- Quickly consumed, memorable and powerful
- Linked to the source for much-deeper information
- The editing and summaries show understanding and thought leadership
- Commercial Real Estate, Business Consulting, and Thought and Executive Leadership
- We share on: LinkedIn (company), LinkedIn (personal), Twitter (automatically from LinkedIn), Google+, Facebook (company), and often Facebook (personal), then highlighted on this (weekly), as a (weekly) and our (semi-monthly)
- A full list of these “Updates” is at
Of those shared, the savvy ones Like or Comment on these "Golden Nuggets" as additional exposure, as well as serve the community and remind their followers of their wisdom.
Commercial Real Estate (CRE), Technology and AI
- "Autonomous vehicles, blockchain or drones could remake CRE, but widespread adoption is years off. However, RPA is already having an impact, automating record maintenance, web-page scraping, etc, making worker's jobs easier to perform. Will it replace workers?" (edited)
Commercial Real Estate (CRE) and Business
- "Proper RECORD KEEPING, is too-often lacking among busy entrepreneurs, It's critical to maintain detailed professional financial records and annual fiscal statements, or you'll turn off a lender and shows poor managerial skills." (Edited - from last week)
- "YOUR PLAN: Be fully prepared with a current business plan, showing past performance of your company, exactly how you will be spending the amount loaned, the competitive advantages, projected results and your capability to service the debt."
- "TIMING. Borrowing when your business is weak or heading into a crisis may cost more [if still possible]. Anticipate and plan for all your cash flow or project requirements, and seek financing [well] before you start to feel the pinch." (Edited)
- "RIGHT AMOUNT. Care is needed in taking on debt, but underestimating the full costs of an expansion or project and borrowing too little can result in a serious cash flow issue when later facing unexpected expenses. Ensure your forecasts include all scenarios and contingencies for unforeseen expenses."
- "BEYOND INTEREST RATE. The loan size, term, repayment flexibility and collateral requirements can be more important than the interest rate. Examine and weigh all of the loan terms carefully," for optimum life-cycle cost. (edited)
- "INVEST in YOUR BUSINESS. Paying the loan back quickly is not always a good goal - better spent growing your business. If the return on investment in your business earns more than the interest saved by paying down the loan faster, then consider slowing down your rate of repayment to the minimum." (edited)"
edited - extending beyond family offices - Lnkd.in/eCnpw44):
- "HEALTH MGT. You don’t even need to be seriously ill to see that your health, and the health of your loved ones, must always be your number one priority.
- "TIME MGT. There are different time frames to achieve our various goals, but there's only 24 hours in the present day. The present is all that is real - use it wisely."
- "RELATIONSHIP MGT. There is no doubt that relationships are essential to our well being and happiness, so make relationship management a key focus. (edited)
- "FINANCIAL MGT. Though money should not be your #1 priority, your financial capital will definitely have a significant impact on your life journey. Money management does not lie - how a person spends his or her money will always reflect what is important to them in their heart." (edited)
- "STRUCTURAL MGT. A dream is just a dream unless you do something to make it happen, whether it is people, process, products, legal structures, accounting and tax planning, finances or sales." (edited)
- "EXPERIENTIAL MGT. Your life is at the very core of REAL wealth management. Experiencing your bucket list must be one of the top priorities in your life. Everyone has different talents and aspirations in life so real wealth management must be allocated fairly, not necessarily equally." (edited)
- See article for Final Priority
- ENJOY LEARNING. "It's an investment!. As long as you're learning something new, there's a good reason to enjoy it, apply it to something you do enjoy working on (even if it’s a hobby or a passion project), and further your career. –Scott Weiner, Founder, ClosingBell
(want a 'Yes!' and Buyers available for those with ALL 'Yes's - Lnkd.in/dkEE_SF):
- Continued from August 24 post
- "Does it respond to changes in consumer/business behaviour?" Many businesses will excel because they anticipate, or very quickly see, market changes, then respond clearly and decisively with strong marketing; most will not and suffer.
- "Is the value of the innovation easy to understand (even if technically complex)?"
- "Will its development inspire people to talk about it?"
- "Is it genuinely new, and not just a new costume for old products and practice?
- "Are you getting people calling you up to see how they can get in on the project?"
- "Are you SO EXCITED about your innovation that you want to spend all your spare time thinking about it?"
- "VOTE PRIVATELY. Using written ballots encourages independence, allowing freedom to 'speak their mind.' Writing down a preliminary opinion before a meeting can help, making it harder to stray from one’s convictions, and increases the chance that diverse viewpoints will be heard." (edited)
- "DESIGNATED DISSENTER. Another way to avoid groupthink is to encourage dissent. Appoint someone - for that meeting - to be a dissenting voice, providing counterpoints to arguments being raised, bringing up contradictory evidence and others to speak up and raise their own concerns." (edited)
- "Force ISSUES into the OPEN. Discover and then force issues into the hands of people responsible for resolution," for accountability, delegation and collaboration. (edited)
- "TRACK AND REPORT Key Performance Indicators (KPIs). Milestones, number of open issues, percent-complete, bugs, project expense." Online database, even a GoogleDoc Sheet, allows contribution and viewing by the entire team.
- "CREATE AND DRIVE REALISTIC schedules and project plans. A plan is not a plan without all key participants understanding their tasks and responsibilities, without dependencies, without risks and issues highlighted and managed," AND making timely contributions to the internal communications system. (edited)
- "KEEP EVERYONE INFORMED without over-communicating. Too many meetings and emails can really kill the energy and bring everything to a crawl. Too little, and you are operating in the dark. If the project managers are empowered and are on top of things, there will be no over-communication." (edited)
Much more from earlier at LinkedIn.ProsperSystems.biz
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