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June 16, 2010 
Volume 12 - Number 24
Streamlining the Business of Commercial Real Estate
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In This Issue
E-Books and Things
Sales/Marketing Tip
Hot Deals/Leads
Past Newsletters
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TOP OF THE WEEK TO YOU!
(by realwired! CEO, Brenda Dohring Hicks)BDH Photo
 
Top of the Week to You! is designed to offer the inside scoop and latest of what's important in the world of technology as it relates to the commercial real estate industry.
E-Books and Things
Are you using an e-book yet?  A local school near here just announced that they plan to buy Amazon's Kindle for all 2,100 students next year.  From a technology standpoint, I couldn't be more excited.  I really do think that it makes good sense and that we will see more of this to come.  Don't get me wrong, there are certainly issues at stake including the fact that most colleges and universities make a decent profit from textbook sales. And if they don't make those profits, it could cause class hours to cost more.  But stepping away from the issues of which device is going to be the most adopted one for education and what the cost will be, let's take a minute to think about how people learn.  There's so much more to learning than the type of device the information is presented on.

I was inspired by an e-mail newsletter that a friend of mine Doug VanDyke writes.  Check him out...I think you'll be as impressed as I am.  In a recent newsletter, Doug spoke to one of my most challenging topics...change.  Changing the way we do things in the workplace or anywhere else has to do with people doing something different, and that's always a challenge.  Doug's newsletter tied in so well with the press release about the local school going to e-books, and the type of change e-books is going to create among 2,100 students, that I wanted to share his article.  His article is an excerpt from his book Leadership Simplified which lays out the following statistics.

·    People retain approximately 10% of what they read
·    People retain approximately 20% of what they hear
·    People retain approximately 70% of what they experience

In talking with Doug, I learned that recent research also shows people retain only about 20% of what they read on a computer screen.  

The statistics above come from a visual model developed in 1946 by Edgar Dale called the "Cone of Experience " which was meant to provide a classification of varied types of learning experiences.  Even though the "Cone" has been misinterpreted, I think you'll agree the learning process as depicted seems to hold true; particularly so when adapting to new technologies.

The real key to what I'm trying to get across is that everything has to start with someone deciding to change.  And note that I say, someone has to decidethe change is good; worth the effort.  If you're in leadership, it's your job to get people to want to change. Yes, I think both the carrot and stick approach has merit but in order for change to occur, one needs to know what to do and how to follow directions - the new rules.  That means we need to pay attention to what people hear, see and read.  Take particular note that people retain about 70% of what they experience.  So when implementing change, figure out a way for people to experience the new way of doing something and you'd be a lot happier with the results.

Thanks to the leadership of Clearwater High School and to Doug for reminding me there's a reason my signature remains:

The only reason people change is because they want to.
"Streamlining the Commercial Real Estate Process"


All the Best,
Brenda

Remember, if you want to share some of your thoughts, it's easier now because we have a blogging component to RealWired! News.
Sales/Marketing Tip
Low Tech Trump Card
Call reports and 31 day files, forecasts and prospect cards, I've been a salesman long enough to have used these tools and a whole lot more. I was lucky enough to work years ago for a company on the very cutting edge of sales technology. I carried a laptop in 1988. I used it to enter orders which were then transmitted at 1200 baud through the phone. I wrote script files in Crosstalk so that my more progressive customers could access our IBM 360. I thought that I was pretty hot because I was much more conversant in DOS (3.0) than almost anyone I knew.
 
I'm still a salesman, but most technology has long since accelerated, moved into the passing lane, and left me far behind, gazing at faint tail lights in the distance. Oh, I'm not computer illiterate. I use all the standard Microsoft office suite products everyday. I'm familiar with Act and Goldmine, and Outlook and several more arcane contact management programs. I can't imagine sales life without them. I don't need them. I could sell just fine working off of index cards the way I used to. But, hey, there's a lot of efficiency available to a salesperson who's software literate. The catch is getting really literate.
 
Over the years I've learned most of what I know about computers and how to use them from books. Programs actually used to come with manuals. But as the software world has gotten more complicated and my business life has gotten more hectic it just doesn't seem to make sense to teach some things to myself anymore. So I enrolled in an Outlook training program put on by Priority Management (the famous time management people).
 
Wow. What an idiot I've been. On the first day all kinds of questions that I'd had for months were answered. Features that I never though I'd need are now powerful tools in my hands. A whole world of automated marketing functions, and pipeline management tools are not just available to me, but I can use them right now, with my existing data. Could I have accomplished all of this with a book? Of course I could. Could I walk to California? Of course I could. Is Outlook great technology? Yes, it's truly marvelous. But it's nothing compared to the ultimate technological achievement of all time: the skilled and concerned human instructor. Some things are better learned from real people.

Mark Fitzgerald, Sales Training Institute, Inc., Tampa, Florida provides this column weekly.  Mr. Fitzgerald provides both group and customized sales training for professionals and companies.  For more information, please contact him by telephone at 813-831-5555 via email at mark@saleskills.com or visit www.saleskills.com© Copyright Mark Fitzgerald, 2009, All Rights Reserved.
Hot Deals/Leads
Java Detour operates 20 locations throughout CA, MN, NV and WI.  The coffee shops occupy spaces of 800 sq.ft. to 1,300 sq.ft. in endcaps and freestanding locations with a drive-thru.  Growth opportunities are sought throughout NJ during the coming 18 months, with representation by Silbert Realty & Management Co., Inc.  For more information, contact Brian Silbert, Silbert Realty & Management Co., Inc., 85A Division Avenue / PO Box 406, Millington, NJ 07946.

The Fresh Market, Inc. trades as The Fresh Market at 86 locations throughout AL, AR, FL, GA, IL, IN, KY, LA, MD, MS, NC, OH, PA, SC, TN, VA and WI.  The supermarkets, featuring meat, seafood, produce, bakery, floral, gift and beer and wine departments, in addition to offering prepared food items, occupy spaces of 18,000 sq.ft. to 20,000 sq.ft. in freestanding locations and specialty and strip centers.  Growth opportunities are sought throughout CT, IA, KS, MA, MO, NE, NJ, NY, OK and TX during the coming 18 months.  For more information, contact Jon Stafford, The Fresh Market, Inc., 628 Green Valley Road, Suite 500, Greensboro, NC 27408.

Giant Food Stores, LLC trades as Giant and Martin's at 149 locations throughout MD, PA, VA and WV.  The supermarkets occupy spaces of 30,000 sq.ft. to 73,000 sq.ft. in freestanding locations and lifestyle, power and strip centers.  Plans call for four to six openings throughout the existing markets during the coming 18 months.  Typical leases run 20 years.  For more information, contact Bill Shrader, Giant Food Stores, LLC, 1149 Harrisburg Pike, Carlisle, PA 17013.

Hy-Vee, Inc. trades as Hy-Vee Food Stores at 201 locations throughout IA, IL, KS, MN, MO, NE and SD.  The supermarkets, offering a florist, bakery, photo center and pharmacy, in addition to home and garden items, occupy spaces of 35,000 sq.ft. to 85,000 sq.ft. in freestanding locations and lifestyle, power, specialty and strip centers.  Growth opportunities are sought throughout the existing markets during the coming 18 months.  Typical leases run 20 years.  For more information, contact Dennis Ausenhus, Hy-Vee, Inc., 5820 Westown Parkway, West Des Moines, IA 50266.

Like these leads?  Want more?  Go to the Dealmakers website for a Free Subscription.  The Dealmakers, the nation's weekly news source on retail real estate.
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