Golden-Nugget Shares - Business, CRE, Tech and AI - Sept 17-21

Also publish on LinkedIn Articles and our GoogleGroup InfoPortal

REMINDER:  We do ANALYSIS of Real Estate LEASEES, PROPERTIES, BUSINESSES and STARTUPS

We use a powerful method of sharing - post “Golden Nuggets of Information” on Social Media multiple times daily or in regular emails (every 5-15 days).  We’ve been sharing the essence of articles and a few powerful comments regularly.*  

BUSINESS and COMMERCIAL REAL ESTATE GOLDEN NUGGETS - SEPTEMBER 17-21

Commercial Real Estate (CRE), Technology and AI

Congrats Michael Beckerman of CREtech: CRE TECH CONFERENCE a GREAT SUCCESS - The 2nd of 5 events - now in 3rd year, LA had 300+ attendees with superior speakers on the "bleeding edge" of Tech in CRE: Brendan Wallace, Pierce R. Neinken, Jake Edens, Christopher Rising, Jesse Franklin, Brad Greiwe, Patrick McGrath, K.C. Cleary, and Natalie Bruss. Next - Chicago, Austin, NYC and MORE #AI I'm sure. (summarized) #CREtech Lnkd.in/esnKip3

Steve Kapp, SIOR: TAKEAWAY from CREtech conference, Los Angeles (#CRE #CREtech #AI - Lnkd.in/eZY7X-E):

• Fifth Wall is the leading CRE Tech venture capital firm, whose first fund invested in VTS, Open Door, Clutter and Industrious. Fund I investments now generate over $100MM in revenue. They are now on to Fund II. Keep an eye on them and who they invest in. Very smart team." (edited)

• USER EXPERIENCE.  "The experience you feel in a commercial building is what really matters, and where smart owners are putting considerable effort and money. Like retailers have for many years, now office and even industrial owners realize that this is now a must if they want to attract and retain quality tenants."  (edited)

• "The DISTINCTION between retail, office, hotel, and industrial categories of real estate are blurring and merging. The tenant wants to have all these options nearby (or all in one place) and accessible in this 24/7 world." 

• "5G CONNECTIVITY is coming, and every building owner needs to embrace and get in front of it,or be left behind like the horse and buggy." 

• "ALL ARE TECH COMPANIES, so every business must have a strategy to embrace and implement technology throughout its business, or it will fail. [ANSWER THESE:]  What are the implications? What technologies should law firms, brokerage firms, manufacturing firms, etc. be fostering and embracing?"

Coldwell Banker Commercial:  AUGMENTED REALITY and ARTIFICIAL INTELLIGENCE (#AR and #AI - #CRE #CREtech, Lnkd.in/ej_Ean5): 

• "May still be far from standard in CRE, but high-end firms have already been AR and AI. Rapid change will leave some CRE pros behind and pushing others to the forefront. [Next: '5 Ways AR and AI are Changing CRE by Sector']" (edited) 

• "RETAIL. AR/AI is affecting the way retail sells products. Some stores are trimming down to the nuts and bolts and just using AR to sell clothes, furniture, cars, and appliances. RETAIL CRE will need to be equipped for these technologies, and opens up the range of suitable assets for retailers looking to save on inventory costs and physical product warehousing." (edited) 

• More next week

Commercial Real Estate (CRE) and Business

Kenton Johnson Comments:

• Scott Lynn:   RETAIL APOCALYPSE HYPE.  "Retail Continues to Rock, but enders and investors are digging into better ways to mitigate risk."  Innovative, experiential and superior customer service retailers will continue the thrive.  Carefully analyzing retail tenants will keep landlords profitable.  (edited)  Real Estate Investment Group 

• Mark Ainley:  How to MANAGE TENANTS: "Managing tenants needs consistency and set expectations."  "Succinct and informative article! Sounds much like parenting: Consistency, Communications, Manage Expectations, Screening and Convenience" (edited)  Real Estate Investment Group

• Scott Lynn:  CAP RATES Not Responding to INTEREST RATE INCREASES.  "The only real question being debated is how many additional rate increases the Fed will execute in the next 6 months - one more, two?"  Cap Rates have proven to move for various reasons, with capital costs being only ONE part of the equation. Growth in the economy and the prospect for rent growth also factor into resultant Cap Rates. (edited) Real Estate Investment Group

