Solomon Poretsky's CRE Road Trip Halftime Update

Catching up with Solomon on his CRE Road Trip

Memphis - CRE road trip
Memphis, TN

In case you missed my blog post last week, I’ll fill you in: Solomon Poretsky, SVNIC’s Executive Vice President of Organizational Development, has been on the road this July touring nine different states, visiting as many SVN offices as he can. Bringing his whole family along for the ride, Solomon has made some progress driving around the middle of the country, from Minneapolis to Memphis to Pittsburgh and more. So far, after visiting four SVN offices, Solomon has been enjoying his #CREroadtrip experience.

One of the interesting aspects of this trip for Solomon has been seeing how each office reflects both the “flavor” of the person who leads it as well as the feel of the region. For example, just the other day Solomon was sitting in an old historic downtown Pittsburgh building, versus a week earlier he was sitting in a suburban office building in Cincinnati. But it hasn’t been all about the differences for Solomon. “What’s equally amazing is the commonalities between the offices,” he says. The SVN work culture itself is pretty much the same across the board: from downtown Pittsburgh to suburban Cincinnati, Solomon has been noticing high levels of collegiality, Advisors who are extremely knowledgeable about the local markets, and a strong dedication to bring the power of our Shared Value Network to local communities.

CRE Coaching for Managing Directors and Advisors

Pittsburgh - CRE Road Trip
Pittsburgh, PA

During these CRE road trip office visits, Solomon has been making time to meet one-on-one with each Managing Director. Much of these meetings have involved working through strategic deployment planning, helping Managing Directors find ways to touch every part of the market. Through determining how many people to hire and which territories should be covered, Solomon and the Managing Directors are able to devise the best way to grow each brokerage business. Successful office growth calls for building a brand presence in the community, which is another topic Solomon covered on his visits with Managing Directors. In order to have a strong brand, Managing Directors must find ways to recruit new talent to the industry. Solomon emphasizes the importance of creating opportunities for those who would not otherwise have a chance to make it into the CRE industry, without compromising our high standards, of course.

CRE Road Trip
Meeting with Advisors in Cincinnati

Solomon has also been spending time meeting with individual Advisors at the offices he’s been visiting. Advisors are sharing their stories with Solomon, talking about the everyday challenges they face and how they can grow their business by serving clients more effectively. Other topics Solomon covered in these talks with Advisors include prospecting strategies, time management, personal branding, client service, and the vision of a successful business. “The most exciting thing that’s happened has been talking to young people at firms and helping them figure out ways to become full-fledged brokers,” Solomon says.

Solomon even spent some time on his CRE road trip talking to competitors and educating them on the benefits of being here at SVN. Solomon says: “Based on what I’ve heard, at least some of them will be joining us!”

Follow the chronicles of Solomon’s CRE road trip right here on the SVN Blog or on Twitter @SVNIC

[bctt tweet=”So far, after visiting four SVN offices, Solomon has been enjoying his #CREroadtrip experience.” username=”svnic”]

Solomon Poretsky's Summer CRE Road Trip

Hitting the Road in the Name of CRE

Inside the Ultimate Commercial Real Estate Road Trip

CRE road tripHere’s something you may not know about SVNIC’s Executive Vice President of Organizational Development: Solomon Poretsky loves road trips. He likes them so much that he decided to spend most of July touring nine different cities on what we’re calling a “CRE road trip” – and he’s bringing his whole family along for the ride. From Solomon’s hometown in Minnesota to Pittsburgh to Memphis and more, SVN’s CRE training expert will be driving through nine U.S. states with the intention of hitting as many SVN offices as he can.

Making the Most out of SVN Office Visits

So what will Solomon be doing on these office visits? The answer depends on the office itself. Overall, the goal of these visits is for Solomon to support the individual offices by spending face-to-face time with Managing Directors and Advisors. Just like Advisors are more effective when they are face-to-face with clients, as a CRE coach Solomon is more effective when face-to-face with Advisors. Seeing offices in person makes it easier for him to identify individual strengths. For example, an office might be very strong in one product type and not realize how to leverage this strength. Visiting in person can make it crystal-clear which opportunities Advisors are missing and where they need to direct their focus. Even seeing the physical property signs throughout the neighborhood is an indication of how the business is doing.

