Location Matters Most

to Doctors, Lawyers,

Retailers and Realtors!

Doctors want to be near the hospital or part of a medical complex, or healthcare campus because it’s good for their egos and reputations, professional camaraderie, and convenience in playing the referral game.

Lawyers want to be near the courthouse and close enough to other lawyers to spy on their practices in walking-distance coffee shops and upscale bar-restaurant gathering spots.

Realtors spout out:

“Location. Location. Location.”

(Yes, in three’s in case you missed the 1st or 2nd part of the mantra)

Why? It’s a nifty little subconscious control device for up-selling prospects on preferred (more expensive) commercial properties. Location emphasis also serves to set the stage for a realtor to paint a prettier picture, justify a bigger-than-planned-for client investment.

Actually, retailers (and certainly not all) are typically the only businesses that truly benefit by intensive location deliberations most of the time.

Online and home-based businesses, or manufacturing and distribution entities (that don’t require centralized supply route locales), most service industry ventures (that may need only to be within reasonable travel distance of prospects), can often function anywhere.

In fact, there’s a certain appealing ambiance and character associated with many off-the-beaten-track businesses. Maybe, since you’re an entrepreneurial thinker, you’re one of them?

I’m talking about out-of-the-mainstream locations in dinky little hamlets where you’d never even think of a security system, or trashy chain-link-fence-enclosed back alleys with double-bolted doors.

Maybe your business is holed up in the mountains of New Hampshire, a warehouse in the Red Hook section of Brooklyn, the cornfields of Waterloo, Iowa, a tied-up rented barge in San Diego, a kitchen table in Dallas, or a dilapidated garage in the slums of Memphis.

But regardless of your location, there’s a self-satisfying feeling that the physical space where you do business is your place, and that you make it work.

If these kinds of places even come anywhere near close to your reality (and you’re still somehow managing to survive our catastrophic economy with still rising gas prices and still rising unemployment and a brutally expensive and unwanted healthcare program blocking  business progress), imagine the added burden of some hot-shot commercial realtor’s idea of a prime location you cannot do without.

Who needs the high-rise penthouse office space in mid-town Manhattan or the end unit of that corporate park overlooking the Chesapeake, the New England oceanfront office condo, or those slope-terraced deals with windows facing the Golden Gate Bridge?

Really? Yes, it might be a nice change, but that barn of yours, across two cow pastures, next to the henhouse, works just fine, makes sense, and saves money. Besides, it leaves you still qualifying as a prospect for Extreme Makeover! Hey, y’never know!

Home is where the heart is,

but so too is the office or workspace

of every entrepreneur.

Until this economy turns around (which may yet be another two years), reconsider relocation. Stay where you are. Stick to what you know best and most enjoy doing. Don’t worry about appearances. 

Don’t let outsiders influence you to think you need a bigger, better, more fancy-pants location. It’s not where you work that matters. It’s the passion and purpose you put into what you do each day.   

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www.TheWriterWorks.com  

302.933.0116 or Hal@BusinessWorks.US  

Thanks for visiting. Go for your goals! God Bless You,

and God Bless all of our U.S. Troops and Veterans.

 “The price of freedom is eternal vigilance!” [Thomas Jefferson] 

Make today a GREAT day for someone!

When the going

gets tough,

many Realtors grasp

at straws!

     A post on yesterday’s edition of the vibrant and proactive leading newsletter for Realtor professionals, the ActiveRain Daily Drop was entitled “How To Brand Yourself an Expert and Build a Six-Figure Real Estate Business.” The heading alone represents much of what is  wrong with many Realtors today who seek to quick-fix instead of innovate.

     And the guts of the article drag us deeper into a state of malaise.

     First of all, the posted article was nothing more than a thinly-veiled sales pitch to urge our nation’s poor beaten-upon real estate agents and brokers to rise from the rubble of a collapsed housing market by signing up for and attending a “virtual class” starring a TV “Apprentice show winner.”

    Though favored by Donald Trump himself, this winner may indeed have the “commanding knowledge of investment real estate” that the article proclaims, but my best guess is that this individual doesn’t know any more than anyone else who has ever bought, sold, or brokered real estate.

     Clearly, the enrollment spiel is clueless about branding. Those who understand branding know that you can’t “brand yourself an expert.”

     Branding is all about earning a reputation for authenticity. Self-aggrandizement hardly captures that flavor of genuineness.

     Being viewed and respected as an “expert” is something that comes from others, not from yourself.