• Azeez Olawale-Arish Yusuff:   "Follow me for JOB OPPORTUNITIES across the globe." Good reaching out and collaborating.  We connected many years ago.  Followers - Connect or Follow Azeez for MANY possibilities! (edited) Link 

Michael Beckerman: TRUE CRE-TECH INFLUENCERS (#CRE - Lnkd.in/egWEQNN):

• ACCESSIBILITY.  "THE BEST people respond to [LinkedIn-Invite] call and email [professional collaboration requests and follow-ups]." Top-34 List (Summarized from 8/24)

• HAVE A FOLLOWING. "If someone has worked hard to build a following on social media in the business world, I am impressed! In my experience, connecting with real estate professionals on social media is not easy. If someone has others following them, that’s really impressive to me." (edited)

• HELP YOU WITHOUT ASKING FOR ANYTHING. "The ones who just want to help without looking for something in return have the most power. They genuinely believe in win-win!" (edited)

• "They DO WHAT THEY PROMISE. How often do you speak to someone, agree to some kind of action like an intro or some feedback, then never hear back (or it takes a million follow ups)? Influencers believe in standing by their word!" (edited)

• "Others LISTEN TO / RESPECT THEM. They have credibility in what they say and how they say it, and have worked hard to earn peoples' respect." (edited)

Dave Kerpen: SECRETS to loving the WORK YOU'RE WITH (continuing Lnkd.in/eKVEAF8):

• "OUTSOURCE IT. Do the work you love and outsource the rest to people who are better than you. If you love designing websites but have to organize data in spreadsheets, hire a data analyst online to do a better job than you could have. –Jared Brown, Co-Founder, Hubstaff [free]" (edited)

• "The more you begin with the FINAL OUTCOME in mind, the more you realize these tasks are just stepping stones. In most big projects, some tasks no one wants to do - being able to envision the outcome of the project helps you turn those tasks into progress. –Shawn Schulze, Co-Founder, SeniorCare.com" (edited)

• "Setting SMALL INCREMENTAL GOALS can make any tedious task become less of a chore. Incentivize yourself through identifying mini milestones and only getting a coffee or grabbing a snack after completing a certain amount of work. You will find that time passes a lot faster, and the task will feel less monotonous. –Luigi Wewege, President and CEO, Vivier Group" (edited)

Much more from earlier at LinkedIn.ProsperSystems.biz

PROSPER SYSTEMS, LLC (.biz) • Kenton H Johnson (.com), Founding Member

LinkedIn • LinkedIn Company Page • Google+ • Twitter • Facebook • Facebook Company Page • USA 302KentonJ (GoogleVoice 302-536-8665 to mobile and Hangouts)

BRIEF • GROUP • Buying and Selling Interests • Subscription Consulting • Referral Income

NOTE:  We do ANALYSIS of Real Estate LEASEES, PROPERTIES, BUSINESSES and STARTUPS

_______
*GOLDEN NUGGETS OF INFORMATION are: 

• Quickly consumed, memorable and powerful
• Linked to the source for much-deeper information
• The editing and summaries show understanding and thought leadership
• Mainly share content from professionals in 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 sometimes Facebook (personal), then highlighted on this Blog (weekly), The News Funnel (weekly), as a LinkedIn article (weekly) and our GoogleGroup InfoPortal (weekly/semi-monthly)
• A full list of these “Updates” is at LinkedIn.ProsperSystems.biz.

Of those who we've 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. 

Golden-Nugget Shares - Business, CRE, Tech and AI - Sept 10-14

Also publish on LinkedIn Articles and our GoogleGroup InfoPortal

REMINDER:  We do ANALYSIS of Real Estate LEASEES, PROPERTIES, BUSINESSES

GOLDEN NUGGETS OF INFORMATION

Last week we introduced a powerful method of marketing - post “Golden Nuggets of Information” on Social Media multiple times daily or in regular emails (every 5-15 days).  We’ve been sharing the essence of articles and a few powerful comments regularly on social media.  They are: 

• Quickly consumed, memorable and powerful

• Linked to the source for much-deeper information

• The editing and summaries show understanding and thought leadership

• Mainly share content from professionals in 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 Blog (weekly), as a LinkedIn article (weekly) and our Group Announcement Portal (semi-monthly)

• A full list of these “Updates” is at LinkedIn.ProsperSystems.biz.

Of those who we've 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.