Solomon Poretsky's CRE Road TripAnother benefit of the face-to-face aspect of these visits is that Solomon is able to survey the physical setup of the workspace. Helping the Managing Directors make the best use of their office space is important, because smart setups can be conducive to creating more positive and collaborative workspaces. By fitting more Advisors in a limited office space, for example, Advisors can work more closely, making collaboration and cohesion easier. The point is to create a community, including Advisors in a way that makes them want to be there, which can inspire more productivity than if an Advisor worked in an isolated cubicle.

Though Solomon will be spending one-on-one time helping Managing Directors solve specific individual problems, he will also devote time to meeting with Advisors. Some of this face time with Advisors will cover sales skills, such as how to get the person you actually want to talk to on the phone. Additionally, with Solomon’s lead, Advisors will discuss challenges they are facing in the market, and then Solomon will collaboratively help them find solutions to those challenges. Some of the questions that may be addressed are: How do you deal with owners that are not in the area? How do you explain the impact of new developments? How do you learn what a client really needs, understanding the client so you can really help them? No matter the level of experience, all Advisors have questions. Luckily, Solomon has the answers.

Follow the chronicles of Solomon’s CRE road trip right here on the SVN Blog or on Twitter @SVNIC

[bctt tweet=”All Advisors have questions. Luckily, Solomon has the answers #CRE #CREroadtrip” username=”svnic”]

The Summer Season: Setting Yourself Up For Success

Summertime… and the Earning is Easy

When I picked up my kids from preschool, I noticed that just about every pair of snow boots was gone. (That’s right, in Minnesota, we keep snow boots handy well into May!). Summer is upon us. And, soon, you’ll hear people making the usual excuses for taking it easy:

  • No one does business
  • All of the clients are on vacation
  • I can’t make money

And they’re all untrue.

Now, let me be clear. If you want to take it easy this summer and can afford to, go for it. It’s your business and your choice. However, if you want to solidify your year and maximize your chances of going to Partners Circle, it’s time to buckle down. Think it won’t work? Well, let’s work backwards….

  1. December is, by far, the busiest month of the year for sales.
  2. Deals that close in December go under contract in September or October.
  3. Deals that go under contract in September and October usually get listed somewhere between July and September.
  4. Deals that get listed between July and September usually come from client contacts between June and September.

What does this mean? In brief, summer sets up the best month of the year.

Making the Most of the Summer Months

So what do we do about it? First, let’s face the facts. Yes, people are more likely to take vacation in summer. Yes, they’re more likely to kick off early on Friday. And, yes, some even spend the whole summer at a vacation home or cabin. So what?

If your client is someone who works for a living, they probably aren’t as flaky as you think. Call them any time other than Friday afternoon, and understand that they could be gone for a week or two out of the season. The rest of the time, it’s business as usual, especially if you have something good to talk about. Summer’s a great time for lunches at outdoor restaurants, playing golf with clients and the like. And if you have their cell phone, Friday afternoons can be a great time to reach them. If they’re heading to their cabins, odds are that they’re sitting in traffic and have nothing better to do than talk to you. While New York city traffic to the Hamptons is legendary, this happens everywhere – try taking the Golden Gate Bridge on Friday afternoon to leave San Francisco and get to Wine Country or going out I-94 or US 169 into the lake and cabin area in Minnesota north of the Twin Cities.

Clients who have more free time can be a little bit more challenging, but they’re still reachable. Believe it or not, cabins have phones, computers, and Internet connections. Furthermore, if you’re willing to make the drive to meet a couple of clients in their cabins, you might find that they’re completely different people. Wouldn’t you like to meet prospects that are more laid back, more open and more engaged?

In other words… Business gets done in summer. You just have to do it!

[bctt tweet=”In brief, summer sets up the best month of the year. #CRE” username=”svnic”]