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August 25, 2010 
Volume 12 - Number 34
Streamlining the Business of Commercial Real Estate
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In This Issue
Where's the Payoff?
Sales/Marketing Tip
Hot Deals/Leads
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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.
Where's the Payoff?
It's what we want to know every time we think of buying new software, computers and printers.  It's also the hardest thing to calculate.  And it's 'not just hard to do it when you're a large company;  it's really tough to do in a small company or individual department.  So I say, why do it at all?  What I mean is, why do it with a calculator alone.  You can't really "calculate" very easily anyway, but you can use your gut and know that you're making an improvement over how you were doing things.  And by using your gut, please, please just accept that you don't have to find the "perfect solution", you just have to make things much better.  That's a big piece of the payoff.  Make incremental improvements.

Whether you're the only one you have to justify the cost and the ROI on that cost to, you have a great boss or even a curmudgeon who controls the budget, here's a couple of things that will help determine the "payoff".  First things first...you have to convince yourself and those involved in the budget part of your decision that the payoff isn't always in cash.  It's not always important to calculate using money as the unit of measurement.  As a matter of fact, it's usually the least important part of the decision.  A non cash issue such as employee satisfaction is one of the most important.  If you don't think what I'm saying makes sense, just think if you had to do an ROI on continuing education.  Tough to do, isn't it?

So here's an idea.  Calculate using your gut and easy to apply "calculations" by looking at how the new software, computer, printer, projector, scanner or whatever, will plug holes and do what you need to do the fastest and, voilà...your payback is instantly calculated.  I like to use the "five minute test"...find processes that can be improved by about five minutes and multiply how many times five minutes will be saved.  It's easy math and the impact is amazing.  Oh, and by the way, people will really notice and so the payoff will feel big.  So think of the payoff a bit differently and you'll be able to move more confidently into your solution.  That's always the right thing to do.


Click here to join our blog discussion or simply shoot me an e-mail when you get a chance.
Sales/Marketing Tip
Moving Pianos
When I was young I delivered pianos. It was a good job; not high paying but interesting. I was in high school at the time. I weighed 135 pounds soaking wet. And I don't mean a compact muscular 135 pounds either. I mean a lanky, semi-scrawny, somewhat boney 135 pounds. Delivering pianos after school can be hard work, but it has its moments.
 
The best part of the job was the initial meeting with the customer, always an adult and often a much larger person than I was. I'd show up in a van which stood fairly high off the ground because of the oversized suspension. (Pianos are heavy, very heavy). I, skinny and shy, would greet the new piano owner who would invariably ask about my helpers. They'd be mildly annoyed that I was alone and that they would have to help. They were incredulous when I told them that insurance rules strictly forbade them from doing anything but hold the door for me. They could not touch the pianos until I had it them place in their living rooms. None of them believed that this could possibly ever happen.
 
It gets worse. They clearly expected that the truck would have some sort of lift on it. It didn't. They certainly thought that I must have some special equipment. I hadn't any. Pianos are moved with only a very small rubber-wheeled dolly that slips underneath and several thick movers' blankets. Using only the blankets (to avoid scratching the cabinet), I'd take the instrument off of the truck. Using the dolly I'd wheel it into place, sometimes with the assistance of the blankets on the stairs. I never scratched or chipped a piano. I did my work very quickly. I always got big tips.
 
Pianos are big and heavy. But big and heavy is no match for understanding and leverage. Pianos are cumbersome. But unwieldiness is no match for appropriate and simple tools. Pianos moved improperly can get you hurt. But one mover who knows what he's doing is safer than are two who don't. It's dangerous to accept help from well-meaning amateurs because the helpers usually just destroy the leverage.
 
This year you'll be doing some heavy lifting in your business. You'll be looking to land some big accounts. To make your goals you'll have to do things in the most efficient ways. I hope that you don't mind learning from an old piano mover. Get some instruction in how to leverage your time, efforts and conversations. Get some simple and powerful sales tools in the form of better questions and the wisdom to know when not to talk. Whenever possible, go on your sales calls alone. Two salespeople will destroy each other's leverage. Sales is serious work that is best left to professionals.

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
Anna's Linens operates 246 locations throughout AL, AZ, CA, FL, GA, IL, IN, LA, MD, MI, MS, NC, NM, NV, PA, SC, TX, VA, WA, WI and Washington, DC.  The stores, offering bed and bath, home décor and kitchen and tabletop items, occupy spaces of 6,000 sq.ft. to 12,000 sq.ft. in regional malls and power centers.  Plans call for five openings throughout Palmdale, San Fernando Valley and San Gabriel Valley, south central, eastern and western Los Angeles, Hawaiian Gardens/Cerritos and Bell Gardens, CA during the coming 18 months, with representation by Retail Net Lease Properties, Inc.  The company prefers to locate in first- or second-generation spaces with high traffic counts and high visibility.  Preferred sites include power centers anchored by Target, Wal*Mart, Home Depot and Lowe's Home Improvement.  Preferred sites also include grocery-or drug store-anchored neighborhood and community centers, as well as in central business districts.  For more information, contact Eric Knudson, Retail Net Lease Properties, Inc., 360 North Sepulveda Boulevard, Suite 1020, El Segundo, CA 90245; Website: www.rnlp.biz.

Bellini Juvenile Designer Furniture operates 61 locations nationwide.  The stores, specializing in upscale furniture and accessories for children, occupy spaces of 3,500 sq.ft. to 5,500 sq.ft. in lifestyle, specialty and strip centers.  Growth opportunities are sought throughout major metro markets nationwide during the coming 18 months, with representation by Sommers Consultants.  Typical leases run 10 years.  A vanilla shell is required. For more information, contact Ron Sommers, Sommers Consultants, 301 North Main Street, New City, NY 10956.

Butler Carpet Co. trades as Bob's Carpet Mart at 15 locations throughout FL. The stores, offering carpet and flooring, occupy spaces of 5,000 sq.ft. to 17,000 sq.ft. in freestanding locations.  Growth opportunities are sought within a 50- to 60-mile radius of Clearwater, FL during the coming 18 months.  Typical leases run five years with a five-year option. For more information, contact Bert Butler, Butler Carpet Co., 10815 US Highway 19 North, Clearwater, FL 33764; Web site: www.bobscarpet.com.

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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