Choosing the right metrics to look at in your business can be done by following five simple rules: Actionable – The metric looks at something that can be improved over time. Explainable – The people measuring it should be able to quickly explain why it is being measured. Independent – There should not be more…
CRE Best Practices
It’s always a good day when a new first occurs. This week I had my first published article (as a co-author) in CoreNet’s The Leader publication titled “Corporate Real Estate Best Practices: A Methodology to Effectively Benchmark Performance”. Go check it out and hopefully enjoy! Be sure to read/subscribe to the entire publication, CoreNet is…
Moneyball
The Oakland A’s in the 1990s reinvented how to scout baseball players. In the world they previously occupied the only way to win had been to spend lots of money on brand name players and amass more power than other teams. It was a dollars and cents approach that small market teams could not compete…
Corporate (R)Evolution
The working world is changing rapidly. The rise of consumer technology, sustainable thinking by the general population, increased telecommuting and the decline of the traditional 9 to 5 workday are all leading toward a tipping point for the way businesses need to run their business. Traditional real estate services firms aren’t setup to move companies…
Minor Accomplishments
I started writing on this blog again on August 3rd. It’s been a solid month and a half with what I would call solid short term success. My goals have been to have a post a day Monday through Friday, try and find a writing style and voice to match my message, and to provoke…
Top Line
It can be difficult to elevate the real estate conversation revenue for facilities that do not directly interact with customers. How exactly does the location of the executive group impact revenue? (Almost) no company has real estate for the sake of having real estate. Facilities support business groups which carry out business processes. Those business…
The Right Metric
Selecting the right metric for looking at your portfolio makes a big difference in your ability to identify good and bad performance. Let’s start with the assumption that obtaining good data isn’t an issue – yes, I know, this is never the case but it gives us a starting point. The similar metrics Square Feet…
In the Long Run
In economics the current prevailing theory ends with in the long run we’re all dead. No truer statement has ever been said. The draw back of this way of thinking is that it focuses on the individual and not the collective. I’m not intending this to be an economic argument or discussion. But a way…
Collaboration and Deadlines
It’s interesting how difficult it can be to collaborate with a looming deadline. An upcoming deadline usually causes a person to realize they must do something quickly which leads them to cut out possible points of delay – other people. The impact that outside eyes and thoughts can have is tremendous. Sometimes it is the…
Thoughts from the Air
They say real estate is all about location, location, location. Flying back and forth from Georgia to New York to California to Texas seems to prove the point regularly. Somehow no matter how small the world seems to become with technology it still never gets to the point where non-locals overcome the out of town…