for troubled times Managers face the task of communicating some difficult decisions to an apprehensive workforce as the slowdown bites Give me your attention Everyone is wrestling with the problem of winning mindshare to support the growth of market share, writes Stefan Stern
Pfizer chief's cure In spite of restructuring, Jeff Kindler, boss of the world's largest pharmaceuticals company, does not rule out future acquisitions The value of office gossip The rumour mill does not have to be a destructive. Constructively harnessed, it can help manage worker expectations and even act as method of testing out new ideas Grim Reaper stalks corporate corridors Entrepreneurs take more career risks than most, so it might be expected that the incidence of suicide would be higher than average, writes Luke Johnson
Turbulent times ? patent opportunities Ocean Tomo's success highlights the complex market for innovation functioning under the constraints of the credit crisis Prisons specialist steps out A software provider to the Belfast security industry has been unlocking its potential after years of shunning publicity India has drama in store
Shoppers in the subcontinent favour the colour and theatre of the bazaar over more minimalist western store designs, writes Amy Yee Wave goodbye to complacency It is not too late to learn important lessons from 2008. Here are five thoughts to bear in mind in 2009, writes Stefan Stern
Departing words of wisdom The ideal farewell speech should be a subtle balance of humour, memories, reassurance and gratitude Salvation from innovation The septuagenarian president of Casio says that a surge in new products will see the company through any recession Private equity must prove its value Unless things are done differently, the backers will disappear, the money will dry up and credibility for the profession will be destroyed, writes Luke Johnson
Carmakers set out to regain reputation After a beating on Capitol Hill, the US manufacturers want to prove critics wrong about their cars When managers say suit yourself Some companies are profiting by allowing teams to formulate their own flexible and efficient working arrangements The secret to survival in 2009 The seemingly dreary business of car hire holds valuable lessons on customer service, writes Stefan Stern
Online University Design
An online university is a web site that provides a complete "one-stop shop" for all your employees' training
needs. By logging into an online university, your employees obtain information about newly released training
programs, guidance on the programs that are appropriate for them, registration services for both online and
classroom courses, and immediate access to their training records.
Online universities are not the exclusive province of large corporations. Small and midsize firms that do not
have their own private networks can provide online university services to their employees using an ASP
(Application Solution Provider) model. Many of the key features of online universities are now offered by a
national and international suppliers on an outsourced basis.
How to Teach Adult Learners
Many aspects of teaching adults are fundamentally different than those employed in teaching children.
Andragogy is a word popularized at the end of the twentieth century to describe the difference. This article
by D. Verne Morland, managing partner of ROI Learning Services, highlights the important principles in
teaching adults and suggests how they can be applied to business training.
How to Write Instructional Articles
Instructional articles are very different from articles in reference manuals, product brochures, or even
professional literature. This article by Herbert L. Bivens, chief learning officer of ROI Learning Services,
defines instructional articles and describes how to write them.
Put Earn in Your Learning
Many companies view training as a component of their employee benefits package - an expense to be controlled,
not an investment to be maximized. This attitude is dangerously outdated. Survival in today's global economy
requires continuous, cost-effective, world-class training. This article by D. Verne Morland, managing partner
of ROI Learning Services, explains how to identify the "earn" in learning and measure the results
as you would with any other business investment.
Online and Blended Course Development
Online courses are self-contained, independent-study programs delivered via the worldwide web. They may be
relatively simple and short, delivering a little knowledge when and where it is needed. Or they may be
sophisticated, multimedia learning experiences that engage students for many hours over several sittings.
Online courses are primarily useful for conveying new information; they are less effective in conveying and
rehearsing new skills and in motivating students to apply their new knowledge.
Blended courses use a combination or blend of instructional methods and delivery technologies to convey
information, skills, and motivation to students. Blended courses offer almost all of the same instructional
methods and benefits as classroom courses, but with the distinct benefit of being delivered virtually.
ROI Learning Services has the expertise to identify which type of course is best for your company's
learning needs and we can deliver high quality programs that will have a measurable impact on your
business results.
Designing Online Courses for Adult Learners
At most schools of education aspiring teachers are taught the elements of pedagogy – the art and science
of teaching children. Many aspects of teaching adults are fundamentally different than those employed in
teaching children and for this reason a new word gained currency in the late 20th century – andragogy. This
article highlights the important principles in teaching adults and suggests teaching strategies to support
these principles in online courses for higher education and corporate learning programs.
ROI Learning Scorecard [tm]
The ROI Learning Scorecard [tm] is based on the Balanced Scorecard concept created in 1992 by Dr. Robert S.
Kaplan and Dr. David P. Norton. Having a balanced scorecard requires you to plan, manage, and measure your
organization from four perspectives: 1) The Learning and Growth Perspective, 2) The Business Process
Perspective, 3) The Customer Perspective, and 4) The Financial Perspective. This philosophy is consistent
with ROI Learning's holistic approach to training and organization development. By using our ROI
Learning Scorecard your company will focus on and invest in the right programs to build and nurture a
continuous learning organization.
Education Consulting
Survival in today's global economy requires world-class performance. World-class performance requires continuous,
cost-effective, world-class learning. The consulting and course development services provided by ROI Learning
enable businesses in all industries to achieve world-class learning results while maximize the return on their
learning investments.
How to Save Money on Training
Significant cost savings can be achieved by using technology to deliver training outside the traditional
classroom. This article illustrates the component costs of a hypothetical two-day classroom course delivered
to 20 students ten times a year and explains the significant reduction in training costs that can be achieved
by using a "blended" delivery approach.
How to Use Training to Improve Your Business Results
Training your employees is an investment in your business and like any smart investment it should have a
good rate of return. Although training is not the solution to every problem, where it fits it can improve
your sales and sales productivity; it can lower your costs and improve your gross margin; and it can bring
expenses into line and increase your profitability. This article explains that by investing in the right
programs managers will clearly see the business results and will, at the same time, be creating a highly
competitive, continuous learning organization.
List of Services
ROI Learning is a full-service consulting and development firm for technology-enhanced training. We have
the experience to help you accomplish all of your training objectives. We can help you: analyze your
training needs, start a training program, reduce your training costs, increase your training effectiveness,
reach new audiences cost-effectively, develop and deliver online training programs, and measure the impact
of training on your business. We can also take a more holistic approach and help you with your education
strategy, tactics, programs, and success measures.
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