     Granted that real estate as a business may host a fair share of egocentric types, but offering self-declarations of expertise is not a practice that most people find to be particularly endearing . . . certainly not property buyers and sellers who I’m quite sure prefer humility and low-profile sales attitudes. Assertiveness does not require aggressiveness. 

     Oh, the fantasy TV show winner also apparently has a book for sale (tell me you’re surprised!) which would seem likely to be implausibly unrealistic if it cornerstones the thinking that what sells best — and makes the most money — is for Realtors to (as my father used to warn against) “toot their own horns.”

     If you’re in real estate sales, and you’ve been fighting to survive this sucky economy, the last thing you need to do is follow some self-serving, self-proclaimed expert into the arena of thinking that you can do the same thing and make untold fortunes. All you’ll make are enemies, and enemies don’t help you make sales.  

     Those who succeed at making a living in real estate sales are those who recognize and appreciate the opportunities they hold in their hands to make a difference in this life by nurturing their matchmaking abilities. They are catalysts of change. Realtors are the entrepreneurial leaders of American small business precisely because they DON’T run around telling everyone how great they are.

     They let their people talents, and their communication and organizational skills speak for themselves. Satisfied clients who brand these real estate pros as experts will advance their reputations light years beyond the kinds of competitors who beat their chests, shout their names from the rooftops, and sign up for quick-fix seminars run by questionably-qualified people seeking to sell books!

Thanks for visiting. Go for your goals! God Bless You! God Bless America, and God Bless Our Troops (“The price of freedom is eternal vigilance!”- Thomas Jefferson)  Make today a GREAT day for someone!

Just because you’re a hotshot,

don’t blow off doing your homework!

      I recently noticed two free-standing specialty coffee kiosks gone from two strip mall parking lots I regularly pass. The business owners — a franchise I believe — are no doubt fretting that they made a bad investment decision, probably blaming the economy. 

     But the truth is much more obvious. They simply didn’t do their homework. They thought they had an idea that was so spectacular that it would work anywhere: Starbucks-style coffee on the go at drive-up booths in busy shopping areas. You do know the word “assumptions” is spelled “T~R~O~U~B~L~E” ? Apparently, they did not.

     What they overlooked (by not doing their homework) was that you can’t set up shop for a retail establishment of any kind that specializes in expensive, exotic coffee in shopping areas (no matter how much traffic) that boast boarded-up storefronts and are primarily frequented by welfare and food stamp recipients, in a poverty-stricken state.

     Even in good times in a rich state (are there any of either of these left?), to charge $3-$6 for a cup of coffee-to-go approaches the cusp of gouging, and is best left to major parkway service centers and sports stadiums where captive audiences will pay the piper. 

     So these owners knew they had high-traffic areas, but never checked out shopper profiles. And even this would have been obvious had they had their scouting eyes open: junk-heap cars and trucks, and shoppers in Salvation Army-style clothing ear-marked the parking lots.

     Of course it’s possible that these owners might have thought they were so entrepreneurially sharp that they could sell ice to Eskimos.

     Compounding the issue was that perhaps they saw nothing off-putting about cars lined up at these one-person kiosks, having pulled up because there wasn’t time to stop at WAWA or 7/11, waiting in bumper-to-bumper lines for some tweep to order a fat-free, candy cane brandy latte with 3 shots of carmel splash espresso, and skim milk with real whipped cream sprinkled with cinnamon… 

     And even that bit of customer aggravation would be resolvable and — in some neighborhoods wouldn’t matter anyway — if some value-added benefits were made part of the waiting time (not unlike the idea of Starbucks laptop connections).

[Don’t get me wrong here, I am not endorsing Starbucks; I don’t like their operations, their rip-off prices OR the taste of their over-the-top coffees; they are simply a convenient example.] 

Bottom line: Realtors beat it to death, but they are right! Location is indeed critical for every (even in-home) business. But if you fail to do your (complete) homework and don’t think through the strengths and weaknesses of any potential location, you do it at your own peril.”

     If the business has promise, excuses don’t cut it when hotshot entrepreneurs run it into the ground. Specialty coffee –in the right locations — can still command big bucks in this economy. Stupidity cannot. 

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 LOOKING FOR LEADERSHIP? See Hal’s Guest Blog Post at TBD Consulting’s Jonena Relth’s HIGHLY-RECOMMENDED site http://bit.ly/XhN1h

 WONDERING WHEN NO is Better Than MAYBE? See Hal’s Guest Blog Post in BonMot Communications’ Angelique Rewer’s FREE HIGHLY-RECOMMENDED e-zine www.thecorporatecommunicator.net 

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