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August 6, 2014

           Volume 16 - Number 31

      
Streamlining the Business of Commercial Real Estate
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YouConnect© is a Web-based Appraisal and Vendor Management solution enabling financial institutions to automate and streamline their process, while satisfying federal and state examination and auditing requirements.
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No. 1 Selling Comp
Database Software
 
DataComp© is the No. 1 In-house Commercial Comparable Management Software on the market today made by and for commercial real estate appraisers.
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New Edge 2011

 

EDGE© is a simple to use, but powerful report writing solution. A stand-alone application that integrates seamlessly with Word, Excel and DataComp©. 

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Manager© is our cloud-based commercial appraisal workflow application that can be accessed from any browser, Windows, Mac or cell phone. 

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DataComp and Edge
now available in the Cloud.


Hosted by Microsoft 

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Check Out Our Sister Publication...
TOP OF THE WEEK TO YOU!
(by realwired! CEO, Brenda Dohring Hicks)

Brenda Dohring Hicks

 

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.

It Is What It Is         


It is what it is, but it's not. I woke up early the other morning thinking about this statement, "It is what it is." I think it was partially on my mind because I was planning to check my eBay bid status on an item later that evening around 9pm. Just as I was crawling into bed, I realized that I had forgotten to check whether or not I had won the bid. I was tired and it wasn't worth it to me to go downstairs and check to see whether or not I was the winning bidder. I resigned myself to the fact that I did or did not win, and proceeded to fall asleep. So that's an example of "it is what it is." And there are lots of other things that frankly, they are what they are. At least until for some reason someone says, but they're not.

I have a dear friend who was diagnosed nearly 6 months ago with a very rare form of cancer. I'm sure, because of the expansiveness of this disease in our population many of you have a friend or relative who has been in the same situation. In my mind there is no better example of "it is what it is, but it isn't," than dealing with a major fiscal or health problem. People a lot smarter than I, who deal with difficult situations on a frequent basis, will tell you that accepting "it is what it is" as a baseline, is a good thing. It's good because it sets a baseline for what happens next, because what it is, isn't what it necessarily will or should continue to be.

In business we see "it is what it is" all the time; we see people resigned to accept that there is nothing worth trying to change something. Many times they're right, many times the effort required to make a change doesn't make good sense. But many times it does. That's when I find that people get stuck. It's always more risky to change and do something different, than it is to keep the status quo. If you don't believe what I'm telling you, just ask anybody who works in a large corporation. But just as I believe there were two kinds of basic people in the world - functionaries and visionaries, each with their own degree of characteristics that define these traits, I believe that you can be a functionary and still have vision. So first, some definitions as I see them: A functionary is someone who is very pragmatic. This is someone who you might like in your accounting department, or if you are like many of our banking customers, you will find them in the credit department. Their baseline is as a functionary.  So you might say, "it is what it is, they are who they are." Visionary on the other hand, is a term you're probably more familiar with because it gets a lot o
f "press." A lot more press. A visionary's baseline is all about setting and achieving future objectives. You might again say, "it is what it is, they are who they are." But all of us have some functionary characteristics, as well as some visionary and all good teams absolutely need both. All good teams need to balance the two. So while recognizing that base traits are useful, they are just that, base traits. Traits meant to be explored and improved upon.

Given the opportunity, more people describe themselves as visionaries rather than functionaries. We do this because of all of the press given to the advantages of being a visionary, and vision being attributed to leadership. Few people are happy with a "functionary" moniker. Yet we see it every day - people act more like functionaries than even they want to be. Again, it's all about risk. There's a reason why higher the risk, the higher the reward risk is real. Risk is hard to define.  It's hard to put numbers on risk. Calculated risk is key. Calculated risk is what we strive for. Calculating risk starts with believing that "it is what it is" doesn't mean that's all there is. Well actually, it should never be all that there is. It should be the starting point. "It is what it is" puts a visionary on firm ground. It's what gives them the ability to put their vision into action. "It is what it is" sets the basis for taking action. Whether you are leaving yourself, leading a team or leading an entire organization, knowing where you are is the beginning, but you certainly can't stop there. Nowhere do we see this being more challenging than in today's world where we see technology, and particularly software, changing at an unprecedented rate. There are so many ways to take advantage of how to do things better by being willing to not settle for the status quo, for not willing to say "it is what it is." And maybe it's because we're in the software business that we live with the frustration of seeing people settle for doing things the same way they've always done them. But I'll bet you see it every day too.

"It is what it is, but it's not." We can choose to take what it is and make it different, make it better. Or we can do what I did the other night and pull the covers up over my head and drift off to sleep, not caring because I resigned myself to "it was what it was."

 

Come join our discussion on our blog, or I welcome your feedback through email.
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