BUSINESS AND COMMERCIAL REAL ESTATE GOLDEN NUGGETS - SEPTEMBER 4-14


Commercial Real Estate (CRE), Technology and AI

CREtech: 8 TECH TOOLS FOR REAL ESTATE COLLABORATION - Workframe, Dealpath, Trello, ClientLook, MREN, Samepage, Box, dotloop. "Working around the world with distributed teams requires winning collaboration tools for outstanding client service. These 8 tech platforms have friendly user interfaces and simplified information. Some are purpose-built for the commercial real estate industry while platforms are flexible enough to fit unique needs." (edited) Lnkd.in/ebDGAbT

GlobeSt.com: CRE ROBOTIC PROCESS AUTOMATION (RPA - Lnkd.in/ehwdgrb):

• "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) 

• ELIMINATE JOBS? Or create new, higher-paying jobs? "Forrester Research predicts by 2021, RPA will be doing the equivalent work of nearly 4.3 million humans worldwide, and automation programs underway at State Auto Insurance Co's in Columbus OH, doing the work of a dozen FTEs. 'This isn’t about some far future of work - change is already happening, and accelerating,' PwC said in its 2017 'Workforce of the Future' [the meaning of 'talent' is changing - download Lnkd.in/eFiSZJS]." (edited)

• HOW SHOULD OFFICE CRE PREPARE? Changes are obvious right now: low-level jobs will be affected, but could eventually affect mid-level jobs. 'So far, new technologies have CREATED more jobs over the last century than they have eliminated, and in the last 15 years new job categories were created, which should continue, and support wider employment and adjacent jobs. CRE professionals should focus on flexibility and efficiencies, [as well as re-training].'" (edited)

Michael Beckerman is an expert on Tech in Commercial Real Estate (CRE), and recommends this Sep 27, 1pm ET, FREE, NON-SALES webinar, "Future of Real Estate and Technology: Trend Analysis from MIT's Center for Real Estate - Changing urban dynamics coupled with advancements in technology will lead to a reshaping of the way business is done in the real estate industry. What can you do to prepare for rapidly changing technology? How can real estate professionals win today and still be prepared for tomorrow?" (edited) Lnkd.in/ezZpW8h 

Commercial Real Estate (CRE) and Business

Stephanie Vozza: PHRASES KILLING INNOVATION (cont'd) - WHEN I WORKED FOR... "Innovation is about the unknown, and trying to compare it to a past experience will constrict the conversation, versus establish expertise. It’s possible that company isn’t even doing it that way any more." (edited)  Lnkd.in/eCzFu9F

Frank Kusmer: GROWTH DEBT CAPITAL-RAISING TIPS (Lnkd.in/emKvz7f):

• "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)" 

Enzo Calamo: REAL WEALTH MANAGEMENT (such as your CRE (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

Dave Kerpen: SECRETS to loving the WORK YOU'RE WITH (continuing Lnkd.in/eKVEAF8):

• 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

• "DISTRACT YOURSELF. When a dreaded task is looming, don't procrastinate or slog through the work. Listen to a favorite podcast or playlist, or break every 20 minutes Pomodoro-style and watch a five-minute video on YouTube to refresh. –Blair Thomas, Co-founder, eMerchantBroker.com LLC" 

• "THINK BENEFITS. Do for a purpose. Think what's accomplished by completing the task - helps my perspective and attitude: more revenue, happier employees, a satisfied client or being more organized. –Angela Harles, Managing Director/ Co-Founder, AcrobatAnt" (edited) 

• More next week 

Anthony J James: PREVENT BORING INNOVATION with the BUILD/BURY IT TEST (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?" 

Jonah Berger: TIPS 4 BETTER GROUP DECISIONS (Lnkd.in/eCHF4Kw):

• "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) 

Oleg Vishnepolsky: Effective PROJECT MANAGEMENT KEYS (continuing Lnkd.in/ezQ5QsF):

• "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

PROSPER SYSTEMS, LLC (.biz) • Kenton H Johnson (.com), Founding Member

LinkedIn • LinkedIn Company Page • Google+ • Twitter • Facebook • Facebook Company Page • USA 302KentonJ (GoogleVoice 302-536-8665 to mobile and Hangouts)

BRIEF • GROUP • Buying and Selling Interests • Subscription Consulting • Referral Income

NOTE:  We do ANALYSIS of Real Estate LEASEES, PROPERTIES, BUSINESSES and STARTUPS